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Swing trading with heiken ashi and stochs

  • #1,701
  • Jun 12, 2012 3:03am Jun 12, 2012 3:03am
Both pairs had a spike up over the London open but now seem to be moving in the right direction (for me!).
  • #1,702
  • Jun 12, 2012 3:05am Jun 12, 2012 3:05am
Quoting Phiksalamuk
Yes I entered lately, near at the top. Will hold on a little more before moving stop to BE, at least when I reach 1:1.
I'd be tempted to just trail the stop behind the 100 sma. The price could stay below the 100 sma for 2 or 3 weeks. It could take you out for a loss tomorrow. I'm here to trade the big moves which with add ons will make me big money. Losing a few pips here or there at the start when things don't work out is not a big concern for me.
  • #1,703
  • Jun 12, 2012 3:12am Jun 12, 2012 3:12am
Quoting Hugh Briss
You could wait for a lifetime for the perfect entry, h4 very rarely lines up with daily and hourly. If you're going to wait for everything to line up then you'll wait a long time and miss out on some good moves.
Yes, it is pretty rare but very safe. I expected it happened once a week at least. It would be enough. Last Friday (in the afternoon), I found EURUSD good uptrend (with all TFs synchronized). I realized a capital increasing of 10% (with multiple EURUSD orders)!
  • #1,704
  • Jun 12, 2012 3:14am Jun 12, 2012 3:14am
Hello Hugh,
What think of the EUR/JPY ? I want to take it.
Thanks.
  • #1,705
  • Jun 12, 2012 3:14am Jun 12, 2012 3:14am
Quoting Hugh Briss
I'd be tempted to just trail the stop behind the 100 sma. The price could stay below the 100 sma for 2 or 3 weeks. It could take you out for a loss tomorrow. I'm here to trade the big moves which with add ons will make me big money. Losing a few pips here or there at the start when things don't work out is not a big concern for me.
I guess I only need to catch one big trend to be fully convinced...LOL !
  • #1,706
  • Jun 12, 2012 3:16am Jun 12, 2012 3:16am
Quoting flamenco72
Hello Hugh,
What think of the EUR/JPY ? I want to take it.
Thanks.
Looks good to me but I have two trades open now so I won't take it.
  • #1,707
  • Jun 12, 2012 3:17am Jun 12, 2012 3:17am
Quoting Phiksalamuk
I guess I only need to catch one big trend to be fully convinced...LOL !
Yes, bank 1200 pips on a 500 pip move and you will want to do it again and again.
  • #1,708
  • Jun 12, 2012 3:24am Jun 12, 2012 3:24am
Thank you Hugh, I have AUD/USD and EUR/JPY and I nothing will take others I hope that all will occur well.
  • #1,709
  • Edited 5:26am Jun 12, 2012 4:51am | Edited 5:26am
Hugh,

If the current candle of AU were to close above 100 SMA, I understand we should close the trade for a small loss, even if SL has not been hit, no ?

Update: AU stopped out for me.
  • #1,710
  • Jun 12, 2012 5:50am Jun 12, 2012 5:50am
Quoting Phiksalamuk
Hugh,

If the current candle of AU were to close above 100 SMA, I understand we should close the trade for a small loss, even if SL has not been hit, no ?

Update: AU stopped out for me.
Yes, you are right although I have used a 50 pip stop and left it as i can't monitor the charts and keep a pc running for the ea today. Looking back I don't think I took the best entries here but these two pairs may still start to trend lower. The daily has turned smoothly on both so even if you were stopped out I would still look for a valid short. If these two stop out I will go back to my list of valid pairs and watch all pairs again for the first two good trades to set up.
  • #1,711
  • Jun 12, 2012 6:24am Jun 12, 2012 6:24am
Quoting Hugh Briss
Yes, you are right although I have used a 50 pip stop and left it as i can't monitor the charts and keep a pc running for the ea today. Looking back I don't think I took the best entries here but these two pairs may still start to trend lower. The daily has turned smoothly on both so even if you were stopped out I would still look for a valid short. If these two stop out I will go back to my list of valid pairs and watch all pairs again for the first two good trades to set up.
I agree, I think the pairs will still move down slowly but surely.

For the other people: You can also put 2 x MA on the chart. Both 100 SMA like Hugh suggests but make the one a low and the other high.

You get a nice looking channel which will keep you in and out of respective trades.
  • #1,712
  • Jun 12, 2012 6:28am Jun 12, 2012 6:28am
Quoting Hugh Briss
Yes, you are right although I have used a 50 pip stop and left it as i can't monitor the charts and keep a pc running for the ea today. Looking back I don't think I took the best entries here but these two pairs may still start to trend lower. The daily has turned smoothly on both so even if you were stopped out I would still look for a valid short. If these two stop out I will go back to my list of valid pairs and watch all pairs again for the first two good trades to set up.
I thank you Mr.Briss for your perfect system.I have started with new system.
Now I have long on GBPAUD.stop 25pips+spread
  • #1,713
  • Jun 12, 2012 6:47am Jun 12, 2012 6:47am
Quoting Krypty
I agree, I think the pairs will still move down slowly but surely.

For the other people: You can also put 2 x MA on the chart. Both 100 SMA like Hugh suggests but make the one a low and the other high.

You get a nice looking channel which will keep you in and out of respective trades.
I didn't think of a 100 sma channel. I'll have a look at that myself.
  • #1,714
  • Jun 12, 2012 6:47am Jun 12, 2012 6:47am
Quoting ardasu
I thank you Mr.Briss for your perfect system.I have started with new system.
Now I have long on GBPAUD.stop 25pips+spread
Well spotted, that looks like a nice trade.
  • #1,715
  • Jun 12, 2012 6:51am Jun 12, 2012 6:51am
Quoting Krypty
I agree, I think the pairs will still move down slowly but surely.

For the other people: You can also put 2 x MA on the chart. Both 100 SMA like Hugh suggests but make the one a low and the other high.

You get a nice looking channel which will keep you in and out of respective trades.
Ok, I like that, looks ok. The idea that one line would be exact s/r doesn't hold up that well but an area as defined by the channel seems more plausible. It's a moving area of s/r rather than an exact level. Nice.
  • #1,716
  • Jun 12, 2012 7:04am Jun 12, 2012 7:04am
Eurusd just gave a much better sell signal. That's the one I should have waited for! Nevermind, it's just another reminder for me to be careful to follow the system.
  • #1,717
  • Jun 12, 2012 7:11am Jun 12, 2012 7:11am
Same for AU... I'm back on the short side....
  • #1,718
  • Jun 12, 2012 7:20am Jun 12, 2012 7:20am
Quoting Phiksalamuk
Same for AU... I'm back on the short side....
Audusd seems to be holding up better than eurusd. I think they will both go down eventually, just have to wait and see.
  • #1,719
  • Jun 12, 2012 7:50am Jun 12, 2012 7:50am
Quoting Hugh Briss
Well spotted, that looks like a nice trade.
So you would look for longs on Gbp/Aud H1 even though D1 has not closed blue yet?
  • #1,720
  • Jun 12, 2012 8:19am Jun 12, 2012 8:19am
I am onboard NICE crosses on H1 and D1 - I placed the trade went to the office - now I have a big green ugly - I might make out ok, the green stick is halfway to my SL...

Sell @ 1.2491 SL 1.2536



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