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Swing trading with heiken ashi and stochs

  • #2,261
  • Aug 27, 2012 9:59am Aug 27, 2012 9:59am
Quoting Spreadbetter
Good thread. Well done for sharing. Have built my own edge, developed principally around HA, for approx 3 years now. I only trade off 12 hr chart and the dailys and use the dmi plus psar as 'filters'/increased confirmation..dmi adjusted to 21/25..

The benefits are massive, can't emphasise how trading less equals more, however, as an example on eur/usd I've only taken one short one long since 4th July 2012 and my typical stops are the high or low of where I believe is the trend turning point, can be as much as 200 pips and I don't use trailing...
dmi? Sounds good, maybe you could post a chart with an example trade for us? Thanks for posting.
  • #2,262
  • Aug 27, 2012 11:32am Aug 27, 2012 11:32am
hi guys, i do not normally trade bank holidays and fridays, but i studied a lot today. These haiken ashi i charts are really good i even start to look at normal candle charts differently. Once i majke a HA trade i will post it. take care
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,263
  • Aug 27, 2012 9:24pm Aug 27, 2012 9:24pm
Exited out of loonie at about +5pips. This pair audnzd looks very interesting to go short if prices retrace back to near 100sma, then all looks good for a short if all entry rules are checked ok.

I got a bit impatient, and took a long trade just to gain some pips from this retrace.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd2.JPG Size: 122 KB
  • #2,264
  • Aug 27, 2012 11:28pm Aug 27, 2012 11:28pm
Quoting Hugh Briss
(...) I will wait for the hourly to break the 100 sma and then wait for a clear pullback to the 100 sma on the hourly and that will be my first entry.
OK, thanks for this analysis. Sounds like a good approach checking if MA100 will play resistance or support.

It seems we are soon there:

http://img32.imageshack.us/img32/229...01280613am.png
  • #2,265
  • Aug 27, 2012 11:54pm Aug 27, 2012 11:54pm
Quoting fchaman
Exited out of loonie at about +5pips. This pair audnzd looks very interesting to go short if prices retrace back to near 100sma, then all looks good for a short if all entry rules are checked ok.

I got a bit impatient, and took a long trade just to gain some pips from this retrace.
Hmm, that impatience looks like it could well bite you on the ass!
  • #2,266
  • Aug 27, 2012 11:54pm Aug 27, 2012 11:54pm
Quoting Frenchie
OK, thanks for this analysis. Sounds like a good approach checking if MA100 will play resistance or support.

It seems we are soon there:

http://img32.imageshack.us/img32/229...01280613am.png
Looks interesting, worth a small trade if it turns smoothly.
  • #2,267
  • Aug 28, 2012 12:10am Aug 28, 2012 12:10am
aud/nzd trendline on d1 worries me to go short.
  • #2,268
  • Aug 28, 2012 1:49am Aug 28, 2012 1:49am
nice smoothed pullback on eur/usd.looking short.
  • #2,269
  • Aug 28, 2012 2:18am Aug 28, 2012 2:18am
Quoting nebur05
nice smoothed pullback on eur/usd.looking short.
Nope, looks like it's going higher to me. Check the daily too.
  • #2,270
  • Aug 28, 2012 5:16am Aug 28, 2012 5:16am
Quoting Hugh Briss
Nope, looks like it's going higher to me. Check the daily too.
Yes, that was a no-show. Right now it seems daily could go into a stoch cross up in the OB area. But as daily candle is not closed yet, we cannot tell and need to stay aside, right?

So nothing to do for us on this pair.

From the H1 chart:
http://img545.imageshack.us/img545/7...01221350pm.png
  • #2,271
  • Aug 28, 2012 5:32am Aug 28, 2012 5:32am
Quoting Frenchie
Yes, that was a no-show. Right now it seems daily could go into a stoch cross up in the OB area. But as daily candle is not closed yet, we cannot tell and need to stay aside, right?

So nothing to do for us on this pair.

From the H1 chart:
http://img545.imageshack.us/img545/7...01221350pm.png
Yes, one to leave alone for now. At least we have the dreaded August out the way and there should be something to trade soon.
  • #2,272
  • Aug 28, 2012 5:36am Aug 28, 2012 5:36am
Quoting Hugh Briss
Yes, one to leave alone for now. At least we have the dreaded August out the way and there should be something to trade soon.
Please do you post stochastic with arrow ?
Thanks Sir
  • #2,273
  • Aug 28, 2012 6:09am Aug 28, 2012 6:09am
Quoting Hugh Briss
Hmm, that impatience looks like it could well bite you on the ass!
I know HB, but it was very tempting to go long at that moment...Prices were in range-bound right at the bottom of the shi down channel...and 100sma was yelling to prices to come and get her

At the moment I am +38 pips...with sl at breakeven....still no signal to short...let's see!
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd3.JPG Size: 117 KB
  • #2,274
  • Aug 28, 2012 8:53am Aug 28, 2012 8:53am
Quoting Hugh Briss
dmi? Sounds good, maybe you could post a chart with an example trade for us? Thanks for posting.
No thanks, I reckon (judging by the few pages I've read) by now your readers have got the basics sorted, can't really add anymore, it's all a game of probabilities anyhow whatever candles/indicator set/price action you use. The only thing I would add is that trading on any TF below the daily is pointless, might as well throw it all away and use levels off a tick chart; R1-R3 and S1-S3, daily pivot, looming round or significant numbers and large MAs (100 & 200). Retail traders need to take on board that the guys who move the market would only ever contemplate using those levels, (if anything) they don't give an s.h.i.t about patterns and or indicators, and they make up 90% of the market, retail isn't even 8%.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #2,275
  • Aug 28, 2012 12:42pm Aug 28, 2012 12:42pm
Quoting fchaman
I know HB, but it was very tempting to go long at that moment...Prices were in range-bound right at the bottom of the shi down channel...and 100sma was yelling to prices to come and get her

At the moment I am +38 pips...with sl at breakeven....still no signal to short...let's see!
Yes, looked like it worked out for you this time but it's lower probability over the long term.
  • #2,276
  • Aug 28, 2012 1:14pm Aug 28, 2012 1:14pm
HB, if hourly Ha turns down on EURUSD and changes color to downside, will you still wait for hourly 100 ma to be broken?

All looks like a go for the short trade except HA
  • #2,277
  • Aug 28, 2012 1:34pm Aug 28, 2012 1:34pm
Quoting driven18
HB, if hourly Ha turns down on EURUSD and changes color to downside, will you still wait for hourly 100 ma to be broken?

All looks like a go for the short trade except HA
Check the daily again. It doesn't look very convincing for a short does it?
  • #2,278
  • Aug 28, 2012 1:40pm Aug 28, 2012 1:40pm
Right, but let's say, it is convincing....would you

wait for HA to go under hourly 100 or

trade when it changes color to downside but it still may be over hourly 100 ma
  • #2,279
  • Aug 28, 2012 1:51pm Aug 28, 2012 1:51pm
Quoting driven18
Right, but let's say, it is convincing....would you

wait for HA to go under hourly 100 or

trade when it changes color to downside but it still may be over hourly 100 ma
If the daily had given a clear signal then more often than not the hourly will be trading underneath the 100 sma already. If it wasn't then I would wait for the first push down below it and then I would trade the first clear, smooth pullback. Quite often the price will come back and actually bounce from the 100 sma which is usually one of the best signals you can get.
  • #2,280
  • Aug 28, 2012 1:53pm Aug 28, 2012 1:53pm
Eurgbp looks better. If it gives a clear turn in the next few days we could move to the hourly and look for shorts.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp 28 08 12.gif Size: 21 KB
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