Peace Yo!
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Trading the heiken-ashi megapips system. 2 replies
DislikedJust discovered this thread yesterday, very easy to understand. Took 2 trades at midnight local time (-6gmt): E/J - buy @ 102.58, + 47 pips; E/A - buy @ 1.2318, closed with a -29 pips (very flat trend when entering and stayed that way.) Both on 4H charts. Thanks all, I hope to be a good contributer here and just have to learn how to post charts with comments.Ignored
DislikedJust a thought here. I hate adding more indicators than necessary and some people seem to be able to trade this fine and some seem to struggle. If you're struggling to know what is a trending market and what isn't you may want to consider adding a 50 simple moving average to the chart. Two moving averages make it a step clearer again to know when a chart is trending or not. I stress though, this is only if you feel you need it, you should be able to trade fine with just the 100 sma.Ignored
DislikedHugh, I've been looking at HA's for a while now but your application of the method is very clear and well presented. I've had a few successful trades since following your thread so am very happy. Thanks for the time, effort and clear explanations. Also thanks to the positive contributions from others.
OzefexIgnored
DislikedI am glad you brought it up as I was afraid to voice out since I don;t want to be disrespectful to your already wonderful system. I personally use 3 SMA.
mrluckystar,
Just my 2 cents since the 50SMA was brought up, the 50SMA was already flat when you enter the trade earlier so in my opinion.. the trend is getting weak and it might be hard to hit the 50 pips you were targeting. Looking at the direction now.. glad you got out at 1pip profit.
Ignored
Dislikedon that trade... the missing point is trend not clear....
cheers.Ignored
Dislikednice spot....
im with you this one (small lot)....
eu open at 1.3166..
gu open at 1.5713...
still waiting for H2 sign...
cheers.Ignored
Dislikedupdate1:
eu open at 1.3166... sl-50.
eu sell stop at 1.3145..
gu open at 1.5713... sl+1.
gu sell stop at 1.5673..
regards.Ignored