Great technique for beginners...

[traderone]

I can't quite read your settings on the Stochastic indicator. Mind telling what they are? Thanks for the charts.

[Coastie]

Originally Posted by traderone

I can't quite read your settings on the Stochastic indicator. Mind telling what they are? Thanks for the charts.

15,3,3 by the looks

[Akash]

Originally Posted by perching

Here is a set-up I use to place a trade for either the up stroke or down stroke of a swing by using all three circled inducators. The currency must pass either up through (long position) or down through ( short position) the 20 WMA (Purple) along with the Tenkan-Sen (Yellow). Then the Accellerator Osc. must pass the "zero dash line" ( down through; for short position or up through; for long position), last leg is when the Stochastic Slow %K crosses up through the 30% line going positive to confirm a long trade, or when the Slow %K crosses down through the 70% line going negitive for a short trade.

If there are any questions or comments please post.

Ed

Hi Perching,
I think your system is really nice, but what are the stochastics values? Also, I tried to use the Accelorator Oscillator, but it appears as an oscillator, not as a line. Also, do trades come often this way? Please let me know.
Rockin' Tradin'
-Akash

[Akash]

Originally Posted by rollingstone

Thanks,

I know it's a pain but any chance you could post a chart for, say the GBPUSD trades as I can't see a couple of them.

Don't worry if you are too busy i'm sure I can work it out.

Hi RollingStone,
I am verry sorry about posting this chart so late, it just slipped my mind. I've posted it below, so have a look.
Rockin' Tradin'
-Akash

[perching]

Hi Akash,

I only use one part of the Accelorator Osc, Ac hgm, neither the ACGreen or red AChgm. You should be able to setup the style of the line when you configure the osc.

Trades do come along one after another, you need to look at different time frames as well to see the established trend pattern. I look at a 15m, 30m, 1h,& 2h charts. I try to take 20 pips when I place a position on.

I changed the colors of the Stochastic Slow K so it would be easier to see.

Ed

[rollingstone]

Hi Perching,

3 questions if I may

- Do you wait for the close of the 15 minute "period" before placing your trade.

- Do you only take the trade if the indicators line up at that time, or do you still take it a bit later if one of them lags.

- Do you use default settings for the TS Line, which on my software is 9 period.

Oops, another one, do you find it easier using a line chart rather than candlesticks, or have you shown line chart as it is easier to see the cross.

Thanks in advance

[fxquest]

Originally Posted by Akash

Hi RollingStone,
I am verry sorry about posting this chart so late, it just slipped my mind. I've posted it below, so have a look.
Rockin' Tradin'
-Akash

Hi Akash,

The system seems to be working great when there is a clear trend. Last week is a good example. However, I believe that with out a clear "trend filter" ( clear criteria to decide if the current conditions are trendy enough for the system) the system will produce many false signals (this week is a good example).

Any ideas how this can be elegantly addressed?

[perching]

Hi Rollingstone,

I wait for trends to develop, I try not to define were a trend starts or stops.
Looking at my 2H, 1h, & 30 min charts helps determin were I enter the trade.
I also pay attention to the stochastic of the 2H chart to see if the trend has topped or bottomed; 90-100 topped, 10-0 bottomed.

Once the trend is established I wait for the three criteria to signal an alarm, then I look at the other charts and decide than. This is not a mechinical system, you need to verify your intentions by studying the other charts.

I reset my TS Line for 13 in Chart Studio.

I just started using the line chart insted of candles, seems easier viewing.

Ed