Unfortunately the 4hr stoch may be messing things up here.
Sorry I'm having trouble uploading a pic.
Don
Enter Signature
Trading with Heiken Ashi and Heiken Ashi smoothed - Hybrid 361 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
DislikedGoing back to basics eurusd has just given a buy signal on eurusd! The daily has given a stoch cross and HA change and the hourly has just turned at the 100 sma with a stoch cross too.
Sometimes I wonder why I try to improve things that aren't broken?!
Anyway, I'm long from 1.24546 and I'll get to break even after 20 pips. I'll also add on at every pullback and trail all stops behind the 100 sma.Ignored
DislikedAlso audnzd looks interesting for a long if it pulls back smoothly.Ignored
DislikedHugh, Clearly - this system is guenniuss and you are a prefectionist - I love the energy here on this thread - all the input and opinions -
I am happy to be here - and I am happy you guys are willing to teach... It make me want to give back too...s
Drzeep.Ignored
DislikedHi Hugh!
First I want to congratulate you for this amazing thread. I'm following it since some weeks and learned a lot. Now I opened a demo account and going to trade this until I'm confident enough to do on live account (sorry for my english .. isn't it terrible? ). I still have a lot to learn. I like the idea to do addons once a trend established.
Now I'm also watching AUD/NZD. Looks like a pullback on 100 sma. Will jump in on color change.Ignored
DislikedHubris, the add on part is completely foreign to me, something I would like to learn.
With Eur/Jpy, I had opened a position early afternoon, moved to BE at +20 and banked 30%.
Now because D1 still has blue HA and upward crossed Stochastics, H1 Stochastics crossed up again, I assume this is where to add on but is that something you would do at this time in the evening?
Maybe you only take the signals to open/add during busy hours like 7a.m to 5p.m?Ignored
DislikedHubris, the add on part is completely foreign to me, something I would like to learn.
With Eur/Jpy, I had opened a position early afternoon, moved to BE at +20 and banked 30%.
Now because D1 still has blue HA and upward crossed Stochastics, H1 Stochastics crossed up again, I assume this is where to add on but is that something you would do at this time in the evening?
Maybe you only take the signals to open/add during busy hours like 7a.m to 5p.m?Ignored
DislikedYes, better to open in the morning so there is some movement to come. Saying that though I just bought AudNzd. At least Sydney is open to move it somewhere!Ignored
DislikedI'm also in at 1.2889.
Generally I try to trade as follows: Trailing the first position on the 50 or 100 sma and trail all addons at the 8 ema. So I've got both worlds, take advantage of the whole move on a trend, but not give to much back on the addons. What do you think?Ignored
DislikedAlso it is best to wait for a pullback before you add on, if you get another higher low then buy again and then move that to break even. Keep taking trades and trailing the stop behind the 100 sma and when the 100 sma is breached all your trades will be stopped out at once. Have a look through some charts and see how it works. You could use a 50 sma or a 34 ema or even use an 8 ema on the higher timeframe to trail the stop.Ignored
DislikedThanks for the reply.
There was a pullback on Eur/Jpy H1, the Stochastics crossed down and then up again. It crossed up fairly high though at 66, I thought that was ok for add ons or do you prefer to wait for stochastics to go below the 20 line and cross back up before adding?
On another note I have been trying out a few EA's to handle trades, I really want one that can move to BE after 20 pips and close a %.
I have EA's enabled, smiley face in the top right corner but Quick_Trailing does not work.
Mauro will trail but not close out a %....Ignored
DislikedYeah, sometimes best to stop trying to perfect stuff though! We'll see, I'm just going to trade and stop thinking so much...Ignored