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Swing trading with heiken ashi and stochs

  • #1,161
  • May 15, 2012 11:27pm May 15, 2012 11:27pm
Loving this system

Shorting the NZD/USD 20 pips+ so far
  • #1,162
  • May 15, 2012 11:44pm May 15, 2012 11:44pm
Many pairs over extended, but have open short postions on AU & AJ at break of minor intermediate support.

Daily & Weekly charts indicate room for further move down, even if there may be a short term pull back. So far so good.

Ozefex
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au short.PNG Size: 40 KB
Click to Enlarge Name: aj short.PNG Size: 40 KB
Still learning - No guarantees...
  • #1,163
  • May 16, 2012 12:21am May 16, 2012 12:21am
Quoting drzeepfx
One of my fantasy trips is to come to the UK for a Aston Villa home game - Dont ask me why Aston Villa choosen just at random not really that big a football/soccor fan - but would love for the kids to have an overseas trip.....

LOL 300 PIPs per trade? If I can get a couple a week I will be in the stands by October....

Well I've been past their ground and it's not in the prettiest part of Birmingham. Actually I don't think Birmingham has a pretty part! You'd be better off supporting Cambridge FC, one of our better cities.

I took 400 pips profit on my first two trades combined last night, 210 ish on one and 190 ish profit on the other. I've stil got my entry from yesterday up 120. If it pulls back I'll add another. It's all about being patient and holding the trades open long enough for them to work for you. I took some profit because we have already had a big move down and the bad news can't last forever. If I'm wrong and it does carry on down then at least I've still got a position.

The funny thing is it really wasn't that hard or stressful to build that position, I just took 30 pips risk on each trade and got to break even after 20 then let them run. That feels like a sustainable and replicatable system. This is definitely the way I like to trade.
  • #1,164
  • May 16, 2012 12:22am May 16, 2012 12:22am
Quoting drzeepfx
Looks Like we are going to have us a slight correction - just like last night -
Going to watch close - based on the D1- I still think we have some room to fall, Resistance is still 70 PIPs away and with the momentum here I would not bet that it will hold - Loading that EA tonight -

Anyone seeing good looks on the other pairs?
Major support on eurusd is 1.2625. Zoom out a weekly chart.
  • #1,165
  • May 16, 2012 12:26am May 16, 2012 12:26am
Quoting drzeepfx
OK loaded - any place I can get instruction on how to configure?
Here are my settings to trail the stop behind the 100 sma by 5 pips on the hourly chart. The top settings that you can't see are just true, for the trailing stop and then false, false, for close by ma or ha change.

So that's telling it to trail behind a 100 sma of the close on the 60 min tf by 5 pips. It adds the spread to that automatically. Also you must have the 1 hour chart up for it to trail on the 60 min chart or it doesn't work.
Attached Image
  • #1,166
  • May 16, 2012 12:30am May 16, 2012 12:30am
Quoting Acroix70
Loving this system

Shorting the NZD/USD 20 pips+ so far
Glad you like it, nice trade.
  • #1,167
  • Edited 5:15am May 16, 2012 4:39am | Edited 5:15am
Hugh Briss,

this setting for trailing the stop i can use for 4H. I ask because the TF set is 60. For use this EA i put it on the chart and activate, set play yhe EA. When i go to the market, open a trade and set my sl and TP, and the EA will trail the stop. Is this the right use of the EA?


thanks...
  • #1,168
  • May 16, 2012 5:04am May 16, 2012 5:04am
Anyone else catch the cable drop???

  • #1,169
  • May 16, 2012 6:05am May 16, 2012 6:05am
yes, got in at 1.6020 so now +100 pips and trailing
To get more profit, not the entry but the exit will make the big difference
  • #1,170
  • May 16, 2012 6:27am May 16, 2012 6:27am
Quoting fxsosa
Hugh Briss,

this setting for trailing the stop i can use for 4H. I ask because the TF set is 60. For use this EA i put it on the chart and activate, set play yhe EA. When i go to the market, open a trade and set my sl and TP, and the EA will trail the stop. Is this the right use of the EA?


thanks...
Yes, that is the right use but change the TF setting to 240. 240 minutes is 4 hours.
  • #1,171
  • May 16, 2012 6:28am May 16, 2012 6:28am
Quoting Acroix70
Anyone else catch the cable drop???

Still holding on the euro at the moment and trying to stick to one pair at a time. Well done if you got a good one.
  • #1,172
  • May 16, 2012 7:45am May 16, 2012 7:45am
Thank you for the set-up instructions HB.

I have some more questions .... But I am late getting out.....

Latter -
  • #1,173
  • May 16, 2012 9:10am May 16, 2012 9:10am
Quoting Hugh Briss
Here are my settings to trail the stop behind the 100 sma by 5 pips on the hourly chart. The top settings that you can't see are just true, for the trailing stop and then false, false, for close by ma or ha change.

So that's telling it to trail behind a 100 sma of the close on the 60 min tf by 5 pips. It adds the spread to that automatically. Also you must have the 1 hour chart up for it to trail on the 60 min chart or it doesn't work.

OK so if you could hummor me just a tad - I understand a trailing stop based on price, that is fairly stieght forward - How do the triggers work with one based on SMA? ---
  • #1,174
  • May 16, 2012 9:12am May 16, 2012 9:12am
Quoting Hugh Briss
Well I've been past their ground and it's not in the prettiest part of Birmingham. Actually I don't think Birmingham has a pretty part! You'd be better off supporting Cambridge FC, one of our better cities.

I took 400 pips profit on my first two trades combined last night, 210 ish on one and 190 ish profit on the other. I've stil got my entry from yesterday up 120. If it pulls back I'll add another. It's all about being patient and holding the trades open long enough for them to work for you. I took some profit because we have already had a big...
I will consult with you before hand - dont want to end up in the UK's So. Central...
  • #1,175
  • May 16, 2012 10:01am May 16, 2012 10:01am
Quoting drzeepfx
OK so if you could hummor me just a tad - I understand a trailing stop based on price, that is fairly stieght forward - How do the triggers work with one based on SMA? ---
Get your trades to break even and then as the sma falls below it it will move the stop loss each time a candle opens.
  • #1,176
  • May 16, 2012 10:02am May 16, 2012 10:02am
Quoting drzeepfx
I will consult with you before hand - dont want to end up in the UK's So. Central...
No worries but I don't know anything about football (soccer) so I will probably send you to a great city with a terrible football team!
  • #1,177
  • May 16, 2012 10:56am May 16, 2012 10:56am
Quoting Hugh Briss
Get your trades to break even and then as the sma falls below it it will move the stop loss each time a candle opens.

I will just havt to try it - I have matched your settings......


Gave back some of my pips on EUR retrace. - Going to wait for next trend maybe? Downside cant go on forever....

Still haveing Fun with this... Best system for my personal tastes I have found.... Working hard to learn...
  • #1,178
  • May 16, 2012 1:14pm May 16, 2012 1:14pm
Quoting drzeepfx
I will just havt to try it - I have matched your settings......


Gave back some of my pips on EUR retrace. - Going to wait for next trend maybe? Downside cant go on forever....

Still haveing Fun with this... Best system for my personal tastes I have found.... Working hard to learn...
I still have a position in eur but it's coming to an end. Might be best to watch the daily charts for the next turn that we can jump on on the hourly.
  • #1,179
  • May 16, 2012 3:52pm May 16, 2012 3:52pm
Quoting Hugh Briss
I still have a position in eur but it's coming to an end. Might be best to watch the daily charts for the next turn that we can jump on on the hourly.
I like the mechanics of this strategy but I'm not doing that well with it & perhaps because I only trade the NY session.

Do you mostly trade the 1H/D or the 4H/W?
What SL would you suggest for both?

Thank you for your hard work here & for sticking with the thread. p.
  • #1,180
  • May 16, 2012 5:40pm May 16, 2012 5:40pm
Quoting piprac
I like the mechanics of this strategy but I'm not doing that well with it & perhaps because I only trade the NY session.

Do you mostly trade the 1H/D or the 4H/W?
What SL would you suggest for both?

Thank you for your hard work here & for sticking with the thread. p.
How long have you been at it? - this system and FOREX....
I live in the Mountain time zone and so I also trade the NY. I try and catch the last couple of London but that has me up early ... In my opinion the beauty of using the longer time frames is that you don't need to be right on top of a trade the second it breaks - I like the H1 and D1 combo it is starting to click for me.... I guess what I wanted to say to you is watch this thread if you want to learn - I will be posting my trades (not that you want to pay the biggest part of your attention to my trades but rather the feedback I will get on them) and you can count on HB and a few of the more seasoned here to be quite constructive in helping you understand what you are doing right or wrong.... So dont be shy we all learn from one another...

My advice is read this thread - and then read it again....

Drzeep

Lets get our PIPs ....
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