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Swing trading with heiken ashi and stochs

  • #2,001
  • Jul 6, 2012 8:05am Jul 6, 2012 8:05am
And after another disappointing Jobs number, they both continue to run. This just keep getting better. Thanks HB!!
  • #2,002
  • Jul 6, 2012 8:32am Jul 6, 2012 8:32am
I think we will hit a temporary bottom here... I know the method doesn't allow exit here. But we are at lows of June 1st around here and that went almost 170 pips bottom too top before it changed green bar.. So I like a exit/super tight stop here... And it's a Friday so profit taking day.

Great Simple method btw!!
The winner of the rat race is still a rat.
  • #2,003
  • Jul 6, 2012 10:14am Jul 6, 2012 10:14am
Moved SL's to lock in 200 pips in the eurusd and 100 in the usdchf.
  • #2,004
  • Jul 6, 2012 11:13am Jul 6, 2012 11:13am
Quoting Traderbry
Moved SL's to lock in 200 pips in the eurusd and 100 in the usdchf.
Nice trading. Got to let your winners run.
  • #2,005
  • Jul 6, 2012 12:42pm Jul 6, 2012 12:42pm
Fo the OP.....Great stuff HUgh, Nice simple and effective method. I trade a very similar style but on smller time frames. Hopefully i wil get some of my strate up here soon as well to share thoughts.
  • #2,006
  • Jul 6, 2012 1:56pm Jul 6, 2012 1:56pm
Quoting Sixfour
Fo the OP.....Great stuff HUgh, Nice simple and effective method. I trade a very similar style but on smller time frames. Hopefully i wil get some of my strate up here soon as well to share thoughts.
Thanks, look forward to your input.
  • #2,007
  • Edited 6:51pm Jul 6, 2012 6:22pm | Edited 6:51pm
Quoting Traderbry
Moved SL's to lock in 200 pips in the eurusd and 100 in the usdchf.
Nice! Tradebry did you follow this system to ride EURUSD? Cuz I didn't see a valid signal from this system...

Also, do you think there will be a nice pull back for EURUSD?
  • #2,008
  • Jul 6, 2012 7:47pm Jul 6, 2012 7:47pm
HB in the pdf file it's mentioned that our initial trade requires a small pullback to 100 sma, right? Can engage in trade right after candle closed behind 100 sma? Assuming that we had a stoch cross and D1 HA candle color change.

I will also try to trade slightly different way. Instead of candle crossing 100 sma, I'll engage in trade when 20 ema and 50 ema crosses (as rossobanks suggested)
  • #2,009
  • Jul 6, 2012 11:14pm Jul 6, 2012 11:14pm
Quoting Igorman
HB in the pdf file it's mentioned that our initial trade requires a small pullback to 100 sma, right? Can engage in trade right after candle closed behind 100 sma? Assuming that we had a stoch cross and D1 HA candle color change.

I will also try to trade slightly different way. Instead of candle crossing 100 sma, I'll engage in trade when 20 ema and 50 ema crosses (as rossobanks suggested)
If you've followed the rules in terms of waiting for a signal on the daily and for that daily candle to have closed then by the time you look at the hourly chart the price will be trading the right side of the 100 sma. Above it in an up move and below it in a down move. The pullback obviously will move back towards the 100 sma and the next turn is your first signal. This doesn't need to happen exactly at the 100 sma but if it does it is a good signal.

I use the 100 sma as my line in the sand because it is said that a lot of traders watch it and use it as a bullish/bearish indicator, if it is above then trade long and if below trade short. I have heard that the 20/50 ema combo is popular too but I wouldn't trade the crossover rather than use them for general direction which is what we get from the 100 sma anyway.

The more aggressive (and risky) entry is to enter on the first cross of the 100 sma. If you see a possible turn on the daily, the place to turn is right such as a 50% fib level on the daily, then you can go to the hourly chart early and watch for the price to close the other side of the 100 sma. This will get you in with a tighter stop loss but be prepared to be stopped out a few times before you get a trade that runs your way. A lot of the time the price will pull back to the 100 sma and use it as s/r before a big push anyway so you will be able to get in at a similar price to trading the break. It's down to personal choice whether you trade this more aggressive way but for me I'd rather wait for the first pullback and have a higher probability trade than risk getting chopped about entering on the first close over the 100 sma.
  • #2,010
  • Jul 7, 2012 8:23am Jul 7, 2012 8:23am
HB (Hope u don't mind calling u HB), your thread is really enjoyable and i have been a stalker for many time!
Let me present myself.
I’m a Brazilian trader, that have been using an %R based system, I prefer trading the brazilian index and some commodities, rather than “coins”, because many of the pairs that you trade are not available here. (we can only trade, EUR – BRL, USD – BRL).
Anyway, as a trader my first objective is to earn all as possible with less risk, and that’s why I’m attracted to your system,
I’m posting my first sequence of trades using your method (on index), combined with the system I have been using for the last 3 years.
Could you please review these trades and check if they were according to your method or merely and coincidence (%R and Stochs are very similar, in fact almost the same with -).
Thank you!

http://img705.imageshack.us/img705/9231/hbibv.jpg
  • #2,011
  • Jul 7, 2012 11:34am Jul 7, 2012 11:34am
Quoting nadner
HB (Hope u don't mind calling u HB), your thread is really enjoyable and i have been a stalker for many time!
Let me present myself.
I’m a Brazilian trader, that have been using an %R based system, I prefer trading the brazilian index and some commodities, rather than “coins”, because many of the pairs that you trade are not available here. (we can only trade, EUR – BRL, USD – BRL).
Anyway, as a trader my first objective is to earn all as possible with less risk, and that’s why I’m attracted to your system,
I’m posting my first sequence of trades...
Hi, thanks for posting, your sell entries look fine but I wouldn't take the long entries because they are against the trend. On this occasion they worked out but in future they may not. Against the trend is lower probability.
  • #2,012
  • Jul 7, 2012 11:16pm Jul 7, 2012 11:16pm
Quoting Igorman
Nice! Tradebry did you follow this system to ride EURUSD? Cuz I didn't see a valid signal from this system...

Also, do you think there will be a nice pull back for EURUSD?
Igor,

I followed the system with 1 modification: when the HA change looked imminent on the Daily chart, I dropped down to the H1 chart and positioned myself to enter upon the close of a HA candle below the 100 sma.

As for a pullback; I'm hoping it will happen so that I can add to my trade - but even if it doesn't, I have over 200 pips of profit to be thankful for.
  • #2,013
  • Jul 8, 2012 6:30pm Jul 8, 2012 6:30pm
Short AUDUSD if break the line!

Anyone?

L.
Attached Image (click to enlarge)
Click to Enlarge Name: short_audusd.jpg Size: 109 KB
  • #2,014
  • Jul 8, 2012 8:27pm Jul 8, 2012 8:27pm
Quoting jaau
Short AUDUSD if break the line!

Anyone?

L.
Don't know how much value you would put into my opinions, but I would consider that trade. I actually like the potential Long opportunity the usdcad is showing as a clearer read. But you're right, that AUD does look like it wants to drop a bit. The question is how much - because the current trend on the D1 seems to be up...
  • #2,015
  • Jul 8, 2012 8:49pm Jul 8, 2012 8:49pm
Quoting Traderbry
Don't know how much value you would put into my opinions, but I would consider that trade. I actually like the potential Long opportunity the usdcad is showing as a clearer read. But you're right, that AUD does look like it wants to drop a bit. The question is how much - because the current trend on the D1 seems to be up...
If brokes the line, something like 70 pips or little more.

L.
  • #2,016
  • Jul 8, 2012 10:19pm Jul 8, 2012 10:19pm
Quoting Hugh Briss
If you've followed the rules in terms of waiting for a signal on the daily and for that daily candle to have closed then by the time you look at the hourly chart the price will be trading the right side of the 100 sma. Above it in an up move and below it in a down move. The pullback obviously will move back towards the 100 sma and the next turn is your first signal...
Thanks Hugh for clarifying this for me. I guess I didn't get used to the system yet, it's only been a month...
  • #2,017
  • Jul 8, 2012 10:20pm Jul 8, 2012 10:20pm
Quoting Traderbry
Igor,

I followed the system with 1 modification: when the HA change looked imminent on the Daily chart, I dropped down to the H1 chart and positioned myself to enter upon the close of a HA candle below the 100 sma.

As for a pullback; I'm hoping it will happen so that I can add to my trade - but even if it doesn't, I have over 200 pips of profit to be thankful for.
Cool. Except for the last trade have this modification been profitable for you?
  • #2,018
  • Jul 8, 2012 10:22pm Jul 8, 2012 10:22pm
Quoting Traderbry
Don't know how much value you would put into my opinions, but I would consider that trade. I actually like the potential Long opportunity the usdcad is showing as a clearer read. But you're right, that AUD does look like it wants to drop a bit. The question is how much - because the current trend on the D1 seems to be up...
USDCAD looks nice, but I would wait for a pull back to 100 sma
  • #2,019
  • Jul 8, 2012 10:24pm Jul 8, 2012 10:24pm
Hi Hugh et All,

do you guys also look at the gradient of the 100SMA to determine the trend? i'm sorry if this has been answered before..should we be more cautious in entry if the 100SMA is flat, as in current E/U?

Thanks in advance for the reply, people!

Cheers!
  • #2,020
  • Jul 8, 2012 10:25pm Jul 8, 2012 10:25pm
Do you guys see a potential trade building up in G/U?
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