Heikin-ashi
Short opportunity on Enjin coin Enjin coin has been on a massive bull run recently. The price has started to form the Heikin-Ashi system and the strong doji that has formed indicates a downtrend is imminent. Buy to cover at around 1.53
Gold long, is this the turning point !!?as we can see, gold has formed our Heikin-Ashi system, the doji formed a few days earlier however a long now is still a good
trade. this looks like a turning point after a long daily downtrend.
I advise risking 2 % of your capital on this trade
possible quick long opportunity before short ! the price has broken major support levels meaning that a big move down is likely. however a retrace is also showing on the Heikin-Ashi which means there is a quick long opportunity before the short. the stochastic is still oversold and will potentially reach the overbought area before the price starts to move down. this is an ideal situation to increase your profit before shorting the price by catching the retrace.
Quick profit heikin-ashi trade! System test Here is a good example of the Heikin-Ashi system in action in a forex market
Always watch for the main signals to enter or sell: donchian, stochastic, heikin-ashi doji, CMF
This trade as shown worked well, always make sure that each signal has been ‘ticked’ before entering or selling.
Live trade ideas coming soon!
Shorting or taking profit, Heikin Ashi !This is the final example of the day on knowing when to take profit and also timing a short with Heikin-Ashi.
Very simple strategy that works very well if followed properly.
Previous posts explain in detail.
Heikin-Ashi system, how to get out and take profitIn this idea you are shown when the uptrend is showing signs of weakness and when it’s a good time to take your profits before the trend change. It can also be a good place to short a market.
Indicator 1= stochastic is overbought and ready to head down
Indicator 2= Price has hit upper band of donchian channel
Indicator 3= CMF heading back towards 0 line
Indicator 4= red doji is also a very strong indicator along with the green doji before it
Second example of Heikin-Ashi system, legendary profitsHere is another example following on from my first post. Another indicator that’s important is when the CMF is below the 0 line and starts to turn towards the 0 line. this is a sign of strength and a sign that the weakness in the market(downtrend) is coming to an end. The change comes at the exact point of the Heikin-Ashi doji which means that this is a strong entry.
As you can see this trade worked out and proves that Heikin-Ashi can be very profitable if it is followed properly.
Heikin-Ashi system (simplified) This is my main heikin-ashi system.
Heikin-Ashi is a Japanese indicator that means ‘average bar’
Its main purpose is to show the general trend and the strength of each trend, it also gives clues to when a trend change may happen. Heikin-Ashi is a powerful tool that can be used in swing trading to make big profits!
The following is a simple but very useful system. The entry criteria is as follows:
Indicator 1 = Down-move to bottom of donchian channel or bottom band, normally a wick that touches it, as seen on the chart
Indicator 2 = Oversold on stochastic (stochastic is low) and ready to head up.
Indicator 3 = heikin ashi doji which is indicated on the chart (green) strong entry, (red doji) slightly weaker entry.
Live ideas about this system coming soon!
$BTC: Heikin Ashi showing signs of a turn around? Patience!!On the daily heikin chart, we're seeing the first bullish doji forming, which is a sign of indecision and the possible end of this downward trend that we've been in the last week. This 26% correction is fantastic for reloading on fuel for the next push higher. There's almost a 0% chance that 58k was the "top" and that we won't see #Bitcoin push towards the inevitable 6 figures.
I'll be looking to long the breakout of the top wick on this doji that's forming today. On the heikin ashi chart if price action was to push above that level, it would show an actual reversal in the trend. Be careful trying to long before that as the bullish doji in the micro downward trend might just be a pause before continuation. $BTC has multiple 30-40% corrections in its last run, and I would never count out the whales from a nice fake, followed by a liquidation of overleveraged moon boys, and then a subsequent earth shattering pump. Let's be patient and find out!
$BTC: Heikin Ashi on the daily reduces noise = bullish trendI highly recommend this setup when looking at a daily bitcoin chart. Heikin ashi candles average out price movement and are a great way to reduce the noise when thinking about trends. A drawback of this is that if violent reversals happen, the heikin chart may lag a bit behind... so that's why I like the dual pane view. The trend is your friend friends.
I also like fib levels as price discovery targets. Most everyone uses these levels and thus they are self fulfilling. Either way. We're stacking sats and we're not trading those for an infinitely printed USD.
$MSFT TK cross PT $280 Heikin -AshiTK CROSS OVER CLOUD
BULLISH GREEN CLOUD
TRAILING LINE OVER PRICE ACTION
Would like entry here with tight stop or on a touch of base line.
$DIS Bullish TK cross PT $200+ I noticed a TK cross, with a trailing stop above the price action and a bullish green cloud. Price has broken out over upper resistance and trend looks solid. My PT is $200 short term $300 long term.
Using ichimoku cloud, Heikin Ashi Candles on 1 day candle chart.
Start selling IDEXBTCIf 20210215-18 still under the Ichimoku cloud, consider to sell. TK line weren't good either.
Hey, let me be different okay? X-D It's my first time.
Thank you for reading.
Long on Gold/USDThe strategy I use is simpel, Heiken Ashi candles on the 4H and RSI. In this case
I see an uptrend on the Heikin Ashi and RSI crossed 30 upwards. Let's go!
Heikin Ashi MA with AUDCADOn 1hour chart, I'm waiting for PA to break and hold above the 6 SMA. This will indicate at least a potential bottom to then monitor for a possible buy
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Trade Safe - Trade Well
Regards,
Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.
RISK DISCLAIMER
Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose.
NZDCHF - DESCENDING CHANNEL CONTINUATIONThe prices touched the resistance of the descending channel
Confirmation from Heikin Ashi candles (green to red)
SL above the last local HIGH
TP 1 = 32 pips
TP 2 = 48 pips
$BTCUSD 30K 2021? Heikin-Ashi is bullish. 30 000 is an important psychological resistance level for bulls to break. Will Bitcoin break 30k in 2021.
Heikin-Ashi + DMI + Pitchfork = A super easy trend system!I have been trading this system recently and have been surprised at how easy it is to trade with a predominant trend. Using a unique 3-indicator system composed of Heikin-Ashi + the DMI + Pitchforks allow a trader to reduce chart noise and stay in a trade until the trend has exhausted itself. The basic rules of the system include waiting for buy signals on both the Heikin-Ashi and the DMI and then exiting a trade when both the DMI and Heikin-Ashi have given sell signals. The Pitchforks serve as hidden support and resistance and help the trader with placing stop losses based on swing points of the candles and the next nearest pitchfork support lines to minimize chances of stops being triggered. The Pitchforks are also useful for identifying potential reversal zones to enter and exit trades if a trader notices particular pitchfork lines support price more significantly than others. Extra layers of support/resistance confluence can be added with Fibonacci Retracements and Extensions/Projections at these potential price reversal zones. I personally do this myself but the chart does get a bit cluttered and was hard to show clear entrance/exits with them included on here in this photo.
I personally use this on shorter time frames (3min) and it is just as accurate, however, TradingView requires a minimum 15-min resolution to post an idea. I imagine, as with all trades, the longer the time frame the stronger the signals, and the shorter the choppier the trades could get with being stopped out. While I have not tested this extensively, reversing this system for a short does work as well (data not shown on this chart). I have not tested longs or shorts on futures or Forex, so YRMV, and I would suggest testing extensively before implementing on those markets.
Illustration of this system can be seen on $FUV on the 15min chart. It shows two trades, first with a trade of 51% profit and a second of 24%. Average return over two days was 37.5% profit.
Pros of this system:
Very easy to use to identify and trade in the direction of the predominant market trends
Makes it easy to identify Elliot Waves, XABCD, or ABCD market geometry setups due to the nature of the Heikin-Ashi Candles
Ample noise reduction for "nervous" or new traders to make sure they catch the most of a trade trend with easily identifiable entrances and exits
PDT traders may find this system on longer periods/for swings more agreeable than day trading since it minimizes number of trades and maximizes potential return
Traders with full time jobs may find this more agreeable as it is a "set-it and forget it" type of system where they can schedule alerts/exits on the DMI cross over threshold to focus on other important things
Cons of this system:
Trading during ranged markets can lead to being stopped out or quickly lost profits (additional period length or higher level can minimize this risk, see below)
Missing out on "perfect" entry and exits due to combining two lagging indicators
Heikin-Ashi does not represent "true" chart price and it is recommended to add the real stock price on the chart somehow or have broker open with true price to not miss a potential entrance/exit if price reverses quickly/strongly
System Settings:
Heikin-Ashi = Standard
DMI length = 5 period, 20 level (can adjust both period and level higher or lower depending on needs of the trader. Longer = less profit but stronger signals; shorter = max potential profit but more frequent trading/more chop).
Pitchfork = Schiff (change angle more vertical to Modified Schiff or Original as trend goes outside of Schiff Fork if needed. I prefer to just clone the Schiff and move it higher or lower above the main fork since I trade corrections).
