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Method of using Stochastic Oscillator Profitably

  • #601
  • Apr 29, 2018 2:00am Apr 29, 2018 2:00am
Quoting 9jatrader
{quote} Not all S/R are S/R. I mean it. I mean "I visible" S/R when I say visible S/R.
I think I get your point wrt this; B should have been more preferable to A. It is more obvious.
Thanks for your kind guidance
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Click to Enlarge Name: GOLD_SR.png Size: 26 KB
  • #602
  • Apr 29, 2018 5:46am Apr 29, 2018 5:46am
Quoting jeffokes
{quote} The flips:- A => It acted as Resistance B => It acted as Support C = It acted as Suppoer and D => it is actually a Round Number Again I am still learning if you have any insight wrt the kinds of SR created by Big Boys in the market it will be helpful to provide a little guide. Sorry of bordering too much {image}
There was even a support between B and C. There were many S/R too close to each other and never knew which one market would respond to. That is the reason I said some are choppy.
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  • #603
  • Apr 29, 2018 5:50am Apr 29, 2018 5:50am
Quoting jeffokes
{quote} I think I get your point wrt this; B should have been more preferable to A. It is more obvious. Thanks for your kind guidance {image}
Ok. When we go through our charts we would notice that some S/R levels are so clear and I feel more comfortable with them.
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  • #604
  • Apr 29, 2018 5:57am Apr 29, 2018 5:57am
Nobody is bordering me because he/she asks questions. We are all learning together. I have seen many occasions when readers here and the other thread helped to answer some questions even before I came online.
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  • #605
  • May 1, 2018 10:16am May 1, 2018 10:16am
Quoting 9jatrader
Just found that there had been consolidation support breakout while stochastic remains on the oversold region on NZDUSD . It's also supported by the weekly middle band and daily lower band closed candle. I hope it hits 254 pips {image}
NZDUSD -stochastic supported breakout seems valid now as it goes down.
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  • #606
  • May 2, 2018 8:40am May 2, 2018 8:40am
How will the resistance level, 1.00393 respond to the strong bullish movement. Stochastic already on the overbought region. Would the be breakout while Mr Stochs remains on the zone? On my side am running away first with the 365 pips and see the outcome of the breakout

It has high probability of breakout because the correlated pair, EURUSD just started its strong trend by breaking out of ranging
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Click to Enlarge Name: usdchf.png Size: 55 KB
Make all mistakes in demo and rain in pips in live account
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  • #607
  • May 2, 2018 5:41pm May 2, 2018 5:41pm
Quoting jeffokes
Am I getting this correctly? I mean is this trade correct based on the system? {image}
Been squeezing it out of Gold for a few days now. Watching to see what happens at the next support to decide to either add or pack up the trade (probably taking a reversal trade). The current inverted pin bar does not deter me much due to the fact that it was largely as a result of the news from US today, so I am holding my position especially given the weekly tf encouraging PA (and BB is squeezing there as well)
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  • #608
  • May 2, 2018 6:57pm May 2, 2018 6:57pm
Quoting jeffokes
{quote} Been squeezing it out of Gold for a few days now. Watching to see what happens at the next support to decide to either add or pack up the trade (probably taking a reversal trade). The current inverted pin bar does not deter me much due to the fact that it was largely as a result of the news from US today, so I am holding my position especially given the weekly tf encouraging PA (and BB is squeezing there as well) {image} {image}
Gold is going down. It is positively correlated with EURUSD, AUDUSD and negatively correlated with USDCHF
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  • #609
  • May 2, 2018 7:06pm May 2, 2018 7:06pm
EURUSD and Gold forms same setup sometimes. They formed same Bollinger Bands Squeeze and have broken out of the same period. EURUSD gown 260 pips now
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Click to Enlarge Name: eurusdyy.png Size: 52 KB
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  • #610
  • May 3, 2018 9:34pm May 3, 2018 9:34pm
CHFJPY is a near perfect beauty !!!
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  • #611
  • May 4, 2018 2:15am May 4, 2018 2:15am
Quoting jeffokes
CHFJPY is a near perfect beauty !!! {image} {image}
You caught this move. Good luck
Make all mistakes in demo and rain in pips in live account
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  • #612
  • Edited 4:39am May 4, 2018 2:26am | Edited 4:39am
USDCHF continues resting on the overbought region, weekly and daily. How will the resistance breakout be? But the correlated pair, EURUSD still crashing. Any bullish move on EURUSD could be fake- nothing but fake bullish move
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  • #613
  • May 7, 2018 1:21am May 7, 2018 1:21am
Quoting 9jatrader
USDCHF continues resting on the overbought region, weekly and daily. How will the resistance breakout be? But the correlated pair, EURUSD still crashing. Any bullish move on EURUSD could be fake- nothing but fake bullish move
Mr stochs still remains on the overbought on USDCHF
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  • #614
  • Jun 6, 2018 12:11pm Jun 6, 2018 12:11pm
Stochastic traders I have this- AUDJPY
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Make all mistakes in demo and rain in pips in live account
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  • #615
  • Jun 8, 2018 1:43am Jun 8, 2018 1:43am
Quoting 9jatrader
Stochastic traders I have this- AUDJPY {image}
Bearish Engulfing was formed below it and have to close the long position and scalp 137 pips ranging movement

I have to close my NZDJPY long also because of correlation
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  • #616
  • Jun 18, 2018 11:46am Jun 18, 2018 11:46am
Quoting 9jatrader
Stochastic traders I have this- AUDJPY {image}

Just closed my short, 130 pips scalping on AUDJPY
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #617
  • Jun 18, 2018 11:52am Jun 18, 2018 11:52am
Quoting 9jatrader
{quote} Bearish Engulfing was formed below it and have to close the long position and scalp 137 pips ranging movement I have to close my NZDJPY long also because of correlation
NZDJPY triggered my sl before bearish again
Make all mistakes in demo and rain in pips in live account
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  • #618
  • Aug 6, 2018 2:46pm Aug 6, 2018 2:46pm
Stochastic is already on overbought region on AUDNZD
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  • #619
  • Aug 6, 2018 2:56pm Aug 6, 2018 2:56pm
It's been long we have Stochastic-based setup. Waiting either direction at the resistance, 1.09899
Make all mistakes in demo and rain in pips in live account
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  • #620
  • Aug 6, 2018 8:18pm Aug 6, 2018 8:18pm
Quoting 9jatrader
{quote} Just closed my short, 130 pips scalping on AUDJPY
Been following you..GREAT stuff
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