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Method of using Stochastic Oscillator Profitably

  • #461
  • Jun 14, 2017 5:19am Jun 14, 2017 5:19am
Quoting 9jatrader
{quote} Ezzy we're waiting. Focusing Mr Stochastic made USDCAD short trade to escape me. It was based on the other strategy. The weekly was closing below the middle band while the daily closed below the lower band two days ago. It's already over 120 pips and too late for me. I will be waiting around the strong support.

Its a great system 9jatrader.

I for one, am very grateful that you shared it with us.

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cheers
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #462
  • Jun 14, 2017 5:26am Jun 14, 2017 5:26am
Time for me to move on.

Good luck everyone.

Thanks for sharing 9jatrader.

Cheers
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #463
  • Jun 14, 2017 5:28am Jun 14, 2017 5:28am
Quoting Ezzy
{quote} Its a great system 9jatrader. I for one, am very grateful that you shared it with us. {image} cheers Ezzy
I learned everything about Forex trading free of charge and am glad to share my backtesting with anyone.
Ezzy you're really great in your trading. Am glad to have you here. You rain in enough pips with GBPJPY positions.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #464
  • Jun 14, 2017 5:33am Jun 14, 2017 5:33am
Quoting Ezzy
Time for me to move on. Good luck everyone. Thanks for sharing 9jatrader. Cheers Ezzy
Thank you too.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #465
  • Jun 14, 2017 5:51am Jun 14, 2017 5:51am
We should be expecting setup soon on NZDUSD. Either a continuation trade setup or a reversal. Why? Stochastic is already on overbought region. Whichever direction we follow. Am already out on my bullish position-fear. It was a great move
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #466
  • Jun 14, 2017 6:01am Jun 14, 2017 6:01am
I was lucky to catch the move on NZDUSD with the combination of the two strategies
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #467
  • Jun 14, 2017 7:56am Jun 14, 2017 7:56am
AUDCAD is ranging and it's risky having wider target. I have adjusted my TP to the recent support, 293 pips. I hope to get soon.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #468
  • Jun 15, 2017 4:33am Jun 15, 2017 4:33am
Strong Pinbar on USDCAD. How far will it go? Additional information on this pair is that it was formed on/around support, 1.32176. Am already in. Market will finally decide if am wrong on right.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #469
  • Jun 15, 2017 4:38am Jun 15, 2017 4:38am
I have often asked why the some Pinbar setup failed me in the past. And so have been backchecking some of them. My conclusion is the ones that have high success rate were the ones that were formed on support. Opposite is the shooting star setup- for bearish movement
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #470
  • Jun 15, 2017 4:42am Jun 15, 2017 4:42am
The recent date where it was support was 11th and 12 April, 2017. It took it to over 500 pips before the recent bearish movement. I hope to get out with the resistance.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #471
  • Jun 15, 2017 4:47am Jun 15, 2017 4:47am
EURAUD short, AUDCHF long, AUDNZD long just picking up. As I always say, they are not on the same platform. It's all about strategy and setup
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #472
  • Jun 15, 2017 5:29am Jun 15, 2017 5:29am
Let me repeat here that I could be short and long in one currency. I have said it in the past and am saying again. For example I have been in a short position in EURUSD; yesterday I enter long on USDCAD. It means that am both bullish and bearish USD. I don't place them on one platform. It's just backtesting
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #473
  • Jun 15, 2017 5:49am Jun 15, 2017 5:49am
EURUSD forming bollinger bands squeeze around the resistance it has formed before the US Presidential election. I hope it finally crashes down as it did after the result was released.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #474
  • Jun 15, 2017 5:58am Jun 15, 2017 5:58am
Am working on maximizing profit using Pending Orders. That's by taking from the profits in a running position and increase a bit the lot size in a new position.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #475
  • Jun 15, 2017 6:01am Jun 15, 2017 6:01am
It worked so well in my last NZDUSD long before I closed them. Am using it again in the USDCAD long position. I already have additional positions waiting, using Buy Stop Order and increased lot size. Happy trading
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #476
  • Jun 15, 2017 3:34pm Jun 15, 2017 3:34pm
Grave stone Doji candle on AUDUSD. I have been in this pair for such a long time now- since 3rd of March. So bad. We may see NZDUSD crashing soon. They are correlated.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #477
  • Jun 16, 2017 12:47am Jun 16, 2017 12:47am
Strong Bearish Engulfing around resistance 1.72268 on NZDUSD. Stochastic has failed to break any resistance while it was on overbought region. The main and the signal had crossed each other and left overbought region.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #478
  • Jun 16, 2017 3:31am Jun 16, 2017 3:31am
Not too long ago I said CHFJPY is on my radar. There was a Piercing Line Pathern formed by yesterday and a day before candles.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #479
  • Jun 16, 2017 3:32am Jun 16, 2017 3:32am
But am scared of 114.952 that has been a stiff resistance. Maybe I will trade the breakout
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.5%
  • #480
  • Jun 16, 2017 4:08am Jun 16, 2017 4:08am
@9jatrader could you please clarify how many currency pairs are you using for these strategy? Some particular or it doesn't matter?
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