Heikin
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!
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.
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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Regards,
Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.
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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.