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Swing trading with heiken ashi and stochs

  • #221
  • Feb 10, 2012 5:07am Feb 10, 2012 5:07am
Quoting Hugh Briss
Mr L, sorry, been busy. I see you're out +1, better than a loss.

I would say though that the trend direction needs to be verified before any more trades, I see too much sideways for now. By next week we should have more clarity.
noted hugh,

enough for this week... i will post my summary of this week trade tommorow....

thanks...
Peace Yo!
  • #222
  • Feb 10, 2012 6:45am Feb 10, 2012 6:45am
Quoting elbuitre
My last trade on EJ:
1* 16 pip
1* 5 pip (with trailing stop)

I was in luck...

Thanks Hugh
No problem, nice trades!
  • #223
  • Feb 10, 2012 6:46am Feb 10, 2012 6:46am
Quoting mrluckystar
noted hugh,

enough for this week... i will post my summary of this week trade tommorow....

thanks...
No worries, a difficult week but still positive. That's nice.
  • #224
  • Feb 10, 2012 8:01am Feb 10, 2012 8:01am
today could be reversal day and perhaps new trend direction for next week...

at least interesting price action right now and even more interesting opportunities next week i think
  • #225
  • Feb 10, 2012 8:40am Feb 10, 2012 8:40am
Quoting elbuitre
My opinion , better be short than long on GU (soon)...

sorry
Pls check my trendlines 4 hours ago...
What a nice forecast )))

Have a great weekend !
  • #226
  • Feb 10, 2012 10:24am Feb 10, 2012 10:24am
Hi Hugh and every-one,

Just to say "many thanks" for the thread - very interesting! I'd like to raise a couple of points, please.

1. So far, the examples are on longer TFs, such as 4-hour. Do you think there is any merit in considering smaller TFs, in the hope of catching a trendy session in either London or US sessions? As an example I have attached a EU 30-minute chart to-day which showed a nice 100 pips starting at 1000 GMT (1100 my server time).

2. Do you think there is any merit in adding pivots to aid in setting the TP level? To-day's trade was a classic pivot to S3 trade.

Once again, many thanks for the thread. Have a great W/E all.

Kind regards
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  • #227
  • Feb 10, 2012 11:31am Feb 10, 2012 11:31am
Quoting elbuitre
Pls check my trendlines 4 hours ago...
What a nice forecast )))

Have a great weekend !
Nice trading! Have a good weekend.
  • #228
  • Feb 10, 2012 11:35am Feb 10, 2012 11:35am
Quoting forexgator
Hi Hugh and every-one,

Just to say "many thanks" for the thread - very interesting! I'd like to raise a couple of points, please.

1. So far, the examples are on longer TFs, such as 4-hour. Do you think there is any merit in considering smaller TFs, in the hope of catching a trendy session in either London or US sessions? As an example I have attached a EU 30-minute chart to-day which showed a nice 100 pips starting at 1000 GMT (1100 my server time).

2. Do you think there is any merit in adding pivots to aid in setting the TP level? To-day's...
Hi, thanks for your post. Your questions...

1) Yes, I have said a few times that the signal works on any timeframe but you must adjust your stop loss and take profit accordingly.

2) I'm not convinced that pivots work that well on any other pair than gbpusd. I have seen them consistently respected on gbpusd but not so much on any other pair. At the end of the day if you feel they help you to make good decisions regarding entries and exits then by all means use them. If you are going to hold a trade open and let it run rather than grabbing a quick profit as some traders here do then I recommend trailing the stop loss behind the 2nd to last candle and if any wicks form against the trend then trail closely behind those. This can keep you in for good long runs!

Have a good weekend.
  • #229
  • Feb 10, 2012 11:50am Feb 10, 2012 11:50am
Quoting Hugh Briss
Hi, thanks for your post. Your questions...

1) Yes, I have said a few times that the signal works on any timeframe but you must adjust your stop loss and take profit accordingly.

2) I'm not convinced that pivots work that well on any other pair than gbpusd. I have seen them consistently respected on gbpusd but not so much on any other pair. At the end of the day if you feel they help you to make good decisions regarding entries and exits then by all means use them. If you are going to hold a trade open and let it run rather than grabbing...
Many thanks for the quick reply, Hugh, and I hope you have a good week-end, too.
  • #230
  • Feb 10, 2012 11:49pm Feb 10, 2012 11:49pm
the basic method is deceptively simple...but profitable

Hugh post 1
  • #231
  • Feb 11, 2012 5:52am Feb 11, 2012 5:52am
hi hugh,

as promise, here are my trading summary for this week.

This week is a hard week to trade....

regards.
Attached Image (click to enlarge)
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Peace Yo!
  • #232
  • Feb 11, 2012 5:58am Feb 11, 2012 5:58am
Quoting elbuitre
Pls check my trendlines 4 hours ago...
What a nice forecast )))

Have a great weekend !
Nice trading...

peace.
Peace Yo!
  • #233
  • Feb 11, 2012 6:29am Feb 11, 2012 6:29am
Quoting mrluckystar
hi hugh,

as promise, here are my trading summary for this week.

This week is a hard week to trade....

regards.
Still a profit though. Wait until the smooth trend reappears and you'll be making good money again.
  • #234
  • Feb 12, 2012 12:29am Feb 12, 2012 12:29am
hi hugh,

here are my tought on eu...
daily already show sign of reversal (stoch, HA candle reversal and price below sma)....
on H4 Chart, price is still above sma... imho, critical point for this pair is at 1.3100... if break this, trend is bearish.....

any comment are welcome...

regards.
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Peace Yo!
  • #235
  • Feb 12, 2012 12:38am Feb 12, 2012 12:38am
Quoting mrluckystar
hi hugh,

as promise, here are my trading summary for this week.

This week is a hard week to trade....

regards.
Hi mrluckystar,

Congratulation!

Profit trades : 12 (85,71%) , Loss trades : 2 (14,29%)

Very nice job !!!
  • #236
  • Feb 12, 2012 12:51am Feb 12, 2012 12:51am
hi hugh,

here are my though on gu....

on daily chart...
seem have conflict... stoch cross, HA candle reversal but... the price is above sma...

on H4 Chart...
the price still above sma... imho, the critical point for this pair is at 1.5700... if break this...gu is brearish..

any comment are welcome..

regards.
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Peace Yo!
  • #237
  • Feb 12, 2012 12:53am Feb 12, 2012 12:53am
Quoting elbuitre
Hi mrluckystar,

Congratulation!

Profit trades : 12 (85,71%) , Loss trades : 2 (14,29%)

Very nice job !!!
thanks..
all credit is to hugh... he tought me this method...

cheers..
Peace Yo!
  • #238
  • Feb 12, 2012 2:24am Feb 12, 2012 2:24am
Mr L, looking at the daily charts it is looking like xxxusd may be about to go down but it is safest to wait for a smooth trend to develop on the 4 hour chart and then trade the pullbacks in that trend. That's the way to put the probability in your favour.

Jpy pairs still look fairly bullish.
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  • #239
  • Feb 12, 2012 6:05am Feb 12, 2012 6:05am
Quoting Hugh Briss
Mr L, looking at the daily charts it is looking like xxxusd may be about to go down but it is safest to wait for a smooth trend to develop on the 4 hour chart and then trade the pullbacks in that trend. That's the way to put the probability in your favour.

Jpy pairs still look fairly bullish.
noted hugh,
gu, eu, au n nu pair on H4 chart price still above 100sma...
trend is more to continue than reverse...

thanks.
Peace Yo!
  • #240
  • Feb 12, 2012 6:42am Feb 12, 2012 6:42am
Quoting mrluckystar
noted hugh,
gu, eu, au n nu pair on H4 chart price still above 100sma...
trend is more to continue than reverse...

thanks.
Well no, what I am saying is that the daily charts look like it's time for a reversal but rather than try to guess the reversal and jump in too soon it is better to wait for the price on the 4 hour chart to cross the 100 sma, start trading below it and more importantly show evidence of a trend to the downside before we start taking shorts. Of course if daily resistance is broken and new highs (and consequently new lows) are made then we can follow the trends higher still.
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