Awesome Trading (New way to trade the 4h)
Hello and welcome to my topic.
Recently I came up with an almost completely profitable strategy. In backtests, my win/loss ratio is at least 80%, just because of the nature of the system. This is:
In this system we use heiken-ashi multiple time frame bars. If you don't know, Heiken-ashi is a method of averaging candles so that you can stay in a trend longer. In this system we use smoothed versions of these candles. This way, even if there is a small correction, we still stay in the trade.
**Important** - Trading takes 4 hours. Trading 4 hours. Anything shorter will make you miserable, anything longer won't take you past 3 timeframes. 4h provides you with 4h, daily, weekly and monthly heiken ashi articles from bottom to top. Essentially, we're waiting for them all to line up in the same color. When that happens, we'll have a strong tendency for it to self-correct even if you mess up a few.
Start trading now...
First things first
Identify trends. Do this by looking at the first two HAS boxes at the specific moment of your trade. If they agree, then you have a good long-term trend. For example, if you want to trade temporarily and both sides are blue, you should go long. If they are red, you look short. Example:
http://i303.photobucket.com/albums/n...man1990/11.gif
In this particular example, we're looking at the long term.
Step 2: Find the entry <br> Nowadays, identifying trends is easy. It's just as easy to see where to enter. It's purely a matter of looking at it and the trading system. What we want to do is trade on the pullback. The way we can do this is to try to find when 4h and daily are opposite to week and month:
http://i303.photobucket.com/albums/n...man1990/12.gif
See how the red part has changed, but the blue part is still on top? This is what we are waiting for. Now we wait 4 hours for it to turn blue and then eventually go in when it turns blue daily. Yes, that's the third line. We enter the changes on the third line. Essentially, what we do is watch the general trend (see how it's an uptrend?), then wait for a minor correction (the 4-hour and daily bars turn red), then enter once the correction is over (the daily bar returns to the trend direction):
http://i303.photobucket.com/albums/n...man1990/13.gif
Remember, the long-term color must remain the same color as the short-term changes. I will post pictures of more successful trades.
Recently I came up with an almost completely profitable strategy. In backtests, my win/loss ratio is at least 80%, just because of the nature of the system. This is:
In this system we use heiken-ashi multiple time frame bars. If you don't know, Heiken-ashi is a method of averaging candles so that you can stay in a trend longer. In this system we use smoothed versions of these candles. This way, even if there is a small correction, we still stay in the trade.
**Important** - Trading takes 4 hours. Trading 4 hours. Anything shorter will make you miserable, anything longer won't take you past 3 timeframes. 4h provides you with 4h, daily, weekly and monthly heiken ashi articles from bottom to top. Essentially, we're waiting for them all to line up in the same color. When that happens, we'll have a strong tendency for it to self-correct even if you mess up a few.
Start trading now...
First things first
Identify trends. Do this by looking at the first two HAS boxes at the specific moment of your trade. If they agree, then you have a good long-term trend. For example, if you want to trade temporarily and both sides are blue, you should go long. If they are red, you look short. Example:
http://i303.photobucket.com/albums/n...man1990/11.gif
In this particular example, we're looking at the long term.
Step 2: Find the entry <br> Nowadays, identifying trends is easy. It's just as easy to see where to enter. It's purely a matter of looking at it and the trading system. What we want to do is trade on the pullback. The way we can do this is to try to find when 4h and daily are opposite to week and month:
http://i303.photobucket.com/albums/n...man1990/12.gif
See how the red part has changed, but the blue part is still on top? This is what we are waiting for. Now we wait 4 hours for it to turn blue and then eventually go in when it turns blue daily. Yes, that's the third line. We enter the changes on the third line. Essentially, what we do is watch the general trend (see how it's an uptrend?), then wait for a minor correction (the 4-hour and daily bars turn red), then enter once the correction is over (the daily bar returns to the trend direction):
http://i303.photobucket.com/albums/n...man1990/13.gif
Remember, the long-term color must remain the same color as the short-term changes. I will post pictures of more successful trades.
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