Heiken_Ashi_Smoothed **Start Here**

Currently in a nice short USD/JPY that shows red on 15M, 30M, 1H & 4H tf's
for what I would say is a text book example of what the rules say should be
a strong move down. Now we'll see how it goes over the next 2 hrs @ which
time I'll set a limit before calling it a night. If the signal weakens, I'll close
& look for the next signal Thursday. This pair has already offered several
nice trade this week following the HAS METHOD. I am + 110 pips so far
this week on 2 trades. Live status @ this time.

I'd like to again say thanks to STEINITZ for sharing this method with the forum & a THANKS to those that coded the indicators used with this method.


"The limits of potential accomplishment are defined by one's
sense of the possible"

AceTrader

Got two questions. I have read this thread and the DOC you have provided but do not see the answers anywhere.

1) The 4TF HAS Bar 2 - I see where you say the purpose of it, but I do not see it explained how to use it in the doc or this thread. The doc mentions it and says it will explain it later but then it never does. The main question I have is you say to go long if we have say a blue on the 5m and 15m. What if the 15m is the mixed box? Does it still count as blue for a go on the trade if the blue is on the outside square?

2) Are the entry directions in the posted Doc the most up to date? The reason I ask is I saw on page 5 or so you giving an example and you were checking higher timeframes before entering which is not something that is done in the doc.

Sorry for the questions. Just want to make sure I am looking at this correctly.

Thanks.

Hello Ace.....

Nice looking trend indeed. I don't see the 4hr red however. Please explain...

Also, I want to point out that USD/JPY is a countertrend move as the upper TF's are blue and I would be quick to close this out on the short as soon as you feel it could resume in the up trend mode.

Nobody knows if this is the start of a great short that will continue to drag the upper TF's down with them or simply a minor sell-off of the longer uptrend TF. In terms of odds this trade should go back up. What odds I can't quantify.

Because this is a price driven method we can let price action dictate what we do.

Steinitz and others who have posted on this thread, I would like to add my thanks, the HAS method has been a fantastic help to my trading and I now reguarly see a good daily pip taking!
At the start I was fining it difficult to see the overall trend, but this is because I display 12 charts on my screen at the same time, which does not allow you to see back far enough, unless of course you open each chart seperatlely!!
Bingo I found on another site a solution to my problem, attached is a traffic light indicator, which will sit in the top corner of your dispay showing time frames for M1, M5, M15, M30, H1 and H4, it gives a very quick view of the overall market trend, no more switching time frames!
If anyone wants more info I will be glad to supply it!
Thanks again

Thanks Delboy it looks interesting!!

Can you post an explanation for the colors?
Also what time is used for the high-low/daily average, I'm assuming 0:00 GMT?
What is the EMA?

Mike

This is the information I have on the indicator (Thanks to cja from another site), I tend not use it for entry or exit signals, although you will see that you can, I just use it to gauge the market trend

The M1 & M5 give you the short term info as to reversals or retracements, the M15 & m30 give the medium condition, and the H1 & H4 give the daily trend condition. If the H1 & H4 are the same color the trading range is generally large if different the range is generally smaller and the trading tends to be choppy.

This can be located in either the top left or top right of your chart and has the option of either having the extra details ( Daily Av, spread etc ) or not.

The price color changes based on the average daily trend condition
LIME = UP ................. ORANGE = Flat ................. RED = Down

The MACD is based on a fast setting of 8/17/9 and has a quicker response than the standard 12/26/9 settings. If the MACD xrosses UP while below the zero level the color is GREEN if it xrosses UP while above the zero line the color is LIME and for the xross DOWN if above the zero level it is TOMATO and below the zreo level RED, so if for example the price turns UP below the zero level it turns GREEN and then if it continues up thru the zero level it turns LIME which shows the move has some strength.

The STR is based on the average of RSI Period 9 / Stoch 533 & CCI Period 13
If all the indicators are showing an UP move then the bar color is LIME, for a DOWN move RED and if some are UP and some DOWN then ORANGE

The EMA is based on the xross of an EMA5 & EMA9
An UP move is a LIME Bar and DOWN is a RED Bar

The Daily Average figures change from red to green based on whether the range today is higher or lower than yesterday, so if the range was say 60 yesterday and 70 today based on the last 20 days average then the Daily average numbers would be GREEN.

The pips to Open change color from red to green depending on whether the Price is above or below the Open price for the day.

If all the lower timeframes are turning GREEN then a reversal or retracement is on and if the M15 & M30 also change to GREEN then it adds strength to the move of course it goes without saying if you are going to trade against the trend of the H1 & H4 then be very careful, paticularly the H1 gives the TREND STRENGTH for the current day either supported or not supported by the H4.
If both the H1 & H4 are the same color then a currency pair will generally run past the Daily Average figures if different colors or changing between colors the Daily Average is about the top of the range for the day.

Hope this makes sense!

Attached is a chart showing the indicator in the top left!

Steinitz & everyone,

Your were correct the 4H did not line up with the other tf's on that trade,
but when I checkd the MTF HAS INDICATOR settings I found that I somehow
had the wrong settings thereby it was showing that the 4H HAS was in
agreement, but once I applied the correct setting the 4H was still BLUE
thereby disagreeing with the other tf's. The trade eventually was against
me, but I held on & @ about 10:00est the 4 tf's began to al show red.
I have since closed this trade with +31 pips.

This is a classic example of what can happen if you read the signals wrong,
or just plain trade against the signals. Not a good idea as you can loss. I
was lucky that time. I see it is better to enter when all 4 tf's are in
agreement, but there are times that having 3 tf's in agreement will work if
its the beginning of a new trend. So far this week I'm +131 & that will about
do it for me this week.

I cannot understand why this thread is not getting more participation. One
theory I have is that the HAS METHOD is so simple in its design that its not
appealing. Some charts you see have so many lines, arrows & other
indicators plaster across it you can't see the most important part of the
chart, the PRICE. Well that just my thoughts, but for me SIMPLE IS BETTER.

Steinitz......Tks again for sharing this SIMPLISTIC PIP MACHINE.

To All other......Tks for you added indicators, view, comments & ideas as they all contain value.



" What we have to learn to do, We learn by doing " Aristotle


AceTrader

On my last post I stated I was up 131 pips for the week. Correction I'm
up 141.

Ace

Traders:

Here is what I have so far that I have closed out since last week of trading. The only reason I have one trade with a loss is because I closed all my trades out and didn't see that I had one trade with a loss. If I had seen that I would have kept it floating until it profited or the colors told me to close.

I want to reiterate something here also mentioned by Ace on an earlier post. I am unhappy for two reasons:

1. I am showing the entire trading community a trading method that is so simple and clear in design that dwarfs all other systems on the market. That is a bold statement to make. I will back this up with my recent statement. Yet I don't see the contribution for EA's and simple alerts.

2. I am unhappy with "Merlins" unwillingness to give me back my moderator status from a petty previous issue. I need that status to arrange my threads.

At this point you might be wondering if I really care since I do have a method that can make me wealthier beyond expectations. Here is the answer. I still believe there is some room for improvement that takes multiple minds to get this done.

I could leave like some other moderators and start a website and charge. I am not planning on doing that. I could ask you traders who believe this is a great thread to follow me elsewhere I am not going to do that.

I just want respect from this site and regain my moderator status. Maybe I'll never get it back and this post will further solidify the unresolve. I ask each and everyone of you (if you like this thread) to email "Merlin" and tell him that you feel Steinitz should have his moderator status back to organize the thread.

Steinitz

It appears a trade could be setting up on the EUR/USD as 1.3430-50 should
contain the upside for now. Viewing this pair from the 15M tf you can see
the price is turning down & 15M has turned red. Another pair to watch over
the next 2 hrs would be USD/JPY. Unless all tf's agree soon I'll be
finished for the week as I'm not willing to hold over the weekend.

Steinitz.......What are the correct setting for the MTF HAS indicators?
Would 3,6,3,2 be correct for MTF HAS & MTF HAS #2. Somehow I these set @ 2,6,3,2. Put me on to the corect one please.


AceTrader

If someone can answer my questions from the previous page I will be more than happy to contribute to this thread immensely. I am a programmer and more than willing to help create alerts, etc. but first I must understand the system completely so that I can test it. The questions may seem stupid, but they are asked because those things are not clearly explained anywhere in this thread or docs.

It seems clear the multi colored squares aren't used in the "starter" system, but I still need to know if its ok to take trades with them in place.

See questions on last page.
Thanks.

I have to run for personal arrands today and will be back later to answer questions. I'll be back around 6:30 PM PST. Please ask a lot of detailed questions so we can get this done!

Thanks

Is the document on the 1st post of this thread the current system we should be using? Or ss there an updated version? I have been following all the HAS threads and want to make sure I didnt miss something. Thank you!

SirWolf

Those are without a doubt great results that can be duplicated by everyone
here if they would just take the time to demo this method & get a feel for
how it works. I have closed 15 trades with this method & have only one loser so far. That loser was closed because the weekend was near & I chose to get out......it was in DEMO, but I rarely hold over the weekend. My live
trades so far are + over 300 pips as of today. Not a bad payday. The key
is to DEMO it first & only go live when you understand how it works.

Steinitz has spent his time...many yrs putting something together that works
& it is so simple to follow I just can believe no more are interested. I have read a great book written by a fund manager & in the book he tels about how
he trades & it is unreal how simple his methods are. I want discuss the
title here, but if anyone has an interest PM ME & I'll hook you up with a title
& a discounted source that I purchased mine from.

I would like to see Steinitz get his moderator status back so he can compile
everything & get the thread moving along. Theres not much more to be
added other than thanks to those that are contributing to the betterment
of this method.


AceTrader

Yes it woul dbe helpful if he was given his mod status back so he could organize the threads. That is the problem I am having right now with understanding everything completely. Once I understand the system totally I have no problem creating some really good docs with examples, backtests, alerts, etc.

Hi tracej,

I'll try & help, but I'm sure Steinitz will responde when he returns. This is
how I do it.

1. The 4TF HAS #2 is used to show when MOMENTUM is changing. That
is what is seen when the bar is red & inside you see blue starting to build.
When I look for a trade direction I start with 5M or 15M & if both are the
same color I take notice. When I see 5M, 15M & 1H all in agreement I'm
in. If you start on the 15M tf & 30M & 1H are inagreement that indicates
a strong move is building. The best setup is when the 15m, 30M, 1H & 4H
are all in agreement. All 4 agreeing would be the best setup.


2. Longer Time Frames........For me the longer tf's are very important in
that the more of them you have agreeing with your trade direction the
better the trade should be. Example: If 15M, 30M, 1H, 4H & Daily are
all agreeing the odds should be in your favor to win from the trades I've
done so far. Start now & check out the EUR/USD as it appears to be setting
up for a short trade. From my 15M chart the 15M & 30M are red. Now when the 1H hits red I would enter & will if its not much latter from now. Will
the trade work? I don't know, but they have so far. Anything can change the outcome....news being one, but from a technical side it should work.


I hope this helps. The info is scattered all over the place & that is why it
needs to be combined & hopefully Steinitz can do so soon. I'll be out
until about the time Steinitz returns if you have more questions. Tks for
your interest in the method & your willingness to make it better.

AceTreader

Sirwolf

Go to first page of the Forum & under trading system find Heiken-Ashi Smoothed by Steinitz & there you will find the newer version of the rules
that I believe are in pdf format. Hope this helps.


AceTrader

Acetrader thanks for the reply. The one question I do have is lets say some of those timeframes have the multi color bar - like 15m is blue, 30 is blue, 1h is the mixed color box. Do you take the trade if the outside is red but inside color is blue? What if its the other way around?

Just trying to nail the specifics down.
Thanks,
Trace