I just wish my CADCHF profit taking triggers soon/this week

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If we're using it in a ranging market we don't set big target/take profit as with trending market. I use the near support/resistance to get out and run with my profits.

Simple and profitable trading style

We could see that this pair is not trending right now. As I have said before now stochastic can be used in s ranging market, while you're riding also a pair that's trending. Great indicator. As a reminder we cannot use it to fight strong trending ...

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I was filled at a very wrong price. I got in early. You would see the little/few pips between the last closed price and when I was filled- Brokers

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May be better chart

Simple and profitable trading style

I have said it and have no option than to join the bulls. This is because the bears failed to break the support while stochastic was oversold. Also the pinbar doji, though had upper shadow, was able to close with small bullish body. When stochastic ...

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I see this indicator a very interesting and powerful tool.

Simple and profitable trading style

The interesting thing about stochastic oversold/overbought is that it makes setup- bullish and bearish at the level we monitor. If any bullish candle shows up, especially when the stochastic crossed above the 20 we might have bullish trade.

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What a quick game changer- AUDNZD formed doji less than two hours to market close. Forex

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When market has been moving sideways for a long time if it succeeds to close below the lower band it shows its readiness to be bearish. Am still on AUDNZD short setup. Opposite is the case with bullish trade. When market has been moving sideways for ...

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The additional interesting thing about the AUDNZD short is the fact that it has also broken the descending support also, having long upper shadow.

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EURAUD long is gradually taking shape- power of patience. It was based on stochastic oscillator. AUDNZD has broken support level while stochastic is on oversold, though we still have few hours to the end of today's market close.

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EURGBP long: As I have said before now when the SL is triggered during retracement based on this strategy don't worry. Monitor the movement and get it using the lower band rejection- for bullish trade. SL was triggered on this pair. Candles have ...

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BOJ will be giving its monetary policy this Tuesday. I hope this will create another continuation setup on on NZDJPY

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I may possibly add position here if the breakout is impressive

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NZDJPY now on overbought, waiting for resistance breakout, the blue mark

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I wish you all happy new trading week. I will not be taking any position. I already have positions- NZDJPY long; EURAUD long; CADCHF short.

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The reason for bullish trade is the fact that moving averages are already converging. If bullish candle is formed and the stochastic has moved out of the oversold there would be more confirmation - stochastic most have moved out the oversold region

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I have an example of AUDNZD. The stochastic is already on oversold region, below 20. As you can see, the bears find it difficult to break the support and a Doji candle has been formed. If we can get bullish candle around the area we can have bullish ...

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What I mean is that when stochastic is on oversold/overbought region and there is support/resistance to be broken, which ever the direction will make setup for us. I will give an example, though I have given many examples on stochastic trading

Simple and profitable trading style