On my chart the previous candle had closed red and the body of the new candle was red. Maybe our brokers have different times so we would have seen slightly different candles? Usually they are similar. Eurusd just moved to break even by the way.

Swing trading with heiken ashi and stochs

I was stopped out on eurcad yesterday, maybe this will be another chance to enter. Negative eur news out this morning. My next candle closes at 10 am gmt + 1. If it closes somewhere just below the 50 level I'd be interested in being short.

Swing trading with heiken ashi and stochs

Yes, psychological/self fulfilling prophecy because lots of people expect a reaction of some kind at those round numbers and so, lo and behold, a reaction occurs but also it is said that the large players, hedgers and large institutional traders, ...

Swing trading with heiken ashi and stochs

Short eurusd.

Swing trading with heiken ashi and stochs

Eurusd may be worth taking. My candle closes at 14.00 (gmt + 1 so 13.00 gmt). If it hasn't gone too far away from that round number and it looks ok I will take the trade then.

Swing trading with heiken ashi and stochs

When the weekly heiken ashi is turning like that and the stochs agree you want to look for shorts.

Swing trading with heiken ashi and stochs

Longs? You mean shorts? Yes, I would consider it ok to look for short trades on that pair (eurusd isn't it?). If you look at the 4 hour chart you will see the price is below the 100 sma and so you just need to wait for a clear pullback.

Swing trading with heiken ashi and stochs

Here are the pairs I am watching for this week. Trades open on audusd and eurcad. Gbpusd hasn't closed red yet but is trading below the 100 sma on the 4 hourly so if it gives a clear signal then I will take it. Other than that it is just a case of ...

Swing trading with heiken ashi and stochs

No problem, glad you found it useful. I will try to post more charts. I intend to post the 4 hour charts that I am watching for the week on a Sunday evening so you can see what pairs I am watching.

Swing trading with heiken ashi and stochs

Looks like it went your way, nice one.

Swing trading with heiken ashi and stochs

Here's a small update to the system. Nothing much has changed but I thought I'd clarify my current approach and there is some other info in there too.

Swing trading with heiken ashi and stochs

So eurcad and audusd are both break even now. Just got to let them run and see where they get.

Swing trading with heiken ashi and stochs

Just caught a bit of a push there, was 50 pips up after the first hour of being in the trade, always nice. Let's see if it continues.

Swing trading with heiken ashi and stochs

Yes, audusd looks good. My candle closes at 6pm gmt (+1 for summer) and if it is still trading below 1.02 then I will probably be getting in.

Swing trading with heiken ashi and stochs

It depends on the trade and depends on the trend. You have two options when trading this way, either use smaller stops and take profit when the heiken ashi turns against the trend or you can use bigger stops, relax a bit and just let the trend do ...

Swing trading with heiken ashi and stochs

No worries. I find jpy and cad pairs can be a little bit choppy. The best bet is to zoom your chart out and have a look at how each pair tends to trend. Eur pairs tend to trend more smoothly than anything else. Gbp pairs can be choppy. Nzd pairs ...

Swing trading with heiken ashi and stochs

Here's an indicator for it. For some reason when it's set to hourly charts it puts the lines on 4 hour charts as well. Does the job though.

Swing trading with heiken ashi and stochs

I agree completely. I think most indicators only work well in trending markets. I find CCI and stochastics the best but I prefer stochastics because not only does it tell me that the momentum has changed but it also gives information about the ...

Swing trading with heiken ashi and stochs

I'm currently watching eurcad, gbpcad, audcad and audusd. All need to pullback before anything will happen so may be a few days.

Swing trading with heiken ashi and stochs

Trade explorer added. This is still only demo as I have my mind on my other trading but it should give you an idea of the system. I will be using weekly and 4 hour charts for my trading and I'll update the thread as anything happens. I will try and ...

Swing trading with heiken ashi and stochs