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Swing trading with heiken ashi and stochs

  • #2,701
  • Jul 29, 2013 3:14am Jul 29, 2013 3:14am
Yes! FXCM mobile application is very robust with HA candles, weekly pivot point etc. though I have not been able to finish reading all the posts in this thread but it's been very informative and profitable. Thanks to everyone that has contributed and shared their experience to help newbies like me.

Thanks.
  • #2,702
  • Aug 5, 2013 1:29pm Aug 5, 2013 1:29pm
Sorry I haven't been about, I was offered an analysis role with a group of investors and had to take it. If anyone ever needs any help trading this system then let me know, just pm me or email if you have it. I'm always happy to answer any questions. It's a great system, you just need the patience to run it.

As my time is always so taken up with other things I've been trading end of day candles at s/r. I may start a training and mentoring service for that as it would take up less of my time. I'll let you know if anything happens.
  • #2,703
  • Aug 5, 2013 1:41pm Aug 5, 2013 1:41pm
Good Luck my friend
Gp
Nobody ever went broke closing a trade in profit
  • #2,704
  • Aug 5, 2013 1:52pm Aug 5, 2013 1:52pm
Quoting gp00053
Good Luck my friend Gp
Thank you very much.
  • #2,705
  • Aug 5, 2013 6:49pm Aug 5, 2013 6:49pm
Hi Hugh..I would be interested in the training/mentoring idea..
  • #2,706
  • Aug 5, 2013 10:40pm Aug 5, 2013 10:40pm
Quoting sfg7th
Hi Hugh..I would be interested in the training/mentoring idea..
Ok, thanks.
  • #2,707
  • Aug 12, 2013 4:14pm Aug 12, 2013 4:14pm
I'm now accepting clients for training and ongoing mentoring. I want to keep the numbers small so I'm not advertising this with a big blast. If you are interested in learning my trading approach on daily charts then pm me or email me at [email protected] . I am charging $75 (or £50 GBP) per month.
  • #2,708
  • Aug 26, 2013 4:26pm Aug 26, 2013 4:26pm
Hi All,

I just found this thread via google search. looks interesting, I like the concept, very simple and powerful.

What currency pairs do you guys trade this on ?
  • #2,709
  • Aug 27, 2013 3:29am Aug 27, 2013 3:29am
Quoting forexoleo
Hi All, I just found this thread via google search. looks interesting, I like the concept, very simple and powerful. What currency pairs do you guys trade this on ?
You can trade it on all pairs but certain pairs tend to trend better than others. Try eurusd, euraud, gbpusd, gbpaud, audusd, audchf, audjpy, etc.
  • #2,710
  • Aug 27, 2013 5:17pm Aug 27, 2013 5:17pm
Hugh, what do you do if your candle is not pure red, when the market is going down ?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 40 KB
  • #2,711
  • Aug 28, 2013 1:30am Aug 28, 2013 1:30am
Quoting forexoleo
Hugh, what do you do if your candle is not pure red, when the market is going down ? {image}
That doesn't look right, have you put the heiken ashi onto a blank chart, ie removed the normal candles? If I were you I'd delete the heiken ashi indicator in your experts/indicators folder (including the ex4 file) and download a fresh version.
  • #2,712
  • Aug 28, 2013 6:33am Aug 28, 2013 6:33am
Hugh,

For Entry, say we are going short. Candle must be below 100 SMA, what if candle has turn red, but stoch has not cross yet.

Vice Versa, stoch has cross, but candle still green, when do we enter ?

Thanks heaps mate.
  • #2,713
  • Aug 28, 2013 7:18am Aug 28, 2013 7:18am
Quoting forexoleo
Hugh, For Entry, say we are going short. Candle must be below 100 SMA, what if candle has turn red, but stoch has not cross yet. Vice Versa, stoch has cross, but candle still green, when do we enter ? Thanks heaps mate.
No problem.

Wait until both line up. Usually they will occur together. It should be an obvious turn on both, nice and smooth.
  • #2,714
  • Aug 28, 2013 7:49am Aug 28, 2013 7:49am
Hugh, do you enter a trade when HA candle and stoch line up ? or you only enter when you see a doji on HA candle ?
  • #2,715
  • Aug 28, 2013 8:15am Aug 28, 2013 8:15am
Quoting forexoleo
Hugh, do you enter a trade when HA candle and stoch line up ? or you only enter when you see a doji on HA candle ?
It doesn't have to be a doji, just a good turn.

Your best bet is to spend time going through charts from start to finish and just looking for the turning points to see what they looked liked. Then when you see a similar pattern forming in real time then you will be able to spot it.

This isn't a 100% winning pattern but it gives you the edge you need. If you cut your losses short and let your winners run then you will come out ahead over a large enough period of time.
  • #2,716
  • Aug 29, 2013 9:47am Aug 29, 2013 9:47am
Hugh,

What do you do during ranging market, as show in the screenshot below

(EURJPY 4H chart, 13/08/2013 - 19/08/2013). (I am using 50 EMA by the way)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 76 KB
  • #2,717
  • Aug 29, 2013 12:18pm Aug 29, 2013 12:18pm
Quoting forexoleo
Hugh, What do you do during ranging market, as show in the screenshot below (EURJPY 4H chart, 13/08/2013 - 19/08/2013). (I am using 50 EMA by the way) {image}
Why are you using the 50 ema? Is the 100 sma broken? I suppose it would probably do just as well but I don't see why you would change it? Trailing behind the 100 sma is proven to be the most profitable (I know because I spent nearly a week back testing all the options).

Generally speaking if it doesn't look right don't trade it. All you need to do is find a trend, wait for a smooth pullback then trade it.
  • #2,718
  • Sep 1, 2013 9:58am Sep 1, 2013 9:58am
Thanks Hugh!

I am just accustomed to use 50 EMA, but yeah I am going to change it to 100 SMA.

For Exit, apart from getting our SL or target hit, do you have any other exit criteria ?

i.e. if the HeikenAshi candle change opposite color ? or if the CCI cross or reach oversold/overbought level ?
  • #2,719
  • Sep 1, 2013 11:01am Sep 1, 2013 11:01am
Quoting forexoleo
Thanks Hugh! I am just accustomed to use 50 EMA, but yeah I am going to change it to 100 SMA. For Exit, apart from getting our SL or target hit, do you have any other exit criteria ? i.e. if the HeikenAshi candle change opposite color ? or if the CCI cross or reach oversold/overbought level ?
What target? Read my post above, trail behind the 100 sma until your stop is hit.
  • #2,720
  • Sep 1, 2013 6:12pm Sep 1, 2013 6:12pm
Thanks Hugh!

I check out a couple of your post. It looks like you are a fund/money manager. do you have any company website that I can have a look at ?
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