Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
Excellent Setup using ITGuy's information and Stochastics.
1. long term trend down
2. below 25ma (purple line)
3. 1h and 30 m stoch low and head lower
4. 15m (yellow) trigger stoch breaking lower
5. time is right @ NY open = volume
Excellent Setup using ITGuy's information and Stochastics.
1. long term trend down
2. below 25ma (purple line)
3. 1h and 30 m stoch low and head lower
4. 15m (yellow) trigger stoch breaking lower
5. time is right @ NY open = volume
Exactly- And there are 2 entry points here if you missed the alert and stoch at around 05:00 on summits chart you could have caught the second one at approx 11:30 (that's where I shorted, I was asleep for the first one). The 25 sma rule #2 has really kept me out of a lot of losing trades even though technically you could have made a few pips on the brief up spike. This combo is great, there are a lot of ways to trade the signals AND it works on any pair.
On the chart below...it's very clear when the alert candle appears around 10:30ish it's easy to see the 30/60 m stoch moving up and the 15m (yellow) turns north with the RC's turning back up after small retracement.
Simple Rule- only trade in the direction of the higher TF Stoch's with the 15m (yellow) as a trigger!! You can see 5-6 trades here
On the chart below...it's very clear when the alert candle appears around 10:30ish it's easy to see the 30/60 m stoch moving up and the 15m (yellow) turns north with the RC's turning back up after small retracement.
Simple Rule- only trade in the direction of the higher TF Stoch's with the 15m (yellow) as a trigger!! You can see 5-6 trades here
Many ways to trade it
Also pay attention to when the 15m stoch returns from overbought or oversold it more often than not gives you a good indication of exits.
__________________
"Dictionary is the only place that success comes before work. Hard work is the price we must pay for success. I think you can accomplish anything if you're willing to pay the price." Vince Lombardi
This indicator is the newest MTF stoch. Credits go to IYA over at FF. I modded the second one to set the color based on the timeframe you enter and to default to 14,3,3 because I got tired of changing them.
The first v2.0 attached is the original unmodified.
This indicator doesn't draw the stochastic until the timeframe it represents has closed a bar. It does show you approx where the value is during the bar. There is also a nifty little clock that shows when the bar is going to close.
Linear Mode
