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Swing trading with heiken ashi and stochs

  • #2,301
  • Aug 29, 2012 3:44am Aug 29, 2012 3:44am
I've been using this system on D1 - H1 for a couple of months now, just following Hugh's system with hardly any adjustment - (except I prefer my Stoch at 10.3.3 because I think it looks a bit 'cleaner')
I've posted the odd comment since I've been following this but have nothing really to add to Hugh's work.
I'm really just posting to say that it all gets better with diligent practice, I now only take the very best setups - but with a bit more money on them - and the returns are excellent.
I've been using it on the H4 - M15 with a demo account as well, the results are good but at the moment I seem to either waste a lot of time in front of the screen or miss a lot of trades. need to work on some alerts that work nicely in this time frame.
This is a great system that requires patience and discipline (I so hate that!!) and it WORKS!!.
Don't ask me, I have no idea what's going on.
  • #2,302
  • Aug 29, 2012 4:13am Aug 29, 2012 4:13am
Quoting mrluckystar
lets see of au want to make another lower...
Heloo

Trendline red and green are drawn automatically or manually ?
You put the indicator ?
  • #2,303
  • Aug 29, 2012 5:31am Aug 29, 2012 5:31am
Quoting Hugh Briss
Usdcad short. Just got a 15 pip stop on this as it is all that is needed. If it hits the stop I no longer want to be in the trade.
I am still short on USDCAD H1, +12 pips at this moment. I have entered when it bounced down off MA 100.
  • #2,304
  • Aug 29, 2012 7:15am Aug 29, 2012 7:15am
Quoting Gizzledonk
I've been using this system on D1 - H1 for a couple of months now, just following Hugh's system with hardly any adjustment - (except I prefer my Stoch at 10.3.3 because I think it looks a bit 'cleaner')
I've posted the odd comment since I've been following this but have nothing really to add to Hugh's work.
I'm really just posting to say that it all gets better with diligent practice, I now only take the very best setups - but with a bit more money on them - and the returns are excellent.
I've been using it on the H4 - M15 with a demo account as...
Hi, thanks for posting. Good to know that someone is using this successfully.
  • #2,305
  • Aug 29, 2012 7:17am Aug 29, 2012 7:17am
Quoting juliuy
I am still short on USDCAD H1, +12 pips at this moment. I have entered when it bounced down off MA 100.
Nice one. I went in for a small trade but it carried on higher. It seems to be chopping sideways for now, the stochs are no longer smooth so I will leave it alone for today.

Nothing else particularly setting up but a few to watch on the daily charts. I think we should be getting some good runs soon.
  • #2,306
  • Aug 29, 2012 8:05am Aug 29, 2012 8:05am
I'm a few up on the USDCAD too, should be looking good for some more if it drops below current support level. which it may be doing right now, perhaps.
Don't ask me, I have no idea what's going on.
  • #2,307
  • Aug 29, 2012 9:10am Aug 29, 2012 9:10am
Quoting mrluckystar
sell eu @ 1.2555, sl 1.2605 (2 post)..
tp1 50pip.
tp2 100pip..

regards.
move sl to BE...
Peace Yo!
  • #2,308
  • Aug 29, 2012 9:11am Aug 29, 2012 9:11am
Quoting gtudor
Heloo

Trendline red and green are drawn automatically or manually ?
You put the indicator ?
the trendline are drawn automatically...
Peace Yo!
  • #2,309
  • Aug 29, 2012 4:46pm Aug 29, 2012 4:46pm
Thanks for the reply, I have always traded off the 15m charts and never experienced trading off the higher TF. I will take a look at your other thread Quick and Dirty EOD to see what tips you have to offer.
PC
  • #2,310
  • Aug 29, 2012 5:01pm Aug 29, 2012 5:01pm
Quoting PipCop
Thanks for the reply, I have always traded off the 15m charts and never experienced trading off the higher TF. I will take a look at your other thread Quick and Dirty EOD to see what tips you have to offer.
PC
No worries, just in the process of simplifying that one.
  • #2,311
  • Aug 29, 2012 8:02pm Aug 29, 2012 8:02pm
Quoting mrluckystar
lets see of au want to make another lower...
au sell @ 1.0348. sl@BE...
tp1 50pip
tp2 100pip.

regards.
Peace Yo!
  • #2,312
  • Aug 29, 2012 8:25pm Aug 29, 2012 8:25pm
Quoting mrluckystar
au sell @ 1.0348. sl@BE...
tp1 50pip
tp2 100pip.

regards.
What timeframe are you trading? Can you post a chart? I looked at D1, H4, H1 and couldn't understand the reasoning of the entry. Thanks!
  • #2,313
  • Aug 29, 2012 8:47pm Aug 29, 2012 8:47pm
Quoting juliuy
What timeframe are you trading? Can you post a chart? I looked at D1, H4, H1 and couldn't understand the reasoning of the entry. Thanks!
before n after chart (h2 n h4)....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Au8.png Size: 164 KB
Click to Enlarge Name: Au9.png Size: 180 KB
Peace Yo!
  • #2,314
  • Aug 30, 2012 1:27am Aug 30, 2012 1:27am
Quoting mrluckystar
move sl to BE...
eu sell @ 1.2555, -->out at BE...

regards.
Peace Yo!
  • #2,315
  • Aug 30, 2012 11:04am Aug 30, 2012 11:04am
Quoting mrluckystar
au sell @ 1.0348. sl@BE...
tp1 50pip
tp2 100pip.

regards.
au sell@ 1.0348 tp1 hit... +50pip...


eu really make me cry...

regards.
Peace Yo!
  • #2,316
  • Aug 30, 2012 2:22pm Aug 30, 2012 2:22pm
thats good 50. i have had a bad day but i do have them. nothing to do with trading HA. take care
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,317
  • Aug 30, 2012 4:59pm Aug 30, 2012 4:59pm
Nvm saw it chart was just cluttered
  • #2,318
  • Edited 8:11pm Aug 30, 2012 6:46pm | Edited 8:11pm
Hugh,

I can only really trade the daily TF. Do we need to go down to the hourly? As the only time I could trade that is really... NZD/AUD and Asia opens... YAWN

edit: daily has to also follow the 100SMA rule correct? because I was just looking at AUD/JPY and they had a nice downtrend w/o the price being below the 100SMA on the daily chart, but well below the 100SMA on the hourly
  • #2,319
  • Aug 30, 2012 6:46pm Aug 30, 2012 6:46pm
Quoting billytt
thats good 50. i have had a bad day but i do have them. nothing to do with trading HA. take care
maybe next trade will be better for you..

anyway for au, still hold short @ 1.0433 (2 post).... this is swing trade... target 0.9800 area...

regards.
Peace Yo!
  • #2,320
  • Aug 30, 2012 10:53pm Aug 30, 2012 10:53pm
Quoting Maverick731
Hugh,

I can only really trade the daily TF. Do we need to go down to the hourly? As the only time I could trade that is really... NZD/AUD and Asia opens... YAWN

edit: daily has to also follow the 100SMA rule correct? because I was just looking at AUD/JPY and they had a nice downtrend w/o the price being below the 100SMA on the daily chart, but well below the 100SMA on the hourly
If you can only trade end of day then use monthly/daily charts. It will work just as well but it will obviously take longer to set up.

Or you could try this system here: http://www.forexfactory.com/showthread.php?t=370607

In answer to your other question, for the purposes of this system that move on audjpy wasn't a downtrend as such it was more a pullback of the uptrend. The highest probability trades come when the hourly trend is moving in the same direction as the daily trend. It takes patience to wait for it to set up but once you have built your first big position for 400 or 500 pips for about 30 pips risk you will see the benefit to trading this way.
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