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Old 09-03-2008, 08:14 PM
bkr1969 bkr1969 is offline
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Join Date: May 2007
Posts: 157
Default Modified HAS Method

After re-reading the post to this point I felt I should clarify. The profits I posted are using my own modification of the HAS outlined here. I use a 4 hr. chart to start with. I use the D1, W1, M1 with this to track the trend. I am mostly using this on a shorter term basis because the signals for all time frames moving to the same color are more rare than continued trends where all are the same. I base the strength of the trend on the size of the 4 hr HAS candle and time my entries based on the regular. As mentioned before, I also overlay Bolinger bands to help. If the last regular candle has shown a strong counter-trend, (and this means it moved toward or even reached the middle BB) I will place an entry with the HAS trend. The further from the outer BB the candle starts, the greater the potential for profit, so I set my stops accordingly. The HAS candles usually get smaller and the curve flattens before a change in one time frame's color, so I try to be more careful or even avoid entries if this is showing. I tend to exit within 2 candles with a 10-30 pip profit using this technique. If the trend is still strong I can always re-enter. This is a work in progress and is by no means perfect. I got badly burned this morning by a huge dip in the USD/CAD. I am planning on spending the whole month working on this, so I'll keep everyone posted.
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Last edited by bkr1969; 09-03-2008 at 08:17 PM.
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