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Swing trading with heiken ashi and stochs

  • #2,081
  • Jul 17, 2012 8:01am Jul 17, 2012 8:01am
Quoting seqburn
guy what u thing about pair GBP/USD 4H chart , the stochostic now is overbought but the sma still above?
Trendline just broken on the hourly.
  • #2,082
  • Jul 17, 2012 10:03am Jul 17, 2012 10:03am
yeah dude i got the $$$ gbp down.. Hugh Briss thanks! .. but about 100sma i think we dont ned using the 100sma, but change and using trendline only? ..
  • #2,083
  • Jul 17, 2012 2:25pm Jul 17, 2012 2:25pm
Quoting seqburn
yeah dude i got the $$$ gbp down.. Hugh Briss thanks! .. but about 100sma i think we dont ned using the 100sma, but change and using trendline only? ..
It's always better to follow the 100 sma. That tells you the dominant trend. You can have lucky trades against the trend anytime but using the 100 sma and trading with the trend increases your probability which is what it's all about.
  • #2,084
  • Jul 17, 2012 5:24pm Jul 17, 2012 5:24pm
I tried to re-enter short Eur/usd on 4h today, stoch was going down from overbought heiken closed red, but looks like we will see a bit more up movement.
  • #2,085
  • Jul 17, 2012 6:21pm Jul 17, 2012 6:21pm
Quoting uberteh
I tried to re-enter short Eur/usd on 4h today, stoch was going down from overbought heiken closed red, but looks like we will see a bit more up movement.
I'm not at my charts right now, so I can't see what exactly the H4 looks like, but last I saw price had pulled back to the daily 10 EMA. If it pokes higher look for negative divergence on stochastics. Then if you get the green light it will be higher probability.
Get money, don't let money get you. @kauaiforex
  • #2,086
  • Jul 17, 2012 11:10pm Jul 17, 2012 11:10pm
Quoting uberteh
I tried to re-enter short Eur/usd on 4h today, stoch was going down from overbought heiken closed red, but looks like we will see a bit more up movement.
Yes, a quick look at the daily would tell you not to short right now. Maybe 1.24 would be a good place to look for a sell opportunity?
  • #2,087
  • Jul 18, 2012 1:17am Jul 18, 2012 1:17am
Audusd starting to look interesting on the daily/hourly.
  • #2,088
  • Jul 18, 2012 1:25am Jul 18, 2012 1:25am
NZDUSD is brewing up a nice 'head and shoulders' on the daily, right under the MA100 for a nice sell in a day or two perhaps.
Don't ask me, I have no idea what's going on.
  • #2,089
  • Jul 18, 2012 1:26am Jul 18, 2012 1:26am
'might even be turning down on the H4 H1 already, perhaps, maybe.
Don't ask me, I have no idea what's going on.
  • #2,090
  • Jul 18, 2012 1:31am Jul 18, 2012 1:31am
Quoting Gizzledonk
NZDUSD is brewing up a nice 'head and shoulders' on the daily, right under the MA100 for a nice sell in a day or two perhaps.
Maybe, not much momentum to the upside at the moment but I wouldn't want to be short just yet.

I never look at 4 hour, it just confuses the picture. Better to stick to either one timeframe such as 4 hour or to use two like daily/hourly. Using three or more will always cloud the picture.
  • #2,091
  • Jul 18, 2012 4:00am Jul 18, 2012 4:00am
HB--you have helped my trading a lot. Thank you.
  • #2,092
  • Jul 18, 2012 4:38am Jul 18, 2012 4:38am
Just shorted USD/JPY @ ~ 97.06
  • #2,093
  • Jul 18, 2012 5:08am Jul 18, 2012 5:08am
Quoting Hugh Briss
Maybe, not much momentum to the upside at the moment but I wouldn't want to be short just yet.

I never look at 4 hour, it just confuses the picture. Better to stick to either one timeframe such as 4 hour or to use two like daily/hourly. Using three or more will always cloud the picture.
Hi Hugh,

I'm lost here..so we are no longer looking at 4H charts?
i realize that i miss a number of trades when looking at 4H..so i have tuned to 1H charts..so its better to use them in conjunction with the Dailys?

Thx for clarifying..I'm using your instructions like a bible mate..

Cheers!
  • #2,094
  • Jul 18, 2012 5:15am Jul 18, 2012 5:15am
Quoting Hugh Briss
Maybe, not much momentum to the upside at the moment but I wouldn't want to be short just yet.

I never look at 4 hour, it just confuses the picture. Better to stick to either one timeframe such as 4 hour or to use two like daily/hourly. Using three or more will always cloud the picture.
A typo about not looking at 4H?
Thanks
  • #2,095
  • Jul 18, 2012 6:32am Jul 18, 2012 6:32am
The thread started off a 4H strategy taking direction from the 100 MA.

There is a link on the first page to the updated strategy.

Look at D1 for direction and then trade off the H1 (no need to look at H4).

Worth reading the PDF here, post 1640.

http://www.forexfactory.com/showthre...58#post5742858
  • #2,096
  • Jul 18, 2012 6:42am Jul 18, 2012 6:42am
What is confusing to me is the difference in the stochs reading between the D and the 1H - on the D chart are we only looking at the trend, stochs aren't important?
  • #2,097
  • Jul 18, 2012 6:52am Jul 18, 2012 6:52am
Quoting normtold
The thread started off a 4H strategy taking direction from the 100 MA.

There is a link on the first page to the updated strategy.

Look at D1 for direction and then trade off the H1 (no need to look at H4).

Worth reading the PDF here, post 1640.

http://www.forexfactory.com/showthre...58#post5742858
Hi Normtold,

Thanks for helping to clarify..I missed this one..back to basics again for now..

Cheers mate!
  • #2,098
  • Jul 18, 2012 7:41am Jul 18, 2012 7:41am
Quoting IRISH37
HB--you have helped my trading a lot. Thank you.
Glad to hear it!
  • #2,099
  • Jul 18, 2012 7:42am Jul 18, 2012 7:42am
Quoting Igorman
Just shorted USD/JPY @ ~ 97.06
The daily stochs don't look too promising but you've got the 97 level to hold it down hopefully.
  • #2,100
  • Jul 18, 2012 7:45am Jul 18, 2012 7:45am
Quoting leodlaure
Hi Hugh,

I'm lost here..so we are no longer looking at 4H charts?
i realize that i miss a number of trades when looking at 4H..so i have tuned to 1H charts..so its better to use them in conjunction with the Dailys?

Thx for clarifying..I'm using your instructions like a bible mate..

Cheers!
I think someone has answered this already but yes I prefer daily and hourly together and don't use 4 hour charts anymore. If you're just going to use one timeframe then you can still catch some good trades but best to trail the stop quickly and take your profits when you get to 1:2 or 1:3 risk/reward. If you're going to use two timeframes and want H4 to be your trading timeframe then use weekly for the big picture. Like I say I prefer daily and hourly.
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