Eurusd just pulling away now. Gbpjpy doing better.
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Trading with Heiken Ashi and Heiken Ashi smoothed - Hybrid 361 replies
Heiken Ashi and Heiken Ashi Smoothed EA needed for Renko 11 replies
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Trading the heiken-ashi megapips system. 2 replies
DislikedHi Everybody!
I am a new member of this discussion. First of all I have to say thank you for you guys to share your knowledge and experiences. I am interested in your system and I started to practice on a demo account. This morning I noticed a possible buy entry situation.
Please check the attached chart of Apple. What do you think? Is it a good chance to buy?
By the way, can you tell me please how can I paste the picture in my post? At the moment I can only attach the picture.
Thank you!Ignored
DislikedHi Hugh,
I just came across your interesting thread. I would like to ask if you usually check upper timeframe weekly and month before daily trades are considered.
GBPCHF daily for example actually has a monthly resistance running across it. Would this trade be considered or would you stay out in this case. From the looks of it this particular setup worked out in the end. I am just not sure if it was a lucky trade.
Thanks.Ignored
DislikedIf I understand this strategy correctly, USDCAD is setting up for a short opportunity soon. Now we wait for 1H to trace back to perhaps where the arrow is and wait for stot to cross down and henki to change color?Ignored
DislikedThanks Hugh. I saw your post on EURUSD but I was "afaird" to trade it because of the weekly resistance just above it. But I can see it does has room for at least 50pips which it why I wonder if higher timeframe support and resistance is taken into consideration as welll.
ThanksIgnored
DislikedIf I understand this strategy correctly, USDCAD is setting up for a short opportunity soon. Now we wait for 1H to trace back to perhaps where the arrow is and wait for stot to cross down and henki to change color?Ignored
DislikedUsdcad still looking good for monday. It had a big reaction to nfp but is pulling back a bit now.
Eurusd doing fine. Gbpjpy pulling back quite strongly at the moment. Let's see what happens next week.Ignored
DislikedInteresting, originally I thought that a "smooth pullback" should not be very steep. It seems that this pullback up on USDCAD is quite steep, but you still consider it as a smooth pullback, don't you?
Thanks!Ignored
DislikedIf it turns nicely it will be ok and the pullback is quite smooth but you are correct it is a little steep.Ignored
DislikedHi Hugh,
nice of you to share this system. I've noticed you posted few other systems as well. Which is your favourite?
Regarding USDCAD set up: Are you still waiting for the price to pull back closer to 100 SMA (on hourly chart) and for a red candle to enter short or you're already in?
ThanksIgnored
DislikedIt doesn't necessarily need to go all the way back up to the 100 sma. A nice looking turn here would be enough. It is approaching the congestion area before nfp which may act as resistance.Ignored
DislikedI was thinking about distance to the stop Hugh - as you mentioned in one of the posts, you prefer to put stop 20 points above 100 SMA (or 10 points above the 100 SMA high/low channel).
If you were still using this system, would you enter if there was a 'nice' turn some distance before it reaches 100 SMA (more than 30 points) so making the distance to the stop more than 50 points (more than 30 + 20 = more than 50), or would you dismiss it because of unacceptable risk?
BTW [color=red]Stoch crossing indicator prints arrows for more than 90%...Ignored
DislikedThe inital stop doesn't have to be behind the 100 sma. If you get a good signal where it is then jump in with a 30 pip stop so you don't lose too much if it goes wrong and then just trail the stop behind the 100 sma as the trend progresses.Ignored