Heikenashi
Long EURGBPLast week EURGBP posted a green Heiken Ashi candle on the weekly time frame. This suggests to me that we may see another green weekly candle posted this week.
It is also the case that EURGBP posted a green Heiken Ashi candle on the daily time frame, after a series of red candles. This suggests to me that we may see a multi-day bull run.
Long NZDUSDNZDUSD posted a green Heiken Ashi candle last week on the weekly time frame. This suggests to me that we may see another green weekly candle.
It is also the case that NZDUSD posted a green Heiken Ashi candle on the daily time frame after a red daily candle. This suggests to me that we may see a multi-day bull run.
Long EURGBPLast week EURGBP posted a green Heiken Ashi candle on the weekly chart. This suggests to me that we may see another green weekly Heiken Ashi candle.
It is also the case the a green Heiken Ashi candle was posted on the daily time frame after a series of red candles. This suggests to me that we may see a multi-day bull run.
Long AUDCHFLast week AUDCHF posted a green Heiken Ashi candle on the weekly time frame. This suggests to me that we may have another green candle posted this week. It's also the case that there was a green Heiken Ashi candle posted on the daily time frame on Friday after a series of red candles. This suggests to me that we may have a multi-day bull run.
$F (Ford Motor Company) Put Option IdeaAnd here is my first published stock option setup and we have Ford Motor Company. Now as you all can see, I am using heiken ashi candles instead of the regular candles.
In my Wyckoff and Supply/Demand studies, I tested out the heiken ashi and my results were amazing. They eliminated a lot of the noise and I was able to see where price is heading much better. I also added the RSI 14 to give me an extra confluence.
Now I must say that I have to be careful since heiken ashi candles usually open at the midpoint of the previous candle. It may be wise to open a split screen with the regular candles just to have a look at where price really is.
Cant wait for price to stop ranging? Do thisFirst of all you are going to need this indicator
Its the Heiken Ashi Algo Oscillator. Click the image below
There are times when price is ranging. When this happens you simply need to see what is the channel where the RSI values are hitting and you want to know WHEN is the RSI breaking out of that channel
In this oscillator the HIGH and LOW part of the RSI Range is the +10 and -10
If price is ranging in between as it is consolidating you dont want to sit there for several hours.
So in this video you can see how to set an alert telling you when the RSI breaks out of the RANGE.
This way, once the alert is set, you can go live life.........
See you next time at the CoffeeShop
What is the Heiken Ashi Algo OscillatorWhat is the "Heiken Ashi Algo Oscillator"
Well here is a link to it
It is an indicator that measures volume and momentum.
It plots and RSI as Heiken Ashi candles.
It includes seven different types of moving averages against the relative strength index.
Each one of these moving averages calculates faster than the previous, starting from the SMA to the LSMA.
It includes a hidden vwap as a moving average to confirm Trend Direction.
It uses a "Double Stochastic Strategy" designed by @CoffeeshopCrypto
The first Stochastic being called the "slow stochastic" and the second stochastic using a hull moving average calculation and it's K% and a separate multiplication in its D%.
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Welcome to the coffee shop everyone. This is your host and Barista Eric as always serving up something piping hot and frothy unless you just like a chai tea which tastes like a hot Garden in a cup. Chai is definitely not my cup of tea but I do like drinking tea over coffee . So if you feel like sending me something then let it be either coins on tradingview or it could be a few tea bags of your favorite.
Okay so I'm keeping the intro very short today and I know my videos tend to be pretty long and I max out at the 20 minute marker but I do like to keep you people informed and today is the information you've been waiting for.
today is the release of the Heiken Ashi Algo oscillator.
There is definitely not enough time in this video To break down all the different ways you can use it for trading because it is available to so many different styles and strategies so in today's video I'll show you what all the parts do what all the parts mean you can take it and added to your chart and start running with it.
In the meantime day-to-day you will see new strategies posted in my profile. Each one depicting a different trading strategy and trading style that can you can use against the Heiken Ashi Algo Oscillator.
I figured it would be easier this way anyway to break up the trading Styles across different videos so that there is no confusion and you won't have to worry about watching two different styles in the same video at least .
So without further Ado let's grab our coffee and tea and raise our glasses in a universal, community style toast and get onto the oscillator and all of it's moving parts.
This is where you need to play the video and listen, because it would be TOO MUCH to type and too much to read. So let's go.
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For my trading style, the HA candles have been Recalculate it again because I come to find out that the AHA candles are based on a 2. Calculation which means if my candles are set to 9. IRS I should be twice of that and my RS I'm moving average should be two times at so my candles are 9 my RS I is 18 which is 9 * 2 and my are as I'm moving average is 36 which is 18 * 2.
I just wanted to point this out before anyone starts asking me what are the best settings. these are not necessarily the best they are simply the ones that work for me.
HA Candle: These are the colors, Wicks, and borders, as they are plotted against yourRSI. they are simply a representation of the RSI signal but you can have your RSI set at one length while your candles are set at another length.
RSI: No description needed here this is simply the relative strength index
long exit - This is a signal to tell you the uptrend is going to pause or stop.
short exit - this is a signal to tell you that the downtrend is going to pause or stop
Resistance levels - This is a signal to tell you where you can set the beginning of a trend line and the level of resistance on your chart.
support levels - is this a signal to tell you where you can set the beginning or end of a trendline and set a support level on your chart
RSI Moving average - this is the signal line of your moving average against your RSI and you can choose up to 7 different calculations.
Buy and sel Signals - These signals are triggered based off of certain criteria happening in the oscillator related to volume and Trend Direction.
**WARNING** You should take BUYS when you are in an uptrend and SELLS in a downtrend. (IE 200ma below the 50 ma for uptrend and 200 above 50 for downtrend)
Slow stochastic RSI ribbon - this prints a visual representation of the regular stock a stick on your oscillator.
Fast Stochastic RSI ribbon - This is the second part of the double Stochastic strategy which prints a fasterStochastic on your chart which uses part of a hull Moving Average calculation.
Finally ALERTS have been included.
To use the alerts go to your alerts Tab and click create alert.
Under "Condition" select Heiken Ashi Algo
In the drop-down below it you can select:
buy signal to enter long
Sell signal to enter short
Soft Long or Short exit, if you want to get out of your Long or Short trade when the trend begins to change
Hard Long or Short exit, Is when you definitely should get out of your long or short trade.
there is also an alert set up if you want to be notified about new resistance levels or new support levels.
Just select the one you want and adjust the message that will arrive to you via email, phone, or on screen.
So........ did we do a good job? Let's talk in the comments below.
DJI (1D): Watch the Heiken Ashi CandlesThis is a short and different take. The DJI could be about to correct - significantly. No promises.
The Heiken Ashi candles are telling us something. Sound traders will listen to their 'voice'.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
A beary bearish moment for bitcoin.NOT FINANCIAL ADVICE
Immediate resistance (where sellers are at) = $43k
Immediate support (where buyers are at) = $29.9k
While prices may have seen some bounce lately to much cheer by some in the cryptoverse, alas it may turn out to be a dead cat bounce.
My apologies to all feline lovers out there!
Allow me to present my case:
Corroboration #1:
Foremost, bitcoin is trading below the Heiken Ashi candles, which is generally seen as a bear trend.
Some grounds to gain before we're out of the woods here.
Corroboration #2:
The Ichimoku Kinko Hyo suggests that we are in a downtrend:
- Price is trading below the Kumo cloud
- Tenkan sen (conversion line) is moving below the Kijun sen (Baseline)
- Chikou span appears below or near Priceline, usually a sign of weakness
The good news though, is that the thinness of the Kumo cloud could be a sign that selling pressure is diminishing.
Corroboration #3:
On the primary cycle degree, we see a Wave 4 (ZigZag 5-3-5) underway.
This Wave 4 comprises of corrective waves a, b and c.
Diving deeper into this Wave 4, also Corroboration #4 , we see that..
.. on the intermediate cycle degree, corrective Wave c is playing out its last minor (impulse) Wave down.
So it lends to the theory that bitcoin's primary Wave 4 has yet to complete its moves.
This bears, pun intended, witness to the theory (yes theory, not financial advice!) that this short-term downtrend will play out for the next few days.
I know, I know, I know that this bearish TA might offend some of you -- while you 'BTFD' or 'Double Down' or 'Lower Cost Basis' or 'Diamond Hands' -- but it is what it is.
I would have even thrown in a Wyckoff analysis here to tell you that $29.9k support will be the next Secondary Test zone if I was hardworking or smart enough to learn it..
.. but I'm not, so I didn't.
Until then, a beary happy trading to you~
UPRO Long Swing- Are we heading back upEntered swing trade on UPRO today:
UY signal for UPRO last Friday, with a nice dip intraday to provide a buying opportunity. Weak closed but finished with a BUY sign.
SELL on first red heiken ashi candle.
TP1 @ 3%/$88.31 (25% of position)
TP2 @ 5%/$90.23 (25% of position)
TP3 @ 7%/$91.95 (25% of position)
Strategy Statistics from backtest since UPRO conception (no take profits)
Win%: 56.7%
Avg Win: 4.79%
Avg Loss: 3.16%
R:R: 1.52
UPRO Long Swing TradeBUY signal for UPRO last Friday, with a nice dip intraday to provide a buying opportunity. Weak closed but finished with a BUY sign.
SELL on first red heiken ashi candle.
TP1 is about 3% or $89.68, where I'll take of 25% of the position if that is hit.
TP2 @ 5%/$91.42 (25% of position)
TP3 @ 7%/$93.16 (25% of position)
Strategy Statistics from backtest since UPRO conception (no take profits)
Win%: 56.7%
Avg Win: 4.79%
Avg Loss: 3.16%
R:R: 1.52
SOXL Long Swing TradeBUY signal for SOXL all day last Friday, with a nice dip intraday to provide a buying opportunity.
SELL on first red heiken ashi candle.
TP1 is about 6% or $720, where I'll take of 25% of the position if that is hit.
TP2 @ 8%/$733 (25% of position)
TP3 @10%/$747 (25% of position)
Strategy Statistics from backtest since SOXL conception (no take profits)
Win%: 56%
Avg Win: 7.3%
Avg Loss: 4.65%
R:R: 1.58
More room to run in TQQQBullish heiken ashi close for entry signal
I got about 2/3 of the position I wanted to and it continued to run after hours.
Sell signal is first red heiken ashi or we will sell 10% of position at 190.52(+4% gain). Additional take profits at +6%, +8%, +10% and +12% if we get there.
Tomorrow, if at any time we go below today's close (183.19) but stay in a bullish daily heiken ashi, I will add more.
TQQQ long swing trade entry off- heiken ashi strategyShortly after bouncing off the 21 day moving average, we got a buy signal.
Closing price was 164.74
1st Take Profit (10% of position @ 4%) = $171.33
2nd Take Profit (10% of position @ 8%) = $177.92
Exiting on 1st red heiken ashi or 9th green. No stop loss, chart shows 12.3%, this is max single trade drawdown of this strategy from 2010-2020, in order to show max risk.
Let's try again! Will Tech Join the Reopening Trade? ContinuedI am reposting my trade from November 24th that is still active.
So far we have hit our 12% price target twice, and we are awaiting the ninth bullish heiken ashi candle in a row on Monday, on which we will take 50% of the position off no matter what.
UK100 LONG - WEEKLY timeframe - modified Heiken Ashi strategyUsing a modified Heiken Ashi system whereby one enters long or short at the next bar based on the body of the previous completed bar, even if it is a doji. A more traditional HA strategy takes a directional position following a trending candle. This modified strategy is more aggressive and more mechanical meaning one does not perform a full analysis of the instrument in addition to following the strategy rules.
In this trade the body of last week's HA candle was green therefore we enter long at the open. Stop goes beyond the local low. This constitutes 1 risk unit. An approximate target is set at 2.5 risk units.