Thanks for posting the indicator.

MTF Stochastics

You said it TEB! ...."the holy grail of trading is MTF". I've read your thread and thought it got to the heart of the matter with using simple MTF. I am trying to help people make pips...even pip for a living or at least show that it can be done. ...

MTF Stochastics

Looks like the markets are going quiet for the holiday. May have to pack it in and wait until they re-open. Happy Easter to all.

MTF Stochastics

10 Pips — I pretty much have resigned my self to trading with a 10 pip spread from brokers for GBPJPY, but would like to know if anyone has better. I far more enjoyed trading when it was a fixed spread versus this fluctuating spread stuff.

MTF Stochastics

Get Ready For A Long Escalator — Our 4H is almost at the 20 line...finally. We'll have to keep an eye out now for our long trade to start to form. Only draw back is going to be the holiday weekend...hopefully we can get entrenched in a nice ...

MTF Stochastics

I'd check the stoch settings for Alpari...the Interbank is the right one...well at least I see the 4H at around 39.

MTF Stochastics

Look at the 15M as it finished 1 candle. The price line is at 233.75. Notice how little the stochastic moved from 233.75 to the low peak in price versus how much the stochastic moved up to go back up to the 233.75 price from the low peak. That's ...

MTF Stochastics

As I write this; what we have now is a promising looking long trend forming...or do we? Look at it more closely. The 15M is up, the 30M is just over 20 and the 1H is still below 20 whipsawing. The 4H is till downward trending towards 20. Right now ...

MTF Stochastics

Understanding Above 80 and Below 20 Moves — I'm going to re-address the 80/20 lines as there is reason to my madness for waiting until we trade above the 20 or below the 80. Without doing the math, you will notice that stochastics rarely ever ...

MTF Stochastics

The problem of above 80 and below 20 is that stochastics react in a different way then on the way between 20-80 or vice versa. There can be HUGE pip movement under the 20 or over the 80 line that can bury you if you get in a trade too early. If you ...

MTF Stochastics

Yes, I don't think you are going to have much fun over the next little bit. Flip on the 5M stoch and see how much affect the down has on the price...hopefully it affects the 15M stoch to some degree.

MTF Stochastics

You'll probably have price go against you for a bit in the short term.

MTF Stochastics

Next Trade — If your wondering what I am waiting for to enter the next trade, it is the 4H stoch to come down to the 20 line and turn up again for a long escalator trade when the time frames align. In the meantime there are downward moves to ...

MTF Stochastics

Learn To Love Divergence — Although I didn't mention it in my manual, divergence can reap some nice rewards. Notice how this 15M chart from right now has diverged as the stochs went up and the price went down. Notice when the stochs turned ...

MTF Stochastics

If you chase pips as I first outlines in this journal, you will probably find about 3 trades a day on average. With the escalator, probably a few a week. It is a matter of risk. If you wait for a trade like April 5 at 8:00 GMT, that is what I would ...

MTF Stochastics

April 5 Live — This chart is showing clear divergence between the stochastic and price. A sure sign price is going to be a lot stronger down when the 15M turns.

MTF Stochastics

April 5 @ 12:30 GMT — Here is the down swing I would have waited for. Notice how much better positioned the 15/30/1H charts are in relation to each other than they were at 8:00 GMT moving up. This gives me more confidence to put a trade in ...

MTF Stochastics

For the charts I am using StrategyFX.

MTF Stochastics

End result — You must have made some pips on the trade as I see it went up to 74? I'm cautious of the interest rate news to be sure...that is the only thing that keeps me on the sidelines. I felt the 8:00 GMT trade was too early, I would have ...

MTF Stochastics

April 5th - 8:00 GMT — The only problem with this entry is the 15M and the relationship to the 1H and especially the 4H. The 15M is very high, the 30M is extremely whipsawed. Given the 1H and 4H haven't reached the 20 line, this is a risky ...

MTF Stochastics