Still in the trade, will ride it out. Entry Short at 231.00 Stop at 232.00 TP at 230.80 I am waiting for a second short entry. Which I will put here. Second Entry: Short at 231.25 Stop at 232 TP at 230.90 Hit this second entry at 11:57 am EST 12:01 ...

MTF Stochastics

I'm a potato — I'm still in the trade. I'll ride it out. I still hold that the 231 entry point will not be far off the mark when things go down. I will make another short trade here to take advantage of the up ...just waiting. I'm hoping it ...

MTF Stochastics

It's a good idea. I do know what you mean, but my problem is discipline

MTF Stochastics

The biggest problem I have with the MTF Stochs indicator is that if you have it on the 30 M chart, the 4H and 1H wil repaint themselves...which makes sense as they are still adjusting. If you backtest with the indicator it looks great, but trading ...

MTF Stochastics

No. I have only GBPJPY charts open.

MTF Stochastics

You are correct. I jumped in a little early this morning, even after I wrote about being patient. It's a bad trait of mine....trust you to slap me silly a few times and tell me to wait in the future. I don't use the RVI to make a trade decision. The ...

MTF Stochastics

Entry: Short at 231.00 Stop: 231.60 TP: 230.60

MTF Stochastics

Down action coming soon — Keep an eye out, some down action starting soon. All the stochs are peaking at the top. Will update shortly with an entry. My entry will probably be around 231.00 Just waiting for the stochs to start coming done on ...

MTF Stochastics

Good question. I don't like USD, because I don't think the US has a clue what they are doing economically at the moment themselves.....no not really just had to put that in. Really, the answer is lack of information. I trade 100% technical, and ...

MTF Stochastics

It's really nice after a few months of successful trades. When you have a big enough pip bank your trades are technically "zero" risk. Kinda like betting with the house money idea.

MTF Stochastics

Great job! That's what I like to hear. Let the pip bank be your "more" . It will add up over time. You don't have to get rich overnight...just get rich.

MTF Stochastics

Short = sell Long = Buy Referencing only GBPJPY.

MTF Stochastics

RSI — Someone mailed me earlier asking me how I use RSI. I don't on short trades. I use it for long trades where I am playing the 1 or 4H chart. I use it to support my decision but not to decide the trade. If it is below 50 and I am long I am ...

MTF Stochastics

Mind Change — The daily stoch is looking rather ready for a turn up. I just may trade a long here if the 1H stoch gets lower and in sync with the 15/30. Might be a good trade to get a trend reversal. Probably too early though. If you look at ...

MTF Stochastics

The 5M Stoch — Don't ask me to explain the reason why, but the 5M stoch is an interesting indicator for finding the peak of a trade. If the 5 min stoch breaks 85 or 15, for some reason that is the indication that we are at the peak of our ...

MTF Stochastics

Too Easy — Well that was an easy 20 pips. Didn't even get to finish typing everything. Now we have 20 pips in the bank for tomorrow. Trades: 3/3 Pips: Daily Target 20 pips: reached Banked Pips: 20 Total Pips: 40 Tonight I am only trading with ...

MTF Stochastics

Wednesday Night — Ok, well I left off hitting a long expecting it to go higher when I left. Lucky I got out when did, but still lots of time there to get out and still make pips. Since we were against the trend, it was a riskier trade and take ...

MTF Stochastics

Thanks for the very nice comments. Majority of my trading is 5 am - noon est. Otherwise usually 7 pm-midnight. I will trade the afternoon if I have time.

MTF Stochastics

No not really....I was getting PM'd so much asking me how I trade I thought this might be easier to explain it once and as I go. It's hard to put what goes on in your mind on paper (or the screen in this case) without writing a book. So I thought it ...

MTF Stochastics

It's a piece of a piece of a system that is on here in FF. I don't use it to trade, just to give me a "comfort" zone on where the the market is. The reasoning for 100...it just works for what I need it for. I don't use the RSI to confirm the RVI. ...

MTF Stochastics