Swing trading with heiken ashi and stochs | Page 46 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading with Heiken Ashi and Heiken Ashi smoothed - Hybrid 362 replies

Heiken Ashi and Heiken Ashi Smoothed EA needed for Renko 11 replies

Trendlines with Heiken Ashi and Stochs System 367 replies

Trading the heiken-ashi megapips system. 2 replies

EA for Heiken Ashi + Heiken Ashi Smoothed 4 replies

Attachments: Swing trading with heiken ashi and stochs
Exit Attachments

Swing trading with heiken ashi and stochs

  • #901
  • Edited 5:12pm Apr 23, 2012 4:47pm | Edited 5:12pm
Quoting panguFX
took this trade on audnzd h4, weekly stoch is coming up from 20.

i'm wondering about sl, ive been using daily ATR (5),
any opinions is it ok to use ATR or shall i stick to 50 pips?
thx
Are you saying you took this long on H4? The weekly stoch is coming up, but looks like the daily is going down. This is either a long term weekly trade with a very large SL (below the last weekly low 2 bars back?) or it could be a problem. I wouldn't call it a H4 trade. Hugh might give his opinion if he's still awake. Good luck anyway!
Still learning - No guarantees...
  • #902
  • Apr 23, 2012 6:12pm Apr 23, 2012 6:12pm
Quoting Ozefex
Are you saying you took this long on H4? The weekly stoch is coming up, but looks like the daily is going down. This is either a long term weekly trade with a very large SL (below the last weekly low 2 bars back?) or it could be a problem. I wouldn't call it a H4 trade. Hugh might give his opinion if he's still awake. Good luck anyway!
i didn't see daily. i'm out round breakeven. thx.
  • #903
  • Apr 24, 2012 12:30am Apr 24, 2012 12:30am
Quoting panguFX
i didn't see daily. i'm out round breakeven. thx.
Pangu, AUD was hit by low CPI figures released today and will be affected by likely reduction in RBA official interest rate. This was probably anticipated by the market which is why the daily was pulling back. Cheers.
Still learning - No guarantees...
  • #904
  • Apr 24, 2012 12:38am Apr 24, 2012 12:38am
Quoting Ozefex
Are you saying you took this long on H4? The weekly stoch is coming up, but looks like the daily is going down. This is either a long term weekly trade with a very large SL (below the last weekly low 2 bars back?) or it could be a problem. I wouldn't call it a H4 trade. Hugh might give his opinion if he's still awake. Good luck anyway!
Audnzd is too choppy for me to trade anyway generally.
  • #905
  • Apr 24, 2012 3:16am Apr 24, 2012 3:16am
Quoting hharrington
No risk no reward, Mr Lucky. Trading HA's and stochastics are so much fun. One of my favorite pairs to trade.

HH
Kindly provide me all the Indicators and TPL of the Chart you have Posted.
I would be thankful & Obliged for your help.
  • #906
  • Apr 24, 2012 8:06am Apr 24, 2012 8:06am
Quoting Hugh Briss
In answer to your previous question the take profit criteria is open to your own personal choice. A few people take profit at +50 pips but letting the trade run can often yield more, but of course can also give some back.

Your next questions... I like the stoch cross to occur in the OB or OS areas but just below is fine too. Entry is on the close of the first HA candle that closes with a change of colour. The 100 sma is merely a guide to the trend. In general only trade long when the HA candles are above and short when below.
How simple can a strategy be? Well, Hugh's 5 lines in post #888 says everything about KISS trading.
  • #907
  • Apr 24, 2012 9:34am Apr 24, 2012 9:34am
Got my first trade under my belt on the USD/JPY - went Sunday to Tuesday AM - good for a handfull of PIP's could have closed it up 25 at one point - but was looking for the full 50 - it hit my over night SL and I woke up to it closed... But I learned a lot and I look forward to many more trades..... I belive I will watch and post PIC's when the "surf looks up" to get your opinion....

Can wait for Hugh's report on his lower time frame experiments/methods

Lets get more PIPs !

Drzeep...
  • #908
  • Apr 24, 2012 10:07am Apr 24, 2012 10:07am
Hugh,

Just came across this thread!!
When I started looking into FX I looked at Heikin Ashi and liked what I saw.
I'll try this system and let you know how I get on (still doing the Fibo's) :-)

Do you trade different tf's on this or only 4HR?
  • #909
  • Apr 24, 2012 10:19am Apr 24, 2012 10:19am
Its OK Hugh - just found your pdf download so I will try on different time frames.
  • #910
  • Apr 24, 2012 10:42am Apr 24, 2012 10:42am
USDJPY short that set up just below the 100 SMA after Monday open (post #892) was up to 56 pips in profit before pulling back to hit my SL at +23.4 pips. Should have set my TP for 50 pips instead of the 85 pips (which was at support but too ambitious).

Sold AUDUSD after the CPI figures were announced Tuesday Sydney time and EURGBP because I thought it looked weak. Neither set up well according to the rules and are now at -45 pips! I have approx. 50 pip SL's on each (above last highs) and the trades may yet come good, but I really must stick to proper setups for less stress.

Seems to be another choppy trade week.
Still learning - No guarantees...
  • #911
  • Apr 24, 2012 11:20am Apr 24, 2012 11:20am
Quoting drzeepfx
Got my first trade under my belt on the USD/JPY - went Sunday to Tuesday AM - good for a handfull of PIP's could have closed it up 25 at one point - but was looking for the full 50 - it hit my over night SL and I woke up to it closed... But I learned a lot and I look forward to many more trades..... I belive I will watch and post PIC's when the "surf looks up" to get your opinion....

Can wait for Hugh's report on his lower time frame experiments/methods

Lets get more PIPs !

Drzeep...
Well done with the trade. Usdjpy doesn't tend to move as much as other pairs, was a similar trade available on another pair? To be honest I didn't look. Please do post charts and trades here, the more the merrier.
  • #912
  • Apr 24, 2012 11:21am Apr 24, 2012 11:21am
Quoting Raggs
Hugh,

Just came across this thread!!
When I started looking into FX I looked at Heikin Ashi and liked what I saw.
I'll try this system and let you know how I get on (still doing the Fibo's) :-)

Do you trade different tf's on this or only 4HR?
Hi, good to see you over here. Yes, all timeframes as long as it is trending. If you want to add more moving averages to help define the trend for you then that is fine too, try 50 sma and 200 sma along with the 100, when all 3 are in "proper order" then wait for a smooth pullback.
  • #913
  • Apr 24, 2012 11:22am Apr 24, 2012 11:22am
Quoting Ozefex
USDJPY short that set up just below the 100 SMA after Monday open (post #892) was up to 56 pips in profit before pulling back to hit my SL at +23.4 pips. Should have set my TP for 50 pips instead of the 85 pips (which was at support but too ambitious).

Sold AUDUSD after the CPI figures were announced Tuesday Sydney time and EURGBP because I thought it looked weak. Neither set up well according to the rules and are now at -45 pips! I have approx. 50 pip SL's on each (above last highs) and the trades may yet come good, but I really must stick to...
That can happen. The best setups tend to give the best trades but did you need me to tell you that?!
  • #914
  • Apr 24, 2012 11:35am Apr 24, 2012 11:35am
I've been concentrating on the fib trading thread for a while now and missed some good trades from this system. Just though I'd post a few here that set up recently. Sorry it's in hindsight but I've posted plenty before they set up too! This gives you an idea of what you're looking for.

I've added some charts from different timeframes and trades taken at different times of day as I know there are traders here from all over the world. The trades are out there, just got to be there to take them.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euraud 1 hour 24th april 2012 17.26.gif Size: 17 KB
Click to Enlarge Name: gbpchf 4 hour 24th april 2012 17.29.gif Size: 18 KB
Click to Enlarge Name: audchf 1 hour 24th april 2012 17.33.gif Size: 17 KB
Click to Enlarge Name: audjpy 1 hour 24th april 2012 17.33.gif Size: 18 KB
  • #915
  • Apr 24, 2012 12:21pm Apr 24, 2012 12:21pm
Quoting Hugh Briss
I've been concentrating on the fib trading thread for a while now and missed some good trades from this system. Just though I'd post a few here that set up recently. Sorry it's in hindsight but I've posted plenty before they set up too! This gives you an idea of what you're looking for.

I've added some charts from different timeframes and trades taken at different times of day as I know there are traders here from all over the world. The trades are out there, just got to be there to take them.
Just saw your thread now. Thanks Hugh for your work! Very good !
  • #916
  • Apr 24, 2012 4:33pm Apr 24, 2012 4:33pm
Quoting Hugh Briss
I've been concentrating on the fib trading thread for a while now and missed some good trades from this system. Just though I'd post a few here that set up recently. Sorry it's in hindsight but I've posted plenty before they set up too! This gives you an idea of what you're looking for.

I've added some charts from different timeframes and trades taken at different times of day as I know there are traders here from all over the world. The trades are out there, just got to be there to take them.
Hi Hugh. Thank you for the screenshots.

I've noticed that you have a red vertical line on HA candle that changed the color.

Entry point is on the next candle?

I will modify your picture for my understanding:
Attached Image (click to enlarge)
Click to Enlarge Name: euraud 1 hour 24th april 2012 17.26.gif Size: 22 KB
  • #917
  • Apr 24, 2012 7:16pm Apr 24, 2012 7:16pm
Quoting Ozefex
....Sold AUDUSD after the CPI figures were announced Tuesday Sydney time ....
Example of a bad trade. Entered on momentum but it wasn't enough. Next time will try to wait for the setup - which will come
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.PNG Size: 43 KB
Still learning - No guarantees...
  • #918
  • Apr 25, 2012 4:36am Apr 25, 2012 4:36am
Quoting Baiazid
Hi Hugh. Thank you for the screenshots.

I've noticed that you have a red vertical line on HA candle that changed the color.

Entry point is on the next candle?

I will modify your picture for my understanding:
Attachment
That's just marking the signal candle.
  • #919
  • Apr 25, 2012 9:55am Apr 25, 2012 9:55am
Quoting Ozefex
Example of a bad trade. Entered on momentum but it wasn't enough. Next time will try to wait for the setup - which will come
As a Beginer I would like to ask what would have made this trade better from the point of view of viewing the chart at the time the trade was plasced? Better angle on the SMA? Trade closer to where the SMA was line was broken?

Because in looking it over I might have also thought it was a fair to good setup....
  • #920
  • Apr 25, 2012 10:42am Apr 25, 2012 10:42am
Quoting drzeepfx
As a Beginer I would like to ask what would have made this trade better from the point of view of viewing the chart at the time the trade was plasced? Better angle on the SMA? Trade closer to where the SMA was line was broken?

Because in looking it over I might have also thought it was a fair to good setup....
Not a big enough pullback. You need a nice smooth pullback for the best trades.
1 trader viewing now