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Swing trading with heiken ashi and stochs

  • #1,901
  • Jun 27, 2012 6:02am Jun 27, 2012 6:02am
Quoting drzeepfx
Second position sell @ 99.06 all SLs 99.51
Are you still in short EUR/JPY? I'm guessing your stop triggered on this one.
  • #1,902
  • Jun 27, 2012 6:18am Jun 27, 2012 6:18am
Quoting GarytheSnail
Are you still in short EUR/JPY? I'm guessing your stop triggered on this one.

Yep SL hit out on all positions...
  • #1,903
  • Jun 27, 2012 6:44am Jun 27, 2012 6:44am
Quoting drzeepfx
Yep SL hit out on all positions...
Bad luck, onto the next one.
  • #1,904
  • Jun 27, 2012 7:06am Jun 27, 2012 7:06am
Anyone found any good trades lately?

I have to admit I am struggling after the first week on demo went so well, I have not been able to catch any good runs the last 2 weeks, most hitting S/L or B/E.

But if it is true that Foreign Exchange markets are only trending 30% of time maybe it is not surprising.
  • #1,905
  • Jun 27, 2012 7:32am Jun 27, 2012 7:32am
HB & Gary,

Thanks for your thoughts on the AUD probable movement. I wanted to ask thea reasons for your outlook? After reading your comments, I took a look at the Daily and Weekly charts - both seem to show the AUD at the beginning of an uptrend resumption abd both show bullish HA candles.

Is your bearish outlook due to price action still being below the 100 sma?

I'm eager to learn, so your feedback is very much appreciated...

Thanks
  • #1,906
  • Jun 27, 2012 7:53am Jun 27, 2012 7:53am
[quote=normtold;5794180]Anyone found any good trades lately?
quote]

Not me, grumble moan grumble,,,
Don't ask me, I have no idea what's going on.
  • #1,907
  • Jun 27, 2012 7:58am Jun 27, 2012 7:58am
I finally closed my e/$ position from yesterday with a very slight profit. With the upcoming EU summit and a US holiday next week this might be a good time to sit on my hands and just watch although news of any sort from the summit could affect prices, I have a hard time with patience.
  • #1,908
  • Jun 27, 2012 8:33am Jun 27, 2012 8:33am
Close +8 pips EG on long.

L.
  • #1,909
  • Jun 27, 2012 8:41am Jun 27, 2012 8:41am
Quoting Traderbry
HB & Gary,

Thanks for your thoughts on the AUD probable movement. I wanted to ask thea reasons for your outlook? After reading your comments, I took a look at the Daily and Weekly charts - both seem to show the AUD at the beginning of an uptrend resumption abd both show bullish HA candles.

Is your bearish outlook due to price action still being below the 100 sma?

I'm eager to learn, so your feedback is very much appreciated...

Thanks
Aud is reducing interest rates which generally leads to lower prices despite the fact the interest rate differential between it and other currencies is still high.
  • #1,910
  • Jun 27, 2012 8:54am Jun 27, 2012 8:54am
[quote=Gizzledonk;5794355]
Quoting normtold
Anyone found any good trades lately?
quote]

Not me, grumble moan grumble,,,
It been a dry couple weeks - Just no mad swings for us to exploite -
EUR/USD is looking good - I got in an hour ago or so.... But is it a trend ?

It will happen agian soon - the pairs are primed we just need to watch for an open....
  • #1,911
  • Jun 27, 2012 9:09am Jun 27, 2012 9:09am
[quote=drzeepfx;5794566]
Quoting Gizzledonk

It been a dry couple weeks - Just no mad swings for us to exploite -
EUR/USD is looking good - I got in an hour ago or so.... But is it a trend ?

It will happen agian soon - the pairs are primed we just need to watch for an open....
Just closed my dj30 trade a little earlier than I would like. Made a good profit. It's pulling back a bit further than I thought it would.
  • #1,912
  • Jun 27, 2012 9:20am Jun 27, 2012 9:20am
Quoting Hugh Briss
Aud is reducing interest rates which generally leads to lower prices despite the fact the interest rate differential between it and other currencies is still high.

Thanks for the sound fundamental reasoning Hugh. If not for the interest rates, is my read correct regarding the charts and the decision to go Long? I'm wanting to be sure I'm picking up this strategy. I'm also considering using the H4 strategy, since I work full time and can't watch the market hourly (especially at night - need my zzzz's). Would you suggest and H4/M30 as opposed to the D1/H1 - or should I look more to a W1/H4 strategy?

Thanks,
  • #1,913
  • Jun 27, 2012 10:17am Jun 27, 2012 10:17am
Quoting Traderbry
Thanks for the sound fundamental reasoning Hugh. If not for the interest rates, is my read correct regarding the charts and the decision to go Long? I'm wanting to be sure I'm picking up this strategy. I'm also considering using the H4 strategy, since I work full time and can't watch the market hourly (especially at night - need my zzzz's). Would you suggest and H4/M30 as opposed to the D1/H1 - or should I look more to a W1/H4 strategy?

Thanks,
Take a look at my new thread here...

http://www.forexfactory.com/showthread.php?t=370607
  • #1,914
  • Jun 27, 2012 1:37pm Jun 27, 2012 1:37pm
Quoting Hugh Briss
Take a look at my new thread here...

http://www.forexfactory.com/showthread.php?t=370607

Thanks HB, will do... Another question for you regarding this thread. In light of your current D1/H1 strategy, what now are your thoughts about your original H4 strategy?

Much appreciation for your time and efforts that we are all benefitting from...
  • #1,915
  • Jun 27, 2012 3:12pm Jun 27, 2012 3:12pm
Quoting Traderbry
Thanks HB, will do... Another question for you regarding this thread. In light of your current D1/H1 strategy, what now are your thoughts about your original H4 strategy?

Much appreciation for your time and efforts that we are all benefitting from...
No problem. The d1/hourly is just an attempt to increase the probability of catching a good, long trend so we can add on and make a tidy profit. I still believe the original system has merit on it's own for taking quick, high probability trades on any timeframe. I don't currently trade 4 hour candles but if that timeframe suits you try looking at the weekly chart for more direction. When the two timeframes go in the same direction you will have higher probability of catching a good move.
  • #1,916
  • Jun 27, 2012 4:21pm Jun 27, 2012 4:21pm
Quoting Hugh Briss
No problem. The d1/hourly is just an attempt to increase the probability of catching a good, long trend so we can add on and make a tidy profit. I still believe the original system has merit on it's own for taking quick, high probability trades on any timeframe. I don't currently trade 4 hour candles but if that timeframe suits you try looking at the weekly chart for more direction. When the two timeframes go in the same direction you will have higher probability of catching a good move.

Thanks for not only the suggestion, but also the timely replies, HB. I was thinking the same thing regarding the Weekly/H4 idea - sounds like a natural step up from D1/H1, in terms of MTF trend seeking...
  • #1,917
  • Jun 27, 2012 7:54pm Jun 27, 2012 7:54pm
[quote=Gizzledonk;5794355]
Quoting normtold
Anyone found any good trades lately?
quote]

Not me, grumble moan grumble,,,
I got stopped out of short EUR/NOK for 1% loss of capital and have moved my stop to breakeven on short EUR/USD (currently sitting on a small profit). I have just entered long NZD/USD and USD/JPY as the 4hr HA shows the start of an uptrend and I believe this is consistent with the D trend. I'm risking 1% of capital on each of these two.
  • #1,918
  • Jun 28, 2012 12:16am Jun 28, 2012 12:16am
I got stopped out of long USD/JPY (1% loss of capital). Still long NZD/USD (surging upwards) and just entered long EUR/USD. Finally we are seeing some movement on EUR/USD, and based on 4hr HA I am prepared to bet that a bullish trend is building (or, to be more accurate, bearish USD). Will be moving stops to breakeven once 50 pips profit touched. Anyone else agree with this sentiment?
  • #1,919
  • Jun 28, 2012 2:21am Jun 28, 2012 2:21am
Quoting GarytheSnail
I got stopped out of long USD/JPY (1% loss of capital). Still long NZD/USD (surging upwards) and just entered long EUR/USD. Finally we are seeing some movement on EUR/USD, and based on 4hr HA I am prepared to bet that a bullish trend is building (or, to be more accurate, bearish USD). Will be moving stops to breakeven once 50 pips profit touched. Anyone else agree with this sentiment?
No, personally I think eurusd is just pulling back a little in a downtrend. It's hard to say what it will do after today though due to the EU summit. I'm not trading it today.

I'm long usdjpy this morning after the nice bounce from the daily trendline.
  • #1,920
  • Jun 28, 2012 6:51am Jun 28, 2012 6:51am
It looks like the audcan will be ready within a few hours.
Attached Image(s) (click to enlarge)
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To get more profit, not the entry but the exit will make the big difference
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