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Method of using Stochastic Oscillator Profitably

  • #241
  • Apr 29, 2017 2:19pm Apr 29, 2017 2:19pm
Whatever you can share with your fellow traders, please do. Not criticism.
Make all mistakes in demo and rain in pips in live account
  • #242
  • Apr 30, 2017 4:36am Apr 30, 2017 4:36am
Quoting 9jatrader
EURCAD is also making a strong move base on stochastic. Hope the breakout would be nice and tantalizing
Regular divergence on H4 and D1 and 2 pinbars on H4 portruding BB squeeze, so the tendency is for the price action to go down this week.
  • #243
  • Apr 30, 2017 4:43am Apr 30, 2017 4:43am
Hi Fxenthusiast, You're very correct, possibly for continues retesting on the daily. The month closing strongly above the middle band, while the weekly closed above the upper band after a long time.
Make all mistakes in demo and rain in pips in live account
  • #244
  • Apr 30, 2017 4:47am Apr 30, 2017 4:47am
But on the daily, no signal
Make all mistakes in demo and rain in pips in live account
  • #245
  • Apr 30, 2017 8:48am Apr 30, 2017 8:48am
em with us, really appreciate your time and effort, grate job please continue with mentoring us, one question , Do you draw your support & Resistance line in daily? Weekly ? Or Montly chart ? I understood that you mostly operate in daily chart but its very imporant to know in wich time frame you draw your S/R lines.
Thanks in advance, greeting from Europe/ The Netherland.
ps- i also repleyd on your previeus thread, still waiting your answere. Thanks
Human beings are members of a whole, In creation of one essence and sol.
  • #246
  • May 1, 2017 6:46am May 1, 2017 6:46am
Hi 9jatrader

are there any trade setups today
  • #247
  • May 1, 2017 7:55am May 1, 2017 7:55am
Quoting MrRijk
em with us, really appreciate your time and effort, grate job please continue with mentoring us, one question , Do you draw your support & Resistance line in daily? Weekly ? Or Montly chart ? I understood that you mostly operate in daily chart but its very imporant to know in wich time frame you draw your S/R lines. Thanks in advance, greeting from Europe/ The Netherland. ps- i also repleyd on your previeus thread, still waiting your answere. Thanks
Thanks for your appreciation. Glad to have great people like you here. We would continue to share and learn from each other. When mistakes are made we can also learn from them and be sympathetic to one another instead of bully each other here.
I draw my support/resistance line on both daily and the weekly most of the time. I wait for price reaction and setup around the zone. On the monthly when price has reached the lowest/highest ever on the monthly I monitor the movement and look for a possible entry point on the daily. Greetings from Africa/Nigeria
Make all mistakes in demo and rain in pips in live account
  • #248
  • May 1, 2017 7:57am May 1, 2017 7:57am
Quoting hydmadhav
Hi 9jatrader are there any trade setups today
Market has not closed on the daily. I only take position on the daily
Make all mistakes in demo and rain in pips in live account
  • #249
  • May 2, 2017 1:55am May 2, 2017 1:55am
Doji candalestick was formed on the resistance on the awaited EURCAD
Make all mistakes in demo and rain in pips in live account
  • #250
  • May 2, 2017 1:56am May 2, 2017 1:56am
it's interesting that stochastic is still on overbought region, refusing to leave
Make all mistakes in demo and rain in pips in live account
  • #251
  • May 2, 2017 2:05pm May 2, 2017 2:05pm
I decided to join the bulls on EURCAD. GBPCAD and USDCAD already working- all based on stochastic
Make all mistakes in demo and rain in pips in live account
  • #252
  • May 2, 2017 5:36pm May 2, 2017 5:36pm
can someone tell me the bb settings plz
  • #253
  • Edited May 3, 2017 4:26am May 2, 2017 10:51pm | Edited May 3, 2017 4:26am
Quoting roddy321
can someone tell me the bb settings plz
Period: 20; Deviations: 2

Leave it the way you met it in MT4. The MT4 already has it's own settings
Make all mistakes in demo and rain in pips in live account
  • #254
  • May 3, 2017 5:36am May 3, 2017 5:36am
Not based on stochastic, but forming strong bearish engulfing again
Make all mistakes in demo and rain in pips in live account
  • #255
  • May 3, 2017 6:05am May 3, 2017 6:05am
Please am sincerely sorry. It's AUDCAD short.
Make all mistakes in demo and rain in pips in live account
  • #256
  • May 3, 2017 6:07am May 3, 2017 6:07am
To make it up, am sending the chart I got in in the first setup, 21st, March
Attached Image (click to enlarge)
Click to Enlarge Name: audcad b.png Size: 41 KB
Make all mistakes in demo and rain in pips in live account
  • #257
  • May 3, 2017 6:10am May 3, 2017 6:10am
It retraced strongly not near my TP, after about 300 pips down. Some traders are used to moving their SL to BE as soon as possible. I don't do it. Because I was taught not to. I would have been out by now at BE
Make all mistakes in demo and rain in pips in live account
  • #258
  • May 3, 2017 6:12am May 3, 2017 6:12am
Trust your system when price retraces. My TP is still down the road, about 600 pips
Make all mistakes in demo and rain in pips in live account
  • #259
  • May 3, 2017 6:15am May 3, 2017 6:15am
If market closes so well like the current movement, today's setup would even be stronger than the previous setup
Make all mistakes in demo and rain in pips in live account
  • #260
  • May 3, 2017 6:18am May 3, 2017 6:18am
The previous daily movement was obstructed by the middle band and formed strong hammer, having bullish body on the middle band
Make all mistakes in demo and rain in pips in live account
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