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Attachments: MA of H-A system
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MA of H-A system

  • #21
  • Aug 28, 2014 9:09am Aug 28, 2014 9:09am
Quoting handy148
If you google stratman's mini charts you'll be able to see everything on one page and save the trouble of switching back and forth.
Very, very cool (or as my teenager would say, 'sick'). Thanks for the heads-up!
Vita est simillimus forexum(Life is like forex)
  • #22
  • Aug 28, 2014 1:58pm Aug 28, 2014 1:58pm
Thanks alot dennis
Now I got it much clearer
  • #23
  • Aug 29, 2014 8:37am Aug 29, 2014 8:37am
I like showing a live trade bc I want folks to see the power of simplicity. It's all about making pips, regardless of how easy or complex the system is. Just now, our 30M EU candle has crossed our slow MA in agreement with the trend. So I'm short @ 3175 (close). BTW, the last blue candle showed divergence followed by the first pink candle.
Attached Image
Vita est simillimus forexum(Life is like forex)
  • #24
  • Edited 10:21am Aug 29, 2014 9:22am | Edited 10:21am
I don't think this will be a change in trend, but the trend has weakened, so I've hedged the EU short @ Usd/Chf short @ 9147. The idea is the take profit on the hedge after it turns back into the trend, followed by profit on the original EU short.

Update: closed the hedge @ -5. The goal is to make that up on the original trade. The upside was having cheap insurance. I had noticed the PMI change earlier which faked me out into thinking we would see the dollar weaken (like it did for May PMI). The market didn't seem to care much about PMI this time. Prime example as to why I've never understood fundamentals in the short-term.

Exit EU short @ 3157 so with the -5 on the hedge, the final net was +13. It's end-of-month (anything can happen) late morning NY, else I would have run this trade farther.
Vita est simillimus forexum(Life is like forex)
  • #25
  • Aug 29, 2014 10:57am Aug 29, 2014 10:57am
I had a go on EJ.

My C1 was lower than my C2 so I was looking for shorts!

And here it was.
Price broke the 10 ema with a red heikin ashi.
Entered at 137.01 and exited the trade at 136.77 with a plus of 24 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EJ.png Size: 27 KB
  • #26
  • Aug 30, 2014 2:28pm Aug 30, 2014 2:28pm
I don't understand why the HA is considered important to this system. It leads the 50 ma but is insufficient to trigger a trade. The HA is always "on-colour" by the time a breach occurs, so it doesn't seem to add any new information.
  • #27
  • Sep 2, 2014 6:41am Sep 2, 2014 6:41am
Quoting Mr.Ma
I had a go on EJ. My C1 was lower than my C2 so I was looking for shorts! And here it was. Price broke the 10 ema with a red heikin ashi. Entered at 137.01 and exited the trade at 136.77 with a plus of 24 pips {image}
Sweet Mr. Ma! If you focus on this system for a couple weeks, you'll experience what it's about. Due to it's simplicity, probably many will not try it, but that's OK. Also, you might try setting your chart to "line" instead of candle and see if that effects the display of the H-A candles. It works for me anyway...
Vita est simillimus forexum(Life is like forex)
  • #28
  • Edited 9:29am Sep 2, 2014 6:53am | Edited 9:29am
Quoting Pip_Monk
I don't understand why the HA is considered important to this system. It leads the 50 ma but is insufficient to trigger a trade. The HA is always "on-colour" by the time a breach occurs, so it doesn't seem to add any new information.
Consider taking a closer look at posts #20, #23. H-A is not just about it's color. That said, the simplicity of a series of the same color tends to filter out the conflicting noises in other systems. It looks clean and makes pips.
Vita est simillimus forexum(Life is like forex)
  • #29
  • Edited 7:43am Sep 2, 2014 7:08am | Edited 7:43am
Two classical setups earlier today: nzd/usd, gbp/usd.

We have a long-term setup @ usd/cad @ 4H breach of 50 + weekly. Precision entries and exits can use 15M cross of 10 ema. There are many such variations, not to speak of ma bounces after retracements. But don't take my word! You must experience this for yourself. Theory doesn't make pips. Hard work makes pips.
Vita est simillimus forexum(Life is like forex)
  • #30
  • Sep 2, 2014 7:13am Sep 2, 2014 7:13am
Dennis - Good, simple WINNING system. I wish you much success.
  • #31
  • Edited 10:05am Sep 2, 2014 9:17am | Edited 10:05am
Quoting tomthepoppop
Dennis - Good, simple WINNING system. I wish you much success.
Yours is a winning attitude so congratulations. I discovered this system is simple on the outside but much more as the study and practice continues. For example, take the previous question re: H-A color. Well, H-A has powerful attributes. Else who would bother with H-A and why was it invented? So poke it until you find those attributes. Another example is use of various TF's. Like using 4H fast ma for trend instead of the Daily. etc. etc.
Vita est simillimus forexum(Life is like forex)
  • #32
  • Sep 2, 2014 1:40pm Sep 2, 2014 1:40pm
Hi Dennis , compliments for your simple and profitable TS . A question : your system includes the re-entries ?
Thank you.
  • #33
  • Sep 2, 2014 5:30pm Sep 2, 2014 5:30pm
Quoting redoktober
Hi Dennis , compliments for your simple and profitable TS . A question : your system includes the re-entries ? Thank you.

Same question, what about reentries? Do we have to wait to a pull balck to 50ma and a close up/under this ma to open a trade?
  • #34
  • Sep 3, 2014 6:51am Sep 3, 2014 6:51am
Quoting slait73
{quote} Same question, what about reentries? Do we have to wait to a pull balck to 50ma and a close up/under this ma to open a trade?
These are great questions because they begin to take us deeper into the system, so thanks to you both. If this answer sounds too elementary, I'm aiming more at the newer trader, so excuse the sound of it. I wouldn't intentionally "talk down" to even a brand new trader.

As you may know, the longer the chart's timeframe (TF) you use to make decisions, the more accurate the read (and the more patience it takes). Re-entries are great trades, after a pull back from trend and then heading back into trend. But I used to make a good trade, then get back in too early and lose it all again. Las Vegas! Now I exit in-the-money and then chill (ha ha the banks lost).

For the re-entry, I recommend using the fastest TF that's easy to read. Example: you look at the 15M, but the heikan-ashi's too choppy with lots of upper/lower whiskers and inconsistent opens-to-closes; then 30M, uhmmm, still a bit choppy, then 1H and the H-A's look fairly smooth with consistent opens-to-closes, so, even though I'm still excited from making some money recently, I chill and use the best TF to determine a re-entry. Now that I know which chart to use, which ma should I use for my re-entry? Use the one that's showing a bounce back into trend on your smooth-looking chart. See post #1. These bounces back into trend occur on a regular basis because price pushes into trend, takes a breath, then pushes again (as you may already know). Just use the TF/ma combo that's easiest to read. Hope that helps.
Vita est simillimus forexum(Life is like forex)
  • #35
  • Sep 4, 2014 2:26am Sep 4, 2014 2:26am
Quoting dennis681
{quote} These are great questions because they begin to take us deeper into the system, so thanks to you both. If this answer sounds too elementary, I'm aiming more at the newer trader, so excuse the sound of it. I wouldn't intentionally "talk down" to even a brand new trader. As you may know, the longer the chart's timeframe (TF) you use to make decisions, the more accurate the read (and the more patience it takes). Re-entries are great trades, after a pull back from trend and then heading back into trend. But I used to make a good trade, then...
Ok Dennis , thank you for your kind reply . Another question : what are the best pair for your system ?
Thanks.
  • #36
  • Sep 4, 2014 8:23am Sep 4, 2014 8:23am
Quoting redoktober
{quote} Ok Dennis , thank you for your kind reply . Another question : what are the best pair for your system ? Thanks.
Look at all your pairs using the 30M or 1H and pick the pair showing the the next setup. You're looking for a new 50 ma crossing back into the Day trend. The other thought on this is to only trade the Eur/Usd and Usd/Chf until you get experience. That is because they mirror each other and if you get into trouble on a trade, you can "hedge" until you get out of trouble. But that also takes a bit of practice because it takes patience to wait until the hedge plays out, take your hedge profit, close the hedge, and watch price go back into your original trade. Well, I've been doing it a long time, so it makes sense to me anyway. Most traders don't hedge (or at least won't admit it).
Vita est simillimus forexum(Life is like forex)
  • #37
  • Sep 4, 2014 2:23pm Sep 4, 2014 2:23pm
Hi!

I very much like this method. Thank you.
You said we don't need a stop-loss bc of the M5 TF but when do we exit when the trade runs against us?

regards
C
You can't go broke taking profits.
  • #38
  • Edited 6:02am Sep 5, 2014 5:40am | Edited 6:02am
Quoting Clover
Hi! I very much like this method. Thank you. You said we don't need a stop-loss bc of the M5 TF but when do we exit when the trade runs against us? regards C
Hello Clover! I like to use H-A candles bc it's easy to see the trade running against us. But you're trading with the trend, so don't get too nervous. Anyway, this is from Post #1:

Standard exit: Breach (after close) of 5M 50sma. A more conservative exit off the 5M 10 ema is typical as well. Depends on how risky you want to be.

One final note, Clover. VERY often you'll see the pullback to the fast or slow ma, or even they are breached and maybe you exited. But then, a RIP back into trend for a nice winner. I watch for the candle to change color back into trend, and then I will re-enter sometimes. Experience will help you decide since each trader is different.
Vita est simillimus forexum(Life is like forex)
  • #39
  • Last Post: Sep 5, 2014 6:10am Sep 5, 2014 6:10am
Alright thanks! I'll trade a bit with this method for a little while. Will let you know.
You can't go broke taking profits.
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