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Method of using Stochastic Oscillator Profitably

  • #261
  • May 3, 2017 8:20am May 3, 2017 8:20am
I will be monitoring the middle band again on the weekly and see how price reacts. Hope it crashes below the middle band
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  • #262
  • May 3, 2017 8:21am May 3, 2017 8:21am
It's all about trade setup and not profit/loss
Make all mistakes in demo and rain in pips in live account
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  • #263
  • May 3, 2017 8:24am May 3, 2017 8:24am
Wish you happy trading
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #264
  • May 3, 2017 9:28am May 3, 2017 9:28am
ok thanks
  • #265
  • May 4, 2017 12:36am May 4, 2017 12:36am
Hi 9jatrader

Price rejection at overbought, and resistance level.

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What you do is a reflection of you....what I do is a reflection of me.
  • #266
  • May 4, 2017 12:56am May 4, 2017 12:56am
This one broke resistance and looks to be a continuation trade.

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Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #267
  • May 4, 2017 12:59am May 4, 2017 12:59am
And last one, another continuation trade. Lets see how all three progress. Any constructive feedback is always appreciated.

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Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #268
  • May 4, 2017 3:13am May 4, 2017 3:13am
Quoting Ezzy
Hi 9jatrader Price rejection at overbought, and resistance level. {image}
You got the strategy right
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #269
  • May 4, 2017 3:16am May 4, 2017 3:16am
How and why I did not share AUDCHF is so unclear to me. But I have it in my journal- really crashing down now. All about strategy and not profit/loss
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #270
  • May 4, 2017 3:19am May 4, 2017 3:19am
Quoting Ezzy
This one broke resistance and looks to be a continuation trade. {image} Ezzy
Am out of all JPY pairs for now. USDJPY has so many small resistance. This is termed "Choppy"
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #271
  • May 4, 2017 3:23am May 4, 2017 3:23am
Quoting Ezzy
And last one, another continuation trade. Lets see how all three progress. Any constructive feedback is always appreciated. {image} Ezzy
This one is really better than USDJPY. Monitor 148.163 resistance. The interesting is that stochastic remains on overbought. Nice to have you
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #272
  • May 4, 2017 3:25am May 4, 2017 3:25am
Hi Ezzi,
Is like you're using the 148.163 resistance as your take profit
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #273
  • May 4, 2017 3:32am May 4, 2017 3:32am
Hi 9jatrader

Yes, using next significant resistance for TP, using 1:1 RR at this stage, but may close it before end of week, dont like to hold trades during weekends.

What would your suggestions for TP and SL be.

Thanks
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #274
  • May 4, 2017 3:40am May 4, 2017 3:40am
Quoting Ezzy
Hi 9jatrader Yes, using next significant resistance for TP, using 1:1 RR at this stage, but may close it before end of week, dont like to hold trades during weekends. What would your suggestions for TP and SL be. Thanks Ezzy
You may stick to the plan. Sometime another trade setup is made around that TP, when stochastic is still on overbought
Make all mistakes in demo and rain in pips in live account
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  • #275
  • May 5, 2017 8:41am May 5, 2017 8:41am
EURJPY traders wait for trade- who would be in charge, bears or bulls. But stochastic is on overbought
Make all mistakes in demo and rain in pips in live account
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  • #276
  • May 5, 2017 8:43am May 5, 2017 8:43am
USDJPY is cared of weekly middle band
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #277
  • May 5, 2017 11:11am May 5, 2017 11:11am
If price continues like this in EURJPY I hope to be bullish before market close. Last weekly candle was even strong, strong hammer with bullish body above the middle band
Make all mistakes in demo and rain in pips in live account
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  • #278
  • May 5, 2017 11:12am May 5, 2017 11:12am
The daily closing, having long lower shadow. But how the market will finally close, time will tell
Make all mistakes in demo and rain in pips in live account
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  • #279
  • May 5, 2017 11:13am May 5, 2017 11:13am
Stochs still remain on the overbought region, inviting every bull
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #280
  • May 5, 2017 11:53am May 5, 2017 11:53am
Quoting Erebus
{quote} It doesn't need much for sure but we will require the settings that you use mainly, I expect Default of MT4 or did I see 8,3,3, in the other thread? Also, a few charts to keep interest going, but I have to ask, are you color blind? Just curious why those horrible green background charts, very unusual to see, especially for sharing and demonstrating. Trade Responsibly
Hehehehe....
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