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Swing trading with heiken ashi and stochs

  • #1,421
  • May 30, 2012 5:49pm May 30, 2012 5:49pm
Quoting drzeepfx
Hello Oz, I still have my 2 EUR/USD shorts running - HB would be so proud.
I will add a third when I get home if the conditions are there. Will screen shot when I get a chance.
That's great! Can't wait to see the screen shot. I didn't post any of mine current ones as didn't have time. Have a short AUDCHF that I didn't analyse too well. It looked okay in isolation, but I didn't look at the strength of the USDCHF which indicates that the CHF is relatively weak. Might have to get out of that one today, but will give it a while.
Still learning - No guarantees...
  • #1,422
  • May 30, 2012 5:59pm May 30, 2012 5:59pm
So I got brave & decided to post this one - my weakest position at the moment. Traded on the H4 with reference to daily & weekly.
Attached Image (click to enlarge)
Click to Enlarge Name: audchf h4.PNG Size: 57 KB
Still learning - No guarantees...
  • #1,423
  • Edited 7:44pm May 30, 2012 7:33pm | Edited 7:44pm
Here is the SHOT - I am tempted to close out the 100 pips -

But resistance has been dissolving all day - I think I will adjust the SL's again -
Curious to what the night will bring and what I will wake up too.

UPDATE: SLs moved to 45 to lock in 65 PIPs if we get a run up -
Attached Image
  • #1,424
  • May 30, 2012 7:35pm May 30, 2012 7:35pm
Quoting Ozefex
So I got brave & decided to post this one - my weakest position at the moment. Traded on the H4 with reference to daily & weekly.
Will be curious for an update - looks like everything is pointing the same direction..

I also like the fact that you referenced the H4 as well - I am trading the H1 + D1 but I admit that I still factor in H4 - Hugh seemed to be somewhat against that practice? - Seems like the more DATA the better - and the H4 works very well on its own.
Still learning as I go along...
  • #1,425
  • May 30, 2012 7:51pm May 30, 2012 7:51pm
Quoting drzeepfx
Will be curious for an update - looks like everything is pointing the same direction..

I also like the fact that you referenced the H4 as well - I am trading the H1 + D1 but I admit that I still factor in H4 - Hugh seemed to be somewhat against that practice? - Seems like the more DATA the better - and the H4 works very well on its own.
Still learning as I go along...
My AUDCHF short is looking okay, but has bounced off support at 0.94000 (round number levels again). Looks like it should penetrate this level so I'll let it run.
Still learning - No guarantees...
  • #1,426
  • May 31, 2012 4:28am May 31, 2012 4:28am
Quoting Hugh Briss
Here are some of the best.
Hi Hugh,

Thanks for the Trailing stop links. I now have "trailing stop' downloaded and visible in my EA list. I like the simplicity of the EA only I can't get it to work in MT4 yet. Is there a manual or can it be explained in a few lines.

Let me tell what I did so far. I have the EA visible (right top) on GBPUSD chart. I click on live trading allowed. Set it like I assume it should (see attachment) and then saved it as a set. After that I loaded the saved set.

When profit went up to 475 USD I don't see the any sign (line or in the terminal view) of a trailing stop following it on 300 pips as meant.

What goes wrong here. Do I need to do something more or change the settings. It would be great if you could tell.

Thx,
Pat
Attached Image (click to enlarge)
Click to Enlarge Name: Trailing stop.jpg Size: 28 KB
  • #1,427
  • Edited 6:50am May 31, 2012 6:34am | Edited 6:50am
I had a look at the code for this one & a couple of others and couldn't see how they worked. Also tried to search for a solution without luck so far. It's good that people make these things available, but I wish they would include more detailed instructions or at least comments in the code. Have you tried the Trail Order SL to MA EA? It looks simpler. I put it on a demo trade but am still waiting for it to kick in.
Still learning - No guarantees...
  • #1,428
  • May 31, 2012 7:20am May 31, 2012 7:20am
If you guys are looking to automate your exits try these two: quik_trailing and cavemanager. I have included quik_trialing below with instructions included. quik trailing is real easy to use. As for cavemanager it is a lumbering behemoth of an EA that can do anything your heart desires. Look it up here of FF and you'll find caveman's stuff. Great stuff and works great, but I only use it when I want to trail my stop loss behind pricebar a bit. Make note: if you use cavemanager for this purpose, it will change the stoplosses as you change your time frame setting. To avoid that situation, apply it to a new chart with the time frame setting that you want to use and then don't touch it. Read all caveman's info to go with it with a fine tooth comb. These two EAs have all the options that I can think of that you might want if you take the time to learn. Please try these out on a demo account. If you have any general questions you can PM me. Good luck traders.

LL
Attached File(s)
File Type: pdf Quik.pdf   8 KB | 904 downloads
File Type: ex4 Quik_Trailing.ex4   13 KB | 414 downloads
"IN CASH WE TRUST"
  • #1,429
  • May 31, 2012 7:33am May 31, 2012 7:33am
Nice set up on the GBP/CHF. I'm in at 5008.
Enter Signature
  • #1,430
  • May 31, 2012 8:31am May 31, 2012 8:31am
Quoting LazyLobster
If you guys are looking to automate your exits try these two: quik_trailing and cavemanager. I have included quik_trialing below with instructions included. quik trailing is real easy to use. As for cavemanager it is a lumbering behemoth of an EA that can do anything your heart desires. Look it up here of FF and you'll find caveman's stuff. Great stuff and works great, but I only use it when I want to trail my stop loss behind pricebar a bit. Make note: if you use cavemanager for this purpose, it will change the stoplosses as you change your time...


Thanks for the info. This is finally an EA I got working, although I haven't seen it yet starting a trail. I need to test this in time.

My worry is only if it effects my real account. I set it up in a demo but see the EA in my active account if I switch to there. I have to say it EA usage is enabled again, but still it got me worried if it affect my real account. When switch back to the demo I also see it being disabled there, what makes me wondering if the EA works also if I close the account. My whole purpose is to secure a profit and sleep well and seeing next morning if the profit was taken or went up.

So if you know from experience the effect on other accounts in the same MT4 platform and the effect a closed down pc have on the EA it would be good to know. Thanks. Pat
  • #1,431
  • May 31, 2012 9:13am May 31, 2012 9:13am
Quoting Don M
Nice set up on the GBP/CHF. I'm in at 5008.
1hr chart saying short but 4hr chart saying wait for longs with 100ma just underneath here. My instinct says stay clear for now.

Good luck.

D
  • #1,432
  • May 31, 2012 10:58am May 31, 2012 10:58am
Quoting drzeepfx
Took a 3rd short SL of 45 - based on the chart (We are up 150+ PIPs right now)

Moved the SL on the first to profit 50
Moved the SL on the second to break even.
Added a 4th position at those nasty green sticks we saw on the H1 this morning. I also adjusted the SL on all positions.
  • #1,433
  • May 31, 2012 8:20pm May 31, 2012 8:20pm
Quoting drzeepfx
Added a 4th position at those nasty green sticks we saw on the H1 this morning. I also adjusted the SL on all positions.
Close all positions - I think it was time ..... But I think it still may have some gas......
closed at 1.2333

Gain of 320 + PIPs - Not bad for a shortened trade week....

will consider new position in the AM ......
  • #1,434
  • May 31, 2012 8:48pm May 31, 2012 8:48pm
Quoting rossobonks
1hr chart saying short but 4hr chart saying wait for longs with 100ma just underneath here. My instinct says stay clear for now.

Good luck.

D
Thanks Rosso, for the record I've been watching that pair for 2 days. The monthly shows massive resistance at 5122 which was tested 2 weeks ago. The daily stoch shows a "V" where the rally back up was less price movement than the way down which tells me the uptrend is slowing and the daily and hourly had turned red. The 4 hour did look pretty crappy but I felt the balance was very bearish.

I've never done this swing trading and I'm trying to get in and stay in for days or a week.

Great risk/reward.

Good trading.
Enter Signature
  • #1,435
  • Jun 1, 2012 1:57am Jun 1, 2012 1:57am
Quoting drzeepfx
Close all positions - I think it was time ..... But I think it still may have some gas......
closed at 1.2333

Gain of 320 + PIPs - Not bad for a shortened trade week....

will consider new position in the AM ......
Ok, I am on holiday but just popped in for a look to see what was going on. Completely awesome trading! 320 pips.

Now tell me.... now you've had one trade like that will you ever be tempted to jump in for a few pips here and there?
  • #1,436
  • Jun 1, 2012 6:02am Jun 1, 2012 6:02am
Hello Everyone,

I have a some good trades happening from this week. I was following Hugh's advise about letting the trade run.

I entered the USD/JPY on the 28th May I set my entry at the 2 or 3 pips below the low candle in the consolidation and waited for the trend to continue down.
Yellow Arrow on my chart.
I have now up 114 pips

I also entered the GBP/JPY on the 29th May - I set my entry at the low ofthe consolidation +2 to 3 pips and let it sit until it broke through at the red arrow indicated on my chart.

I then entered again GBP/JPY on the 31st May as the trend was strong and Hugh had said just load up when the trend is moving strongly...

First entry is up 413 pips + Second entry 235 pips

Total pips this week 762

I'm just going to hold on - I have moved my stops to within 40 pips or so of the price...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USD-JPY 1stJune.png Size: 53 KB
Click to Enlarge Name: GBP-JPY-1stJune.png Size: 69 KB
  • #1,437
  • Jun 1, 2012 6:09am Jun 1, 2012 6:09am
Drzeep - Great trading! Now just repeat that next week...and next week...

I've had a good few days so now have some tight stops on EU and have closed out a few AU & GU shorts. Have mostly tried to add to positions while moving stop losses along as I go. About 10% profit for 7 trading days including a couple of shockers on Monday

By the way - watch out for the US Non-Farm Employment / NFP in about 1.5 hrs.
Still learning - No guarantees...
  • #1,438
  • Jun 1, 2012 6:13am Jun 1, 2012 6:13am
Quoting LazyLobster
If you guys are looking to automate your exits try these two: quik_trailing and cavemanager. ....

LL
Thanks a lot LL. Will have to have a look at this.

Regards, Ozefex.
Still learning - No guarantees...
  • #1,439
  • Jun 1, 2012 6:17am Jun 1, 2012 6:17am
Quoting hwo144
Hello Everyone,

Total pips this week 762

I'm just going to hold on - I have moved my stops to within 40 pips or so of the price...
Very nice entries there. That's really stress free (well as much as you could expect...). Result is damn good too.
Still learning - No guarantees...
  • #1,440
  • Jun 1, 2012 7:09am Jun 1, 2012 7:09am
@ Ozefex

Yeah this style of trading suits me... I have only been trading this way for just under a month... and I find it very successful and I feel good with my trades.

Good luck for next week - Thanks for the heads up about Non Farm Payroll

Howard
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