Stochastics

General topics about Forex trading

Re: Stochastics

Postby JimmyMac » Sun May 09, 2010 4:59 pm

You made a statement in your initial post & I quote:
Rom wrote:Stochastics on small cycles does not make your trading profitable.

I pulled you up over it & suggested that you were generalizing.
You weren't even addressing the guys primary point, instead veering off on some kind of strange & comical anti-day trading crusade :roll: :lol:

You then went on to make several other wild statements that you have yet to substantiate.

You then come back with this comical link spouting some half assed dribble that you expect intelligent folk to swallow?
What are you 12 f*ckin years old or something??

The fact you actually fall for all that horseshit isn’t particularly surprising, but don’t assume others are so gullible & naïve.





Rom wrote:Stochastics on small cycles does not make your trading profitable.
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Re: Stochastics

Postby goldtop » Mon May 10, 2010 1:41 am

What on earth are you babbling on about man.
From your second contribution on this thread you’ve somehow managed to steer it way off beam with your ridiculous rant that has absolutely no bearing on the original posters comments.

You’re ranting, & quite frankly it’s more than a little embarrassing to witness. :oops:

These two rather strange & cringe worthy comments alone speaks volumes about your depth of awareness out there;
Rom wrote:When you use stochastics you are guessing minor tops or bottoms.
Because these are minor movements they is likely to reflect some big player buying or selling. How can we know when some big player (single) are buying or selling? We cannot. Afterwards it is too late to know. So when price has reached a bottom, the big player may decide to sell while we are expecting him to buy. He can predict the masses, but the masses cannot predict him.

You need an edge like a news driver or a trend.

Let it go Jimmy. To be honest, I’m surprised you’ve given this strange little character as much time as this.
I think we all know where this is headed.
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LOL

Postby whipcrack » Mon May 10, 2010 3:15 am

How amusingly ironic.
You bang on about the supposed negative aspects of day trading & the associated inflated costs, & then proceed to quote a spammer who spends most of his time recommending systems (& flogging indicators) that major on ultra tight stop losses & incredibly small profit returns.

:lol: :lol:
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Re: Stochastics

Postby whipcrack » Mon May 10, 2010 3:26 am

Rom wrote:The example case I formulated to prove my point
[color=#0000FF]TP = 10 pips
SL = 10 pips
Winning rate = 60%
AvProfit = 6 pips
AvLoss = 4 pips9

Show me the post where Jimmy was advocating multi visits to a particular session, or where he recommended folks trade to those ridiculous variables you've just posted??

I agree with the previous 2 posters, you've steered this thread way, way off topic & directed it onto something that bears absolutely no resemblance to the original theme.

You are typical of the time wasting & irritating annoyances who unfortunately infest the trade forum world. It's guys like you who actively dissuade others from partaking & contributing.
You just can't refrain from "preaching & posturing"
It's so boring. :roll:
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Re: Stochastics

Postby whipcrack » Mon May 10, 2010 4:20 am

There you again, droning on & on about subject matter that's totally unrelated to the thread. :lol:
Re-read the 1st post on here & remind everyone where the subject of high frequency and/or casino style traders was mentioned.

You’ve obviously got a bee in your bonnet about high frequency trading & it’s related costs, god knows you bring it up on the forum often enough :lol: (which I will once again remind you has absolutely nothing to do with this thread).
Get over it already. We get that it's not your #1 treat ok??!!

Why don't you go lie down sweetie, you’re starting to shake :shock:
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Re: Stochastics

Postby shona123 » Mon May 10, 2010 5:41 am

Rom wrote:Create a seperate thread for that so everything is not messed up.

I can't imagine anyone would be desperate enough to enter into any type of prolonged communication or dialogue with the likes of you, would they?

I'm pretty sure Jimmy et al aren't that desperate for company on a trading forum.

Your attitude & general demeanor is very poor.
You're certainly not an effective communicator (probably a language limitation thing) & I definitely wouldn't voluntarily associate with your type in the real world, so I'm damned if I will in the virtual one.

You remind me of all the unsavory characters who recently stirred up trouble over at another forum by constantly infiltrating threads & bulldozing them off topic with ridiculous rants & demands.

I think you need to get out more.
Good luck with attempting to entice folks into your pointless discussions.
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Re: Stochastics

Postby Joe Whitehorse » Mon May 10, 2010 9:21 am

pikeysjnr wrote:I am wondering whether the set-up values for stochastic are specific to the time frame of the graph.
For example if i was trading using swing highs and lows and using stochastics and macd to buy into a trend would the values be the same for some one who was trading using a 30 minute chart and some one who was using the same methods on a 5 minute chart?

Simon,
The only settings I'm practically aware of in current market conditions are the ones used by a couple of the guys on the thread I started.
They use settings of 14:3:3 on a 5-minute chart to highlight potential opportunities in tandem with an hourly directional bias primer.
I believe Carll has experimented & tested various settings, & arrived at the conclusion that best suited his objectives.

You can alter the settings to offer a faster/slower hook & spread it across various timeframes if you like, & obviously that usage will be dependant on the type of results you're looking to achieve. If you haven't already done so, type the subject matter into your search browser & you'll be sure to get linked into one or two items of information that will maybe offer you a heads up.

Whenever I'm seeking a compromize on anything related to strategy configuration, I've often found the most effective results tend to shape up through trial & error! :wink:
Good luck in your quest.
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Re: Stochastics

Postby Joe Whitehorse » Mon May 10, 2010 9:33 am

Rom wrote: Remember, 95% of traders loose

Hello Rom,
I nearly always smile when I see that comment appear in various posts & threads around the forum world. It's a very misunderstood & slightly contentious quote.
Not wishing to pick holes in your spelling, but the phrase is spelt; "95% of traders lose" not loose. 2 very different meanings indeed :wink:

Having said that, I think it really ought to be re-phrased to;...
"95% of get-rich-quick merchants lose" when attempting to trade.

That statistic is hauled out every so often to help explain the inadequacies of new, often raw entrants to this business.

These get rich quick merchants, who the phrase actually refers to, are the same candidates that get lured into the various dodgy MLM schemes that do the rounds every now & again.
The same candidates who get conned by slick land & property salesmen who persuade them to pour large chunks of money into dodgy deals.
The same candidates who get ripped off by spurious franchise sellers & other dodgy money making opportunities.

They become attracted to trading (& Forex) by the same greedy promises that draw them in to any other falsely inflated, hard sell environment.

They usually however, share common traits.
They're generally woefully unprepared, totally (psychologically) unsuited to this type of endeavor & disastrously under funded.

They assume all they have to do is register on a forum (any forum), pick up the 1st sexy looking scalping system that catches their eye, demo it for a week & then slap a few hundred bucks down with a bucketshop broker & away they go to millionaire status in 2 years flat!

It never ceases to amaze me the ease & consistency in which money flows from the recklessly unprepared to the well drilled, adequately prepared participants.
Most of the time it’s as simple & effortless as shooting ducks in a barrel.
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Re: Stochastics

Postby pikeysjnr » Mon May 10, 2010 9:43 pm

Navajo Joe wrote:Simon,
The only settings I'm practically aware of in current market conditions are the ones used by a couple of the guys on the thread I started.
They use settings of 14:3:3 on a 5-minute chart to highlight potential opportunities in tandem with an hourly directional bias primer.
I believe Carll has experimented & tested various settings, & arrived at the conclusion that best suited his objectives.

You can alter the settings to offer a faster/slower hook & spread it across various timeframes if you like, & obviously that usage will be dependant on the type of results you're looking to achieve. If you haven't already done so, type the subject matter into your search browser & you'll be sure to get linked into one or two items of information that will maybe offer you a heads up.

Whenever I'm seeking a compromize on anything related to strategy configuration, I've often found the most effective results tend to shape up through trial & error! :wink:
Good luck in your quest.


Thanks for being the only person to actually attempt to answer my question, I appreciate it.

Simon
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Re: Stochastics

Postby KajolThappar » Thu Sep 23, 2010 1:47 pm

Many of the on line brokerage companies in the U S have such programs. Mine does. So I expect that there are brokerage firms in Hong Kong that do also. What you need to do is find out about the on line brokers in Hong Kong and what software they have available for your use. When you find a broker that provides what you are looking for transfer your account to that broker and begin trading.
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