I have noticed that I have been missing entries just by a few pips due to high x placement. Heiken ashi shows changes in momentum much better that regular candle sticks. for a while I have been testing this strategy. Namely to chose the first candle with opposing color as a start for my X to A. I don't yet have enough data yet to prove that it is always better, but I am missing way less entries. How do you think about it?
i must test it.if it works for you it's fine.how you place your stop loss?i use ATR for my stops.many times the price exceed the x point and then returns and hit my targets.i n this trade i had my entry @102.150 and my stop @102.338. i just stopped out before the price returns.that's ok the most of the time it works for me.so no problem with that.