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Swing trading with heiken ashi and stochs

  • #1,841
  • Jun 21, 2012 7:42am Jun 21, 2012 7:42am
Quoting Igorman
What time frames do you trade Bry?

Yeah nothing looks good, i'm out till friday

I trade off of the H4 using the original strategy from Hugh. I hope to see a smooth chart and smooth Stoch - the only difference for me is the entry. I enter using buy stops and sell stops; if going long, I wait for an HA doji with the stoch rounding in or close to oversold territory; I place a buy stop 10 pips beyond the high of the HA doji, then set my TP and SL. Reverse for shorts, of course...

Lately, I have also been looking at the Daily chart HA activity. It would seem that the same strategy could be used, except to either let trades run or to at least set larger TP - of course, larger SL (or watching more closely) would be needed too. What do you think?
  • #1,842
  • Jun 21, 2012 8:37am Jun 21, 2012 8:37am
Quoting FXSmartTools
We are really enjoying using this lovely clean strategy on the 15 min / 2 minute combo. It has dovetailed very nicely with our basic approach to trading of the past many years.

Here's a chart pair from a trade taken during the Asian session today. We used a pending long set at 6 pm PDT. Entry filled at 6:20. Profited at 6:42. Gotta love that.

We carefully calculate a 3% risk profile per trade on our Calculator and this yielded a 4% gain for the day.
Thanks to all those who have created this thread, and to you Hugh for starting it and guiding...
With a name like "FXSmartTools" I would think you were reaaly smart or really a tool ....... What are you selling again?
  • #1,843
  • Jun 21, 2012 8:47am Jun 21, 2012 8:47am
Seeing nothing presently - doesn't look like this morning's US jobs report triggered any reaction either...

Shutting platform down so I don't start seeing things that aren't really there. Will check again this evening...

H4 & Daily HA Dojis and smooth Stochs are my friends and lighthouses... :-))
  • #1,844
  • Jun 21, 2012 9:04am Jun 21, 2012 9:04am
Quoting Traderbry
Seeing nothing presently - doesn't look like this morning's US jobs report triggered any reaction either...

Shutting platform down so I don't start seeing things that aren't really there. Will check again this evening...

H4 & Daily HA Dojis and smooth Stochs are my friends and lighthouses... :-))
Good advice friend!
L.
  • #1,845
  • Jun 21, 2012 9:07am Jun 21, 2012 9:07am
Quoting drzeepfx
With a name like "FXSmartTools" I would think you were reaaly smart or really a tool ....... What are you selling again?
Very perceptive and probably correct. Got to build credibility in the forum first though.
  • #1,846
  • Jun 21, 2012 10:42am Jun 21, 2012 10:42am
Hi all,
I am back to this thread after trying other strategies, with mixed results. So far this strategy yielded the best results.

Thanks to Hugh again for this simple, elegant and very profitable strategy.

Hope to post more frequently here again.

Btw, Euro seems to be setting up nicely. Will short it in the H1 pullback.
  • #1,847
  • Jun 21, 2012 11:07am Jun 21, 2012 11:07am
Quoting taw
Hi all,
I am back to this thread after trying other strategies, with mixed results. So far this strategy yielded the best results.

Thanks to Hugh again for this simple, elegant and very profitable strategy.

Hope to post more frequently here again.

Btw, Euro seems to be setting up nicely. Will short it in the H1 pullback.
Welcome back! Eursud and usdcad both look possibles for tomorrow although usdcad has only pulled back to the 38.2 level on the daily. I'm busy building a position on the DJIA which is trading beautifully at the moment. I'll see how much margin I have left before I get excited about the forex.
  • #1,848
  • Jun 21, 2012 12:06pm Jun 21, 2012 12:06pm
Quoting Hugh Briss
Welcome back! Eursud and usdcad both look possibles for tomorrow although usdcad has only pulled back to the 38.2 level on the daily. I'm busy building a position on the DJIA which is trading beautifully at the moment. I'll see how much margin I have left before I get excited about the forex.
Left over from my scalping days I hate Fridays - mix in my inability to adjust due to lack of system access and it freaks me out some.... Also with the GAPs we have seen every monday what type of SL are we thinking on a weekend hold...... I can alway have the wife adust for me if something good hit the screen I suppose....
  • #1,849
  • Jun 21, 2012 12:18pm Jun 21, 2012 12:18pm
Quoting drzeepfx
Left over from my scalping days I hate Fridays - mix in my inability to adjust due to lack of system access and it freaks me out some.... Also with the GAPs we have seen every monday what type of SL are we thinking on a weekend hold...... I can alway have the wife adust for me if something good hit the screen I suppose....
If I take a position on either it will only be a small one so not too worried about gapping. I don't think we're due much news this weekend anyway.
  • #1,850
  • Jun 21, 2012 1:39pm Jun 21, 2012 1:39pm
I've posted this in the commodity/futures section too but I wanted to post it here as it's a good example of what you want to happen. I was bearish but I couldn't have expected it to work this well. Just got to trail the stops intelligently now.
Attached Image (click to enlarge)
Click to Enlarge Name: dj30 2.gif Size: 21 KB
  • #1,851
  • Jun 21, 2012 6:08pm Jun 21, 2012 6:08pm
I just got home for work and a trip to the bank..... And I see the beautiful EUR chart and that magnificent cross on the SMA line - I was hoping some of my friends here are riding a position or two?

Looks like the first pullback now - I will get on board when I see some red....

PIPs are ours !!!!! Lets get them....
  • #1,852
  • Jun 22, 2012 12:34am Jun 22, 2012 12:34am
That's quite a big move on eurusd and usdcad, don't forget to wait for a decent pullback before jumping in with both feet. If an hourly trend develops we'll be making good pips but don't sell too low just yet. Gbpusd has a clear trendline to break, maybe that will be the best trade for today? Gbpchf long looks good too but not sure I'd want to trade both!
  • #1,853
  • Jun 22, 2012 6:44am Jun 22, 2012 6:44am
Quoting Hugh Briss
That's quite a big move on eurusd and usdcad, don't forget to wait for a decent pullback before jumping in with both feet. If an hourly trend develops we'll be making good pips but don't sell too low just yet. Gbpusd has a clear trendline to break, maybe that will be the best trade for today? Gbpchf long looks good too but not sure I'd want to trade both!
Yes, Lots of chop - and I haven't been in a good position.....
  • #1,854
  • Jun 24, 2012 4:29pm Jun 24, 2012 4:29pm
Hey guys!

I'm back! Damn I missed quite a lot of action traveling around

Just shorted NZDUSD @7.8917
  • #1,855
  • Jun 24, 2012 4:43pm Jun 24, 2012 4:43pm
Quoting Igorman
Hey guys!

I'm back! Damn I missed quite a lot of action traveling around

Just shorted NZDUSD @7.8917
7.8917?! Wow, your broker feed is way out!
  • #1,856
  • Jun 24, 2012 4:44pm Jun 24, 2012 4:44pm
Ok, taken a look and I can see why you might want to be short that. Why not just short eurusd instead? They're both likely to move the same way and you're not paying the swap on eurusd if you manage to build a position and hold it for a few days.
  • #1,857
  • Jun 24, 2012 5:11pm Jun 24, 2012 5:11pm
Quoting Hugh Briss
Ok, taken a look and I can see why you might want to be short that. Why not just short eurusd instead? They're both likely to move the same way and you're not paying the swap on eurusd if you manage to build a position and hold it for a few days.
Quote
7.8917?! Wow, your broker feed is way out!

lol 0.78917

I see your point about shorting eurusd instead, just nzd was pulling nicely to 100 sma... Are your holding any positions right now?
  • #1,858
  • Jun 24, 2012 5:34pm Jun 24, 2012 5:34pm
I'll check EUR tmrw morning, I think that there should be a small pull back...
  • #1,859
  • Jun 24, 2012 7:20pm Jun 24, 2012 7:20pm
Hi all, I found this thread by accident as I have been tradiing a similar strategy for some time (I use mainly 4-hr HA charts). I'm short EUR/NOK and waiting for confirmation to short EUR/USD or AUD/USD. However, this would represent a change in trend on AUD/USD as trend has been clearly bullish for a few weeks. Therefore I am seeking strong confirmation before shorting. There is a possibility that the AUD/USD bullish trend will continue and that the recent down movement was just a pullback.
  • #1,860
  • Jun 24, 2012 11:24pm Jun 24, 2012 11:24pm
Quoting GarytheSnail
Hi all, I found this thread by accident as I have been tradiing a similar strategy for some time (I use mainly 4-hr HA charts). I'm short EUR/NOK and waiting for confirmation to short EUR/USD or AUD/USD. However, this would represent a change in trend on AUD/USD as trend has been clearly bullish for a few weeks. Therefore I am seeking strong confirmation before shorting. There is a possibility that the AUD/USD bullish trend will continue and that the recent down movement was just a pullback.
Welcome to the thread. Aren't you paying a huge spread on eurnok? I'm inclined to leave aud and nzd alone at the moment because of the swap. I don't want to be long because overall I am bullish USD and I don't want to build a big position short because I will be paying huge swap every night.
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