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Method of using Stochastic Oscillator Profitably

  • #301
  • May 8, 2017 7:46pm May 8, 2017 7:46pm
Quoting Ezzy
{quote} Progress on my current trades {image}
Update

Closed this one with some profit


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What you do is a reflection of you....what I do is a reflection of me.
  • #302
  • May 8, 2017 7:47pm May 8, 2017 7:47pm
Quoting Ezzy
{quote} Update on the GBPJPY trade {image}
Update

Trade closed, with nice profit

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What you do is a reflection of you....what I do is a reflection of me.
  • #303
  • May 8, 2017 7:49pm May 8, 2017 7:49pm
Quoting Ezzy
{quote} Progress update on this trade {image}
Update

Im letting this one run

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What you do is a reflection of you....what I do is a reflection of me.
  • #304
  • May 8, 2017 7:52pm May 8, 2017 7:52pm
New trade

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What you do is a reflection of you....what I do is a reflection of me.
  • #305
  • May 9, 2017 5:28am May 9, 2017 5:28am
This one is the next one on my radar.

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What you do is a reflection of you....what I do is a reflection of me.
  • #306
  • May 9, 2017 1:25pm May 9, 2017 1:25pm
Quoting Ezzy
This one is the next one on my radar. {image}
You're doing great. Am about 250 pips in this pair. Target still far- the previous recent weekly support. Keep it up. As time goes on Ezzy you would maximize your profit.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 19.4%
  • #307
  • May 9, 2017 1:27pm May 9, 2017 1:27pm
Quoting Ezzy
New trade {image}
I was able to catch this also. When strong hammer with lower band breakout is formed, it moves accordingly, especially around support
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 19.4%
  • #308
  • May 9, 2017 1:29pm May 9, 2017 1:29pm
Similarly, when strong shooting star is formed below/around strong resistance, we don't need too much analyses before getting in
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 19.4%
  • #309
  • May 9, 2017 1:31pm May 9, 2017 1:31pm
About 170 pips before target on AUDUSD. My AUDNZD short still going deep
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 19.4%
  • #310
  • May 9, 2017 1:32pm May 9, 2017 1:32pm
It's all about setup and strategy- not profit/loss
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 19.4%
  • #311
  • May 9, 2017 1:59pm May 9, 2017 1:59pm
Quoting 9jatrader
It's all about setup and strategy- not profit/loss
Your right!
Couldn't finde your settings on the Bollinger Band and exact settings on stoch. Can you upload a picture? Thanks!
  • #312
  • May 9, 2017 2:11pm May 9, 2017 2:11pm
Quoting kofix11
{quote} Your right! Couldn't finde your settings on the Bollinger Band and exact settings on stoch. Can you upload a picture? Thanks!
You don't need to change any settings. Just leave them the way you met, except you wish to change colour. Just my tip. I have one chart here. I wanted to reserve the chart until there is another trade setup. Stochastic is already going overbought and there is a nearby support to be broken. When broken I will not take more position, but gives my the gut to hold on to the position
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Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 19.4%
  • #313
  • May 9, 2017 9:50pm May 9, 2017 9:50pm
Quoting 9jatrader
{quote} You don't need to change any settings. Just leave them the way you met, except you wish to change colour. Just my tip. I have one chart here. I wanted to reserve the chart until there is another trade setup. Stochastic is already going overbought and there is a nearby support to be broken. When broken I will not take more position, but gives my the gut to hold on to the position {image}

Hope price breaks that support zone, it may also be a supply zone. It it doesn't, we may get a reversal trading opportunity.

Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #314
  • May 10, 2017 12:02am May 10, 2017 12:02am
Quoting 9jatrader
{quote} You don't need to change any settings. Just leave them the way you met, except you wish to change colour. Just my tip. I have one chart here. I wanted to reserve the chart until there is another trade setup. Stochastic is already going overbought and there is a nearby support to be broken. When broken I will not take more position, but gives my the gut to hold on to the position {image}
Not the same timezone = not the same chart = unable to setup the right indicator parameters. :-(
  • #315
  • May 10, 2017 12:18am May 10, 2017 12:18am
Quoting kofix11
{quote} Not the same timezone = not the same chart = unable to setup the right indicator parameters. :-(
Time zone has nothing to do with MT4. Is Switzerland not using the same time with UK? if it does Nigeria and your tie zone are the same because Nigeria and UK have the same time zone
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 19.4%
  • #316
  • May 10, 2017 12:18am May 10, 2017 12:18am
Quoting kofix11
{quote} Not the same timezone = not the same chart = unable to setup the right indicator parameters. :-(
Hi kofix

Perhaps I may be able to help you.

Setting up this chart is one of the easiest you will ever do.

So, add the bollinger bands to the chart. The settings should be (period 20, shift 0, deviation 2). In most cases this is a standard setting.

Do the same for the stochasc indicator. The settings should be (k 5, slow 3, D 3) My settings are slightly different, but I think you should start with the settings suggested by 9jatrader.

And thats it! For the purposes of the strategy presented in this thread, this is all you need, nothing else.

Cheers
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #317
  • May 10, 2017 12:31am May 10, 2017 12:31am
I have K 5, slowing 3. period 3 on Stochastic. Bollinger bands- period 20, shift 0 and deviations 2. Do we really neead to know all these. I never bothered knowing all these until I was asked about my settings. I just install indicators and start using them, except I need to change the colour
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 19.4%
  • #318
  • May 10, 2017 12:59am May 10, 2017 12:59am
9jatrader

I just wanted to say that I am really enjoying this style of trading, very simple, accessible via mobile phone, and longer time frames. It suits the way I trade.

Thanks for sharing your system.

Cheers
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #319
  • May 10, 2017 1:07am May 10, 2017 1:07am
Quoting Ezzy
9jatrader I just wanted to say that I am really enjoying this style of trading, very simple, accessible via mobile phone, and longer time frames. It suits the way I trade. Thanks for sharing your system. Cheers Ezzy
Thanks. We're moving together to success.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 19.4%
  • #320
  • May 10, 2017 11:10am May 10, 2017 11:10am
GBPJPY in focus, retesting five months resistance 147.029 while stochastic still remains on overbought region
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 19.4%
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