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Swing trading with heiken ashi and stochs

  • #1,481
  • Jun 5, 2012 2:15am Jun 5, 2012 2:15am
Hey Hugh,

Heres my EU H1 chart...looks like a good sell right now using your method...

Can you help me understand why your considering Long please?

Thanks

SR
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  • #1,482
  • Jun 5, 2012 2:19am Jun 5, 2012 2:19am
Good morning all.

Hu, one thing I am not clear on is when we can take direction from the D1.

Usd/Jpy has had 5 red HA candles on D1, the current candle is blue but has another 16 hours before it closes. (I assume you need it to close Blue before moving down to H1?)
So on this pair would you not take any longs or shorts at this time?

Usd/Chf is a different matter, only looking for sells on that pair.
Eur/Usd, looking for longs.
Eur/Jpy, looking for longs.

No direction on Gbp/Usd.
Eur/Gbp maybe changing direction soon on D1.

Aud/Usd, Eur/Aud, Usd/Cad, I will leave as they all have a cange of D1 HA that has not closed yet.
  • #1,483
  • Jun 5, 2012 2:23am Jun 5, 2012 2:23am
Quoting Sjr
Hey Hugh,

Heres my EU H1 chart...looks like a good sell right now using your method...

Can you help me understand why your considering Long please?

Thanks

SR
I was thinking the 1.25 level was going to provide some support but I was obviously wrong on this one.
  • #1,484
  • Jun 5, 2012 2:25am Jun 5, 2012 2:25am
Quoting normtold
Good morning all.

Hu, one thing I am not clear on is when we can take direction from the D1.

Usd/Jpy has had 5 red HA candles on D1, the current candle is blue but has another 16 hours before it closes. (I assume you need it to close Blue before moving down to H1?)
So on this pair would you not take any longs or shorts at this time?

Usd/Chf is a different matter, only looking for sells on that pair.
Eur/Usd, looking for longs.
Eur/Jpy, looking for longs.

No direction on Gbp/Usd.
Eur/Gbp maybe changing direction soon on D1.

Aud/Usd, Eur/Aud,...
That's about right. You can use the break of the 200 sma to take trades but it won't always work as my eurusd long shows.
  • #1,485
  • Jun 5, 2012 2:26am Jun 5, 2012 2:26am
Quoting Hugh Briss
I was thinking the 1.25 level was going to provide some support but I was obviously wrong on this one.
Hey no worries Mate..just trying to understand. Your still onto a winner by looking at a higher TF, get Stochs to cross, HA to change colour, dropping down to lower TF, then trade in direction of Higher TF using what ever method you like....ie Stoch cross etc.

I think its a real winner...
  • #1,486
  • Jun 5, 2012 2:38am Jun 5, 2012 2:38am
Quoting Sjr
Hey no worries Mate..just trying to understand. Your still onto a winner by looking at a higher TF, get Stochs to cross, HA to change colour, dropping down to lower TF, then trade in direction of Higher TF using what ever method you like....ie Stoch cross etc.

I think its a real winner...
Yep, it's good to show some losers too, they're going to happen.
  • #1,487
  • Jun 5, 2012 3:05am Jun 5, 2012 3:05am
I took these trades this morning my time about 20:00hrs GMT

I looked at the AUD/USD as a counter trade the candles were strong and making higher highs and higher lows then set my SL about 35 pips and my TP at 39 pips based the trend line drawn.
Yellow candle shows enter point and the white dotted line is where I set my pending order to open. Then green candle was where I took profit = 39 pips.

The AUD/JPY was a similar counter trend trade - I drew the trend line and it showed room for the trade to move. However I set my TP at 72 pips which may have been a bit greedy - as the candles have traded to 50 pips level then dropped away at London Open. Any way I shall let this trade keep going wait.
This trade is slowly heading back up

Happy trading...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: AUD-USD 5june.png Size: 205 KB
  • #1,488
  • Jun 5, 2012 3:48am Jun 5, 2012 3:48am
Hey Hugh.

Just took this demo trade. The grey vertical line is where the stoch crossed on the H1.
the arrow is where I entered short, after stochs crossed on the M5.

SR
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  • #1,489
  • Jun 5, 2012 3:53am Jun 5, 2012 3:53am
Hi SJR

Excuse me butting in but what is that TDI indicator on the bottom of your chart? I'm curious because we seem to use a very similar setup other than that,

Cheers,
Don't ask me, I have no idea what's going on.
  • #1,490
  • Jun 5, 2012 3:55am Jun 5, 2012 3:55am
Short set up coming... Major resistance at 4829.
Enter Signature
  • #1,491
  • Jun 5, 2012 4:07am Jun 5, 2012 4:07am
Quoting Gizzledonk
Hi SJR

Excuse me butting in but what is that TDI indicator on the bottom of your chart? I'm curious because we seem to use a very similar setup other than that,

Cheers,
Hi Gizzledonk,

Love your profile pic BTW....

The TDI indicator is readily found on FF.
I first looked at it under Big E's TMS thread. you can look it up there.
To be honest, It does sometimes (in my humble opinion) give better signals when crossing vs. the stoch, which can cross early and/or be OS/OB for long periods of time which the TDI doesn't suffer from...just my opinion...

Hope Its not taking anything away from Hughs great thread here....and Ill take it off my charts if requested.

Cheers

SR
  • #1,492
  • Jun 5, 2012 4:09am Jun 5, 2012 4:09am
Quoting Sjr
Hi Gizzledonk,

Love your profile pic BTW....

The TDI indicator is readily found on FF.
I first looked at it under Big E's TMS thread. you can look it up there.
To be honest, It does sometimes (in my humble opinion) give better signals when crossing vs. the stoch, which can cross early and/or be OS/OB for long periods of time which the TDI doesn't suffer from...just my opinion...

Hope Its not taking anything away from Hughs great thread here....and Ill take it off my charts if requested.

Cheers

SR
I looked at TDI but found it no better overall than stochs but leave it where it is if it's useful for you.
  • #1,493
  • Jun 5, 2012 4:17am Jun 5, 2012 4:17am
Quoting Don M
Short set up coming... Major resistance at 4829.

Hi Don,

Is what your looking at ?

Cheers

SR
Attached Image (click to enlarge)
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  • #1,494
  • Jun 5, 2012 4:18am Jun 5, 2012 4:18am
Quoting Hugh Briss
I looked at TDI but found it no better overall than stochs but leave it where it is if it's useful for you.
Thanks Hugh...
  • #1,495
  • Jun 5, 2012 4:20am Jun 5, 2012 4:20am
Quoting Sjr
Hi Gizzledonk,

Love your profile pic BTW....

SR

Thank you for that, I'll find it and have a play.
The profile pic was a combined 'Barbie remodelling' and photo session with one of my daughters. It was originally called 'John the Baptists revenge' but it sort of developed further,,,
Don't ask me, I have no idea what's going on.
  • #1,496
  • Jun 5, 2012 4:21am Jun 5, 2012 4:21am
Quoting Gizzledonk
Thank you for that, I'll find it and have a play.
The profile pic was a combined 'Barbie remodelling' and photo session with one of my daughters. It was originally called 'John the Baptists revenge' but it sort of developed further,,,

  • #1,497
  • Edited 4:42am Jun 5, 2012 4:22am | Edited 4:42am
Hello everyone.
I am new on this forum.
I have read everything about this system and it seems interesting.
Today my first positions on demo account.
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  • #1,498
  • Jun 5, 2012 5:18am Jun 5, 2012 5:18am
Quoting GoldenBoy35
Hello everyone.
I am new on this forum.
I have read everything about this system and it seems interesting.
Today my first positions on demo account.
You are trading too many pairs at the same time. Don't do this on a live account!
  • #1,499
  • Jun 5, 2012 5:24am Jun 5, 2012 5:24am
I know, I have thought about diversification of pairs.
It is my beginning with this system and I want do a lot of mistake on demo account.
  • #1,500
  • Jun 5, 2012 5:52am Jun 5, 2012 5:52am
As I have no open trades at the moment I have read your thread again and see the 8 EMA is another possible way to exit, when a HA candle closes above the 8EMA on D1.

I would like to get your opinion on Usd/Jpy if I may.

D1 Stochastics crossed upwards, current candle is blue (actually a Doji which you talk about in post 22 as a good reversal signal).

H1 Stochastics starting to turn up, HA still red but getting smaller and price has been rising the last few red candles.

If we get a stochastis cross and HA colour change on H1 should I be concerned about the position of the 100SMA?
Price is below it and will be heading into it, is that a problem in your experience?
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