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Trendlines with Heiken Ashi and Stochs System

  • #241
  • Jan 26, 2012 3:23am Jan 26, 2012 3:23am
I'm long sgdjpy on a 1 hour tf.
  • #242
  • Jan 26, 2012 9:10am Jan 26, 2012 9:10am
Quoting mrluckystar
update:

trade open for both pair gu n eu..
eu open at 1.3121
gu open at 1.5680

tp target 50 pip...

reason open trade is:
1. setup inside bar.
2. break yesterday high.

need to becareful this trade since stoch at H2 Almost cross...
update 2:
both trade hit tp....

until now, still cant find heiken ashi setup on eu n gu...
need to be patient... maybe tommorow....

nite...
Peace Yo!
  • #243
  • Jan 26, 2012 10:26am Jan 26, 2012 10:26am
Quoting Hugh Briss
I'm long sgdjpy on a 1 hour tf.
You still long on that one Hugh ?...can you show chart to help me see what your seeing...Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: SGD%2FJPY--60 Minute.jpg Size: 117 KB
  • #244
  • Jan 26, 2012 10:30am Jan 26, 2012 10:30am
Quoting Hugh Briss
Not a bad trade but your cci had crossed and was rising back up when you took it.

I see what you mean.
To be honest I dont really take to much notice of which way its moving as long as its below (above) the 0 line. I still use Stoch/TL for confirmation.

I did get into this one later than I would have liked, but I was experimenting with prices break thru the recent candle lows vs just jumping straight in on the Candle open when cci/Stoch had crossed.
For me im still trying to find the right balance.
  • #245
  • Jan 26, 2012 10:46am Jan 26, 2012 10:46am
Quoting Sjr
You still long on that one Hugh ?...can you show chart to help me see what your seeing...Cheers
No, closed that out for more or less break even, it wasn't going anywhere.
  • #246
  • Jan 26, 2012 10:48am Jan 26, 2012 10:48am
Quoting Sjr
I see what you mean.
To be honest I dont really take to much notice of which way its moving as long as its below (above) the 0 line. I still use Stoch/TL for confirmation.

I did get into this one later than I would have liked, but I was experimenting with prices break thru the recent candle lows vs just jumping straight in on the Candle open when cci/Stoch had crossed.
For me im still trying to find the right balance.
No worries, just wondered.
  • #247
  • Jan 26, 2012 10:50am Jan 26, 2012 10:50am
Any thoughts on this one ?
Attached Image (click to enlarge)
Click to Enlarge Name: AUD%2FCAD--240 Minute.jpg Size: 159 KB
  • #248
  • Jan 26, 2012 11:14am Jan 26, 2012 11:14am
Quoting Sjr
Any thoughts on this one ?
It's countertrend but could work. I wouldn't take it myself, I always prefer to go with the trend but I'd never put anyone off a trade.
  • #249
  • Jan 26, 2012 2:29pm Jan 26, 2012 2:29pm
morning hugh,

this is what i see on eu...

look like a good setup because:
1. stoch H2 already cross.
2. HA bar on H2 sign of turn.
3. cs on daily show pinbar and at H4.

any tough on this one?

thanks.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: capture_12.png Size: 113 KB
Click to Enlarge Name: capture_13.png Size: 89 KB
Peace Yo!
  • #250
  • Jan 26, 2012 4:10pm Jan 26, 2012 4:10pm
Quoting mrluckystar
morning hugh,

this is what i see on eu...

look like a good setup because:
1. stoch H2 already cross.
2. HA bar on H2 sign of turn.
3. cs on daily show pinbar and at H4.

any tough on this one?

thanks.
update:
eu sell post open at 1.3086..
tp target 50 pip...
Peace Yo!
  • #251
  • Jan 26, 2012 5:05pm Jan 26, 2012 5:05pm
Quoting mrluckystar
update:
eu sell post open at 1.3086..
tp target 50 pip...

Down move for now seems a bit exhausted short term from what stochs are showing doesnt it...or do you not mind the possible drawdown???
No man is free who is not a master of himself. -P.M.-
  • #252
  • Jan 26, 2012 5:36pm Jan 26, 2012 5:36pm
Quoting pmullin86
Down move for now seems a bit exhausted short term from what stochs are showing doesnt it...or do you not mind the possible drawdown???
hi pmullin,

thanks for the reminder...

im taking this trade purely base on what i see on the chart with consideration of H2, H4 n daily time frame...

im prepare to be wrong... (add one more experince to me)..

thanks again.
Peace Yo!
  • #253
  • Jan 26, 2012 9:24pm Jan 26, 2012 9:24pm
Quoting Sjr
Any thoughts on this one ?
Out with 30 pip loss.....
  • #254
  • Jan 26, 2012 10:41pm Jan 26, 2012 10:41pm
MrLuckystar... Again it is AGAINST THE TREND. The trend is obviously moving up, why sell it? Only buy into uptrends and sell into downtrends. If you need a visual reminder for this put a 100 sma on the chart and only buy when the price is above it and only sell when the price is below it. I would never put anyone off a trade, it might work out, but think about probability. A trend will PROBABLY continue. Trends in forex tend to continue more than they completely reverse. Saying that the daily trend is down so if you are trading 4 hour charts you have to decide when the 4 hour uptrend is over and the daily downtrend will resume. The time to be taking trades is when the 4 hour trend is moving in the same direction as the daily trend. This equals high probability. Consider the euraud trade I took last week, the 4 hour swung back in the direction of the daily trend.

SR, bummer, I didn't like the look of it but I could just as easily have been wrong. Read above, it's a probability thing.
  • #255
  • Jan 26, 2012 10:52pm Jan 26, 2012 10:52pm
Quoting Hugh Briss
MrLuckystar... Again it is AGAINST THE TREND. The trend is obviously moving up, why sell it? Only buy into uptrends and sell into downtrends. If you need a visual reminder for this put a 100 sma on the chart and only buy when the price is above it and only sell when the price is below it. I would never put anyone off a trade, it might work out, but think about probability. A trend will PROBABLY continue. Trends in forex tend to continue more than they completely reverse. Saying that the daily trend is down so if you are trading 4 hour charts you...

I didn't want to get too indepth and derail your thread or anything but very nicely put and my thoughts exactly as far as how I look at it...
No man is free who is not a master of himself. -P.M.-
  • #256
  • Jan 26, 2012 10:57pm Jan 26, 2012 10:57pm
Quoting Hugh Briss
MrLuckystar... Again it is AGAINST THE TREND. The trend is obviously moving up, why sell it? Only buy into uptrends and sell into downtrends. If you need a visual reminder for this put a 100 sma on the chart and only buy when the price is above it and only sell when the price is below it. I would never put anyone off a trade, it might work out, but think about probability. A trend will PROBABLY continue. Trends in forex tend to continue more than they completely reverse. Saying that the daily trend is down so if you are trading 4 hour charts you...

Yes Hugh your right. Im still looking at indicators (cci and Stochs ) to much, vs looking at the overall trend and PA
This is where have discretion comes into play not just blindly looking at indicators.
I was really hoping to have a more mechanical approach, using indicators to help make the decision but this has to change.


hes a chart what Im looking at considering going long with the up trend.
The problem here thou is the indi's show a short trade but the trend is still up...so ignore cci and Stochs ?...:{

SR
Attached Image (click to enlarge)
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  • #257
  • Jan 26, 2012 10:59pm Jan 26, 2012 10:59pm
however same chart on the 1H.
Interesting indis pointing in same direction of overall trend....
Attached Image (click to enlarge)
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  • #258
  • Jan 26, 2012 11:00pm Jan 26, 2012 11:00pm
And perspective on M15...
Attached Image (click to enlarge)
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  • #259
  • Jan 26, 2012 11:02pm Jan 26, 2012 11:02pm
So given the above scenarios, maybe look for PA to reach a TL on the 4 H chart.
Drop down to either 1H or M15 and using Stochs/CCI when they cross in same direction as 4H trend initiate the trade...

Any thoughts there Hugh ...
  • #260
  • Jan 26, 2012 11:44pm Jan 26, 2012 11:44pm
Quoting Hugh Briss
MrLuckystar... Again it is AGAINST THE TREND. The trend is obviously moving up, why sell it? Only buy into uptrends and sell into downtrends. If you need a visual reminder for this put a 100 sma on the chart and only buy when the price is above it and only sell when the price is below it. I would never put anyone off a trade, it might work out, but think about probability. A trend will PROBABLY continue. Trends in forex tend to continue more than they completely reverse. Saying that the daily trend is down so if you are trading 4 hour charts you...
hi hugh,

this is the guide i need from experience trader...

close trade on eu with -30pip...

i already put sma 100 at H4 chart... the price is above the line... up trend (will remember this)...

looking for setup to open buy trade...

thanks...
Peace Yo!
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