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Method of using Stochastic Oscillator Profitably

  • #361
  • May 23, 2017 7:26am May 23, 2017 7:26am
Quoting Ezzy
{quote} 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
Yea I monitor or get out with the recent weekly S/R. That's for bullish position I use the most recent weekly resistance either to get out or wait and see how it reacts to it. Opposite is the case with bearish position. I use the recent weekly support to either get out or wait and see
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #362
  • May 23, 2017 7:57am May 23, 2017 7:57am
Problem with Stochs- GBPAUD and GBPCAD coming strongly to retest the broken resistance
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #363
  • May 23, 2017 5:34pm May 23, 2017 5:34pm
Am out USDCHF short, only 242 pips- at least not loss. i closed because stochastic already leaving overbought and price could not break any support while on daily. Besides it's a great support on weekly
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #364
  • Edited 7:28pm May 23, 2017 6:17pm | Edited 7:28pm
Closing my EU bulls; hope to return. The last bearish engulfing with upper band breakout is scary for me. Also am scared of 1.12521 resistance, not broken since September 2016. Bye EURUSD for now.

Am already bearish. The trade setup was really tantalizing. I can't miss this. I might be wrong, Mother Market is always right
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #365
  • Edited May 24, 2017 1:12am May 23, 2017 7:32pm | Edited May 24, 2017 1:12am
So many information gave me the gut filling to be bearish on EU. The USDCHF, its correlated pair failed to break support and the main and signal already converged and are leaving the oversold. The level I pointed out earlier on EU even acted as a resistance during the US presidential election. It was also a resistance on the bollinger bands squeeze before the election
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #366
  • May 24, 2017 1:17am May 24, 2017 1:17am
Quoting 9jatrader
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
Yesterday's shooting star may possibly help my EG short
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #367
  • May 25, 2017 2:50pm May 25, 2017 2:50pm
Quoting 9jatrader
I decided to join the bull on USDCAD already working- all based on stochastic
USDCAD triggered my SL during retracement and forming consolidation on Fibonacci 50.0%. Am already in again. Retracement is a problem with any strategy
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #368
  • May 25, 2017 4:20pm May 25, 2017 4:20pm
Quoting 9jatrader
{quote} USDCAD triggered my SL during retracement and forming consolidation on Fibonacci 50.0%. Am already in again. Retracement is a problem with any strategy
The chart
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadb.png Size: 45 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #369
  • May 25, 2017 4:21pm May 25, 2017 4:21pm
No TP for now
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #370
  • May 25, 2017 4:52pm May 25, 2017 4:52pm
CHFJPY is another pair on the radar. It's currently retesting five month resistance while stochs going overbought
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #371
  • May 25, 2017 4:57pm May 25, 2017 4:57pm
Good night.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #372
  • May 26, 2017 1:58am May 26, 2017 1:58am
Quoting Ezzy
{quote} Trade update EURGBP doing well, based on 9jatrader's other strategy. {image} {image} Cheers Ezzy
Trade update

After sustaining a retrace, the pair is now moving higher.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPDaily.png Size: 30 KB


This trade is based on 9jatrader's other strategy.

Cheers
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #373
  • May 26, 2017 1:59am May 26, 2017 1:59am
I might close this trade tonight, as I get a bit edgy at times when I leave trades open over the weekend.
What you do is a reflection of you....what I do is a reflection of me.
  • #374
  • May 26, 2017 2:03am May 26, 2017 2:03am
Quoting 9jatrader
{quote} The chart {image}

I am short on this pair, currently in the red, but I am optimistic about it

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 28 KB


Time will tell.

Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #375
  • May 26, 2017 2:18am May 26, 2017 2:18am
Quoting Ezzy
{quote} I am short on this pair, currently in the red, but I am optimistic about it {image} Time will tell. Ezzy
I wish you good luck. I hope the bulls take control from Fibo 50%
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #376
  • May 26, 2017 2:27am May 26, 2017 2:27am
It's very important we have confidence in whatever system we use
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #377
  • May 26, 2017 2:34am May 26, 2017 2:34am
I ran away with my profits on AUDNZD short. It's currently breaking support while stochs is on oversold region. I was scared yesterday and have to close the positions
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #378
  • May 26, 2017 6:05am May 26, 2017 6:05am
Quoting Ezzy
{quote} Trade update After sustaining a retrace, the pair is now moving higher. {image} This trade is based on 9jatrader's other strategy. Cheers Ezzy

I adjusted my stop loss as we approach the weekend, and got stopped out......shame, as its still on its way to my initial TP.

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



Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #379
  • May 26, 2017 7:52am May 26, 2017 7:52am
AUDNZD continues making a continuation short trade setup. If it closes well it would form short trade setup based on the two strategy I have- stochastic; the weekly closing below the middle band and the daily closing below lower band. Happy trading
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #380
  • May 26, 2017 7:53am May 26, 2017 7:53am
if possible I will be in again before market close. I got out yesterday, though with profit, I never knew it would break the support-though hours before market close
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
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