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Attachments: Swing trading with heiken ashi and stochs
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Swing trading with heiken ashi and stochs

  • #661
  • Mar 13, 2012 10:17am Mar 13, 2012 10:17am
Hugh -

Have you ever tried HA smoothed? I wonder if a trend change ie color change would be as prompt as regular HA. And i don't see many posted charts using the channel - channel doesn't work?

Comments from anyone please. p.
  • #662
  • Mar 13, 2012 10:22am Mar 13, 2012 10:22am
Quoting piprac
Hugh -

Have you ever tried HA smoothed? I wonder if a trend change ie color change would be as prompt as regular HA. And i don't see many posted charts using the channel - channel doesn't work?

Comments from anyone please. p.
Hi piprac, ha smoothed is ok but lags too much for this method. The channel is just an optional extra, try it, you might like it.
  • #663
  • Mar 13, 2012 10:33am Mar 13, 2012 10:33am
Quoting mrluckystar
update:

eu sell @ 1.3152 --> tp hit +50pip (bank in).

au sell @ 1.0550... sl+1.
gu sell @ 1.5634... sl -50.
eu sell @ 1.3075... sl -50.

cheers!
update:

eu sell @ 1.3075 --> out at -25... (all usd pair seem reverse)
no more open post.

crappy PA...

im done for today.. (only 25pip today.. lol..)

see you all tommorow...
Peace Yo!
  • #664
  • Mar 13, 2012 10:36am Mar 13, 2012 10:36am
Quoting Hugh Briss
Hi piprac, ha smoothed is ok but lags too much for this method. The channel is just an optional extra, try it, you might like it.
Thank you. I have strayed a bit in my trading and paid the penalty. I don't know why I quit trading this strategy; I have had success on the 1H & 4H so here I am again!

Will take a look at the channel and see if it helps or hurts my entries. p.
  • #665
  • Mar 13, 2012 11:11am Mar 13, 2012 11:11am
Quoting mrluckystar
update:

eu sell @ 1.3075 --> out at -25... (all usd pair seem reverse)
no more open post.

crappy PA...

im done for today.. (only 25pip today.. lol..)

see you all tommorow...
Yes, a nice trend started and then reversed quite sharply. Tricky to trade.
  • #666
  • Mar 13, 2012 11:12am Mar 13, 2012 11:12am
Quoting piprac
Thank you. I have strayed a bit in my trading and paid the penalty. I don't know why I quit trading this strategy; I have had success on the 1H & 4H so here I am again!

Will take a look at the channel and see if it helps or hurts my entries. p.
Well welcome back! Take your time and concentrate on only trading strong trends in whatever timeframe they happen in.
  • #667
  • Mar 13, 2012 1:50pm Mar 13, 2012 1:50pm
Hi Hugh Briss,

Thank you for a simple, nice system. I have tried it many times on demo it works fine. It failed some times, but overall it is fine.

The original trading system was Heiken Ashi candles, with stchotastics 8,3,3 and if the price action prints the opposite colour supported by the schot, we trade in the direction of the trend.

Now, I see a band added on the charts. Is it bollinger band or keltner channel? Is that a filter?

I am not a great fan of adding more and more indicators and cluttering the charts, but if there is good filter we can add, that will be great. Can we also use the system on other time frames other than 4 hours?

Once again, thanks Hugh Briss for a simple yet great system.

thanks
forexnubie
  • #668
  • Mar 13, 2012 2:14pm Mar 13, 2012 2:14pm
Quoting forexnubie
Hi Hugh Briss,

Thank you for a simple, nice system. I have tried it many times on demo it works fine. It failed some times, but overall it is fine.

The original trading system was Heiken Ashi candles, with stchotastics 8,3,3 and if the price action prints the opposite colour supported by the schot, we trade in the direction of the trend.

Now, I see a band added on the charts. Is it bollinger band or keltner channel? Is that a filter?

I am not a great fan of adding more and more indicators and cluttering the charts, but if there is good...
Hi forexnubie, what you going to do when you're an experienced trader and still got that username? lol

The system works fine but will of course have losing trades. Just keep taking the trades and the probability will work out for you in the long run.

I'm not sure what band you are referring to? I think other people use slightly different indicators to achieve the same end. You can trade the original system as it is or you can keep the core and philosophy of the system and add your own twist to it if you have other indicators that you feel will make it easier for you to trade. It's up to you.

I believe I have said that a 50 sma can be added, also an shi channel but it's all optional. You could use a 200 sma as well to make sure you are only trading nice smooth trends. It's all fine if it works for you.

You can use the system on any timeframe from 1 min to 1 month. I like 4 hour so I'm not watching all the time but 30 min or 1 hour can give some good trades. 5 min is fine as long as you really are trading a trend and not just watching eurusd all day hoping for it to trend.
  • #669
  • Mar 13, 2012 2:57pm Mar 13, 2012 2:57pm
Hi Hugh Briss,

Kudos on finding out that I was not a newbie. How did you do that? I have been trading for a little more tha 2 years.

thanks for the reply and I am also training my wife to trade and when I asked her to choose a couple of systems yours was one of them. So simple, and logical.

So, I can still stick on with the original system just with Heiken Ashi, Stoch and the trend, right? Any more filters to keep out of bad trades?

The reason I chose the name as forexnubie was in respect to all other traders including you, compartively, you are all more experienced and better traders than me.

thanks
forexnubie, well not so nubie, a bit oldbie.
  • #670
  • Edited 7:44pm Mar 13, 2012 7:22pm | Edited 7:44pm
good mornin... (in my time zone).

im expecting another push down today for gu au n eu....

gu sell stop @ 1.5673.
reason: inside bar setup n yesterday move up not manage to break WP!

eu sell stop @ 1.3053.
reason: inside bar setup.

au sell stop will decide later...

regards.
Peace Yo!
  • #671
  • Mar 13, 2012 7:46pm Mar 13, 2012 7:46pm
i believe yesterday move on usd pair is a trap!
Attached Image
Peace Yo!
  • #672
  • Mar 14, 2012 12:30am Mar 14, 2012 12:30am
Quoting mrluckystar
good mornin... (in my time zone).

im expecting another push down today for gu au n eu....

gu sell stop @ 1.5673.
reason: inside bar setup n yesterday move up not manage to break WP!

eu sell stop @ 1.3053.
reason: inside bar setup.

au sell stop will decide later...

regards.
Good thinking Mr L, I'm watching that too.
  • #673
  • Mar 14, 2012 12:32am Mar 14, 2012 12:32am
Quoting forexnubie
Hi Hugh Briss,

Kudos on finding out that I was not a newbie. How did you do that? I have been trading for a little more tha 2 years.

thanks for the reply and I am also training my wife to trade and when I asked her to choose a couple of systems yours was one of them. So simple, and logical.

So, I can still stick on with the original system just with Heiken Ashi, Stoch and the trend, right? Any more filters to keep out of bad trades?

The reason I chose the name as forexnubie was in respect to all other traders including you, compartively,...
Yes, stick to the original system and you will do fine. Any extra "filters" can come from your own experience but the core system does well as long as you only trade what is trending.
  • #674
  • Mar 14, 2012 1:15am Mar 14, 2012 1:15am
Quoting mrluckystar
good mornin... (in my time zone).

im expecting another push down today for gu au n eu....

gu sell stop @ 1.5673.
reason: inside bar setup n yesterday move up not manage to break WP!

eu sell stop @ 1.3053.
reason: inside bar setup.

au sell stop will decide later...

regards.
update:

eu sell @ 1.3053... sl-50.
gu sell @ 1.5673... sl-50.
au sell @ 1.0547... sl+1.

regards.
Peace Yo!
  • #675
  • Mar 14, 2012 1:18am Mar 14, 2012 1:18am
Quoting mrluckystar
update:

eu sell @ 1.3053... sl-50.
gu sell @ 1.5673... sl-50.
au sell @ 1.0547... sl+1.

regards.
update:

au sell @ 1.0547 --> tp hit +50pip.

regards.
Peace Yo!
  • #676
  • Mar 14, 2012 3:18am Mar 14, 2012 3:18am
looks like another crappy move on gu...
Peace Yo!
  • #677
  • Mar 14, 2012 3:19am Mar 14, 2012 3:19am
Quoting mrluckystar
update:

au sell @ 1.0547 --> tp hit +50pip.

regards.
Nice trade.
  • #678
  • Mar 14, 2012 3:37am Mar 14, 2012 3:37am
Quoting mrluckystar
update:

eu sell @ 1.3053... sl-50.
gu sell @ 1.5673... sl-50.
au sell @ 1.0547... sl+1.

regards.
update:

gu sell @ 1.5674 --> sl hit -50! <-- im relly piss off with gu!!
Peace Yo!
  • #679
  • Mar 14, 2012 3:48am Mar 14, 2012 3:48am
Quoting mrluckystar
update:

gu sell @ 1.5674 --> sl hit -50! <-- im relly piss off with gu!!
Try to avoid gbp pairs you will see that you will get more pips in my opinion, bastards make a big stop clearing in that one !
  • #680
  • Mar 14, 2012 4:02am Mar 14, 2012 4:02am
Quoting mrluckystar
update:

eu sell @ 1.3053... sl-50.
gu sell @ 1.5673... sl-50.
au sell @ 1.0547... sl+1.

regards.
update:

2nd trade au..
au sell @ 1.0540... tp hit +50.
Peace Yo!
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