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Swing trading with heiken ashi and stochs

  • #1,041
  • May 3, 2012 3:19pm May 3, 2012 3:19pm
3 good trades out of 5 and small losses on the other 2. Audusd hourly using the original system.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd original system.gif Size: 22 KB
  • #1,042
  • May 3, 2012 4:14pm May 3, 2012 4:14pm
Quoting Hugh Briss
3 good trades out of 5 and small losses on the other 2. Audusd hourly using the original system.
Very nice!
  • #1,043
  • May 3, 2012 4:29pm May 3, 2012 4:29pm
Quoting Hugh Briss
3 good trades out of 5 and small losses on the other 2. Audusd hourly using the original system.
Good job, Hugh. Congratulations.

..... "did you enter at the "close" of the color-change of the candle?
I'm assuming that is the case, because you don't know the color until after the period closes (i.e. 1-Hour)

THX - Coast...
  • #1,044
  • May 3, 2012 9:25pm May 3, 2012 9:25pm
I found what I believe is a better alternative to the "quick draw" indicator to show round number levels at 100 & 50 pip intervals. The advantage is:
1. you can set different line types / colours for the 100 & 50 intervals - AND
2. if you delete the indicator, the lines are also deleted (not left as objects on the chart like quick draw).

I've set the default colour to Indigo, but you can modify & recompile or set it when you attach it & save in the template.

Obviously, save the file in your .../experts/indicators folder and restart.

From the thread http://www.forexfactory.com/showthread.php?t=44133
Attached File(s)
File Type: mq4 SweetSpots GOLD.mq4   4 KB | 309 downloads
Still learning - No guarantees...
  • #1,045
  • May 3, 2012 10:09pm May 3, 2012 10:09pm
Also did a revision of the P4L Clock I've been using to correctly show spreads & ranges. For explanation see http://www.forexfactory.com/showthre...42#post5632342

My revised file is attached. Hope someone finds these a useful addition to HB's stategies.
Attached Image (click to enlarge)
Click to Enlarge Name: P4L Clock & Sweetspot Gold.PNG Size: 52 KB
Attached File(s)
File Type: mq4 P4L Clock Rev1.mq4   100 KB | 314 downloads
Still learning - No guarantees...
  • #1,046
  • May 3, 2012 10:22pm May 3, 2012 10:22pm
Quoting Hugh Briss
3 good trades out of 5 and small losses on the other 2. Audusd hourly using the original system.
Good one HB. Would be nice to do that all the time! I managed one nice 55 pip trade out of that. Didn't get the right sequence for the others & got stopped out of a AJ short on the NY open. Hope you don't mind my adding a few indicators on the thread...just thought they might be useful.

Rgds, Ozefex.
Still learning - No guarantees...
  • #1,047
  • May 4, 2012 12:16am May 4, 2012 12:16am
Quoting Coast101
Good job, Hugh. Congratulations.

..... "did you enter at the "close" of the color-change of the candle?
I'm assuming that is the case, because you don't know the color until after the period closes (i.e. 1-Hour)

THX - Coast...
You answered that one yourself!
  • #1,048
  • May 4, 2012 12:17am May 4, 2012 12:17am
Quoting Ozefex
Good one HB. Would be nice to do that all the time! I managed one nice 55 pip trade out of that. Didn't get the right sequence for the others & got stopped out of a AJ short on the NY open. Hope you don't mind my adding a few indicators on the thread...just thought they might be useful.

Rgds, Ozefex.
Yes no problem, add whatever you think might be useful.
  • #1,049
  • May 4, 2012 4:00am May 4, 2012 4:00am
Hello Friends. Mrket very quiet ahead of NFM later today I guess.

But spotted this signal on Eurjpy and went for it. Sold at 105.33. Nearest support is at 104.60 area. Looking for a move to atleast 104.80 to take profit. S/L placed at 105.75. Previous high 105.63. RR slightly better than 1:1

DD
  • #1,050
  • May 4, 2012 4:04am May 4, 2012 4:04am
Forgot to attach the chart.

DD
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 4may12.gif Size: 25 KB
  • #1,051
  • May 4, 2012 5:08am May 4, 2012 5:08am
Quoting Dildubai
Hello Friends. Mrket very quiet ahead of NFM later today I guess.

But spotted this signal on Eurjpy and went for it. Sold at 105.33. Nearest support is at 104.60 area. Looking for a move to atleast 104.80 to take profit. S/L placed at 105.75. Previous high 105.63. RR slightly better than 1:1
DD
Just my observation & not an expert opinion - This could be a good breakout trade with about 80 pips potential if it moved fast enough. The last EUR news (Final Services PMI) was supposed to be bad for the currency, so maybe this could be the start of a significant fall against the Yen. EU also looks like it could break lower. Only drawback is that it's Friday so it may not meet your target if you want to close before the w/e.

I have a short on AU at the moment from 1.02643 currently +20 pips up but have the same problem with the end of the week & the upcoming NFP.
Still learning - No guarantees...
  • #1,052
  • May 4, 2012 5:45am May 4, 2012 5:45am
Quoting Ozefex
Just my observation & not an expert opinion - This could be a good breakout trade with about 80 pips potential if it moved fast enough. The last EUR news (Final Services PMI) was supposed to be bad for the currency, so maybe this could be the start of a significant fall against the Yen. EU also looks like it could break lower. Only drawback is that it's Friday so it may not meet your target if you want to close before the w/e.

I have a short on AU at the moment from 1.02643 currently +20 pips up but have the same problem with the end of the week...
Mate I am beginning to feel that this might not be the right time to be holding this trade. The market is too choppy and hardly going anywhere.

The Friday syndrome plus the upcoming NFP has drained the market enthusiasm.

I guess I will just watch it for a bit and get out with whatever profit I can get.

Thanks for the heads up
.
DD
  • #1,053
  • May 4, 2012 5:51am May 4, 2012 5:51am
Quoting Dildubai
Mate I am beginning to feel that this might not be the right time to be holding this trade. The market is too choppy and hardly going anywhere.

The Friday syndrome plus the upcoming NFP has drained the market enthusiasm....
.
DD
EU retail sales were up a bit so that may negate the bad news for now. Who knows which way the NFP will go or what will be the affect - probably just enough volatility to hit your stop...then head off in the direction you first thought!
Still learning - No guarantees...
  • #1,054
  • May 4, 2012 6:06am May 4, 2012 6:06am
AU is sitting on significant support around 1.0250. Current economic outlook is Aus is looking slightly bleaker (not compared to Europe...), and significant budget cuts expected next week. Not sure if that is good or bad for the currency but further interest rate cuts are also expected next month following the 0.50 cut this week. Seems potential for the Aussie to head towards parity or even below (but that would probably take some more slowdown in China). I'll probably leave this short open on my demo account for the experience.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd2.PNG Size: 71 KB
Still learning - No guarantees...
  • #1,055
  • May 4, 2012 6:08am May 4, 2012 6:08am
If you can get to break even before the news hits then that's a really good idea. NFP could send the price 100 pips in your favour but it can also jump 30 pips against you before you know what's happened. Don't get caught out, best to have nothing open but break even is next best.
  • #1,056
  • May 4, 2012 6:14am May 4, 2012 6:14am
I love Heiken candles. I have switched to Renko candles mostly. Years ago, I had MT4 send a text 24/7 to alert me of crossovers. Now I just trade the opening futures market and play and sleep the other 22 hours!!
  • #1,057
  • May 4, 2012 6:30am May 4, 2012 6:30am
Quoting Hugh Briss
If you can get to break even before the news hits then that's a really good idea. NFP could send the price 100 pips in your favour but it can also jump 30 pips against you before you know what's happened. Don't get caught out, best to have nothing open but break even is next best.
You've convinced me... Only 14 pips up at the moment but decided to move stop to BE. Could be lucky with the NFP but more than likely the volatility will hit the SL. Anyway, with the SL set I'd be comfortable with this on a live account now.
Still learning - No guarantees...
  • #1,058
  • May 4, 2012 6:35am May 4, 2012 6:35am
Quoting ShadyChars
I love Heiken candles. I have switched to Renko candles mostly. Years ago, I had MT4 send a text 24/7 to alert me of crossovers. Now I just trade the opening futures market and play and sleep the other 22 hours!!
Sounds ideal, but I'm betting its not quite as simple as that...
Still learning - No guarantees...
  • #1,059
  • May 4, 2012 7:27am May 4, 2012 7:27am
Quoting Ozefex
Just my observation & not an expert opinion - This could be a good breakout trade with about 80 pips potential if it moved fast enough. The last EUR news (Final Services PMI) was supposed to be bad for the currency, so maybe this could be the start of a significant fall against the Yen. EU also looks like it could break lower. Only drawback is that it's Friday so it may not meet your target if you want to close before the w/e.

I have a short on AU at the moment from 1.02643 currently +20 pips up but have the same problem with the end of the week...
The market is stuck ahead of NFP.

Closed at break even.

Think will give it a rest for the week. Come back on monday and see how things are going

Nice weekend friends

DD
  • #1,060
  • May 4, 2012 7:38am May 4, 2012 7:38am
Don't forget there is a UK bank holiday on Monday so it could be a quiet day too. Tuesday should be back to normal.
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