Wow! That was some heavy action....
I had very good weekly results overall with a bit of a letdown on Friday. I was up 139 pips from the Asian/London sessions the night before and shoulda quit for the week. Instead I lost all but two pips on Friday.
However, my weekly total was not too shabby at 433 pips total, so I can't cry too much....
I really like using the MTF stoch setup that Rad introduced. I'm a fan of MTF's and Rad's indys. I use some of his tools, but not necessarily his exact system. I mainly trade M1 with looks at M5. I see a lot of you using stochs too, but only on one TF. I think if you add the next higher TF above the one you're actually trading, you'll be able to get a much better read on where the move is going rather than just relying on the single current TF... I'll post a few pics to show what I mean...
My IDEAL TRADE....when the current TF stoch and the upper TF stoch both line up at the top or bottom (BEST if it's opposite to the direction of the established daily trend...) and you have confluence with the other indys, such as a cross of price over the MA's or Laguerre filter, a cross of the MACD lines, and/or color change of Rad's Osc or whatever your fav indy happens to be. This move was about 80 pips or so....
Another way to use the MTF stochs is to watch for times when the upper TF stoch stays buried at the top or bottom and the red/blue current TF stoch works some pullback magic... You can use this interaction of the different TF stochs to help you decide if a short term TF move is a significant reversal or just a pullback against the longer trend. Pullbacks are nice re-entry points on the longer trend.
- was it Randy Candle himself? 
Linear Mode
