?? The settings have been clearly presented twice by the thread starter in the first 8 pages of the thread.
Once on page 2, post #12 & again only 1 page back.
I did read all of the posts and when I initially set my stoch to 14, 3, 1 it didn’t coincide with the other charts shown as examples.
My confusion came with post #14.
I’ve gone back and reset them to 14, 3, 1 and it seems correct. Oops!
Thanks for the help.
On my chart it will give a buy signal soon. Two notes on your chart however; 1) the stochastic should be set to 14,3,1. You have it at 1,3,3 for some reason.
We draw the fibs from the lowest low before the EMA crossover to the highest after the crossover. So you have the high right, but the fib should move all the way down to the lowest low we see in the picture. As a result, your stop loss should be below that low and not where you have set it.
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I don’t mind it either.
Hi all,
just a short question regarding the stoch. Do we have to enter the trade after the two lines have crossed in oversold/overbought area, or do we have to wait until the lines have left the oversold/overbought area?
Thx.
Thanks. I went back and fixed the stoch after odds on’s reply and now I’ve fixed the Fib… Appreciate the help…
Just after the two lines have crossed lion.
You also need to revise the levels on the fibs and draw it from the top to the bottom, so that the 100 level is at the top. Then plot the 127.2 level, 161.8, 2, 2.618, 3, 3.618 and so on.
after the first great trades, right now i’m holding 3 losing trades…but the signals still seem to be alright, so i just stay in and see what happens…
the trades are CAD/JPY, NZD/JPY and AUD/JPY…all shorts…
hmm - by my charts the AUDJPY is in an Long (Upward) Bias - that’s on the 4 hour chart - maybe you’re trading a different timeframe.
yes, sorry…the trades are all on daily chart…
I’m also in…
When they crossover 
There is only one arrow there when the stochastic crossed over its MA, that is the arrow at the top.
Hey Mike, well I’m sure you have read all of my posts here. If you go back to why I said 4 hr was my favorite time frame, I said that using the daily TF could keep you in a trade for years.
Normally when you trade the daily you have to be ready to hold these trades for at least a month. You also have to trade them with extremely small position sizes because you’re stops would all the way above the highest point in each of the three pictures you said.
Personally, I’m long AUDJPY and NZDJPY. but I’m short CADJPY like yourself.
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hi philip,
yes, i read all your posts and i remember very well, that you said that…the setups just looked too good to be ignored when they occured 
the positions are small, 0.01 each…let’s just see how they play out…
normally i prefer the 4h TF or lower, as i generally don’t like to have my trades open for a long time…
how is your experience with your system at 15min and 1h TF?
[QUOTE=“Bobkat;685114”] I think that is a very good idea. I’m game…[/QUOTE]
I’m down as well
Ok there is a big problem with trading 1 hr and 15 minute trades, that are related to money management and not the pattern.
Basically I like to open a large number of trades at once. 12-15 trades across the forex pairs. With the 15 minute and 1hour this is impossible. I can’t go looking across 60 or 70 pairs every 15 minute and trade every opportunity I see. And since I can’t do that, I might get stuck in drawdown more than with the 4 HR trading.
You need to know that the success rate also goes down from 70% on the longer-time frame to 40-50% on the lower time frames. It’s still a winner since the reward to risk is phenomenal.
What you need to know though is that you will have to commit to only one or two pairs. Let’s say GBPUSD and USDCAD. You commit to trading only those two on the 1hr and 15 minute charts because you will get much more signals.
you are right…on lower TFs you will be limited to fewer pairs…i also saw that there are much more false signals…
4h TF is ok, maybe i will try 2h or 3h TF, might be still acceptable for money management…
i also like to have a lot of trades open, trying to diversify risk a little bit…