Swing trading with heiken ashi and stochs | Page 117 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading with Heiken Ashi and Heiken Ashi smoothed - Hybrid 362 replies

Heiken Ashi and Heiken Ashi Smoothed EA needed for Renko 11 replies

Trendlines with Heiken Ashi and Stochs System 367 replies

Trading the heiken-ashi megapips system. 2 replies

EA for Heiken Ashi + Heiken Ashi Smoothed 4 replies

Attachments: Swing trading with heiken ashi and stochs
Exit Attachments

Swing trading with heiken ashi and stochs

  • #2,321
  • Aug 30, 2012 11:31pm Aug 30, 2012 11:31pm
sma100 or ema 100 ???lindercourt sistem shows ema 100.please verify.thanks.
  • #2,322
  • Aug 31, 2012 1:50am Aug 31, 2012 1:50am
Quoting nebur05
sma100 or ema 100 ???lindercourt sistem shows ema 100.please verify.thanks.
Either. Put both on the chart and use the one you prefer.
  • #2,323
  • Aug 31, 2012 6:03am Aug 31, 2012 6:03am
Alright, I don't think I am comfortable with MN-D as FXpro doesn't really have a long history of data for monthly candles, and it deff looks very choppy to me
  • #2,324
  • Aug 31, 2012 6:08am Aug 31, 2012 6:08am
Quoting Maverick731
Alright, I don't think I am comfortable with MN-D as FXpro doesn't really have a long history of data for monthly candles, and it deff looks very choppy to me
Depends which pair you look at. Change your broker if they don't have enough data. The other system will probably suit you best anyway.
  • #2,325
  • Aug 31, 2012 6:45am Aug 31, 2012 6:45am
Quoting mrluckystar
au sell@ 1.0348 tp1 hit... +50pip...


eu really make me cry...

regards.
au sell (post 2) @ 1.0438 --> out at BE..

total au trade= +51pip..
Peace Yo!
  • #2,326
  • Sep 1, 2012 12:47am Sep 1, 2012 12:47am
Hi guys...Hugh..I live in Cebu and earthquake no damage here...Having lots of fun with this system...Though to be honest not fan of "final version" in that I think it misses many other reasonable set ups in other stand alone time frames ie 1 hour and 1/2 hour...
Did learn lesson.. don't trade in flat market that has no up or down trend. I manage my trades very early on and they must start going my way early in the trade entry or I exit with small loss...Had many of those in flat market. But, where set up was obvious I found that market moves almost immediately in desired direction and that I just let it run...been using 50sl/50tp and so far happy.
some of my better were eur/cad +50, gbp/jpy +50, eur/jpy +30
Looking forward to next week
  • #2,327
  • Sep 1, 2012 4:52am Sep 1, 2012 4:52am
how do you use this trading system during a news announcement that affects the trading pairs?
  • #2,328
  • Sep 1, 2012 5:31am Sep 1, 2012 5:31am
Quoting donjeep
Hi guys...Hugh..I live in Cebu and earthquake no damage here...Having lots of fun with this system...Though to be honest not fan of "final version" in that I think it misses many other reasonable set ups in other stand alone time frames ie 1 hour and 1/2 hour...
Did learn lesson.. don't trade in flat market that has no up or down trend. I manage my trades very early on and they must start going my way early in the trade entry or I exit with small loss...Had many of those in flat market. But, where set up was obvious I found that market moves almost...
Good trading, keep going!
  • #2,329
  • Sep 1, 2012 5:32am Sep 1, 2012 5:32am
Quoting An Investor
how do you use this trading system during a news announcement that affects the trading pairs?
Don't take a position just before a major news announcement, wait til 10 or 15 mins after.
  • #2,330
  • Sep 3, 2012 3:36pm Sep 3, 2012 3:36pm
Hello Hugh Briss,

What is the purpose of the Stochastic in the final version of the system?
I do not really see pullbacks towards the MA without Stochastic crossover?
  • #2,331
  • Sep 3, 2012 3:46pm Sep 3, 2012 3:46pm
Quoting jaxx80
Hello Hugh Briss,

What is the purpose of the Stochastic in the final version of the system?
I do not really see pullbacks towards the MA without Stochastic crossover?
You are right to an extent, the stochs are just a confirming tool but also it gives you information about the smoothness of the pullback. The stochs are more sensitive to choppiness and can sometimes warn you away from an indecisive market.
  • #2,332
  • Sep 4, 2012 7:10am Sep 4, 2012 7:10am
Quoting Hugh Briss
You are right to an extent, the stochs are just a confirming tool but also it gives you information about the smoothness of the pullback. The stochs are more sensitive to choppiness and can sometimes warn you away from an indecisive market.
In our context what is the meaning of the word 'pullback'?

is it the movement towards the MA which is in the opposite direction of our trade?
or is it the following move away from the MA which is in the desired direction?

Thanks
  • #2,333
  • Sep 4, 2012 7:33am Sep 4, 2012 7:33am
Thanks to all the contributors to this post to date. I found the Heikin Ashi bars by accident (loved it) and have been trying to find a way or the best way to execute so I'm gald I found this forum to discuss. I am using a slightly different approach to trading where i look for anomilies in daily price action against the overall trend, so when the daily chart is trending upwards (Green HA bars), i look to enter trades using 1st green HA bar the 1H chart after a series of red HA bars on the 1H chart. The best trades are the ones where i take the HA bar from below the 50 ema on the 1H chart when the daily trend is still going up however the 20 ema offers in my opinion a frequent line of resistance to identify entries.
Discuss?

I use a daily and 1H timeframe and have HA and bar charts next to each other with 5,10,20 and 50 ema's. will post images when i figure out how to do it. Is there anyone out there who also uses the 1hr chart that has any ideas, suggestions on how they make it work for them?

thanks in advance.
  • #2,334
  • Sep 4, 2012 8:47am Sep 4, 2012 8:47am
System is kinda complete and working..why invent bike again..
  • #2,335
  • Sep 4, 2012 10:30am Sep 4, 2012 10:30am
Quoting jaxx80
In our context what is the meaning of the word 'pullback'?

is it the movement towards the MA which is in the opposite direction of our trade?
or is it the following move away from the MA which is in the desired direction?

Thanks
The first one, when the price moves back against the trend.
  • #2,336
  • Sep 4, 2012 2:13pm Sep 4, 2012 2:13pm
Quoting Hugh Briss
You are right to an extent, the stochs are just a confirming tool but also it gives you information about the smoothness of the pullback. The stochs are more sensitive to choppiness and can sometimes warn you away from an indecisive market.
So it is better the price to move decisively against the trend before we enter?
If the movement against the trend is strong it is more likely that this movement is only a correction?
why is that?
  • #2,337
  • Sep 4, 2012 2:57pm Sep 4, 2012 2:57pm
Quoting jaxx80
So it is better the price to move decisively against the trend before we enter?
If the movement against the trend is strong it is more likely that this movement is only a correction?
why is that?
I'm not sure where you are getting that from? Smooth and decisive are not the same thing. Quite often the price can pull back quite gently but the heiken ashi candles will all stay the same colour and the stochastics will be moving smoothly and then bang, you will get an obvious signal.

I think you just need to spend some time trading the system. It is laid out fairly clearly here and you have asked plenty of questions about it. I'm glad to answer all questions but at some stage you just need to get on and trade it.
  • #2,338
  • Edited 2:00am Sep 5, 2012 12:55am | Edited 2:00am
Quoting uberteh
System is kinda complete and working..why invent bike again..
Its just a thought as to how much to place on trades, off the 20 ema i'll risk less than when i take a trade from the 50 ema. sold nzd/usd @.79452 this morning based on the overall principle but still trying to improve execution. My idea is that yes we are all looking for pullbacks to trade the trend but dont really know where the pulll back will go to so thats why i use a 20, 50 and 100 ema. Once the trend is in the pullback zone ie crossed the 20 or 50 emas, its obviously better to get in at as good a price as possible and then possibly you could use a smaller time frame to execute such as the 15or 30 min HA. Has anyone tried this?

Hugh or anyone else have a view on this method of valuing strength your trades or other methods?
  • #2,339
  • Sep 5, 2012 2:55am Sep 5, 2012 2:55am
Quoting FiatXchange
Once the trend is in the pullback zone ie crossed the 20 or 50 emas, its obviously better to get in at as good a price as possible and then possibly you could use a smaller time frame to execute such as the 15or 30 min HA. Has anyone tried this?

Hugh or anyone else have a view on this method of valuing strength your trades or other methods?
I've been profitably using Hugh's system according to his description for a few months. I also like to look at every possibility though so when I get a 20MA turnover (middle Bollinger band) I move to a similar system on a shorter period dual time frame (H4/M15 or even H1/M5) where the turnover can look stronger and then use rules for that set-up - these are similar to Hughs but adjusted for shorter period and with slight variations for differing levels of volatility etc.
Usually this will involve a much tighter stop loss, a somewhat larger lot size and a smaller number of pips to target. I don't close the trade at the anticipated profit level, instead I put on increasingly tight trailing stops 'til it goes out, this seems pretty good in the smaller time frames where every pip counts.
All of the above will be recognizably Hugh's system but with minor adjustments for my personal taste and comfort.

PS I've got the biggest shed-load I've ever had on the AUDJPY atm (5 positions and still thinking about more) today is a VERY good day - - the system works, use it and enjoy.
Don't ask me, I have no idea what's going on.
  • #2,340
  • Sep 5, 2012 3:06am Sep 5, 2012 3:06am
Quoting Gizzledonk
I've been profitably using Hugh's system according to his description for a few months. I also like to look at every possibility though so when I get a 20MA turnover (middle Bollinger band) I move to a similar system on a shorter period dual time frame (H4/M15 or even H1/M5) where the turnover can look stronger and then use rules for that set-up - these are similar to Hughs but adjusted for shorter period and with slight variations for differing levels of volatility etc.
Usually this will involve a much tighter stop loss, a somewhat larger lot size...
Nice one, post a chart please!
1 trader viewing now