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Swing trading with heiken ashi and stochs

  • #2,361
  • Sep 6, 2012 4:17pm Sep 6, 2012 4:17pm
Quoting Hugh Briss
How many pips was it in total on Audjpy? (and how much swap did you pay?)

675 pips


sadly swap was best part of $30 but hey! I ain't complaining this time.

## correction edit ##
$74 swap 'figure above is beer induced nonsense.


Don't ask me, I have no idea what's going on.
  • #2,362
  • Sep 6, 2012 4:41pm Sep 6, 2012 4:41pm
Quoting Gizzledonk

675 pips



sadly swap was best part of $30 but hey! I ain't complaining this time.


## correction edit ##
$74 swap 'figure above is beer induced nonsense.



Not too bad. So how much did you risk in total to achieve that?
  • #2,363
  • Sep 6, 2012 5:49pm Sep 6, 2012 5:49pm
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 stuff HB -
  • #2,364
  • Sep 7, 2012 3:28am Sep 7, 2012 3:28am
Took a short yesterday on usd /sgd 4hr signal and 1 hr entry at 1.2461
Just demo just now to see if I can get the hang of this.

Going along nicely at the moment
  • #2,365
  • Sep 7, 2012 4:50am Sep 7, 2012 4:50am
Quoting Porty4
Took a short yesterday on usd /sgd 4hr signal and 1 hr entry at 1.2461
Just demo just now to see if I can get the hang of this.

Going along nicely at the moment
Why 4 hour/1 hour? They are too close together.
  • #2,366
  • Edited 6:38am Sep 7, 2012 6:27am | Edited 6:38am
Quoting Hugh Briss
Why 4 hour/1 hour? They are too close together.
The 4 hrly had a smooth run up and bounced off the 100 ema with a stochastic cross, the 1 hrly did the same, retraced a little and bounced down again. It seemed like it was close enough to take the trade.
Perhaps a better entry was on the 15 minute chart about 11 hours later when it bounced down off the 100 ema
  • #2,367
  • Sep 7, 2012 8:22am Sep 7, 2012 8:22am
Of all the pairs that began changing direction between last night and this morning, I chose the audchf because the others either looked to have less room to run or were usd pairs that might stall leading into this morning's monthly jobs number/reverse upon release of the jobs number. So, wouldn't you know it, they all moved in the expected direction, but ONLY the audchf (the one I chose) has reversed all the way - and in a hurry.

I can't believe my luck...

Now I am stuck waiting for pullbacks on these other pairs so I can get in and join the ride that others will have already been on for a while...

Oh well, c'est la vie, huh?
  • #2,368
  • Sep 8, 2012 10:22am Sep 8, 2012 10:22am
Hi Hugh,
I had read and follow your thread. Im confuse with some points. Looking at the Daily, do you look at the SMA slope or do you look at the PA been below or above the SMA to define the direction?

Sometimes the SMA can be slanting and pointing up but PA had close below the SMA for several bars and heading down. If this is the case, SMA will be the line in the sand that divides long trends vs short trends? How do you handle trades when the slope of SMA is completly flat/horizontal?

Because of my work schedule Im only able to trade H4, could I apply the same principles of D1 and only stick to H4 to determine direction and without zoom in to H1 or M30? Would the stop loss be the same, 20 pips above/below the SMA? What do you recommend?

My last question is, how do you know when a pullback/retracement (in process) is actually a retracement or the start of a new trend? Is there any place that you can refer me to learn more about retracements/pullbacks?

I will appreciate your thoughts,

Cheers from Mexico, Pipstubborn
I hope my username gives you an idea how a persistent loser trader I am. lol
  • #2,369
  • Sep 10, 2012 12:17pm Sep 10, 2012 12:17pm
Quoting Pipstubborn
Hi Hugh,
I had read and follow your thread. Im confuse with some points. Looking at the Daily, do you look at the SMA slope or do you look at the PA been below or above the SMA to define the direction?

Sometimes the SMA can be slanting and pointing up but PA had close below the SMA for several bars and heading down. If this is the case, SMA will be the line in the sand that divides long trends vs short trends? How do you handle trades when the slope of SMA is completly flat/horizontal?

Because of my work schedule Im only able to trade H4, could...
Hola,

Your first question... you look at both. The sma is better if it is sloping one way or the other and the turn occurs in the same direction but you can be less fussy with the daily signal, it is the hourly trend you are looking to trade, the daily just prompts you that there may be an hourly trend about to start.

Try to avoid situations when the sma is flat because you just don't know what will happen next. Forex is unpredictable anyway and the only thing in your favour is that if a trend begins it will tend to continue.

You have a few choices for timeframes. You can either just trade the one timeframe system in which case you can trade any time frame you see but the signals must be perfect every time to increase your odds or you can trade two timeframes such as weekly/4 hour. For 4 hour charts you should use a 30 to 50 pip stop depending on the pair and the situation.

Your last question... you don't. As I mentioned above you have not much idea what will happen next but if you use the dual timeframe system and consistently follow the rules then you will have many small losses when trends reverse but reasonably often you will hit a big trend that pays you back all your losses and more. It's a numbers game, just keep playing and you will come out ahead.

Espero que me entiendas bien? Si necesites algo mas, pregunteme. Buena suerte.
  • #2,370
  • Edited Sep 11, 2012 4:12am Sep 10, 2012 4:17pm | Edited Sep 11, 2012 4:12am
Quoting Porty4
The 4 hrly had a smooth run up and bounced off the 100 ema with a stochastic cross, the 1 hrly did the same, retraced a little and bounced down again. It seemed like it was close enough to take the trade.
Perhaps a better entry was on the 15 minute chart about 11 hours later when it bounced down off the 100 ema
Just a follow up. Closed on the 15 minute close above the 100 ema (86 pips). Missed a chance to stack an extra trade which would have yielded about another 50 pips.

In hindsight not the best exit. Price turned around and dropped steeply. Still happy though. Hindsight is always perfect.
  • #2,371
  • Sep 10, 2012 6:42pm Sep 10, 2012 6:42pm
Hi Hugh,
Thanks for you clear explanation, one of the reasons I trade H4 is because Im able to be at the screen right at the close of the candle.

Exactly what do you mean by having a perfect signal?
  • #2,372
  • Sep 11, 2012 12:06am Sep 11, 2012 12:06am
Quoting Pipstubborn
Hi Hugh,
Thanks for you clear explanation, one of the reasons I trade H4 is because Im able to be at the screen right at the close of the candle.

Exactly what do you mean by having a perfect signal?
I mean everything needs to be very smooth, no wavy stochs, no chopping from colour to colour on the heiken ashi candles. Spotting an excellent signal from a good one takes a bit of practise. Try using the trade simulator here

http://www.forexfactory.com/showthread.php?t=70742
  • #2,373
  • Sep 13, 2012 9:16am Sep 13, 2012 9:16am
  •  SwissRaj
  • | Joined Aug 2010 | Status: (¯`·._.· the lonely trader ·._.·´¯) | 109 Posts
Sorry to interrupt your thread, guys...

Just a quickie:
D'you think this system is applicable on stocks?

I'm using it on XAUUSD (gold spot)

btw: congratulations to Hugh and all those contributing
>>> psychology is more important than technicalities ^_^
  • #2,374
  • Sep 13, 2012 10:11am Sep 13, 2012 10:11am
Quoting SwissRaj
Sorry to interrupt your thread, guys...

Just a quickie:
D'you think this system is applicable on stocks?

I'm using it on XAUUSD (gold spot)

btw: congratulations to Hugh and all those contributing
Hi, I haven't used it on stocks so you would have to test it. In general it works best on pairs that tend to trend smoothly such as eurusd and audusd. If there is a stock that behaves in a similar fashion then it should work fine. If you do try it out then please post your results here for others to learn from. Thanks.
  • #2,375
  • Sep 13, 2012 1:18pm Sep 13, 2012 1:18pm
Hey guys!

I haven't seen you in a while. I just shorted USDJPY and USDCAD, b/c of Fed announcing QE3
  • #2,376
  • Sep 13, 2012 1:40pm Sep 13, 2012 1:40pm
Quoting Igorman
Hey guys!

I haven't seen you in a while. I just shorted USDJPY and USDCAD, b/c of Fed announcing QE3
Hello, I have been busy with another project for a while but taken a look and you could be onto something with those trades. Please post the outcome.
  • #2,377
  • Sep 15, 2012 4:24pm Sep 15, 2012 4:24pm
I am on holiday for a week so won't be around to answer questions but good luck to everyone this week and I'll see you when I am back.
  • #2,378
  • Sep 19, 2012 8:14am Sep 19, 2012 8:14am
Double top on aud/usd daily. Any views on a long term trade with a 100 pip SL?
  • #2,379
  • Sep 19, 2012 8:22am Sep 19, 2012 8:22am
Daily heiken is red and moving away from that top..Hourly a bit in range..I cant see long on this system frame..at least now.
  • #2,380
  • Sep 19, 2012 12:35pm Sep 19, 2012 12:35pm
Quoting FiatXchange
Double top on aud/usd daily. Any views on a long term trade with a 100 pip SL?
Wait for the daily to give the signal then if the hourly follows then start stacking trades. If it doesn't then don't chase it. There is always another trend around the corner.
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