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.

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\o/ In Christ Alone!
Pipskateer

hi

one of the most genius things with this stoch correlation!


lodol

Agree 100%....you can almost trade this on MTF stochs alone, but having the candles and other indys for confluence adds assurance of probability.

__________________
\o/ In Christ Alone!
Pipskateer

Hi, Pipskateer! (or nohangingZorro?)
some say Snake repainting... I like the Bookkiper's idea how he put together this indi, what do u think? (if Snake MA isn't stable, we can hook SnakeForse to any other MA - but idea of oscillator - what is your opinion?)

Goldenequolity - was it Randy Candle himself?

first trade of the sunday. let it open, see what it wants to do. and take the setup.

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Rav,

Man you are truely a pipaholic. That is a fantastic trade to begin the trading week.

Will be joining you after work, probably mid way thru london.

Regards,
K.

hey hey hey....hey....hey. im drunk. anyone get these? im f'ed up and at 11:07 we all coulda had pips on this. if anyone wants to join me on yahoo man. takes two seconds. skype? just got it working.

drank too much forgot my chart

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i r sad i got wasted and didnt trade london on time. and im going to bed. but alas! who will be around 9 est!?! stay tuned! i know i am.