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Method of using Stochastic Oscillator Profitably

  • #381
  • May 26, 2017 7:56am May 26, 2017 7:56am
EU continues to retest the resistance under which the bearish setup was made before crashing down.
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  • #382
  • May 26, 2017 2:05pm May 26, 2017 2:05pm
Quoting Ezzy
{quote} 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. {image} Ezzy
That's great
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  • #383
  • May 26, 2017 2:06pm May 26, 2017 2:06pm
AUDNZD short on two strategies.
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9jatrader All Time Return: -49.5%
  • #384
  • May 30, 2017 10:16am May 30, 2017 10:16am
Quoting 9jatrader
As I said before, GBPUSD and NZDUSD had the same bullish trade setup based on stochastic. But GBPUSD moved faster before it got to a resistance, while NZDUSD is trapped around middle band
NZDUSD picking up now.
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9jatrader All Time Return: -49.5%
  • #385
  • Edited May 31, 2017 4:47am May 30, 2017 1:57pm | Edited May 31, 2017 4:47am
NZDUSD closing above the upper band on daily while the weekly closing above the middle band- first strategy I have. but am not taking more position. It gives the guts to hold on to my long position that was based on stochastic
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  • #386
  • May 30, 2017 2:07pm May 30, 2017 2:07pm
EU ready to retest the strong resistance on the daily- hammer with bullish body being formed
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9jatrader All Time Return: -49.5%
  • #387
  • May 30, 2017 2:09pm May 30, 2017 2:09pm
I remain bearish on EU. I do not see game changer for now, until otherwise
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #388
  • May 30, 2017 2:23pm May 30, 2017 2:23pm
The resistance breakout will not be supported by stochastic on EU. Waiting patiently like patient dog
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #389
  • May 30, 2017 7:01pm May 30, 2017 7:01pm
Quoting 9jatrader
The resistance breakout will not be supported by stochastic on EU. Waiting patiently like patient dog
I believe that patience will pay dividens with this pair, it hate making predictions, but I am almost expecting a fake out to the top side before plumetting south.

Cheers
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #390
  • May 30, 2017 7:12pm May 30, 2017 7:12pm
I currently have four trades open, I'll post them when I get home later tonight.

Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #391
  • May 31, 2017 4:37am May 31, 2017 4:37am
Quoting Ezzy
{quote} I believe that patience will pay dividens with this pair, it hate making predictions, but I am almost expecting a fake out to the top side before plumetting south. Cheers Ezzy
That's what am also expecting- fakeout and will draw traders into bullish before ambush.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #392
  • May 31, 2017 4:51am May 31, 2017 4:51am
Quoting 9jatrader
NZDUSD closing above the upper band on daily while the weekly closing above the middle band- first strategy I have. but am not taking more position. It gives the guts to hold on to my long position that was based on stochastic
I finally decided to press the trade by taking one additional long position. This was because of the additional information on the chart- stochastic was still on the overbought region while price broke the local resistance 0.70509. I had to join with better lot. I might be wrong, but market is always right
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #393
  • May 31, 2017 4:53am May 31, 2017 4:53am
My four trades open at the moment.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 29 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily.png Size: 25 KB


Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDDaily.png Size: 24 KB


Lets see how they perform.....of interest, all four are continuation trades.

Cheers Ezzy
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily.png Size: 25 KB
What you do is a reflection of you....what I do is a reflection of me.
  • #394
  • May 31, 2017 4:56am May 31, 2017 4:56am
Hi Ezzy, we're both on the same boat on AUDNDZ and NZDUSD. I remain bullish on USDCAD
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9jatrader All Time Return: -49.5%
  • #395
  • Jun 1, 2017 11:31am Jun 1, 2017 11:31am
Quoting Ezzy
{quote} Trade update EURGBP doing well, based on 9jatrader's other strategy. {image} {image} Cheers Ezzy
Tweezer Tops are being formed on EURGBP right below 0.87708. I still remain bearish
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #396
  • Jun 1, 2017 3:51pm Jun 1, 2017 3:51pm
AUDNZD stochastic remains on the oversold region. I will be closing with the support and hope to re-enter if the support is broken while stochastic remains on the oversold
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #397
  • Edited 12:57pm Jun 2, 2017 4:32am | Edited 12:57pm
AUDNZD trending strongly, and so I decided to remove my TP from the support. This is because stochastic is right on the oversold region. I want to see how it reacts- breaking it or not
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #398
  • Jun 2, 2017 4:36am Jun 2, 2017 4:36am
To double account can really be challenging, I must confess. I hope I do it soon in some of the accounts, though not taking unnecessary risk with my micro accounts- $500, $200 and $100
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #399
  • Jun 2, 2017 4:47am Jun 2, 2017 4:47am
I will repeat here again and will that stochastic has been making more setups than the other strategy possibly because there are breakouts here and there. I may not have taken all because of the running positions. Am scared of retracement. And so scared of overtrading
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #400
  • Jun 2, 2017 12:56pm Jun 2, 2017 12:56pm
Quoting 9jatrader
AUDNZD trending strongly, and so I decided to remove my TP from the support. This is because stochastic is right on the oversold region. I want to see how it reacts- breaking it or not
I have finally closed my AUDNZD short. It was very great movement. It's around seven month support and stochastic is still right on the oversold region. Hope to get in which ever the direction as long as stochs is involved
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
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