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Swing trading with heiken ashi and stochs

  • #121
  • Feb 7, 2012 9:59pm Feb 7, 2012 9:59pm
I must say that i'm a bit impress right now.

Using CCI14/Stoch, with the sma100 + bollinger bands seem to give good signal so far. I will be looking for some money management strategy on that one for sure.

Mr. Lucky, what about your test? I see in your signature that stoch cross + HA candle reversal + follow trend seem promising? I must admit the only thing i'm not comfortable with right now is with the Heiken Ashi candles, but I supose this is my own problem

If you are okay with this Hugh, I would like to maybe doing brainstorming with you guys, with the different indicators and method we could use with this. So far we have :

CCI14
Stochastic 8,3,3 (Hugh) / 14,3,5 (Lucky)
SMA100
Bollinger Bands
Heiken Ashi candles

I'm pretty sure we can sort out something with higher probability if we try different setting. Personally, I like to use the CCI14 over-bought / over-sold data. I'm using 150 and -150 spike to determine if I enter a trade or no.

Malouin
Slowly, but surely...
  • #122
  • Feb 7, 2012 11:04pm Feb 7, 2012 11:04pm
Quoting Malouin
I must say that i'm a bit impress right now.

Using CCI14/Stoch, with the sma100 + bollinger bands seem to give good signal so far. I will be looking for some money management strategy on that one for sure.

Mr. Lucky, what about your test? I see in your signature that stoch cross + HA candle reversal + follow trend seem promising? I must admit the only thing i'm not comfortable with right now is with the Heiken Ashi candles, but I supose this is my own problem

If you are okay with this Hugh, I would like to maybe doing brainstorming...
hi malouin..

i have follow this method almost 2 week plus...
it an awesome method... credit to hugh for this...

my first week summary:
40% winning and 60% loss... reason... i dont follow trend.. that mean i always buy and sell every time i see stoch cross and see reversal HA candle...
at a point... hugh told me to follow the trend by putting 100sma on my chart...

my second week summary:
as you see at post #11... that is my summary of last week trade... 6 trade hit tp, 1 BE (+1) and 3 lost (close at -ve. not hit sl)... a 70% win...

this week trade (only 2 day):
total of trade is 7... 5 hit tp and 2 manual close (at +11 n +35)..

when im using this method... im looking this 3 thing (stoch, sma and HA candle) in my chart... my PA analysis is totally for me to decide wether my lot is big or small only...

im using MM 2 method (1:1).... 50pip tp and 50pip sl... so far still ok... hopefully when time comes hugh will gether the data and we will know which one MM is the best for using this method...

regards.
Peace Yo!
  • #123
  • Feb 8, 2012 12:00am Feb 8, 2012 12:00am
Quoting Malouin
I must say that i'm a bit impress right now.

Using CCI14/Stoch, with the sma100 + bollinger bands seem to give good signal so far. I will be looking for some money management strategy on that one for sure.

Mr. Lucky, what about your test? I see in your signature that stoch cross + HA candle reversal + follow trend seem promising? I must admit the only thing i'm not comfortable with right now is with the Heiken Ashi candles, but I supose this is my own problem

If you are okay with this Hugh, I would like to maybe doing brainstorming with...
Don't fall into the trap of always looking for the perfect settings. A trading system will always have losses and you will never "filter" them all. You'd do better to concentrate on one or two indicators and frankly it makes no difference which ones you use. I like to use heiken ashi because they look smooth on the chart. I like the 100 sma because it makes it easy to immediately know the trend. I like the stochastics because they give me information about the strength of the pullback and the change in momentum from down to up and up to down. When I put the three together and only trade with the trend then I have a very good probability of the trade going in my favour, at least for 25 pips to get to break even.

You can use any indicators you like but don't spend too long worrying about what indicator with what settings. Learn the limitations of the indie you are using, learn what to look for in a good trend and then just trade it. You will never find the perfect indicator. Money management is much more important than the method.
  • #124
  • Feb 8, 2012 12:02am Feb 8, 2012 12:02am
I closed out usdcad and gold for small losses. I'm up a little for the week so far due to my nice gold trade yesterday but have dropped back from my highs. The 4 hour charts aren't giving many good trades at the moment so I will have to be more patient and wait for the optimal setup. I will have a look later for any possible trades in the lower timeframes.
  • #125
  • Feb 8, 2012 12:35am Feb 8, 2012 12:35am
hi hugh,

found setup at au...
buy at 1.0829...
target tp 50pip..

gu n eu no trade... stoch is already too high...

regards.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: capture_11.png Size: 117 KB
Peace Yo!
  • #126
  • Feb 8, 2012 1:17am Feb 8, 2012 1:17am
i just woke up and it is too late for EUR AUD 1H. i will be looking at 15m if i can get a clear signal to enter.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD 1H.png Size: 53 KB
  • #127
  • Feb 8, 2012 1:18am Feb 8, 2012 1:18am
Quoting mrluckystar
hi hugh,

found setup at au...
buy at 1.0829...
target tp 50pip..

gu n eu no trade... stoch is already too high...

regards.
Looks good. I've taken euraud short, almost a ha doji with stoch cross. Nzdjpy 15 min, I'd like to see a nice smooth pullback on this one.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euraud 8th feb 2012 07.10.gif Size: 22 KB
Click to Enlarge Name: nzdjpy 8th feb 2012 07.15.gif Size: 20 KB
  • #128
  • Feb 8, 2012 1:24am Feb 8, 2012 1:24am
actually i should have wait Stoch cross to enter. i entered a little bit earlier. half of the position closed.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 5m.png Size: 57 KB
  • #129
  • Feb 8, 2012 2:22am Feb 8, 2012 2:22am
Quoting Hugh Briss
Does anybody know if there is a version of this with an alert?
Hi Hugh !

You can find here 1760 indi with alert (some of them) at 258 post:
http://www.forexfactory.com/showthre...246111&page=18

Good luck
  • #130
  • Feb 8, 2012 3:21am Feb 8, 2012 3:21am
Quoting Arel
actually i should have wait Stoch cross to enter. i entered a little bit earlier. half of the position closed.
Are you buying or selling that? If you're buying the stochs are too high aready, wait for a pullback. If you're selling, don't, it's against the trend.
  • #131
  • Feb 8, 2012 3:22am Feb 8, 2012 3:22am
Quoting elbuitre
Hi Hugh !

You can find here 1760 indi with alert (some of them) at 258 post:
http://www.forexfactory.com/showthre...246111&page=18

Good luck
Great stuff, thanks, I'll have a look.
  • #132
  • Feb 8, 2012 3:45am Feb 8, 2012 3:45am
Quoting Hugh Briss
Great stuff, thanks, I'll have a look.
But if you have an idea (or need an alert) , don't hesitate to send me that and i will try to code it (asap).

Regards, Peter
  • #133
  • Feb 8, 2012 4:18am Feb 8, 2012 4:18am
Quoting elbuitre
But if you have an idea (or need an alert) , don't hesitate to send me that and i will try to code it (asap).

Regards, Peter
That would be great if you could make the HA doji spotter alert when a doji forms!
  • #134
  • Feb 8, 2012 4:34am Feb 8, 2012 4:34am
Quoting Hugh Briss
That would be great if you could make the HA doji spotter alert when a doji forms!
Ok. I'll make it , but i need time (im a bit busy) ...
  • #135
  • Feb 8, 2012 4:41am Feb 8, 2012 4:41am
Quoting mrluckystar
hi hugh,

found setup at au...
buy at 1.0829...
target tp 50pip..

gu n eu no trade... stoch is already too high...

regards.
update:

trade close...lost (-5pip)...
stoch is too high... need to have retrace a bit and gain momentum to up again...
Peace Yo!
  • #136
  • Feb 8, 2012 5:15am Feb 8, 2012 5:15am
Is this a valid potential long entry on EURUSD M30 ?


Cheers,
Pierre
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 8-2-2012.gif Size: 27 KB
  • #137
  • Feb 8, 2012 5:28am Feb 8, 2012 5:28am
Quoting PierreFX8888
Is this a valid potential long entry on EURUSD M30 ?


Cheers,
Pierre

imho, personally I wouldn't if you look at the higher tf, stochs and price action shows some bearish indications...
  • #138
  • Feb 8, 2012 5:53am Feb 8, 2012 5:53am
Quoting patmq
imho, personally I wouldn't if you look at the higher tf, stochs and price action shows some bearish indications...


Thanks.


Cheers,
Pierre
  • #139
  • Feb 8, 2012 6:10am Feb 8, 2012 6:10am
Quoting PierreFX8888
Is this a valid potential long entry on EURUSD M30 ?


Cheers,
Pierre
Patmq answered this correctly but also the trend is sideways on that timeframe. I prefer to see a smooth pullback and then a turn in the direction of the trend. Although the 100 sma is moving up the price has just bumbled along sideways for a while.
  • #140
  • Feb 8, 2012 7:22am Feb 8, 2012 7:22am
Quoting Hugh Briss
Patmq answered this correctly but also the trend is sideways on that timeframe. I prefer to see a smooth pullback and then a turn in the direction of the trend. Although the 100 sma is moving up the price has just bumbled along sideways for a while.


Thanks.
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