I use Heiken Ashi + Stoch to make 250+ pips a week

[shelforex]

EJ (bullish) gave a nice entry this morning, bounce at Fridays Fib (50), with H1/15 min Stoch crossing from the oversold position, decision Heiken ashi candle formin on H1 drop to 15min for entry 90 pips. This was approx 9am Eastern

Shelforex

[Professorfxja]

The 2 ma averages that are drag onto the stocasticswhat are the pareameters. I have done that but they do not seem to line up as your do

[corei]

This heineken aishi system seems to be interesting...

[disbellj]

sky8,

It would be really helpful if you could post a template. to save a template of your current chart, go to Charts menu in MT4, then go to Template, then Save Template... give it a name, save it, and please attach it to a post for us, so that we may see what you see.

Thank you,

Don

[kash369]

hi,
I have gone through this thread on heiken and find it interesting about trade setups in combination with stochs and volume. Did anyone do backtesting on other than forex like stocks about its success. Also I will greatly appreciate if some one can send me the afl of this indicator (for amibroker) that can scan or explore for possible setups on different time frames
Thanks
pkash369

[richieru]

I was wondering if there are any heiken ashi patterns (like candle-stick patterns - abandoned baby/morning star etc.) you may look for. For example you enter a trade and the trend takes off, but XYZ patterns tell you that the trend may not reach your take profit so you bail out of the trade early. is there any technique like this that you use to compliment this system?

[paidperpip]

I was wondering if there are any heiken ashi patterns (like candle-stick patterns - abandoned baby/morning star etc.) you may look for. For example you enter a trade and the trend takes off, but XYZ patterns tell you that the trend may not reach your take profit so you bail out of the trade early. is there any technique like this that you use to compliment this system?

Only really seems to be five of them:

Bull candles - trend to the upside in progress
Bull candles with upper wicks - Strong trend in progress (Vice versa for shorts)
Smaller candle body = trend getting weaker
Smaller body with upper and lower wicks - Trend getting weaker. Consolidation, indecision.
Very small body with long upper and lower wicks - Trend reversal. A 'Stall Point' if you will...

[makeit]

Guys,

where i can get Bulls indicator to download ?

[Organic]

Any one in this forum have any success with this trade method?

I've been trying to figure it out but the original post was quite vague.
Here is what I've gotten from all the post about this theory.

Indicators used:

-Stochastic- (14,3,3) must be over bought and crossing to the short side when selling. and must be on the over sold and crossing to the upside when buying.

-Bollinger band-- use this to set take profit target.

-MA of 7 and 11 ( not clear how it's been use)

-Used 5 1hour chart to identify trend (EUR/JPY,GBP/JPY,CHF/JPY,AND CAD/JPY) no other explanation.

-Wait for candle setup to enter a postion---not sure what the candle set up looks like.

-If late entry of a position wait, must wait for price to come to the middle of the band to open position. ( I assumed it's the Bonlinger middle band)

Volume was also being use but he only mention it once.

Can anyone using this method shed some light on this please.

Thanks

[disbellj]

Organic,

I think as you rightly pointed out, the original poster that started the thread really didn't give anyone enough of his system to actually trade it. I figure once he found it profitable, he decided to quit sharing the method, which is unfortunate. I, for one, would appreciate a response from the original poster, clarifying the strategy, as well as a template, which I asked for a while back.

Regards,

Don

Any one in this forum have any success with this trade method?

I've been trying to figure it out but the original post was quite vague.
Here is what I've gotten from all the post about this theory.

Indicators used:

-Stochastic- (14,3,3) must be over bought and crossing to the short side when selling. and must be on the over sold and crossing to the upside when buying.

-Bollinger band-- use this to set take profit target.

-MA of 7 and 11 ( not clear how it's been use)

-Used 5 1hour chart to identify trend (EUR/JPY,GBP/JPY,CHF/JPY,AND CAD/JPY) no other explanation.

-Wait for candle setup to enter a postion---not sure what the candle set up looks like.

-If late entry of a position wait, must wait for price to come to the middle of the band to open position. ( I assumed it's the Bonlinger middle band)

Volume was also being use but he only mention it once.

Can anyone using this method shed some light on this please.

Thanks