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Swing trading with heiken ashi and stochs

  • #721
  • Mar 16, 2012 6:45am Mar 16, 2012 6:45am
a possible H&S form on GU???
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Peace Yo!
  • #722
  • Mar 16, 2012 6:48am Mar 16, 2012 6:48am
im expecting eu nu n au to dive....
reason: stoch on h2 n h4 at overbought area...
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Peace Yo!
  • #723
  • Mar 16, 2012 6:55am Mar 16, 2012 6:55am
agree with you mrluckystar
watching h4
  • #724
  • Mar 16, 2012 7:37am Mar 16, 2012 7:37am
Quoting mrluckystar
eu gu nu n au "ping pong" PA....
Lol, good pic.
  • #725
  • Mar 16, 2012 7:58am Mar 16, 2012 7:58am
Quoting Hugh Briss
Lol, good pic.
glad you like it... a moment to chill out...
Peace Yo!
  • #726
  • Mar 16, 2012 10:23am Mar 16, 2012 10:23am
hi hugh,

im done for today...
total of 400pip this week..

see you all next week..
hopefully a better PA for next week..

peace..
Peace Yo!
  • #727
  • Mar 16, 2012 10:37am Mar 16, 2012 10:37am
Quoting mrluckystar
hi hugh,

im done for today...
total of 400pip this week..

see you all next week..
hopefully a better PA for next week..

peace..
Nice trading Mr L, see you next week.
  • #728
  • Mar 18, 2012 7:40am Mar 18, 2012 7:40am
Hi, Hugh Briss

I'm following your thread with the utmost interest and I'd like to know your opinion about this special setup (chart here joined) : the price is very far from the 100SMA !

TIA

Regards

BBF
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BigBlackfeet Always on the(forex) war path !
  • #729
  • Mar 18, 2012 12:02pm Mar 18, 2012 12:02pm
Quoting BLACKFEET
Hi, Hugh Briss

I'm following your thread with the utmost interest and I'd like to know your opinion about this special setup (chart here joined) : the price is very far from the 100SMA !

TIA

Regards

BBF
Don't get me wrong, countertrend trades can and do work out a lot of the time. For me it's a question of probability. If you are only trading in the direction of the main trend you have probability and the maximum amount of momentum on your side. The pushes away from the moving average tend to be longer and happen faster, both of which are aspects you want on your side. If you're going to trade countertrend then do so carefully and yes you will probably make money but be very careful with where you place your stops and trail them more aggressively than you would when trading with the trend.
  • #730
  • Mar 18, 2012 12:59pm Mar 18, 2012 12:59pm
Hi Hugh Briss,

If we play it on the 1 hour, will you take into account the 4 hour trend only, the immediate higher time frame or the daily also? What if 1hour and 4 hour are the same but the daily is opposite?

Also, if the weekly and daily are conflicting, on the 4 hour, which one would you prefer?

Whenever we want to trade with the trend, you mean trend on the immediate high time frames, or the trends on the weekly and daily?

Just want to avoid counter trend as much as possible to increase reliability.

thanks
  • #731
  • Mar 18, 2012 2:23pm Mar 18, 2012 2:23pm
Quoting forexnubie
Hi Hugh Briss,

If we play it on the 1 hour, will you take into account the 4 hour trend only, the immediate higher time frame or the daily also? What if 1hour and 4 hour are the same but the daily is opposite?

Also, if the weekly and daily are conflicting, on the 4 hour, which one would you prefer?

Whenever we want to trade with the trend, you mean trend on the immediate high time frames, or the trends on the weekly and daily?

Just want to avoid counter trend as much as possible to increase reliability.

thanks
Just follow the trend on the timeframe you are looking at. You can confuse yourself terribly looking at too many timeframes. If the moving average is sloping down the page and the price is zig zagging down below it then just trade it short and vice versa for long.
  • #732
  • Mar 18, 2012 4:31pm Mar 18, 2012 4:31pm
hi hugh,

quick question, I noticed that earlier in the thread you posted some charts on smaller timeframe, did you still use the 100SMA to determine the entry?
  • #733
  • Mar 18, 2012 4:53pm Mar 18, 2012 4:53pm
Quoting neuron
hi hugh,

quick question, I noticed that earlier in the thread you posted some charts on smaller timeframe, did you still use the 100SMA to determine the entry?
Yes, if the ma is sloping down nicely and the price is making lower highs and lower lows then it's a strong tradeable trend. Works on all timeframes.
  • #734
  • Mar 18, 2012 5:06pm Mar 18, 2012 5:06pm
I've had some pm's recently and some questions on the thread about the moving averages. Remember, we are not trying to predict anything here, we are using the power of probability. When a trend is in place it will normally continue for a while, it's one of the best things about forex. If we can identify a trend and a good place to enter that trend then we can make money. The moving averages are just a method I use to define the trend in a simple fashion. Strictly speaking they are not necessary because you should be able to spot higher highs and higher lows or lower highs and lower lows which are the sign of a good trend but I like using moving averages so I can just take a quick glance at a chart and immediately tell the strength and direction of the trend. Don't overthink this too much, take a look at the charts at the start of the thread again. When the 100 sma is sloping up and price is zig zagging up it's an uptrend, when the slope is down it's a downtrend. Only buy in uptrends and only sell in downtrends. After that you just need a smooth pullback and a smooth ha change, smooth stoch cross and you're in. Keep it simple.
  • #735
  • Mar 18, 2012 5:16pm Mar 18, 2012 5:16pm
I love these sort of strategies, simple trend following stuff is always the most consistent...

thumbs up from me
tradewith60
  • #736
  • Mar 18, 2012 9:26pm Mar 18, 2012 9:26pm
im watching au n nu....
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Peace Yo!
  • #737
  • Mar 18, 2012 11:44pm Mar 18, 2012 11:44pm
Hi guys im new here and have been reading this simple yet effective strategy. i tried it with usdjpy 5min in demo and seems to be working well. thanks a lot for sharing this hugh
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  • #738
  • Mar 18, 2012 11:55pm Mar 18, 2012 11:55pm
Quoting mrluckystar
im watching au n nu....
au sell stop @ 1.0570..
nu sell stop @ 0.8242..

regards.
Peace Yo!
  • #739
  • Mar 19, 2012 7:19am Mar 19, 2012 7:19am
Quoting mrluckystar
au sell stop @ 1.0570..
nu sell stop @ 0.8242..

regards.
nu sell @ 0.8242... sl-50.
au sell stop @ 1.0570...


bull are fighthing with bear like boxing.....
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Peace Yo!
  • #740
  • Mar 19, 2012 8:09am Mar 19, 2012 8:09am
Quoting mrluckystar
nu sell @ 0.8242... sl-50.
au sell stop @ 1.0570...


bull are fighthing with bear like boxing.....
certainly was, maybe confusion around the FOMC release?

I entered EURUSD, NZDUSD and AUDUSD short based on 100SMA, 4H HA, Stochs

I'm finding the uncorrelation of EUR to GBP this session uncomfortable lol
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