How to successfully swing trade the markets? (HAS Method)

[topchess]

I also bought dips below the open in EURJPY. Well, I didn't mention this in the strategy but I am way agressive when the trend is confirmed.

Look, lets make it easy ..

The trend is your friend, when we identify the bigger trend, the price will always try to go back to the bigger trend after the intra-day choppy action.

This explains if you go in MN1 chart for EURJPY, see how long it have been bullish? with entry around 136 using this indicator.

This is the main point, we take trade in acceptance with W1/MN1 and set our target from ATR.

I am now backtesting to see which percentage of ATR should work, and how many times it did work, and what are stops calculation.

Right now, It's just an indicator that represents the trend, and I have been using it to ride the bigger trend, that's all.

For EURJPY trade, I moved stop to protect +5 and letting it run, it should be ok. It should violate 166, and go to 167. let us see what happens.

[Jwhite198621]

Seems interesting. I swing traded stocks and made much more than day trading them. Having a bigger stops keeps you from getting whipsawed. I'm tired of watching charts all day. The point of trading is for the freedom, not to be slave. Anyway, looking forward to the next post.

[topchess]

I missed this trade as I sleep in NY close plus Asian session, but it should gather momentum.

USDCHF setup for short. I only post the 4hr chart, but If you go to daily, weekly, monthly, they all agree.

[topchess]

GBPJPY made 160 pips from open (entry price) in the daily candle. So I closed my position and leaving one part open with a stop tightened to cost in case of any bounce.

This is what you can do "locking in pips" and letting a few parts ride the big move.

EURJPY violated 166 as expected, now looking at 167.

No new entry signals found. But EURCHF is preparing a bullish setup, watching it closely

[eclectictrader]

Has anyone thought of putting an alert + sound , when all 4 time frames confirm in same color ?

[maxreturn]

Topchess, nice thread! I too have been experimenting with "regular" HA bars on a multiple time frame basis. I have to admit the "smoothed" HA bars are very visually appealing. My only concern is that they are so smoothed that they lag actual price action. Often times a significant move has already occurred by the time the bar changes color, thus requiring a large stop for what sometimes amounts to a small profit. I'll take a look at the charts with this indicator and experiment to see if entries and stop losses can be improved upon. Thanks again for your contribution!

[topchess]

The R/R ratio is a concern to all traders, thanks for your appreciated contributions. Thanks every one!

[topchess]

Any MT coders here?
I would like some indicator created.

BTW regarding risk/reward, I do not think even though you miss some of the move, you still get most of the move, it depends on how do you trade, and did you trade the advised pairs? I have had a very good performance ongoing trading with the indicator usually my stop is very wide and my target too.

[amorano]

I code MT4 indicators and experts. Just shoot me a mail.

[wliu84]

nice one Topchess

made about 700 pips in the past 24 hr

now, i have a question about the stop loss, i read your previous posts, and i didn't exactly find it

for now, i'm placing my stops below/above the most recent relative low/high....so low -20 pips, or high +20 pips. on 4h, this is usually within 100-150 pips, which is not bad, considering the potential profit is usually 200+

but still, i'd like to know if you've found a way to tighten that up....cuz smaller s/l means lower risk/reward and bigger positions