Finally the last EURAUD long triggered my SL

Simple and profitable trading style

Please all the UK traders should share their views on the link to FCA if they will here us.

FXOpen UK - true ECN/STP FCA-regulated broker

Am still riding NZDJPY long. No game changer, fundamentals or technical

Simple and profitable trading style

Even after moving away from the oversold area and makes a great bullish trade, middle pose a great challenge. Middle band always acts as a potential support/resistance. We can see it in EURAUD, long and USDCAD long i shared earlier.

Simple and profitable trading style

Just repeating what I have been saying: when the support is broken while the stochastic is still on oversold area then we have a bearish trade; failure to break the support, if while stochastic is moving away from oversold- moving above 20 and the ...

Simple and profitable trading style

As I have said before now when stochastic gets to oversold/overbought region and there is a support/resistance respectively, which ever the direction would be a great setup for us.

Simple and profitable trading style

Great lesson I have been learning from using the stochastic oscillator in trading. We learn every day. Am still monitoring USDCAD,long; EURAUD, long; and CADCHF, short. i will share them later, though am still in CADCHF short, and EURAUD long-in one ...

Simple and profitable trading style

When we know how to get in it's simple, though we may be hit by retracement and end up in loss in some positions.

Simple and profitable trading style

I love the statement/quotation of Albert Einstein, a renown Nuclear Physicist: "It's not that am so smart. It's just that I stay with problems longer" Staying with system long enough enables us to know the good and bad side. Am still staying with ...

Simple and profitable trading style

Staying with strategy in good and bad times is a priority. Stochastic has been really been doing good. It failed on EURAUD. It has a high success rate- USDJPY has been working and I shared the chart here.

Simple and profitable trading style

I lost out in EURAUD. stochastic setup was trapped around the middle band and was returned back

Simple and profitable trading style

Am out of AUDNZD long. It was a great movement in just two days. I never knew it would move so strong i would have increased lot size a bit. Great thanks to Mr Stochastic

Simple and profitable trading style

It would also be wise if reducing the minimum account deposit to $200 is part of protecting the inexperienced and new traders. Thank you for your information.

FXOpen UK - true ECN/STP FCA-regulated broker

There is already a nearby resistance on the weekly also

Simple and profitable trading style

I decided to check what the EURUSD is doing on the weekly and the monthly since the monthly had already closed two days ago. The monthly is strongly bullish after Doji candle was formed. The important thing about the monthly is that it's was formed ...

Simple and profitable trading style

EURUSD and AUDUSD are the pair on my radar base on stochastic. They're both going overbought. This is because they're strongly crrelated. I will be here when they get to trigger point. Am not sharing the charts now- not so necessary now.

Simple and profitable trading style

Wide target is not needed when trading ranging markets. I would have been out with profit by now on CADCHF short if I had set my target on the support. It continues to move around the new target my entry

Simple and profitable trading style

For the sake of repetition, just as stochastic can be used to follow trending market, it can be used to trade ranging market. Market ranges most of the time. This makes it so great for me.

Simple and profitable trading style

I have not tried it on 4hrs. Maybe I will backtest on 4hr for the purpose of my trading friends who prefer shorter TF

Simple and profitable trading style

So far so good on the stochastic trading on AUDNZD. Asian market ended so well.

Simple and profitable trading style