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Trendlines with Heiken Ashi and Stochs System

  • #141
  • Jan 18, 2012 1:17am Jan 18, 2012 1:17am
Quoting Hugh Briss
Why 1h charts now though? I still think daily is best. You trade less but less is more.
Hi Hugh !!

A quick update...upon looking at the chart Ive posted i noticed the 4H was still going up...I just got in from work and took the trade without completely thinking...Anywho ill stick it out to see what happens. Im still committed to learning and using this system, just need to be more patient...I agree about Daily charts...
  • #142
  • Jan 18, 2012 1:25am Jan 18, 2012 1:25am
Heres the 4h chart i mentioned still in positive territory....Think I jumped the Gun again....must follow the rules...when CCI 6 is below the 0 line on and Stochs are negative on the 4H then look to go short...on lower TF
Attached Image (click to enlarge)
Click to Enlarge Name: EUR%2FUSD--240 Minute.jpg Size: 153 KB
  • #143
  • Jan 18, 2012 1:26am Jan 18, 2012 1:26am
Quoting Sjr
Hi Hugh !!

A quick update...upon looking at the chart Ive posted i noticed the 4H was still going up...I just got in from work and took the trade without completely thinking...Anywho ill stick it out to see what happens. Im still committed to learning and using this system, just need to be more patient...I agree about Daily charts...
The London open will make or break it. I think everyone is still long term bearish the euro but there is news and opinion suggesting we could get a major correction at this point. I wouldn't put too much faith in that but who knows?

It's always worth taking the higher timeframes into account. When everything is going in the same direction then you have a higher probability.

I think with lower timeframes you need to remember that you will get more trades but with slightly lower probability and with more trades comes more losers. If you trail the winners effectively then you should still make a decent profit.
  • #144
  • Jan 18, 2012 1:27am Jan 18, 2012 1:27am
Quoting Sjr
Heres the 4h chart i mentioned still in positive territory....Think I jumped the Gun again....must follow the rules...when 4H is below the 0 line on CCI 6 and Stochs are negative then look to go short...
Yes, you were trading against the 4 hour trend but it could still work out.
  • #145
  • Jan 18, 2012 1:53am Jan 18, 2012 1:53am
LOL....and that's what happens when you break the rules...out for a loss...

All constructive comments welcome...actually encouraged...

Im here to learn and this is a good way of doing that.

Me first....Points in hindsight 4h clearly still up. CCI 6 above 0 line, uptrend line intact, no evidence on 4 H chart of reversal to downside....
Attached Image (click to enlarge)
Click to Enlarge Name: EUR%2FUSD--60 Minute.jpg Size: 133 KB
  • #146
  • Jan 18, 2012 2:03am Jan 18, 2012 2:03am
Heres another chart to look at...all demo of course, until I find the way thru to making consistent profits.
The 4h is down on the CCI 6 and Stochs, prices are rolling over to the downside the same direction as the 4h so we'll see what happens...

cheers
Attached Image (click to enlarge)
Click to Enlarge Name: AUD%2FCHF--60 Minute.jpg Size: 133 KB
  • #147
  • Jan 18, 2012 3:47am Jan 18, 2012 3:47am
Sl to BE..

Time to hit the sack,,,,,
Attached Image (click to enlarge)
Click to Enlarge Name: AUD%2FCHF--15 Minute.jpg Size: 128 KB
  • #148
  • Jan 18, 2012 6:52am Jan 18, 2012 6:52am
Quoting Sjr
Me first....Points in hindsight 4h clearly still up. CCI 6 above 0 line, uptrend line intact, no evidence on 4 H chart of reversal to downside....
I'm not disagreeing with any of that!
  • #149
  • Jan 18, 2012 7:18am Jan 18, 2012 7:18am
Quoting Sjr
Heres another chart to look at...all demo of course, until I find the way thru to making consistent profits.
The 4h is down on the CCI 6 and Stochs, prices are rolling over to the downside the same direction as the 4h so we'll see what happens...

cheers
So we're on 15 min charts now?! Looked like a reasonable trade to take and I see it worked out so hard to say much against it!
  • #150
  • Jan 18, 2012 8:57am Jan 18, 2012 8:57am
Hi,
yeah the trade worked out for a profit....however it was a BE day...

Still learning....
Attached Image (click to enlarge)
Click to Enlarge Name: AUD%2FCHF--60 Minute.jpg Size: 127 KB
  • #151
  • Jan 19, 2012 12:19am Jan 19, 2012 12:19am
just got in....lets see how this one works out
Attached Image (click to enlarge)
Click to Enlarge Name: NZD%2FCAD--240 Minute.jpg Size: 145 KB
  • #152
  • Jan 19, 2012 12:40am Jan 19, 2012 12:40am
Quoting Sjr
just got in....lets see how this one works out
You're not trading trend continuations here, you seem to always pick moves against the trend. This type of trade can work out but it's just as likely that this is a pause in the trend, the price will come down and meet a support level and then take off again in the direction of the main trend.

I'll try and post some examples in a few hours time.
  • #153
  • Jan 19, 2012 1:06am Jan 19, 2012 1:06am
Quoting Hugh Briss
You're not trading trend continuations here, you seem to always pick moves against the trend. This type of trade can work out but it's just as likely that this is a pause in the trend, the price will come down and meet a support level and then take off again in the direction of the main trend.

I'll try and post some examples in a few hours time.
sweet...Cheers for that...
  • #154
  • Jan 19, 2012 1:08am Jan 19, 2012 1:08am
Hey hugh heres that trade I did from last night.
Its still going up around 77 pips...I like to go back and see how old trades did...I also need to learn to let winners ride...
Attached Image (click to enlarge)
Click to Enlarge Name: AUD%2FCHF--240 Minute.jpg Size: 122 KB
  • #155
  • Jan 19, 2012 1:18am Jan 19, 2012 1:18am
And of course my loss as well....from yesterday
I guess at least i took the loss which was small and didn't let the move continue against me...
Attached Image (click to enlarge)
Click to Enlarge Name: EUR%2FUSD--240 Minute.jpg Size: 132 KB
  • #156
  • Jan 19, 2012 1:22am Jan 19, 2012 1:22am
I was also looking at this one but its in the same currency as im already in a NZ $ trade so dont know if its a good idea...Ill watch it all the same to see how it would have turned out
Attached Image (click to enlarge)
Click to Enlarge Name: NZD%2FUSD--60 Minute.jpg Size: 124 KB
  • #157
  • Jan 19, 2012 7:34am Jan 19, 2012 7:34am
This is two entries on eurjpy with the trend, easy to spot. Your trades above all generally go against the trend.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy trading with the trend.gif Size: 18 KB
  • #158
  • Jan 19, 2012 11:33am Jan 19, 2012 11:33am
yip I see what your saying.
Back to the drawing board...
  • #159
  • Jan 20, 2012 3:43am Jan 20, 2012 3:43am
Looks like the USD tide is turning. Most xxxusd and usdxxx pairs are looking similar.

This is a 4 hour trade in the direction of the daily trend. By the look of it it will need a 150 pip stop loss.

I'll wait til 11am for my 4 hour candle close to take the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd trade.gif Size: 17 KB
  • #160
  • Jan 20, 2012 4:24am Jan 20, 2012 4:24am
Looking through I think euraud or gbpusd might be better trades.
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