Heikin Ashi chart on the 1hr with a daily framework of open close high low. This is a new idea that the area between the open and close of the daily HA candle provides an average zone. I want to stay in trend with the daily HA candle so my position is short. My entry is at or in the average price zone and my stop loss can be at the high or top of the average price zone. My target obviously is the last low. This is an unproven strategy so I would watch and not trade this idea.
Comments
kate25
⋅
This is the euro with the daily framework
kate25
⋅
with real candles same chart
JamesPowell
⋅
I like it and will follow along
kate25
⋅
Hey James. I lost this daily but I'm going to put another up with the new daily candle
QuileHills
⋅
Interesting. I happen to also be short NZDUSD from further up through my system.
NZD can be a bit of a pest though so don't be too discouraged from trying this strategy out on other pairs if the testing doesn't go so well on this pair.
kate25
⋅
this is a 4hr tf where price is showing as going up. Ill leave the 4hr framework and lower the tf
kate25
⋅
If price is bullish on the 4hr tf then we do not want to see price start breaking the bottom of that average zone in yellow