Swing trading with heiken ashi and stochs | Page 73 | 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

  • #1,441
  • Jun 1, 2012 8:10am Jun 1, 2012 8:10am
Quoting Hugh Briss
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?
Hugh !, Yes this trade was 320+ PIPs across 4 positions.

HB, To not jump I admit I had to fight my instincts some - What I learned from these last three days has changed my perception a lot - I am defiantly become indoctrinated into this sphere of trading.

To share here is what I took away-

1 -You have to have faith in what the indicators are showing - (Trust them if you dont go back to a DEMO account until you do)

2 -You don't need to hit the entry point right on the head, its OK just to be close- (Due to life responsibility's I was takeing my additional positions a couple hours after the cross)

3- -Always take advantage of the pullbacks (every trend has them) to take additional positions and move those SL's - (During the duration of this trade had the worst happened I was always in a zone where I would have lost Little, had a gain or came out even)

4 -I still have a lot to learn .... LOL .... I Love trading and the markets, One day, this will be my only profession -

Have a great Holiday Hugh...

Drzeep
  • #1,442
  • Jun 1, 2012 8:12am Jun 1, 2012 8:12am
Quoting hwo144
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...
Awesome !!!! Thank you for posting these ,Keep us up to date on your thoughts on new positions...
  • #1,443
  • Jun 1, 2012 11:30am Jun 1, 2012 11:30am
Just opened a chart at work to look at EUR/USD - What was that massive spike to the upside - And why aint I home to place a sell ......
  • #1,444
  • Jun 1, 2012 4:00pm Jun 1, 2012 4:00pm
FXCM talking about a possible short term retracement after the NFP release and spike up. Should provide a good short entry position next week, perhaps around 1.25000, but could easily be a bit higher or lower - I'm guessing this is largely depending on Europe news over the w/e.

Hopefully another good week.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd h4.PNG Size: 60 KB
Still learning - No guarantees...
  • #1,445
  • Jun 1, 2012 5:46pm Jun 1, 2012 5:46pm
Quoting Ozefex
FXCM talking about a possible short term retracement after the NFP release and spike up. Should provide a good short entry position next week, perhaps around 1.25000, but could easily be a bit higher or lower - I'm guessing this is largely depending on Europe news over the w/e.

Hopefully another good week.
I like your thinking - I think them saying short term re-tracement is them being optimistic , It should read "trend continuation" ... A nice release is always good for a bounce - But I think That our indicators are still showing a downtrend D1 had no color change - how long can this bounce push the EUR up? - My eyes on it for next week.-

I want my weekly PIPs...
  • #1,446
  • Jun 1, 2012 5:52pm Jun 1, 2012 5:52pm
Quoting hwo144
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...

Are the arrows on your charts entry points ? If so what are you basing entry on? Just curious ....
  • #1,447
  • Jun 1, 2012 7:22pm Jun 1, 2012 7:22pm
Quoting drzeepfx
I like your thinking - I think them saying short term re-tracement is them being optimistic , It should read "trend continuation" ... A nice release is always good for a bounce - But I think That our indicators are still showing a downtrend D1 had no color change - how long can this bounce push the EUR up? - My eyes on it for next week.-

I want my weekly PIPs...
No question about the down trend! EU @ 1.25000 would only be a minor pull back and opportunity for new short. Might not even make 1.25000. 1.24500 will be good enough.

I haven't analysed the numbers, but EUR was down against the USD & USD was down against JPY. So best trade was probably EURJPY in last month. It's a bit oversold at the moment (W1 chart) so could lose momentum. Also, you don't know when the Japanese CB will try to control the relative rise of the Yen so have to exercise normal caution. (Looking again, GBPJPY was also a contender as best short.)

So here I am - the fundamental expert - I wish!
Still learning - No guarantees...
  • #1,448
  • Jun 2, 2012 2:16pm Jun 2, 2012 2:16pm
Quoting drzeepfx
Hugh !, Yes this trade was 320+ PIPs across 4 positions.

HB, To not jump I admit I had to fight my instincts some - What I learned from these last three days has changed my perception a lot - I am defiantly become indoctrinated into this sphere of trading.

To share here is what I took away-

1 -You have to have faith in what the indicators are showing - (Trust them if you dont go back to a DEMO account until you do)

2 -You don't need to hit the entry point right on the head, its OK just to be close- (Due to life responsibility's I was takeing...
Agreed with those points, and no 4 is still on my list. I don't think you ever stop learning.

I see some others posting good results too, that's really great.

I had an idea the other day that may help sort out this daily/hourly thing once and for all. Try taking all the indicators off the daily and just drawing trendlines. I was looking at eurusd and noticed that every time a trendline breaks this usually leads to a reasonable move. Coincidentally (or not perhaps?), those trendline breaks usually happen at the same time as a break of the 200 sma on the hourly chart.

So, I'm looking into just waiting for a trendline break on the daily and then move to the hourly and use the 200 sma as the line in the sand to dictate an uptrend or a downtrend. Then use the 50 sma, 100 sma, 200 sma and local support and resistance levels to trade with the trend and add on.

It's early days yet but I believe this simplifies things and takes a lot of the discretion out of the turning points on the daily chart.

Let me know what you all think.

I'm back from holiday on Tuesday and I will post then if I get time to research this idea more.

So to sum up, you wait for a trendline break on the daily chart and then trade the ensuing hourly trend if it occurs. If it doesn't you try not to lose much. Pyramid like an ancient Egyptian on steroids.
  • #1,449
  • Jun 2, 2012 2:51pm Jun 2, 2012 2:51pm
Great system Hugh. It's helping me overcome my scalpaholic ways.

Don
Enter Signature
  • #1,450
  • Jun 2, 2012 6:10pm Jun 2, 2012 6:10pm
Hi

i am asking about the indicator in your chart show
different stochastic time frame at the same window
can any one please tell me about the indicator name..
thanks
  • #1,451
  • Jun 2, 2012 6:15pm Jun 2, 2012 6:15pm
Quoting Don M
Great system Hugh. It's helping me overcome my scalpaholic ways.

Don
Welcome to the fold Don ..... I also have had to learn to fight against what 2 years of the scalping mentality had done to my brain.

this thought might help some -

when you use this system and WIN you are going to be up 200 to 600 pips per week - When you use this system and lose (assuming you move you SL's) your losers will be only in the double digits...

Also How much money have you made scalping - and how much energy do you have to devote to the lower time frames ?......

Try this for a couple weeks and report back - I personally like what I am doing now a lot more than before - and I believe that the ever elusive consistency is in my grasp with this system.

Also if you haven't noticed this thread has some of the most knowledgeable and gracious people in all of forex..... Read the thread - lots to learn here...
  • #1,452
  • Jun 2, 2012 6:18pm Jun 2, 2012 6:18pm
Quoting ahmedradwan
Hi

i am asking about the indicator in your chart show
different stochastic time frame at the same window
can any one please tell me about the indicator name..
thanks

Hello ahmedradwan --- If you look back and search on Ozefex's post he shard the templates a while back....
  • #1,453
  • Jun 3, 2012 6:54am Jun 3, 2012 6:54am
Quoting drzeepfx
Hello ahmedradwan --- If you look back and search on Ozefex's post he shard the templates a while back....
Thanks drzeep.

@ahmedradwan: See post #897 & look for pipware charts. This indicator has a lot of parts that I do not use. The source code cannot be modified so you have to edit it as you apply it to your charts to get the type of indicators you want. It is something you may have to do your own research on to understand it's function. Look for pipware.com. Note that I have the multi time frame stoch indicators on my chart as a reminder of what is happening on other time frames.

I have had a number of different variations to my template, but most include this indicator, initially with 3 stochs (D1, H4 & H1) - and more recently with 5. You have to change settings in the indicator to set how many instances you want (eg. between 2 & 6), the order (the list is backwards so the one of the right is first in the list), and the time frame for each (eg. M15, H1, H4, D1 W1). Once you have set it to your liking, you can save it with you template.

Remember that these are only "indicators". I suggest you run through the time frames as Hugh has suggested and pay close attention to support & resistance levels.

Hope this helps.

Regards,
Ozefex
Still learning - No guarantees...
  • #1,454
  • Jun 3, 2012 3:36pm Jun 3, 2012 3:36pm
@drzeepfx the red arrows on my chart were the point of entry. All I did was draw a line below the lowest candle in the consolidation range - as the overall trend was down, I thought the trend would continue.

I place a pending trade entry at the 2-3 pips below the lowest candle with my SL and TP in place, then go to work... I will set up a few trades that way - always a couple of pips ahead to make sure the trend is positive in my direction, and not just bouncing around in consolidation.

I that helps

Howard
  • #1,455
  • Jun 3, 2012 5:02pm Jun 3, 2012 5:02pm
Quoting Hugh Briss
Agreed with those points, and no 4 is still on my list. I don't think you ever stop learning.

I see some others posting good results too, that's really great.

I had an idea the other day that may help sort out this daily/hourly thing once and for all. Try taking all the indicators off the daily and just drawing trendlines. I was looking at eurusd and noticed that every time a trendline breaks this usually leads to a reasonable move. Coincidentally (or not perhaps?), those trendline breaks usually happen at the same time as a break of the 200...

Sounds interesting - I will have to play with it some...
  • #1,456
  • Jun 3, 2012 5:12pm Jun 3, 2012 5:12pm
Quoting Hugh Briss
Agreed with those points, and no 4 is still on my list. I don't think you ever stop learning.

I see some others posting good results too, that's really great.

I had an idea the other day that may help sort out this daily/hourly thing once and for all. Try taking all the indicators off the daily and just drawing trendlines. I was looking at eurusd and noticed that every time a trendline breaks this usually leads to a reasonable move. Coincidentally (or not perhaps?), those trendline breaks usually happen at the same time as a break of the 200...

HB, When you get back a couple questions - cant quite visualize - I am going to set up a pair with these perimeters now... But,

So just S&R lines on the daily - any use for FIB or channels?
Are we looking for crosses on the 50,100 and 200 ?
  • #1,457
  • Jun 3, 2012 6:57pm Jun 3, 2012 6:57pm
In short on H1 cross -

1.2406 initial SL 1.2453

Not certain how to weigh the bank holiday in the UK - Also I kinda am bending rules on this one - My logic is that the green we see on the D1 is due to an announcement spike so I am not dissuading it, but I am giving it lees weight than I might otherwise.

Hope to take a second position in 30 more PIPs
  • #1,458
  • Jun 3, 2012 8:07pm Jun 3, 2012 8:07pm
Hi Drzeep,

Have you moved to B/E yet? I'm starting to think there might be a rally in the works. The monemtun from Friday is something to watch.

I could be wrong so just something to think about.
Enter Signature
  • #1,459
  • Jun 4, 2012 2:26am Jun 4, 2012 2:26am
Quoting Ozefex
No question about the down trend! EU @ 1.25000 would only be a minor pull back and opportunity for new short. Might not even make 1.25000. 1.24500 will be good enough.

I haven't analysed the numbers, but EUR was down against the USD & USD was down against JPY. So best trade was probably EURJPY in last month. It's a bit oversold at the moment (W1 chart) so could lose momentum. Also, you don't know when the Japanese CB will try to control the relative rise of the Yen so have to exercise normal caution. (Looking again, GBPJPY was also a contender...
That's actually pretty sound thinking. You're thinking through some fundamental possibilities to try to keep yourself out of some bad trades. Not a bad thing.
  • #1,460
  • Jun 4, 2012 2:34am Jun 4, 2012 2:34am
Quoting Hugh Briss
You're thinking through some fundamental possibilities...
Uh-oh...

... but anyway, HB, you're supposed to be on holiday, thanks to HRH's Jubilee.

God Save The Queen !

1 trader viewing now