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Heikin-ashi

USDCAD 4H HEIKEN ASHI REVERSAL STRATEGYIn Japanese, Heiken Ashi means “Average Bar” and it represents the average-pace of prices. The Heiken Ashi candlestick chart can help you to spot both trading periods and ranging periods that you should avoid. There are two primary trade signals that we can identify through the Heiken Ashi candlestick: 1- Bullish candlesticks with no wicks or very small wicks indicate a strong uptrend and excellent buying opportunities. 2- Small candlestick characterized by a small body and big upper and lower wicks signal a potential reversal. Use strategy on all markets and time frames. Step #1: Identify a strong move to the upside. One of the simple ways that we can use the Heiken Ashi candlesticks is to trade reversal when the candles changed color. So, the first thing we’re going to look for a bullish trend or a strong move to the upside. Note* The Heiken Ashi chart tends to give much more extended and smoother runs of bullish and bearish price candles which is because of how the calculation is used to average out the range of the bar. Step #2: Wait for the Heiken Ashi bar to change color from bullish (green) to bearish (red) The first sign that the price is about to turn lower is when we see a red Heiken Ashi candle. In order for the Heiken Ashi bars to change color, there must to be a strong shift in the order flow and this typically translates into a much more reliable signal than we get when typical price candle change color on a normal price chart. The way we look to use this feature is simply to implement traditional technical analysis to locate potential reversal zones with the Heiken Ashi chart. We use the price action reading skills as a filter to identify a potential trade and then we use the Heiken Ashi chart as the confirmation to go ahead and execute the trade. Step #3: The first bearish Heiken Ashi candle needs to have a bigger than average lower wick Long lower wicks can provide an incredible trading signal, especially when using the Heiken Ashi price chart. You can also wait until you see a bearish Heiken Ashi candle with no upper wick. However, this second approach will cost you some profits left on the table. The Heiken Ashi trading strategy satisfies all the trading conditions, which mean that we can move forward and outline what the trigger condition for our entry strategy. Step #4: Sell at the market at the opening of the next Heiken Ashi candle Our entry method is very simple. This is a bullish reversal setup, so we’re looking for buying opportunities once everything is in the right place. Now we can anticipate that a reversal is put in place, and we can go ahead and buy EUR/USD at the opening of the next Heiken Ashi candle. Step #5: Hide your protective Stop Loss above the first bearish candle high. One of the really fantastic things about Heiken Ashi candles and what makes them so great for trading is how we can use them to place our protective stop loss. Because of the tendency of the candles to display continuation, we can go ahead and be really tight with our stops. We can simply place our stop loss above the signal candle high. Step #6: Take profit after we get a close above a previous bearish candle. A good Heiken Ashi trade setup will tend to run for much longer than a usual price action setup. So, when we’re trading with Heiken Ashi candles, we really want to exploit this and keep our trades open for longer than we usually would. Because we’re using such a tight stop loss, we’re only going to need a small price movement to make a good profit on this trade. Note** the above was an example of a SELL trade using our Heiken Ashi trading system PDF. Use the same rules for a BUY trade – but in reverse. PM me if you want to read the complete strategy.
Short
by Tradingstrategyguides
BITCOIN GOLD HEIKIN ASHI STRATEGYOur trading community is composed of long-time crypto enthusiasts, and in today’s article, we want to bring to your attention the Bitcoin Gold trading strategy that uses the Heikin-Ashi technique to forecast the Bitcoin Gold price. The Heikin-Ashi technique is simply another form of looking at charts that traders can use to spot trading opportunities. This new revolutionary way to look at charts can be applied to any time frames. So, no matter of our trading style (daytrading, swing trading, trend following) you can implement this trading method into your trading cryptocurrency strategy. You can put to use the Heikin-Ashi charts to many markets even though they initially were designed for commodities and stock market price; it has the same kind of success on Forex currency pairs as well as on cryptocurrencies. Heikin – Ashi in Japanese means average bar and are a type of candlesticks different than the typical Japanese candlesticks that you encounter when learning how to trade. However, we’ve found that the Heikin – Ashi candlesticks are much more accurate in helping us determine Bitcoin Gold price movements. There are two primary trade signals that we can identify through the Heikin Ashi candlestick: Bullish candlesticks with no wicks or very small wicks indicate a strong uptrend and good buying Bitcoin Gold opportunities. Small candlestick characterized by a small body and big upper and lower wicks signal a potential reversal. Note* The same rule can be applied in reverse for Heikin Ashi bearish candlesticks. Step #1: Identify three consecutive bullish candles that have no lower wicks. After you switch to the Heikin Ashi candlestick chart on your trading platform, the first step is to identify three consecutive bullish candles. It’s mandatory that all the three Heikin Ashi candlesticks have NO lower wicks. Remember that bullish candlesticks with no wicks indicate a strong uptrend and further increase in Bitcoin Gold price. We also have to make sure that these three consecutive candlesticks are placed at the right location. Step #2: Before the three consecutive bullish candles we need to have no more than 5 consecutive bearish candles Location, location, location is the key word and a fundamental concept if you want to improve your trading instantly. So, prior to the three bullish candles spotted earlier, we need the location of this pattern to be located in such a way that behind it we can’t count more than five consecutive bearish candles. Identifying trends and opportunities to buy Bitcoin Gold are much easier now that we have a trade setup with a good location. Step #3: Buy at the market at the opening of the next 4th candle When to buy Bitcoin Gold is very easy to understand. To initiate a position, wait for the opening of the 4th candle after the three consecutive bullish candles. Preferably, after you spotted the three candle trade setup, you need to get ready to pull the trigger. Step #4: Place protective Stop Loss below the most recent swing low There is a very obvious predictability in our approach to the stop loss strategy. We hide our protective stop loss few pips below the most recent swing low. Alternatively, you can place your stop loss below the three candlestick pattern, but you risk to be taken out prematurely when we’re in a trading range. So, you need to adapt your stop loss strategy to the current market conditions. Step #5: Take Profit equals 2 x risk or 3 x risk Depending on how strong the Bitcoin Gold trend is, you want your take profit target to be two or three times more than your stop loss. This is a simple exit strategy that potentially can reward you with a positive risk to reward ratio. For take profits, you can also cash out at regular trading intervals partial profits. Note** the above was an example of a BUY trade using the Bitcoin Gold cryptocurrency trading strategy. Use the same rules for a SELL trade – but in reverse. PM me if you want to read the complete strategy
BLong
by Tradingstrategyguides
1
Litecoin - Heikin Ashi, trend analysisLooking at the LTC chart with Heikin Ashi candlestick pattern, we can see the trend much clearer, and things are looking good with a strong uptrend, all green candlesticks with high wicks, which indicates the trend is currently strong. However, I don't think we are completely out of the down trend just yet, price needs to make a higher high on the daily before i'm convinced, and that is shown by the first red line. I do think we have a good chance of continuing up to this red line though, and taking profits here would probably be something to think about. (this is not financial advice)
Long
by smilingllama
WTI Crude Oil Excellent opportunity for WTI Crude OIL Here is what can become an excellent opportunity, one of those I prefer. A nice double maximum in daily reached with extreme precision. The graph to which I refer in this analysis is a 4h and shows very clearly how in area 66.70 there is a double maximum for oil. On these occasions, immediately within short placing no stop loss just above R1 and a first target in S1. As I have repeatedly explained in my analysis, my entry is not unique. I usually build a position in a market with multiple entries. Entering 65.73, for example, I start to build my position that I will strengthen if I had to get closer to R1 while keeping the same SL in order to take full advantage of the rebound. I will strengthen this position further if the daily gives me another bearish signal like that of a Heikin Ashi Bearish or a short signal from the EMA10. However, the opportunity is now really interesting, there was also a spike on R1, so I start to build my short operation.
TVC:USOILShort
by CloudAut
2
BINANCE COIN / BNBBTC / Ichimoku / Heikin AshiBNB is looking very bullish . I feel the fundamentals behind this token are strong. The long term decentralized vision of Binance makes a lot of sense to me, and they have the capital and liquidity to pull it off. The move to Malta, ability to bring fiat pairs, and a coin that actually has a use (exchange fees), all in all i like this coin a lot. We have reached the all time high for a double top. RSI is showing bullish divergence on the 4 hour & the 1 Day chart. We are well above Kumo, Tenkan and Kijun, showing a very strong trend. A retracement back to the trend line is likely , but the bullish RSI indicates we may break out and make a new all time high vs BTC. I am waiting for a strong bounce off of the Tenkan, a white candle with no bottom wick, and a close above the 1 to enter. I think this is worth keeping an eye on. it's nice to see an all time high in this market. go binance!
Long
by iliketotrade
BTC Retracement to the Tenkan LineCOINBASE:BTCUSD should be pulling back to the Tenkan line as it's been off the Tenkan for a few days now. I had originally thought that pull-back would have already occurred but it appears we are going to head to the bottom of the Kumo Cloud (around $12k) before we get this push back. I do not see us breaking through the Kumo Cloud without retracing back to the Tenkan Line. After we get back to the Tenkan I believe we will make a run up into the Kumo Cloud and test the $14.5k zone.
COINBASE:BTCUSDShort
by MadCybertist