ADA/USDT 4H Candle | Trading off Heikin Ashi Candle Strategy
*** Technical Analysis***
ADA/USDT showed sings up uptrend for the past 7 hours. The 4 hr is now showing a bullish candle with top wick. to me, that's confirmation to enter according to Heikin Ashi Technique. Check out the past ADA trades and their potential profit margins (26.1%) had you traded off the Heikin Ashi trend trading strategy.
Entry: $.17228
Exit: 4hr red bear candle with bottom wick
To learn how to become a trend trading Heikin Ashi Style Warrior, see links and notes below
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***Heikin Ashi Trading Rules***
ENTRY: wait until the script signals for a trend change candle(small bodied candle with up & down wicks). you will see a green arrow underneath.
Now wait until the second green candle(wick on top) to form before entering into position. This is confirmation of trend change. You can also enter if thr first green candle is bullish(body with top wick only)
EXIT: Wait for a red trend change candle signal, sell at the next red candle with wick on bottom. If you want to take profits on the first red, it's up to you.
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***Advice***
Using bigger time frames cuts out all the trading noise. For smaller time frames(5min), I found it beneficial to also use Stoch RSI, MACD, Vol, MA Cross indicators to confirm entries so that you're not constantly trading in and out. I would advise against trading on the 5min using Heikin Ashi Strategy, It's just too tedious and time consuming.
Stay Disciplined and you shall be profitable. Don't chase the trades, Let them come to you. If you miss out, there's plenty more opportunities. Wait for the next trend change. This technique can be applied o all Alt coins as well. Keep in mind though that alts tend to follow Bitcoins movements. Patience is key
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***HEIKIN ASHI TECHNIQUE - My thoughts while learning this trading style***
This style makes trading comfortable and relaxing if you trade in the bigger timeframes, 4hr & 1day. For more price action and to gain more satoshi/USD out of the trades, trade in smaller time frames from 5min, 15min, 30min, & 1hr. I will tell you, if you're a busy person in your everyday life, trading on the 5min and 15min is not ideal.
Trading view Script from BOBTARHEEL- HOW TO ADD: go to link and add to favorites, then go to indicators and search for HA COLOR CHANGE, add indicator. For alerts, go to alerts and choose HA COLOR CHANGE in the drop down menu. CLICK PICTURE
Suggested website to learn: tradingstrategyguide...eiken-ashi-strategy/
ADA/USDT showed sings up uptrend for the past 7 hours. The 4 hr is now showing a bullish candle with top wick. to me, that's confirmation to enter according to Heikin Ashi Technique. Check out the past ADA trades and their potential profit margins (26.1%) had you traded off the Heikin Ashi trend trading strategy.
Entry: $.17228
Exit: 4hr red bear candle with bottom wick
To learn how to become a trend trading Heikin Ashi Style Warrior, see links and notes below
----------------------------------------------------------------------------------------------------------------------------------------------------------------
***Heikin Ashi Trading Rules***
ENTRY: wait until the script signals for a trend change candle(small bodied candle with up & down wicks). you will see a green arrow underneath.
Now wait until the second green candle(wick on top) to form before entering into position. This is confirmation of trend change. You can also enter if thr first green candle is bullish(body with top wick only)
EXIT: Wait for a red trend change candle signal, sell at the next red candle with wick on bottom. If you want to take profits on the first red, it's up to you.
----------------------------------------------------------------------------------------------------------------------------------------------------------------
***Advice***
Using bigger time frames cuts out all the trading noise. For smaller time frames(5min), I found it beneficial to also use Stoch RSI, MACD, Vol, MA Cross indicators to confirm entries so that you're not constantly trading in and out. I would advise against trading on the 5min using Heikin Ashi Strategy, It's just too tedious and time consuming.
Stay Disciplined and you shall be profitable. Don't chase the trades, Let them come to you. If you miss out, there's plenty more opportunities. Wait for the next trend change. This technique can be applied o all Alt coins as well. Keep in mind though that alts tend to follow Bitcoins movements. Patience is key
----------------------------------------------------------------------------------------------------------------------------------------------------------------
***HEIKIN ASHI TECHNIQUE - My thoughts while learning this trading style***
This style makes trading comfortable and relaxing if you trade in the bigger timeframes, 4hr & 1day. For more price action and to gain more satoshi/USD out of the trades, trade in smaller time frames from 5min, 15min, 30min, & 1hr. I will tell you, if you're a busy person in your everyday life, trading on the 5min and 15min is not ideal.
Trading view Script from BOBTARHEEL- HOW TO ADD: go to link and add to favorites, then go to indicators and search for HA COLOR CHANGE, add indicator. For alerts, go to alerts and choose HA COLOR CHANGE in the drop down menu. CLICK PICTURE
Suggested website to learn: tradingstrategyguide...eiken-ashi-strategy/
Trade active:
.96% up in 8hrs. I need to work on entering at the main body of the candle not the wick. Missing out on profits. Either way, ADA still looking good on the 1hr. I only observe on the 1hr and trade the 4hr.