That's an interesting idea. I like the %R, but haven't found a niche for it. I'll have to experiment with your idea.

MTF Stochastics

Ok, I got out at 229.48 to make +13 pips. The reason is I have my 20 pips for the day. Life got in the way and have to leave trading this afternoon. Will be back at it tonight. Otherwise I would ride this up a little more. Trades 2/2 PIPs: +20

MTF Stochastics

Template — Attached is my template...this is my most common. The MA's are experimental, so I'm just watching them for now. RVI is my horizon indicator, I only use it on the 1H...it let's me know where the market is.

MTF Stochastics

Moved the stop to 228.50 11:33 am EST Moved the stop back to 228.75 11:52 am EST adjusted stop back to 228.50 15/30's are going to whipsaw so we'll dip a bit. May have to lower stop some more. 12:03 EST the 1H has moved into a stronger up position. ...

MTF Stochastics

Well we missed a big drop but that's ok, I never cry about missed pips as long as I get some. That big drop by the way supports us in our coming trade which will be long and in the reverse direction of the current move. So with that in mind, we are ...

MTF Stochastics

Ok hit TP at 86. Trades 1/1 +7 pips I am going to wait until the stochs calm down and decide where they are headed. I was about 99% confident of grabbing pips on that trade and even if the stochs went up, it would have been a waiting game to hit our ...

MTF Stochastics

I am moving my TP to 86, this will give me 7 pips. It's very choppy so being safe here.

MTF Stochastics

Well just as I was typing that the stochs made a turn up. Not to worry, if they do go up to 80 it will be short term, our 1H still supports the short and the 4H is still below 20.

MTF Stochastics

On to Trading — Ok, that's enough theory. SO let's look at the markets and do some trading. I'll explain other indicators and how I use everything as I go. As of right now the daily is on a down trend. The weekly is up trending but looks like ...

MTF Stochastics

Ok so trade the stochs already — Sorry for being long winded, but I can't tell you what I do without some explanation. Daily Stochs. What is our trend? If the daily is above 80 and turning over...realize that turn is going to be really ...

MTF Stochastics

Trading the GBPJPY - The Stochs — Like everyone here, I have and still do explore every system I can find....heck if there is an easier and better way to make pips, I'm game. Until then.... This is for GBPJPY only. I have never tried this on ...

MTF Stochastics

20 Pips — I aim for 20 pips per day. That's about 400 pips a month. I take profit at 7, 14 and 20 pips on my early trades in the day. In other words, I wait until I am up 20 pips and set my stop loss so I make 7 pips, then if I am up 30 pips ...

MTF Stochastics

Margin — For those new to Forex, I want to talk about the most important thing first. The money in your account. I started with $2000, I recommend to anyone they have $5000 in their account. Why? You will simply make better decisions not ...

MTF Stochastics

I have been getting a lot of PM's lately on how I trade the GBPJPY, so I thought I would open this journal up and deal with questions and tell you what I do, as well as list my trades or assess the market situation. The first thing you should know ...

MTF Stochastics

Looking at Stochs at the moment on mutli-time frames. Daily MA50 has a little long break through going on to counter it's down trend Stoch. Small whipsaw here I think. 4H RSI is looking to bounce off 50. Only contradiction is on 1H. Looking at this ...

Daily GBP/JPY analysis

Take a look at the 30M, we have a nice PIN forming in the candles...see if it holds up for 15 more minutes. Update: The PIN held together, that supports the long

Daily GBP/JPY analysis

Well that was certainly a bumpy ride down from yesterday. All indicators are back to a long again. Not sure how long it will ride but it is across the 30 to 4H charts so could be a good Fab retracement in the works. Daily is still in the down mode ...

Daily GBP/JPY analysis

Long is on the horizon...for a few hours this morning. But this week I expect the overall move will continue downward. The small time frames continue to bump up the price for short periods but daily and 4H continue to hold a short trend over the ...

Daily GBP/JPY analysis

I think you might see a few ups along the way down...sooner than later. The short time frames aren't quite in sync for a smooth ride down. However you should see a general move of the 1H, 4H and daily RSI head down after the 30 crosses the 50 line ...

Daily GBP/JPY analysis

Watch the RSI's on the 15, 30,1H and 4H...they should fall down like dominoes. 15 is almost at zero. If the 1H doesn't fall after the 30..."Houston we have a problem". (Should mention when I say RSI at 0 Imean 50...I reconfiged my RSI to have the 50 ...

Daily GBP/JPY analysis