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Method of using Stochastic Oscillator Profitably

  • #421
  • Jun 3, 2017 11:36am Jun 3, 2017 11:36am
If the EURUSD SL is triggered, no problem. I will use the weekly stochastic to get in and recover. The weekly stochastic is already on the overbought region right now.
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  • #422
  • Jun 5, 2017 10:03am Jun 5, 2017 10:03am
AUDNZD climbing again above 1.03596 support. This support previously took the movement to over 600 pips
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  • #423
  • Jun 5, 2017 10:11am Jun 5, 2017 10:11am
AUDNZD bulls, you're welcome. I might be wrong sometimes and my SL gets triggered, but market is always right
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9jatrader All Time Return: 16.7%
  • #424
  • Jun 6, 2017 6:21am Jun 6, 2017 6:21am
Quoting 9jatrader
On NZDUSD long I will be closing around the recent resistance
Though it's scared of closing above the upper band it's still performing so well.
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9jatrader All Time Return: 16.7%
  • #425
  • Jun 6, 2017 6:27am Jun 6, 2017 6:27am
It's easier to catch up movement if we followed it down when it was coming down. We remain more focus on it when the setup is made. When I close the NZDUSD long I will be expecting bearish movement on the weekly and the daily strong resistance. Also stochs and the weekly is strongly moving upward. I hope to track it.
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  • #426
  • Jun 7, 2017 2:08am Jun 7, 2017 2:08am
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

Trade updates

Fortunately for me, this one is moving in the direction of the daily stochs....took a bit of retracement pain, but hopefully it will continue on its move south.

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



Next two are going nicely, I have set my take profit already

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



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



Any one trading GBP pairs, be aware of the upcoming UK elections.

Good luck everyone.

Cheers
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #427
  • Jun 8, 2017 3:15pm Jun 8, 2017 3:15pm
Quoting Ezzy
{quote} Trade updates Fortunately for me, this one is moving in the direction of the daily stochs....took a bit of retracement pain, but hopefully it will continue on its move south. {image} Next two are going nicely, I have set my take profit already {image} {image} Any one trading GBP pairs, be aware of the upcoming UK elections. Good luck everyone. Cheers Ezzy
Whoever wins the GBP setup will follow the direction of the trade that had already been formed. US election has taught me that.
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  • #428
  • Jun 8, 2017 3:19pm Jun 8, 2017 3:19pm
EG making bearish movement from five psychological resistance. No SL triggered yet- I remain bearish
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  • #429
  • Jun 8, 2017 3:36pm Jun 8, 2017 3:36pm
NZDUSD getting so close to my exit. Am expecting a short trade around 0.73166
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdu.png Size: 47 KB
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  • #430
  • Jun 8, 2017 3:39pm Jun 8, 2017 3:39pm
That resistance is one year strong weekly resistance. I will not hesitate to join the bears there.
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  • #431
  • Jun 8, 2017 3:41pm Jun 8, 2017 3:41pm
While the daily stochastic is already on overbought region the weekly stochs is going overbought. Explosive trade being expected
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  • #432
  • Jun 8, 2017 5:40pm Jun 8, 2017 5:40pm
EG just triggered my sl
Make all mistakes in demo and rain in pips in live account
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  • #433
  • Jun 8, 2017 5:47pm Jun 8, 2017 5:47pm
Any pair that triggers my sl I use it to recover also
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  • #434
  • Jun 8, 2017 5:50pm Jun 8, 2017 5:50pm
Weekly stochs is already on overbought region and hope to use it to get in
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 16.7%
  • #435
  • Jun 8, 2017 5:52pm Jun 8, 2017 5:52pm
Hi 9jatrader

Yeah, I saw the move on EG, I wasnt on that trade. But the GBP move helped my GBPYPY hit my TP.

Im still dancing with USDCAD, its not too far from my SL.

NZDUSD still going well.

I'll post some charts on the weekend.

Have a good day 9jatrader, happy trading everyone.

Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #436
  • Jun 8, 2017 6:59pm Jun 8, 2017 6:59pm
Quoting Ezzy
Hi 9jatrader Yeah, I saw the move on EG, I wasnt on that trade. But the GBP move helped my GBPYPY hit my TP. Im still dancing with USDCAD, its not too far from my SL. NZDUSD still going well. I'll post some charts on the weekend. Have a good day 9jatrader, happy trading everyone. Ezzy
Congrats on your GBPJPY. I remain bullish on USDCAD. NZDUSD may move sideways soon. If it does I will close manually and run with my profits
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  • #437
  • Jun 9, 2017 2:30pm Jun 9, 2017 2:30pm
AUDCHF so funny. Last weekly broke support while stochastic was on oversold, the current weekly is forming a strong counter setup- strong Piercing Line, supported by lower band breakout.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 16.7%
  • #438
  • Jun 10, 2017 2:17pm Jun 10, 2017 2:17pm
Quoting 9jatrader
AUDCHF so funny. Last weekly broke support while stochastic was on oversold, the current weekly is forming a strong counter setup- strong Piercing Line, supported by lower band breakout.
Here is the chart; this could pose a threat on EURAUD bulls. The weekly bearish setup could be on the move
Attached Image (click to enlarge)
Click to Enlarge Name: audchfb.png Size: 53 KB
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  • #439
  • Jun 11, 2017 4:31am Jun 11, 2017 4:31am
Quoting 9jatrader
AUDCHF so funny. Last weekly broke support while stochastic was on oversold, the current weekly is forming a strong counter setup- strong Piercing Line, supported by lower band breakout.
EURAUD also formed setup around a resistance level 1.51002 - 1.53256. On this level was formed a strong Shooting Star on 7th December, 2014. I hope to join. It's all about strategy and not profit/loss. I might be wrong/right sometimes, but market is always right
Attached Image (click to enlarge)
Click to Enlarge Name: euraudb.png Size: 60 KB
Make all mistakes in demo and rain in pips in live account
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  • #440
  • Jun 11, 2017 4:36am Jun 11, 2017 4:36am
This is where our information and knowledge about correlation can be rewarding. When one forms strong setup the other one also forms
Make all mistakes in demo and rain in pips in live account
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