Heiken_Ashi_Smoothed **Start Here** | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Why Are We Here? If you are really here for profits, please read! 145 replies

Fozzy e-book - noobs can start here 97 replies

Retail Sales? Trade Balance? What it means? Newbies ask here. Pros answer here. 9 replies

Poll - When did you start trading forex? Anyone had 10+ years here? 35 replies

Here is a free Calculator...I don't know if its been posted here before 3 replies

Attachments: Heiken_Ashi_Smoothed **Start Here**
Exit Attachments

Heiken_Ashi_Smoothed **Start Here**

  • #121
  • Apr 5, 2007 12:53pm Apr 5, 2007 12:53pm
Hey Steinitz,

Merlin's got a responsibility to the list to keep things "positive". However, I can't imagine something more "positive" than your system. Afterall, that is the purpose of the list, eh?

So, Merlin? Give Steinitz some clear directions and guidelines. Steinitz, respect Merlin, the responsibilities he has and the incredible list he has developed. Truce? Great!

Then LET'S GET TO WORK MAKIN' PIPS!

Steve
TULKAS
  • #122
  • Apr 5, 2007 1:23pm Apr 5, 2007 1:23pm
Steinitz,

I'm trying to see your trades posted earlier on the charts and cannot coordinate MT4 time. This is the MT4 curse!

If you select F8>Common>"Show Time Seperators", it will place a white dashed line on each days' 0:00 hour. How many hours difference (plus or minus) is that line in relation to GMT? (There may be an easier way to figure this out, but that's the way I do it!)

Thanks,
Steve
TULKAS
  • #123
  • Apr 5, 2007 7:59pm Apr 5, 2007 7:59pm
Hi Trace

Only enter if the candles are solid. IF your going short & starting on the 5M
then the 15M, 30m & 1H should be the same solid red. If the 4H & the
Daily are red also thats even better. The more that are in color agreement
the better. Once you are in the trade you will notice that some of the tf's
will start to show the blue & that is indicating the MOMENTUM is changing,
but you get concerned if the candle becomes totally blue. If you enter on the 15M with 30M 1H & 4H in agreement then you notice the 15M in showing
some blue pay attention to the 30M, 1H & 4H HAS & if they are still red
I would stay in a monitor the trade. If you are short & start to see more
blue candles ahead than you do red that is a strong sign trend has changed.

Exits for this method needs to be designed to suite the individual traders
trading style & risk tolerance. When color changes against the trade on the
longer tf's MOMENTUM is fading, so I get out & wait for another sginal.

I hope this helps. This method is simple in design & use, but it requires
practice to learn the color patterns. Pull up a chart with the MTF HAS
indicator running & just notice the bars that have red & blue & how they
matched the price & you will see if the color change was just a bleep
or in really indicated a change in direction.

Pairs I trade : USD/JPY / GBP/USD / EUR/USD & EUR/JPY.

My results as of today : 15 closed trades, 1 loss, 14 winners with a total
pip gain of 375. Not bad @ all I say.

AceTrader
  • #124
  • Apr 5, 2007 8:12pm Apr 5, 2007 8:12pm
Guys I am back from playing and promissed the wife to take her out to a nice restaurant since this is "date night". Every Thursday I am committed. LOL. You gotta love this!

I see there are a lot of posts and no replies from Merlin. When I get back from Ruth Chris tonight I will get into these posts and answer them. If I am busy you guys can count on AceTrader to help out as he understands this method and is trading it live.

Talk to you guys later around 9:00 PM PST
  • #125
  • Apr 5, 2007 8:28pm Apr 5, 2007 8:28pm
Acetrader, thanks for the reply.

I now understand about the mixed colored boxes and that I should stay out of the trade until they are solid.

New question - in your example (15, 30, 1h, 4h) it sounds like you are not flipping time frames on the chart once you get a blue on the 15min HAS bars (for short) and are just staying on the same chart TF and just watching the 30,1h, 4h on the HAS bars. Is this true or are you actually flipping to the next high TF on the chart itself and then looking at those HAS bars?

Hope this makes sense. I am just curious because your method sounds slightly different from what is in the doc. To be honest I wasn't sure why in the doc you would switch your chart to a higher TF when you have the MTF HAS bar indicators telling you what the other TFs are doing. That part made no sense to me. Maybe Steinitz can elaborate on that.

Excellent results! Congrats. Was that for this week (375pips)? Or is that since you started this?

Thanks,
Trace
TraceJ
  • #126
  • Apr 5, 2007 10:47pm Apr 5, 2007 10:47pm
Quoting sirwolf
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
Yes the doc file on this thread is current! There are three methods to trade my system.

1. Folowing the set-ups on a lower TF and working upwards

2. Scalping by looking at where price penetrates the HAS candles and going with the man trend. Buying on dips and visa versa.

3. Scalping by usining the MTF indicator (4TF HAS BAR) and buying on dips or selling on rallies by using the color bars.

Thats it for now.
  • #127
  • Apr 5, 2007 11:09pm Apr 5, 2007 11:09pm
Quoting acetrader
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
I need to clarify AceTraders answer a bit. Thanks for helping out. I do want to mention that I am spending so much time repeating what has already been said in the past by me. Merlin's unwillingness to give me back mod status will force me to make this time intensive and redundent in answering these questions over and over again.

Please PM Merlin to show your support. I was doing just fine until a trader started giving me problems and I he didn't like the way I reacted by email in the way I was going to handle matters. I didn't do anything wrong. He posses some magical power to read into the future and predict I will do something bad next time.

This is pure nonsense. So now I have to spend time from my family and try to write something here that will clarify the trading methodology. You newbies that still have questions you need to go back and re-read all the threads.

Acetrader is telling you how he trades. I don't agree with his explination in total. It works for him and he is making money so I applaud him for that. Also, there is no one right answer. I just will explain how I see this method working from my point of view. It's only my opinion.

Here is my 2 cents and this is the last time I'll explain this. You look for 2 like colored bars. You get in. Blue for long and red for short. If the trade is successful you will start to see the third row from the bottom start to agree with the bottom two row colors. You now are in a good trade. If you wait for three rows to enter with your color I feel you have waited too long. You don't want to get in too late.

Example: You are in the 5M/15M TF's and there both blue. The 30M is red. You go long and your trade is working so far. You will in time see the 30M turn from red to blue. Great! You are in a good trade. Now switch to the 15M/30M TF and they are blue. The 1hr is red. Now you see the 15M turn red. Do nothing. Now you start to see the 30M turn red. Stop what you are doing and now switch to the 1Hr Tf.

If you have a 1hr red bar and a 4hr blue bar you stay in. If you have a 4hr red TF you exit. Basically three rows of a bad color you get out. This is another way of saying the same thing.

In essence you are staying in when longer TF's are showing the correct color of your trade.
  • #128
  • Apr 5, 2007 11:17pm Apr 5, 2007 11:17pm
Quoting tracej
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
If you have a red dot in the middle of a blue square that = a BLUE square. The only difference is this is a change in volatility or momentum square. Yes it is a blue square but it tells me we have a changing of the guards.

That square was made from the HAS having a red body and a blue wick.
  • #129
  • Apr 5, 2007 11:23pm Apr 5, 2007 11:23pm
Quoting tracej
Acetrader, thanks for the reply.

I now understand about the mixed colored boxes and that I should stay out of the trade until they are solid.

New question - in your example (15, 30, 1h, 4h) it sounds like you are not flipping time frames on the chart once you get a blue on the 15min HAS bars (for short) and are just staying on the same chart TF and just watching the 30,1h, 4h on the HAS bars. Is this true or are you actually flipping to the next high TF on the chart itself and then looking at those HAS bars?

Hope this makes sense. I am just curious because your method sounds slightly different from what is in the doc. To be honest I wasn't sure why in the doc you would switch your chart to a higher TF when you have the MTF HAS bar indicators telling you what the other TFs are doing. That part made no sense to me. Maybe Steinitz can elaborate on that.

Excellent results! Congrats. Was that for this week (375pips)? Or is that since you started this?

Thanks,
Trace
Great observation!!!!!!!!!!!!!!!!!

I like you....

You are paying attention. Yes it does seem silly to switch TF's manually when we are working with a MTF indicator. This is why. By switching TF's you can see the way the HAS indicator looks when you switch TF's. You won't see anything except colored bars below but by switching TF's you can now see angles of the trend and so much more by doing this. I would say the angles are the most important thing I look for.
  • #130
  • Apr 5, 2007 11:30pm Apr 5, 2007 11:30pm
Quoting Tulkas
Steinitz,

I'm trying to see your trades posted earlier on the charts and cannot coordinate MT4 time. This is the MT4 curse!

If you select F8>Common>"Show Time Seperators", it will place a white dashed line on each days' 0:00 hour. How many hours difference (plus or minus) is that line in relation to GMT? (There may be an easier way to figure this out, but that's the way I do it!)

Thanks,
Steve
I have done that.

Thanks
  • #131
  • Apr 5, 2007 11:32pm Apr 5, 2007 11:32pm
Quoting tracej
Acetrader, thanks for the reply.

I now understand about the mixed colored boxes and that I should stay out of the trade until they are solid.

New question - in your example (15, 30, 1h, 4h) it sounds like you are not flipping time frames on the chart once you get a blue on the 15min HAS bars (for short) and are just staying on the same chart TF and just watching the 30,1h, 4h on the HAS bars. Is this true or are you actually flipping to the next high TF on the chart itself and then looking at those HAS bars?

Hope this makes sense. I am just curious because your method sounds slightly different from what is in the doc. To be honest I wasn't sure why in the doc you would switch your chart to a higher TF when you have the MTF HAS bar indicators telling you what the other TFs are doing. That part made no sense to me. Maybe Steinitz can elaborate on that.

Excellent results! Congrats. Was that for this week (375pips)? Or is that since you started this?

Thanks,
Trace
No. Treat multi-colored bars as a solid bar. You can enter on one of those bars. It's actually a great bar to enter or exit on since it shows change in momentum!!!!!!
  • #132
  • Apr 5, 2007 11:50pm Apr 5, 2007 11:50pm
Can somebody tell me how to save statements without having to change them to a jpg format. I have seen some clean statements from other posters and they look like a word doc. The default setting is HTML and FF won't load that.

Thanks
  • #133
  • Apr 6, 2007 12:12am Apr 6, 2007 12:12am
Thanks for this great system -- I have been reading through the material during the past few days and trying out your template on my charts.

I added the Non Lag indicator which has an alarm -- set to Length 34, and for me it completes this system nicely.
Attached File(s)
File Type: mq4 NonLagMA_v6.mq4   6 KB | 1,006 downloads
  • #134
  • Apr 6, 2007 12:15am Apr 6, 2007 12:15am
Steinitz, thank you for taking the time to explain some of this in detail. Your explanation of switching TFs on the chart itself makes sense. That was the part that was throwing me off and making me wonder what I was missing.

Also thanks for the multi color bar explanation. Thats what I needed to know (if it was ok to enter a trade on those).

I look forward to testing the system and perhaps sharing some good money management strategies that might work well with it.
TraceJ
  • #135
  • Apr 6, 2007 2:45am Apr 6, 2007 2:45am
To help get Steinitz his moderator status back, look at the bottom of this web page,

click on contact

Fill in your name and e-mail address,

Select other and entitle your message Steinitz,

Leave your message and press send!

Below is the message I have jus sent!

Dear Merlin
I would like to ask on behalf of Steinitz and all the other guys that use the wonderful Heiken_Ashi_Smoothed forum, that you consider returning Steinitz status back to Moderator. It is his enthusiasm and dedication that not only makes this forum special, but is the whole ethos of a good web chat forum such as the Forex Factory! I am relatively new to Forex trading and have to say without Steinitz’s forum on the Heiken Asi Smoothed system I most probably would be just another statistic on the side of failure.


Kind regards
Richard (DelBoy)
  • #136
  • Apr 6, 2007 3:06am Apr 6, 2007 3:06am
Quoting DelBoy
To help get Steinitz his moderator status back, look at the bottom of this web page,

click on contact

Fill in your name and e-mail address,

Select other and entitle your message Steinitz,

Leave your message and press send!

Below is the message I have jus sent!

Dear Merlin
I would like to ask on behalf of Steinitz and all the other guys that use the wonderful Heiken_Ashi_Smoothed forum, that you consider returning Steinitz status back to Moderator. It is his enthusiasm and dedication that not only makes this forum special, but is the whole ethos of a good web chat forum such as the Forex Factory! I am relatively new to Forex trading and have to say without Steinitz’s forum on the Heiken Asi Smoothed system I most probably would be just another statistic on the side of failure.


Kind regards
Richard (DelBoy)
Thank you very much Richard. It is people like you that makes me want to continue here. I truely appreciate your kind words. I am happy to see that I could bring some positive outlook to a very difficult business venture. Trading is by far the most challenging money making idea that I have ever tried to master.

Best of standard deviations to you!
  • #137
  • Apr 6, 2007 6:12am Apr 6, 2007 6:12am
Steinitz, thxs a million for sharing the great HAS method. I sent Merlin a message for the Moderator issue.
Question : Which are the threads for the HAS system? I want to subscribe to all.

http://www.forexfactory.com/images/misc/progress.gif

  • #138
  • Apr 6, 2007 6:59am Apr 6, 2007 6:59am
Steinitz & Everyone

I agree you can enter a trade on the multi colored bars as I have done so
& it does get you into a trade sooner. What I try & do is enter on the very
beginning of a new trend & then is when I will enter on the multi colored bars. It is not always possible to catch the beginning of a trend, so
entering on the multi color bar will give you an edge. I do not toggle between tf's on my chart as the MTF HAS INDICATOR takes care of that.
In the beginning I did toggle between tf's & did not use the MTF HAS, but
its best for me to use MTF HAS.

The +375 pips are for the total of 15 completed trades for approx a two
week period of trading. Over the last 5 days I have trade the HAS METHOD
along side of another METHOD I use involving EMA's & the results are HAS
has produced more pips with my method a close second. So, for me HAS
is the one I will use as a primary method. What I have learned over the
20+ yrs of trading is that what works now may not work as well in the future,
so therefore we must learn to adapt & adjust our trading methods as the
need arises.

The last several post that STEINITZ has posted really sums up this great
method in a very concise manner. Follow what he is telling you & it should
work. Sure you may find a way to make it better for your style, but the
basic concept is in place for you to use. What appeals to me is that this
method is clutter free & you can actually see the PRICE on the chart. I
have a trader friend that has his charts so cluttered you can not really see
the price, but it works for him.

I hope this has answered everyones questions & we are all on the same path
to more PIPS. STEINITZ is corrected, he is constantly repeating how this
works & he needs to get the moderator status back so he can combine
all the documents into one location & maybe rework a pdf to bring it all together. I want to thank STEINITZ for his hard work & willingness to share
this method. Is it the HOLY GRAIL of trading? Well I guess that will soon be determined by those that stay with the method.

Thanks to everyone who contributes to the method as your views are valued & appreciated.

________________________________

" A truley wise man always has more questions than answers "

AceTrader
  • #139
  • Apr 6, 2007 7:12am Apr 6, 2007 7:12am
Steinitz & Everyone

I agree you can enter a trade on the multi colored bars as I have done so
& it does get you into a trade sooner. What I try & do is enter on the very
beginning of a new trend & then is when I will enter on the multi colored bars. It is not always possible to catch the beginning of a trend, so
entering on the multi color bar will give you an edge. I do not toggle between tf's on my chart as the MTF HAS INDICATOR takes care of that.
In the beginning I did toggle between tf's & did not use the MTF HAS, but
its best for me to use MTF HAS.

The +375 pips are for the total of 15 completed trades for approx a two
week period of trading. Over the last 5 days I have trade the HAS METHOD
along side of another METHOD I use involving EMA's & the results are HAS
has produced more pips with my method a close second. So, for me HAS
is the one I will use as a primary method. What I have learned over the
20+ yrs of trading is that what works now may not work as well in the future,
so therefore we must learn to adapt & adjust our trading methods as the
need arises.

The last several post that STEINITZ has posted really sums up this great
method in a very concise manner. Follow what he is telling you & it should
work. Sure you may find a way to make it better for your style, but the
basic concept is in place for you to use. What appeals to me is that this
method is clutter free & you can actually see the PRICE on the chart. I
have a trader friend that has his charts so cluttered you can not really see
the price, but it works for him.

I hope this has answered everyones questions & we are all on the same path
to more PIPS. STEINITZ is corrected, he is constantly repeating how this
works & he needs to get the moderator status back so he can combine
all the documents into one location & maybe rework a pdf to bring it all together. I want to thank STEINITZ for his hard work & willingness to share
this method. Is it the HOLY GRAIL of trading? Well I guess that will soon be determined by those that stay with the method.

Thanks to everyone who contributes to the method as your views are valued & appreciated.

________________________________

" A truley wise man always has more questions than answers "

AceTrader
  • #140
  • Apr 6, 2007 11:01am Apr 6, 2007 11:01am
Quoting okfx
Steinitz, thxs a million for sharing the great HAS method. I sent Merlin a message for the Moderator issue.
Question : Which are the threads for the HAS system? I want to subscribe to all.

http://www.forexfactory.com/images/misc/progress.gif

You are here my friend. This is the thread to start with. There are three methods and each method has it's own thread. Please read this one then continue to the other two threads on scalping techniques.
1 trader viewing now