For instance some while ago a good buddy of mine kind of presented & learned me on how to use Heikin Ashi... I like day trading so next to the fun part of guessing what the market might be doing every minute of every day. I started using this model on larger time frames..A more secure trading strategy, that doesn't need for me to be behind charts every moment of every day..
It's a nice and kind of safe bet to get you a steady safe profit.
Heikin Ashin allows you to very easily predict what direction the market will be taking. Just make it a fun case and test it out. Check the chart, and check how many times compared with the previous candle close you would have been wrong if you would have followed that trend. And what better insight to see when the steam is getting out. You noticed on that chart those big candles and how they move to smaller candles before changing the trend//Or getting those indecisive candles with kind of even wig's up and down/ or the ones that don't have that wig anymore.
What now to just follow those signals to get out of the trade and you jump back in when having the color change and the wig .
No crazy patterns, no crazy theories, but just simply looking at the price movement without the noise.
If you just did the math, what would your ratio win/loss be
You can follow it on smaller frames easily, but keep in mind that there is some lag and you won't be able to play very sharp price movements.
Disclaimer disclaimer disclaimer
(just seeing a lot of guy's posting that :)))!!!
If you like this, please like and I will add many more other little tricks I use. If you guy's out there have also nice tricks/strategies please share. We are all on the same boat and we never stop learning!!!
Happy Sunday trading!!