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Method of using Stochastic Oscillator Profitably

  • #341
  • May 12, 2017 6:27am May 12, 2017 6:27am
Quoting kofix11
{quote} Thanks. Does it mean you also waiting for a confirmation on the weekly?
The weekly showed bullish movement, but the daily refused to close above the upper band. It's not on my focus as far as am concerned
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  • #342
  • May 12, 2017 6:50am May 12, 2017 6:50am
Quoting 9jatrader
{quote} The weekly showed bullish movement, but the daily refused to close above the upper band. It's not on my focus as far as am concerned
I see. Many thanks!
  • #343
  • May 12, 2017 6:52am May 12, 2017 6:52am
Quoting kofix11
{quote} I see. Many thanks!
Ok
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 16.7%
  • #344
  • May 16, 2017 11:40am May 16, 2017 11:40am
Quoting 9jatrader
A point of note here. I could be bullish and bearish in one currency. Example am bullish in EURUSD, bearish EURGBP, bearish in USDCAD, bearish AUDUSD. I don't buy and sell one currency in one platform. I have more than twelve platforms for my backtest. And so, am not bullish in EURUSD and EURGBP in one platform.

EURUSD bulls let's celebrate
Make all mistakes in demo and rain in pips in live account
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  • #345
  • May 16, 2017 11:41am May 16, 2017 11:41am
Still confident with EURGBP short
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 16.7%
  • #346
  • May 16, 2017 5:01pm May 16, 2017 5:01pm
9jatrader, I'm long on EURGBP as off this morning based on your other method, this pair is meeting that criteria nicely.

All the best.
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #347
  • May 17, 2017 5:18am May 17, 2017 5:18am
Trade update

Quoting Ezzy
{quote} Trade update Missed my TP by 10 pips {image}
Missed my TP twice!!

Closed at BE + a few pips

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHFDaily.png Size: 22 KB
What you do is a reflection of you....what I do is a reflection of me.
  • #348
  • May 17, 2017 5:21am May 17, 2017 5:21am
Trade update

Quoting Ezzy
GBPJYP is looking promising, I'll post my chart when I get home tonight. Ezzy
Trade moved almost 200 pips in my favor, just missing my TP.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily.png Size: 29 KB
What you do is a reflection of you....what I do is a reflection of me.
  • #349
  • May 17, 2017 6:13pm May 17, 2017 6:13pm
Quoting Ezzy
Trade update {quote} Trade moved almost 200 pips in my favor, just missing my TP. {image}

Trade update

TP hit

TP may have been too early and this pair may go down a lot further, but I cant complaint with 240 pips

Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #350
  • May 18, 2017 1:14am May 18, 2017 1:14am
Good luck Ezzy
Make all mistakes in demo and rain in pips in live account
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  • #351
  • May 21, 2017 4:58am May 21, 2017 4:58am
AUDCHF long position triggered my SL. Continuation trade setup making it's way. Stochastic going oversold and price is already on a strong support zone. Any one that triggers SL I use it recover.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 16.7%
  • #352
  • May 21, 2017 5:07am May 21, 2017 5:07am
With about 90 pips to TP of about 380 pips on EURUSD I hope to move my take profit further- not greed but following weekly stochastic
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-d1v.png Size: 50 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 16.7%
  • #353
  • May 21, 2017 5:10am May 21, 2017 5:10am
I will be keeping my eagle eyes on 1.14472 strong weekly resistance
Make all mistakes in demo and rain in pips in live account
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  • #354
  • May 21, 2017 5:11am May 21, 2017 5:11am
Happy Sunday to you all.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 16.7%
  • #355
  • May 22, 2017 2:42am May 22, 2017 2:42am
Am yet to see the stochastic-based breakout trade that triggered SL. The great problem is that of keeping emotion while retesting strongly the broken S/R. Anyone that triggers I will report it here and share the lesson I have learned so far. Here are some of the positions: EURJPY long; EURCAD long; GBPCAD long; USDCAD long
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 16.7%
  • #356
  • Edited 6:17am May 22, 2017 2:45am | Edited 6:17am
Using stochs requires good SL. I have shared how to use the SL. Don't be too tight with SL
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 16.7%
  • #357
  • May 23, 2017 3:47am May 23, 2017 3:47am
Quoting Ezzy
9jatrader, I'm long on EURGBP as off this morning based on your other method, this pair is meeting that criteria nicely. All the best. Ezzy
Trade update

EURGBP doing well, based on 9jatrader's other strategy.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPDaily.png Size: 23 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPWeekly.png Size: 21 KB


Cheers
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #358
  • May 23, 2017 7:14am May 23, 2017 7:14am
Quoting Ezzy
{quote} Trade update EURGBP doing well, based on 9jatrader's other strategy. {image} {image} Cheers Ezzy
Good luck Ezzy. I got into bearish position with the strategy also, but the pair refused to trend down- so funny. Though SL not triggered yet because I always use the weekly candle that combined to make the setup. AUDCHF showing some bullish move, maybe signal the bearish move on EG
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 16.7%
  • #359
  • May 23, 2017 7:21am May 23, 2017 7:21am
Quoting 9jatrader
{quote} Good luck Ezzy. I got into bearish position with the strategy also, but the pair refused to trend down- so funny. Though SL not triggered yet because I always use the weekly candle that combined to make the setup. AUDCHF showing some bullish move, maybe signal the bearish move on EG
Thanks 9jatrader

A question about your system. Do you have any rules about closing trades in cases where you get an opposite signal for that pair.

Cheers
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #360
  • Edited May 24, 2017 1:16am May 23, 2017 7:22am | Edited May 24, 2017 1:16am
Hi Ezzy, you may be a wiser man here with your TP. The strategy made over 200 pips movement before retracement. Am still short in EG
Make all mistakes in demo and rain in pips in live account
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