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Swing trading with heiken ashi and stochs

  • #2,161
  • Aug 7, 2012 1:42am Aug 7, 2012 1:42am
Quoting IRISH37
A small suggestion. It would be helpful if HB could post a list of current pairs on an established trend and update it weekly.
Why don't I just take the trades for you as well? Or just give you the money?

It would be a nice idea but I just don't have the time anymore to do that.
  • #2,162
  • Aug 7, 2012 2:11am Aug 7, 2012 2:11am
Quoting IRISH37
A small suggestion. It would be helpful if HB could post a list of current pairs on an established trend and update it weekly.
Dude, it's not hard to see if a pair is trending or not. Especially in Heiken-Ashi candles. Just open the D1 chart. If you can't tell the trend, then most probably there isn't one. If you're still not sure, ask a five years old child. They see things clearer than us, as their vision is not so cluttered.

Best regards,
Barbossa
  • #2,163
  • Aug 7, 2012 3:04am Aug 7, 2012 3:04am
i deserved that--and the HB reply. Was just trying to help juliuy in a moment of weakness.
  • #2,164
  • Aug 7, 2012 3:16am Aug 7, 2012 3:16am
Quoting IRISH37
i deserved that--and the HB reply. Was just trying to help juliuy in a moment of weakness.
No, I don't need that kind of help. I have no problems identifying a trend, and I am having very good consistent results with most of the pairs in the backtesting. I wanted to improve the way I identify pullbacks, and understand better the meaning of "smoothness", HB clarified a lot with his replies, and he mentioned he might post some charts related to smooth pullbacks, which would be very helpful.

I am even thinking of programming a little dashboard which would show which pairs are trending on D1 together with some other info.

In short your request is not related to my question or weakness :-)

Julius
  • #2,165
  • Aug 7, 2012 4:00am Aug 7, 2012 4:00am
ok-----I was referring to my weakness. Good luck.
  • #2,166
  • Edited 6:55am Aug 7, 2012 5:41am | Edited 6:55am
Hello Hugh Briss,

Thanks for sharing the system with us

When looking for a valid signal at the daily chart do we use the same criterias as for the hourly chart?

for the daily chart we use 100 SMA (which is 100 daily candles in the past)?
and for the hourly (1H) chart we use 100 SMA (but here it is 100 hourly candles in the past)?

Is this correct?

Thanks
  • #2,167
  • Aug 7, 2012 6:47am Aug 7, 2012 6:47am
Quoting drzeepfx
CAD BH (civic day) on Tuesday too....
srry was look at the wrong time zone(s)

  • #2,168
  • Aug 7, 2012 1:09pm Aug 7, 2012 1:09pm
I will try catch some good swing trades... with weekly charts tp 300 sl 200
  • #2,169
  • Aug 7, 2012 2:35pm Aug 7, 2012 2:35pm
Quoting jaxx80
Hello Hugh Briss,

Thanks for sharing the system with us

When looking for a valid signal at the daily chart do we use the same criterias as for the hourly chart?

for the daily chart we use 100 SMA (which is 100 daily candles in the past)?
and for the hourly (1H) chart we use 100 SMA (but here it is 100 hourly candles in the past)?

Is this correct?

Thanks
Hello, yes you use the same criteria for the daily chart as the hourly chart. Yes, a 100 sma on the hourly chart looks back 100 hourly candles.
  • #2,170
  • Aug 7, 2012 2:36pm Aug 7, 2012 2:36pm
Quoting IRISH37
ok-----I was referring to my weakness. Good luck.
Nothing wrong with trying to help someone out.
  • #2,171
  • Aug 7, 2012 2:37pm Aug 7, 2012 2:37pm
Quoting Raa
I will try catch some good swing trades... with weekly charts tp 300 sl 200
Why? If you're going to use weekly charts why take profit at 300 pips? That's nothing on a weekly chart.
  • #2,172
  • Aug 7, 2012 2:45pm Aug 7, 2012 2:45pm
Quoting Hugh Briss
Why? If you're going to use weekly charts why take profit at 300 pips? That's nothing on a weekly chart.
+1
Really, I'd aim at 300 pips from 5M...
  • #2,173
  • Aug 7, 2012 4:56pm Aug 7, 2012 4:56pm
Quoting Hugh Briss
Hello, yes you use the same criteria for the daily chart as the hourly chart. Yes, a 100 sma on the hourly chart looks back 100 hourly candles.
What if the 100 SMA on the daily chart is going in one direction and the 100 SMA on the hourly chart goes in the other direction?
in which direction we will be looking to enter the trade?
  • #2,174
  • Aug 7, 2012 11:26pm Aug 7, 2012 11:26pm
Quoting jaxx80
What if the 100 SMA on the daily chart is going in one direction and the 100 SMA on the hourly chart goes in the other direction?
in which direction we will be looking to enter the trade?
You won't. Wait until the hourly is moving in the same direction as the daily.
  • #2,175
  • Aug 8, 2012 12:26am Aug 8, 2012 12:26am
Quoting Hugh Briss
Why? If you're going to use weekly charts why take profit at 300 pips? That's nothing on a weekly chart.
I am not greedy, 300 for me is enough

I did not find properly exit point, so I set auto tp just 300 points.
  • #2,176
  • Aug 8, 2012 12:29am Aug 8, 2012 12:29am
Quoting Barbossa
+1
Really, I'd aim at 300 pips from 5M...
I think trading 5m time frame is frenzy. Anyway, hat off, if you are profitable in day trading.
  • #2,177
  • Aug 8, 2012 1:59am Aug 8, 2012 1:59am
Hello Hugh Briss,

Do you take trades which are in the desired direction but the price is in the opposite side of the 100 SMA?

If you see a bullish reversal sign on the daily chart, then you see a bullish reversal sign on the hourly chart, but the price is below the 100 SMA (on the daily or on the hourly chart), will you take the trade?

And if you take it what will you do when the price crosses the 100 SMA? according to the system you have to close all trades, but in this case the crossing will be in the good direction?

Thanks
  • #2,178
  • Aug 8, 2012 2:44am Aug 8, 2012 2:44am
Quoting Raa
I think trading 5m time frame is frenzy. Anyway, hat off, if you are profitable in day trading.
I'm only evaluating this at the moment. And it's not trading the M5 per se, just using it for entries with very short stops. But the point is that risking 200p to make 300 doesn't sound very efficient. If you aim for 300, make sure you risk less.

Sincerely,
Barbossa
  • #2,179
  • Aug 8, 2012 8:01am Aug 8, 2012 8:01am
Quoting Barbossa
I'm only evaluating this at the moment. And it's not trading the M5 per se, just using it for entries with very short stops. But the point is that risking 200p to make 300 doesn't sound very efficient. If you aim for 300, make sure you risk less.

Sincerely,
Barbossa
I am now searching effective method for daily/weekly charts (i need 300pips per trade), anyway, don' t worry about me, i have nice MM model.
  • #2,180
  • Aug 8, 2012 8:16am Aug 8, 2012 8:16am
Quoting Raa
I am now searching effective method for daily/weekly charts (i need 300pips per trade), anyway, don' t worry about me, i have nice MM model.
When you find it pleas let me know

Olu
If you think you can or cannot do it you are correct
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