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Swing trading with heiken ashi and stochs

  • #2,661
  • Jun 27, 2013 8:29am Jun 27, 2013 8:29am
Cadchf out at 0.9045 so a gain of about 290 pips for about £152 so the demo ended at about 3150 which is a 5% gain over a bit over a month. Out of 20 trades only 2 were winners but the winners were big enough to leave us with a profit. Nice.
  • #2,662
  • Jun 28, 2013 12:11pm Jun 28, 2013 12:11pm
Eurusd out at break even and then dropped 100 pips! Oh well, that's trading. I'm going to have to wait for a better pullback on this one. A quiet few weeks but something has to happen eventually.
  • #2,663
  • Jun 28, 2013 1:20pm Jun 28, 2013 1:20pm
Some thoughts on quiet periods and trading psychology...

If you are trading a long(ish) term trend following system you are going to experience periods of time when it seems that not much is happening. If you are upset by this then you have to ask yourself some questions...

Are you just trading for tradings sake or are you trying to make money? Human nature suggests that if you want to make more money trading then you have to take more trades but in fact the opposite is true.

Have you fully accepted the nature of trend following systems in that you will have extended periods of nothing happening and then bursts of intense activity that make you the money?

Are you so desperate to make money that it clouds your judgement? Making an income from trading is much harder than trying to increase a speculative fund by a small percentage per month.

Personally these days I don't need to make money from my personal trading activities so I find it a lot easier to relax during slow periods of trading. It takes some practice and fortitude to persevere during the hard periods but I promise you that it is worth it.
  • #2,664
  • Edited Jun 29, 2013 1:31am Jun 28, 2013 11:44pm | Edited Jun 29, 2013 1:31am
hehe. while learning, I realize that, no matter what kind of trading strategy you are using, the hardest part is not to understand the rules but really to make sure that you are not trying to make them a bit looser in order to get more trading opportunities.
The second thing is that once a trade is placed, you should be busy enough so you don't have time to look at the trade and can let it do what it is suppose to do.


I am running the same same system on another demo account on the D1/M30 timeframe. it makes the system a little bit more interesting as you get to look at charts and detect signals more often. The good thing with the D1/M30 is that you get something between 1 and 5 signals per day on the daily timeframe. That allows to let you choose only the very best ones and enter potential very nice short terms swings on the M30 timeframe. However, I'm still trying to determine how to place/trail my SL on this timeframe as the 100 sma is way too far from the price action and no SMA seems to be properly fitting every pair.

I hope I'll be able to determine which TF works best for me after 3 months of demo.
  • #2,665
  • Jun 30, 2013 10:33am Jun 30, 2013 10:33am
I would love to try the D1/H1 method, but with a full time job, it's not easy. If I could follow my broker's platform on a mobile device (w/ HA bars), that would be helpful. Although I also notice that most forex moves (outside of the AUD pairs) typically begin around 2a-3a for me - I live in Texas. So much for a good night's sleep each night then, huh? Haha
  • #2,666
  • Jun 30, 2013 10:44am Jun 30, 2013 10:44am
Quoting Traderbry
I would love to try the D1/H1 method, but with a full time job, it's not easy. If I could follow my broker's platform on a mobile device (w/ HA bars), that would be helpful. Although I also notice that most forex moves (outside of the AUD pairs) typically begin around 2a-3a for me - I live in Texas. So much for a good night's sleep each night then, huh? Haha
Which is why trade copying is an attractive idea for US traders.
  • #2,667
  • Jul 1, 2013 1:35am Jul 1, 2013 1:35am
Lots going on this week, I'm watching eurusd, eurjpy, usdchf, usdjpy, usdcad, gbpusd, gbpchf, gbpjpy and chfjpy. I'm waiting for something clear to happen then I will be in.
  • #2,668
  • Jul 1, 2013 7:51am Jul 1, 2013 7:51am
Quoting Hugh Briss
{quote} Which is why trade copying is an attractive idea for US traders.
It sounds like a great idea Hugh, as long as the trades comes with explanations. I wanna eventually trade on my own - for example, when you go away on vacation, etc...

how soon will you start your new service?
  • #2,669
  • Jul 1, 2013 10:41am Jul 1, 2013 10:41am
Quoting Traderbry
{quote} It sounds like a great idea Hugh, as long as the trades comes with explanations. I wanna eventually trade on my own - for example, when you go away on vacation, etc... how soon will you start your new service?
I want to run a dual service where those who just want trade copying can have it and those who want to know why I took the trades I took can get that too. At the moment I'm spending time to find the best trade copying solution and tying up some loose ends with my other trading commitments but I hope to get started very soon.
  • #2,670
  • Jul 1, 2013 2:52pm Jul 1, 2013 2:52pm
Quoting Hugh Briss
{quote} Which is why trade copying is an attractive idea for US traders.
Cart before the Horse?

Post positive results, followed with trade copier.
Currently, it appears real time trading results are in a drawdown, and not a good time to launch a trade copier.

It appears to be an interesting system nonetheless..
See our myfbook results. Our username = MPC
  • #2,671
  • Jul 1, 2013 3:56pm Jul 1, 2013 3:56pm
Quoting mpc
{quote} Cart before the Horse? Post positive results, followed with trade copier. Currently, it appears real time trading results are in a drawdown, and not a good time to launch a trade copier. It appears to be an interesting system nonetheless..
You have a point but you are just looking at the current drawdown and not the years of hard work and testing that has gone into this and other systems nor the anecdotal evidence from many, many people who have contacted me to thank me for this and other systems. Drawdown, as with profit, is not an accurate predictor of future results
  • #2,672
  • Jul 1, 2013 4:39pm Jul 1, 2013 4:39pm
Quoting Hugh Briss
{quote}Drawdown, as with profit, is not an accurate predictor of future results
I agree. Looking forward to seeing it Hugh Briss, as it looks very interesting!
See our myfbook results. Our username = MPC
  • #2,673
  • Jul 4, 2013 2:53pm Jul 4, 2013 2:53pm
I closed a couple of trades this evening as I had too much exposure to USD just before NFP. The balance is about where it was at the start of the week and I've got a couple of reasonable trades on that I will let ride.
  • #2,674
  • Jul 5, 2013 10:47am Jul 5, 2013 10:47am
Apologies but got to pull this account for a little while, I've been offered a different project to work on. I'll be back soon.
  • #2,675
  • Jul 6, 2013 1:46am Jul 6, 2013 1:46am
The couple trades I have opened during the past 10 days all moved nicely in my direction. One of my trade is now pretty deep in profit (about 400 pips) and I was thinking about reentering the same pair on the next pullback. Still have to figure out the best way to do that. 2ATR stop and move the first trade SL to secure an extra 2ATR?
  • #2,676
  • Jul 6, 2013 8:32am Jul 6, 2013 8:32am
Quoting veyron
The couple trades I have opened during the past 10 days all moved nicely in my direction. One of my trade is now pretty deep in profit (about 400 pips) and I was thinking about reentering the same pair on the next pullback. Still have to figure out the best way to do that. 2ATR stop and move the first trade SL to secure an extra 2ATR?
If you're 400 pips up the 100 sma should be trailing the stop by now anyway isn't it?

Either way it is fine to take an add on trade provided your first trade is at break even or better.
  • #2,677
  • Edited 10:12pm Jul 6, 2013 8:26pm | Edited 10:12pm
I havent checked the latest value before I posted, it's actually 520 pips in profit but yep, the 100 sma just started trailing the stop 2 or 3 candles ago and the trade is ~BE + 10.

Pairs I stop following this week: CADCHF

Pairs I start following this week:
many things happening this week again. I have added the following pairs to the watch list and switched to H4: EURCAD / CADJPY / GBPCAD.

The weekly GBPNZD returned but the past week move down wasn't significant enough, the price is still way above the 100sma on H4. I will not add it on my watchlist since I already follow quite a lot of pairs. What do you think?


Way too many pairs to trade. I'll be taking only the very best signals.
  • #2,678
  • Jul 7, 2013 1:53am Jul 7, 2013 1:53am
Quoting veyron
I havent checked the latest value before I posted, it's actually 520 pips in profit but yep, the 100 sma just started trailing the stop 2 or 3 candles ago and the trade is ~BE + 10. Pairs I stop following this week: CADCHF Pairs I start following this week: many things happening this week again. I have added the following pairs to the watch list and switched to H4: EURCAD / CADJPY / GBPCAD. The weekly GBPNZD returned but the past week move down wasn't significant enough, the price is still way above the 100sma on H4. I will not add it on my watchlist...
Yes, I agree with your analysis. It has been a little bit quiet on the 4 hour for the past few weeks but plenty setting up now so we can be very selective about our trades.
  • #2,679
  • Jul 7, 2013 9:07am Jul 7, 2013 9:07am
Good afternoon Hugh, I'd like to pick your brain if I may! There are quite a few majors w/us that have well established trends. If there was a retracement, would you enter these or would you feel it's a gamble not worth takeing? Thanks for your thoughts!
Enter Signature
  • #2,680
  • Jul 7, 2013 1:07pm Jul 7, 2013 1:07pm
Quoting poacher
Good afternoon Hugh, I'd like to pick your brain if I may! There are quite a few majors w/us that have well established trends. If there was a retracement, would you enter these or would you feel it's a gamble not worth takeing? Thanks for your thoughts!
Hi Joe, In general the closer to the 100 sma you can take your trades the better because your stop will be trailed more quickly and you have a better chance of catching a good run but these things can just run and run so if you were to get a good pullback then I would say it would definitely be worth an entry. If you can get in close to some round number s/r then you can always reduce your stop a little too.
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