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Method of using Stochastic Oscillator Profitably

  • #401
  • Jun 2, 2017 1:10pm Jun 2, 2017 1:10pm
Quoting 9jatrader
Hi Ezzy, we're both on the same boat on AUDNDZ and NZDUSD. I remain bullish on USDCAD
please could you show us your bullish bias on USDCAD with chart?

Thank you
This is not investment/trading advise. Will not hold accountable for loss
  • #402
  • Jun 2, 2017 9:43pm Jun 2, 2017 9:43pm
Quoting Ezzy
My four trades open at the moment. {image} {image} {image} Lets see how they perform.....of interest, all four are continuation trades. Cheers Ezzy {image}
My audnzd reached TP

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


this is the reason why

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


Cheers Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #403
  • Jun 2, 2017 9:49pm Jun 2, 2017 9:49pm
Quoting Ezzy
My four trades open at the moment. {image} {image} {image} Lets see how they perform.....of interest, all four are continuation trades. Cheers Ezzy {image}
Trade updates

Dealing with some retracements, but patience will hopefully reward me, or stop me

I have a stop loss set for this one......as I am not as confident

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 26 KB


Here are the other two

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


Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily.png Size: 26 KB


Hope your trading is going well 9jatrader

Good luck everyone

Cheers
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #404
  • Jun 3, 2017 6:50am Jun 3, 2017 6:50am
Quoting Ezzy
{quote} My audnzd reached TP {image} this is the reason why {image} Cheers Ezzy
I close for the same reason, though on daily. I will be waiting for setup on the support, either bullish or bearish. Overall movement was impressive.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #405
  • Jun 3, 2017 6:53am Jun 3, 2017 6:53am
About AUDNZD, the daily stochs remained on oversold while the weekly is going to the oversold region. We might be waiting for anther explosive move- up or down
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #406
  • Jun 3, 2017 6:56am Jun 3, 2017 6:56am
Quoting Ezzy
{quote} Trade updates Dealing with some retracements, but patience will hopefully reward me, or stop me I have a stop loss set for this one......as I am not as confident {image} Here are the other two {image} {image} Hope your trading is going well 9jatrader Good luck everyone Cheers Ezzy
My trading is doing good, though still continues to learn from the unforgiving market
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #407
  • Edited 7:17am Jun 3, 2017 7:03am | Edited 7:17am
Quoting 9jatrader
{quote} The chart {image}
Hi Yousername, here is the analyses when and why I entered.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #408
  • Jun 3, 2017 7:10am Jun 3, 2017 7:10am
Quoting yousername
{quote} please could you show us your bullish bias on USDCAD with chart? Thank you
From the analyses you would see that I said my earlier long position was failure to break support while stochs was on oversold. During retracement, my SL was triggered and formed bullish movement on Fibonacci 50% and I had to join again
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadb.png Size: 46 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #409
  • Jun 3, 2017 7:19am Jun 3, 2017 7:19am
On NZDUSD long I will be closing around the recent resistance
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #410
  • Jun 3, 2017 7:21am Jun 3, 2017 7:21am
Quoting 9jatrader
{quote} From the analyses you would see that I said my earlier long position was failure to break support while stochs was on oversold. During retracement, my SL was triggered and formed bullish movement on Fibonacci 50% and I had to join again {image}
Thank you. This is interesting. Here's how I see it mate
I'd long if the price is able to break above those S/R colored in white. Or alternatively long when the price is able to close above the 4th leg/wave of the 5 waves move down colored in yellow.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadb (1).png Size: 33 KB
This is not investment/trading advise. Will not hold accountable for loss
  • #411
  • Jun 3, 2017 7:26am Jun 3, 2017 7:26am
Quoting yousername
{quote} Thank you. This is interesting. Here's how I see it mate I'd long if the price is able to break above those S/R colored in white. Or alternatively long when the price is able to close above the 4th leg/wave of the 5 waves move down colored in yellow. {image}
That white colour was the support it failed to break when I got in. That resistance is a great focus now, and it's really reacting to it. Am still expecting retracement because of the resistance
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #412
  • Jun 3, 2017 7:40am Jun 3, 2017 7:40am
Quoting 9jatrader
{quote} That white colour was the support it failed to break when I got in. That resistance is a great focus now, and it's really reacting to it. Am still expecting retracement because of the resistance
looking forward to next week with the USDCAD pair.
This is not investment/trading advise. Will not hold accountable for loss
  • #413
  • Jun 3, 2017 7:41am Jun 3, 2017 7:41am
Quoting yousername
{quote} looking forward to next week with the USDCAD pair.
Yes, me too
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #414
  • Jun 3, 2017 10:03am Jun 3, 2017 10:03am
CHFJPY still in focus
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  • #415
  • Jun 3, 2017 10:09am Jun 3, 2017 10:09am
The weekly chart will give us a better direction. The weekly and the daily testing the six month resistance, while the weekly stochastic remains on the overbought region.
Attached Image (click to enlarge)
Click to Enlarge Name: chfjpyh.png Size: 41 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #416
  • Jun 3, 2017 11:15am Jun 3, 2017 11:15am
Another pair in focus is AUDCHF- already made a short trade setup on the weekly chart. After last weekly Doji on ten months support, it broke it while stochs remain on the oversold region and still relaxing
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #417
  • Jun 3, 2017 11:19am Jun 3, 2017 11:19am
This ( AUDCHF ) is negatively correlated with EURAUD. When one goes up the other goes down. Hope this helps my EURCAD long also. I will be joining the bears on AUDCHF when market opens
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #418
  • Jun 3, 2017 11:21am Jun 3, 2017 11:21am
what about eurusd.?
  • #419
  • Jun 3, 2017 11:25am Jun 3, 2017 11:25am
Just wondering- the weekly stochastic on the daily makes more and reliable movement. Since the 26th February failed to break strong resistance while stochs was on overbought, it has made 485 pips down so far. Am using the same on GBPUSD short
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #420
  • Jun 3, 2017 11:29am Jun 3, 2017 11:29am
Quoting Ashwani
what about eurusd.?
I remain bearish until my SL is triggered. The bulls are giving the bears a good fight. There is no fresh setup, bullish or bearish now on EURUSD.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
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