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Trading via Heiken Ashi candles
Price action trading with Heiken Ashi ?
Some of you may be interested in how price is represented by Heiken Ashi candles, and their use in one approach to trading price action.
www.forexfactory.com/showthread.php?t=291622
A summary can be found here:
http://www.forexmt4.com/_MT4_Systems...mics/TDI_1.pdf
Enjoy.
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neil
....Indicators show the past. Price Action "Indicates" the future.
It seems very easy and I use it as a check on trend .
But I suspect its rules because all the world and his dog must be using it, if it is so good.
I'm trying to find the catch.
This was completely new to me, and quite interesting on that account.
But like Splitlink, I'd be looking for a catch.
Massively long thread. Are they mostly profitable? (Didn't read much of it).
I quite like the actual candles. But I didn't quite follow the rest of it, TBH.
Opinions are like bottoms....everybody....
neil started this thread
Quote:
Originally Posted by Splitlink View Post
It seems very easy and I use it as a check on trend .
But I suspect its rules because all the world and his dog must be using it, if it is so good.
I'm trying to find the catch.
I wish I was more trusting but my opinion is that if this approach is so good then why isn't everyone using this approach to obtain untold riches. Discipline (No- not whips )is key-money management and psychological steadfastness likewise. The "edge"- well, that's something you weld together from study and practice. Good grief -for a moment I thought I had a pitch at Hyde Park Corner.
Good night folks
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neil
....Indicators show the past. Price Action "Indicates" the future.
I've found H-K useful for assessing trend in swing to medium term trades - it smooths candles in the same way as price in moving averages. Don't think it would be so useful for very short timeframes where actual price is more relevant.
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0007 -
"A Gentleman should not be seen before mid-morning unless he is returning home from the night before"
Quote:
Originally Posted by neil View Post
. . . Some of you may be interested in how price is represented by Heiken Ashi candles, and their use in one approach to trading price action.
Thanks Neil - although the OP on the FF thread is in a league of his/her own that I know I'm never going to reach:
". . . I hate to monitor charts anyway. Even if I scalp the market I use 4hr charts with success...." P1, post #11.
Scalping a 4hr chart that one isn't even looking at is clever, clever, clever stuff!
Tim.
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