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Swing trading with heiken ashi and stochs

  • #2,341
  • Sep 5, 2012 3:45am Sep 5, 2012 3:45am
Quoting Hugh Briss
Nice one, post a chart please!

Here we go, a chart.
This shows most recent entry, the rest are on a different account on a VPS and I haven't figured out how to do decent screen shots from it yet, the quality is awful.
Normally my rule is that previous position has to have profit locked in before opening the next. however on this occasion I had nearly a hundred locked in on the first position so I was a bit more flexible with the ones that followed.
By the way,,,,
I use a VPS and 2 live accounts with different brokers because I'm paranoid that they really are out to get me.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot008.jpg Size: 216 KB
Don't ask me, I have no idea what's going on.
  • #2,342
  • Sep 5, 2012 5:31am Sep 5, 2012 5:31am
Quoting Gizzledonk
Here we go, a chart.
This shows most recent entry, the rest are on a different account on a VPS and I haven't figured out how to do decent screen shots from it yet, the quality is awful.
Normally my rule is that previous position has to have profit locked in before opening the next. however on this occasion I had nearly a hundred locked in on the first position so I was a bit more flexible with the ones that followed.
By the way,,,,
I use a VPS and 2 live accounts with different brokers because I'm paranoid that they really are out to get me....
Classic. An absolutely to the letter following of the system. I have vouched for you.
  • #2,343
  • Sep 5, 2012 6:40am Sep 5, 2012 6:40am
Congratulations to both Hugh and Gizzledonk. You make it look easy. What I like about both this and Hugh's other "Quick and Dirty EOD" thread is the stacking up of trades until the trend ends. It makes a huge difference to profits and reduces the impact of losses. It'll be nice to try and emulate your success.
  • #2,344
  • Sep 5, 2012 7:20am Sep 5, 2012 7:20am
Again and again I just love the simplicity of this system....here is eurcad 4 hr in progress...already moved stop to insure at least 10 pips now will just let it run while I Go to bed.
  • #2,345
  • Sep 5, 2012 7:22am Sep 5, 2012 7:22am
Quoting Porty4
Congratulations to both Hugh and Gizzledonk. You make it look easy. What I like about both this and Hugh's other "Quick and Dirty EOD" thread is the stacking up of trades until the trend ends. It makes a huge difference to profits and reduces the impact of losses. It'll be nice to try and emulate your success.
That's the thing, it is easy when you know how. The hardest part is accepting the losses when you are waiting for a good trend to take place.
  • #2,346
  • Sep 5, 2012 7:22am Sep 5, 2012 7:22am
Quoting donjeep
Again and again I just love the simplicity of this system....here is eurcad 4 hr in progress...already moved stop to insure at least 10 pips now will just let it run while I Go to bed.
Is there a chart pic missing? Taken a look and looks nice.
  • #2,347
  • Sep 5, 2012 4:28pm Sep 5, 2012 4:28pm
I would like everyone who reads this to watch this video from start to finish and then think really hard about their trading goals.


Inserted Video
  • #2,348
  • Sep 5, 2012 9:46pm Sep 5, 2012 9:46pm
Enjoyed video..I wish I could get in the "set it, and forget it" attitude...maybe with more experience I will.. until then like I said in other post, when I first enter trade I look for it to go my way early on, if not exit with small loss. If it goes my way then I can forget it and let it run. Like my eur/cad 4 hr trade last night...did over 100 pips before it ran out of steam.. sorry I had problem in posting picture . Will try to improve on that..
  • #2,349
  • Sep 5, 2012 11:26pm Sep 5, 2012 11:26pm
Quoting donjeep
Enjoyed video..I wish I could get in the "set it, and forget it" attitude...maybe with more experience I will.. until then like I said in other post, when I first enter trade I look for it to go my way early on, if not exit with small loss. If it goes my way then I can forget it and let it run. Like my eur/cad 4 hr trade last night...did over 100 pips before it ran out of steam.. sorry I had problem in posting picture . Will try to improve on that..
It does come with experience. Look at Gizzledonk. After a huge trade on Audjpy do you think he will be tempted to fry his head with 5 or 15 min charts anytime soon?
  • #2,350
  • Sep 6, 2012 2:10am Sep 6, 2012 2:10am
Great video Hugh, thanks for posting. Its sobering to think of losing 29 trades in a row and still keep going. Thanks to Gizzledonk also for the response.
  • #2,351
  • Edited 3:16am Sep 6, 2012 2:34am | Edited 3:16am
Does anyone have a method of filtering the bad/fake HA bars? The 3pm HA Nzd/Usd bar was a sell but i didnt take a sell @4pm because the 5 minute chart showed HA bars steadily rising.
  • #2,352
  • Sep 6, 2012 2:39am Sep 6, 2012 2:39am
Quoting Hugh Briss
I would like everyone who reads this to watch this video from start to finish and then think really hard about their trading goals.


http://www.youtube.com/watch?v=ew1L6...eature=related
good video. need to be confident in what you're doing.
  • #2,353
  • Sep 6, 2012 5:34am Sep 6, 2012 5:34am
Quoting FiatXchange
Great video Hugh, thanks for posting. Its sobering to think of losing 29 trades in a row and still keep going. Thanks to Gizzledonk also for the response.
Yes, it depends on your system though. A 50% strike rate shouldn't produce much more than 16 or 17 losers in a row. Less than that and it could potentially more. This is why you need to keep your losses small as a % of your account and you need to be psychologically prepared for it.
  • #2,354
  • Sep 6, 2012 5:34am Sep 6, 2012 5:34am
Quoting FiatXchange
Does anyone have a method of filtering the bad/fake HA bars? The 3pm HA Nzd/Usd bar was a sell but i didnt take a sell @4pm because the 5 minute chart showed HA bars steadily rising.
Why are you even looking at the 5 min chart?!
  • #2,355
  • Sep 6, 2012 10:24am Sep 6, 2012 10:24am
Quoting Hugh Briss
Why are you even looking at the 5 min chart?!
Sorry I wasnt clear, I was talking about the 3pm red HA bar on the 5th of sept. I was waiting to sell it and saw the 5 minute HA chart rising. I consider that to be a bad set up to take a sell trade. I prefer to wait until I see the 5 Min HA bars also turn red before entering. It just seems to make sense to me.
  • #2,356
  • Sep 6, 2012 10:57am Sep 6, 2012 10:57am
Quoting Hugh Briss
It does come with experience. Look at Gizzledonk. After a huge trade on Audjpy do you think he will be tempted to fry his head with 5 or 15 min charts anytime soon?
I'm pleased to say I get less and less tempted as time goes on!! I enjoy the 'buzz' of trading a short time frame but I keep it well separated from the rest of my trading.
Don't ask me, I have no idea what's going on.
  • #2,357
  • Sep 6, 2012 11:05am Sep 6, 2012 11:05am
Quoting Hugh Briss
I would like everyone who reads this to watch this video from start to finish and then think really hard about their trading goals.
Quite a video, I've watched it a couple of times today - it really does help to know that strings of losses like that is quite normal,,
I was quite ashamed of the fact I had a run of 4 weeks of almost continuous losses, I've done a few sums and actually that was fine for the system I was using then, - I changed it cos I had a run of 4 weeks losses. Hmmmmm,
I totally relate to the concept of the 'beginners cycle', been there, done that, don't want to do it again.
Don't ask me, I have no idea what's going on.
  • #2,358
  • Sep 6, 2012 11:13am Sep 6, 2012 11:13am
Quoting Gizzledonk
Quite a video, I've watched it a couple of times today - it really does help to know that strings of losses like that is quite normal,,
I was quite ashamed of the fact I had a run of 4 weeks of almost continuous losses, I've done a few sums and actually that was fine for the system I was using then, - I changed it cos I had a run of 4 weeks losses. Hmmmmm,
I totally relate to the concept of the 'beginners cycle', been there, done that, don't want to do it again.
Yes, it depends on the system. If you're not comfortable with a long spell of losing trades then you are better off changing the system to something with a higher strike rate. There's no point fighting the psychology, if the system fits you then you will be comfortable trading it and much more likely to stick with it.
  • #2,359
  • Sep 6, 2012 3:52pm Sep 6, 2012 3:52pm
Quoting Hugh Briss
Yes, it depends on the system. If you're not comfortable with a long spell of losing trades then you are better off changing the system to something with a higher strike rate. There's no point fighting the psychology, if the system fits you then you will be comfortable trading it and much more likely to stick with it.
I've only recently got a grip on how important the psychology really is, and it's one of the main reasons I also trade a short time period system as well, it makes me less inclined to 'fiddle' with things - it's all very well to say 'it works, don't meddle,' But I often feel my 'trading time' is not sufficiently busy, which of course is one of the big plus points of the system in that it doesn't take all day every day. Some people are just never satisfied (thats me by the way).
My AUDJPY went out this morning, 'still got a big smile; that was my biggest ever win. I'm keeping the screen shots I did to remind me how it's supposed to go - just in case I should forget.
Don't ask me, I have no idea what's going on.
  • #2,360
  • Sep 6, 2012 4:01pm Sep 6, 2012 4:01pm
Quoting Gizzledonk
I've only recently got a grip on how important the psychology really is, and it's one of the main reasons I also trade a short time period system as well, it makes me less inclined to 'fiddle' with things - it's all very well to say 'it works, don't meddle,' But I often feel my 'trading time' is not sufficiently busy, which of course is one of the big plus points of the system in that it doesn't take all day every day. Some people are just never satisfied (thats me by the way).
My AUDJPY went out this morning, 'still got a big smile; that...
Letting things go comes with practise (although good money management helps too, if you're not risking too much you are less worried about the outcome).

How many pips was it in total on Audjpy? (and how much swap did you pay?)
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