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- Hugh Briss replied Feb 5, 2012
If USD strength returns this week then we may be waiting for a while before we get any decent entries on USD pairs. The h4 trend has been relentlessly up on a lot of pairs for a long time and if the trend is slowing or reversing we could be in for a ...
Swing trading with heiken ashi and stochs
- Hugh Briss replied Feb 5, 2012
I am short gold from 1731.30 with a stop loss at 1781.30. That's a daily chart.
Swing trading with heiken ashi and stochs
- Hugh Briss replied Feb 5, 2012
Yep, noone ever lost big in a speculation that admitted to being wrong if they were wrong and only risked a % of their account in the first place.
Swing trading with heiken ashi and stochs
- Hugh Briss replied Feb 5, 2012
I'd never put anyone off a trade and countertrend moves can be as strong as those in the direction of the trend but I feel better taking trades that move in the direction of a trend. It's a probability thing. Open up a second demo account with ...
Swing trading with heiken ashi and stochs
- Hugh Briss replied Feb 5, 2012
The 100 sma is just a more or less randomly chosen number. I've read here and there that a lot of traders use it so just went with that. The actual number you use is less important than how you use it. You could use an 80 ema and get a similar ...
Swing trading with heiken ashi and stochs
- Hugh Briss replied Feb 5, 2012
Hello mate, not long now til we're back in business. I've got my eye on this longer term trade, what do you think? I'm looking at gold, daily doji, stochs high. Monthly stochs are down, weekly are trending up but looking high. I have a hunch that it ...
Swing trading with heiken ashi and stochs
- Hugh Briss replied Feb 5, 2012
All about heiken ashi dojis... Heiken Ashi candles differ from normal candles in that the open, high, low and close represent different things. In an uptrend the bottoms of the candles will be "flat bottoms" with no wicks and in a downtrend the tops ...
Swing trading with heiken ashi and stochs
- Hugh Briss replied Feb 5, 2012
A little bit about systems, probability and expectations... A very good reason why new traders fail to make any money, and indeed lose money, is the search for the so called holy grail, that elusive system that never loses and always wins. I used to ...
Swing trading with heiken ashi and stochs
- Hugh Briss replied Feb 5, 2012
While it's the weekend I get plenty of time to think things through and some things occur to me. One thing I didn't mention in the first post, and this is probably something I do subconsciously, is to filter trades by looking visually at the ...
Swing trading with heiken ashi and stochs
- Hugh Briss replied Feb 5, 2012
I don't see anything too wrong with that if it works for you. Better to put more money on something you have more confidence in. What you are doing is subconciously evaluating the probability of the trade you are looking at working out and putting ...
Swing trading with heiken ashi and stochs
- Hugh Briss replied Feb 5, 2012
I've added a list of recommended books at the bottom of the first post.
Swing trading with heiken ashi and stochs
- Hugh Briss replied Feb 4, 2012
url A search came up with this but not sure if it's the right one?
Who can share this indicator?
- Hugh Briss replied Feb 4, 2012
Welcome along. Usually these trades can be spotted well in advance. Mr L above usually posts his trades a good while before they trigger and he uses 2 hour charts. I stick to 4 hour charts so know what I am waiting for. I will take these trades and ...
Swing trading with heiken ashi and stochs
- Hugh Briss replied Feb 4, 2012
Another solidly profitable week, nice one. Why does your entry amount vary? Sometimes $10 sometimes $20? Please continue to trade exactly as you are so we know how the 50/50 approach works long term.
Swing trading with heiken ashi and stochs
- Hugh Briss replied Feb 4, 2012
No worries, it's impossible for us all to see the same signals at the same time so just trade the ones you see. Most important is the use of the money management idea and correct reporting of that. Have a good weekend yourself and see you Monday.
Swing trading with heiken ashi and stochs
- Hugh Briss replied Feb 4, 2012
If you are using metatrader go to Tools and open the metaquotes language editor. On the right hand side you have the navigator. Open the indicators folder and find the heiken ashi.mq4 file. Double click that and it will appear in the main window. ...
Swing trading with heiken ashi and stochs
- Hugh Briss replied Feb 3, 2012
Nice one, good to see you. How about testing MM method number 3 out? Use a 50 pip stop for 2 lots (micro or mini or whatever), take profit on 1 lot at +25 pips and move the second lot to +1 and trail the stop (exit on a HA change against the trade). ...
Swing trading with heiken ashi and stochs
- Hugh Briss replied Feb 3, 2012
Trends can last a long time in forex. It's not always easy to spot these trades as they occur and I'll make this the last chart for now as it's too easy to spot these in the past. Over the next few weeks I hope to show some good, profitable trades ...
Swing trading with heiken ashi and stochs