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Swing trading with heiken ashi and stochs

  • #1,501
  • Jun 5, 2012 6:49am Jun 5, 2012 6:49am
Quoting Sjr
Hi Don,

Is what your looking at ?

Cheers

SR
Yes daily trend has been broken and the hourly stoch is ob and may be turning.

Unfortunately the 4hr stoch may be messing things up here.

Sorry I'm having trouble uploading a pic.

Don
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  • #1,502
  • Jun 5, 2012 6:55am Jun 5, 2012 6:55am
Hi Normtold,

I hope you don't mind if I give my opinion on your question..

At this moment I wouldn't be considering a long on the UJ.. If you look at the daily chart it is in an obvious downtrend so any long right now would be like swimmimg up river. I can't think of any reason that would change... Also, if you look at the last 4 stoc crosses coming from OS you will see that these trades would only have been good for a quick scalp... I guess if you are a scalper it might be worth a shot but it's very high risk in my humble opinion.... Also it has been stuck in a 50 pip range this past few days... I for one will be staying out of this pair until we get some direction one way or the other... And even then I would probably only be comfortably shorting it in line with the daily downtrend and also as per Hugh's style of entering for the long term....

Good luck to you..

Blinkers........
  • #1,503
  • Jun 5, 2012 7:40am Jun 5, 2012 7:40am
Thanks for your view FXblinkers, it makes sense.

I did open a long position so will probably get stopped out.
This is a completely new way of trading for me so am using a demo account to experiment.

You are right D1 has been in a downtrend since 22nd March 2012 and I would not have been looking for longs on H1 except where Stochastics and HA turned positive on D1.

I will try to post a chart of Usd/Jpy D1 where I have marked in blue vertical lines where those conditions were met.

And then the H1 chart, looking between the blue line shows some good moves but also some feeble efforts like you said.

Thanks again for your reply and experience.
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  • #1,504
  • Jun 5, 2012 8:17am Jun 5, 2012 8:17am
It's a go. GBP/CHF just turned red and I'm in at 4816.

Attachment
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  • #1,505
  • Jun 5, 2012 8:26am Jun 5, 2012 8:26am
OK - a lot of interesting line crosses happening right now with the new MA lines.. we saw the 50 cross the 100 and our advance halted.

D1 showing some green back to back for the first time in a long time - I am still tempted to give it less weight due to the Bank Holiday

I will re-eval tonight -
  • #1,506
  • Jun 5, 2012 8:39am Jun 5, 2012 8:39am
Going 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.
  • #1,507
  • Jun 5, 2012 8:41am Jun 5, 2012 8:41am
Also audnzd looks interesting for a long if it pulls back smoothly.
  • #1,508
  • Jun 5, 2012 8:42am Jun 5, 2012 8:42am
Eur/Usd D1 Stochastics going up, last 3 HA blue, H1 Stochastics crossed up from OB, HA blue, price above 100SMA so opened a position in demo account.
Not got it to BE though so could get stopped out for 30 pips.
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  • #1,509
  • Edited 12:17pm Jun 5, 2012 11:26am | Edited 12:17pm
Quoting Hugh Briss
Going 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.
Hugh, 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.
  • #1,510
  • Jun 5, 2012 1:13pm Jun 5, 2012 1:13pm
Quoting Hugh Briss
Also audnzd looks interesting for a long if it pulls back smoothly.
Hi 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.
  • #1,511
  • Jun 5, 2012 1:31pm Jun 5, 2012 1:31pm
Quoting drzeepfx
Hugh, 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.
Yeah, sometimes best to stop trying to perfect stuff though! We'll see, I'm just going to trade and stop thinking so much...
  • #1,512
  • Jun 5, 2012 1:32pm Jun 5, 2012 1:32pm
Quoting Chaosfreak
Hi 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.
Hi Chaos, your English is fine. Glad you like the thread, looking forward to your posts.
  • #1,513
  • Jun 5, 2012 1:50pm Jun 5, 2012 1:50pm
Hubris, 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?
  • #1,514
  • Jun 5, 2012 2:01pm Jun 5, 2012 2:01pm
Quoting normtold
Hubris, 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?
Yes, 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!
  • #1,515
  • Jun 5, 2012 2:03pm Jun 5, 2012 2:03pm
Quoting normtold
Hubris, 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?
Also 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.
  • #1,516
  • Jun 5, 2012 2:19pm Jun 5, 2012 2:19pm
Quoting Hugh Briss
Yes, 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!
I'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?
  • #1,517
  • Jun 5, 2012 2:35pm Jun 5, 2012 2:35pm
Quoting Chaosfreak
I'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?
The longer you can hold on to the trend the better. You will sometimes give more back than you would like but it will occasionally keep you in for a very long time which if you have multiple positions open will be a great trade.
  • #1,518
  • Jun 5, 2012 2:58pm Jun 5, 2012 2:58pm
Quoting Hugh Briss
Also 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.
Thanks 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 %.

Not tried the Trail&CloseOrderSLtoMA_EA_v2_(Edward Munroe), is there a PDF to go with it?
  • #1,519
  • Jun 5, 2012 3:12pm Jun 5, 2012 3:12pm
Quoting normtold
Thanks 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 %....
The stoch going all the way down is not essential, depends on the strength of the trend. I don't have an ea that will close a %. The last one you mentioned just trails behind a stop loss but has some extra close options. Most of the inputs are self explanatory I think? I had it coded myself. If you want a coder to put something together for you then pm me and I can recommend an awesome coder.
  • #1,520
  • Jun 5, 2012 4:01pm Jun 5, 2012 4:01pm
Quoting Hugh Briss
Yeah, sometimes best to stop trying to perfect stuff though! We'll see, I'm just going to trade and stop thinking so much...
Hi Hugh, Sometimes the Enemy of Good is Perfect. I have spent the last couple of weeks reading lots of "stuff", and struggling with computer issues. I always come back to your site. It is the best.
Do not dwell in the past, do not dream of the future, concentrate the mind.
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