XLM/USDT 1H Candle | Trading w/ Heikin Ashi Candle Strategy #BTC
***Education: How my last 24 hours of trades went***
Check out the chart with my notes on how my trades went over the last 24hrs with XLM. Although, I totaled profit of 8.5% total, I could of earned 3.7% more had I followed the strict rules.
-1st trade was perfect.
-2nd trade ended with a loss. I didn't set a stop loss and XLM tanked hard
-3rd trade ended with profit but not optimal profits. I was at Walmart when I notice XLM spiking. I sold at the initial top. of course it corrected and went on another leg up. I have Tradingview on my phone but dismissed it and used binance charts to sell. Ouch. Lesson Learned.
Thank you. Please share your thoughts, like, & star. To learn how to become a trend trading Heikin Ashi Style Warrior, see links and experience 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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***My thoughts while learning this trading style***
- Using bigger time frames cuts out all the buy/sell 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 on all Alt coins as well. Keep in mind though that alts tend to follow Bitcoins movements. Patience is key
- 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
- Website to learn: tradingstrategyguide...eiken-ashi-strategy/
Check out the chart with my notes on how my trades went over the last 24hrs with XLM. Although, I totaled profit of 8.5% total, I could of earned 3.7% more had I followed the strict rules.
-1st trade was perfect.
-2nd trade ended with a loss. I didn't set a stop loss and XLM tanked hard
-3rd trade ended with profit but not optimal profits. I was at Walmart when I notice XLM spiking. I sold at the initial top. of course it corrected and went on another leg up. I have Tradingview on my phone but dismissed it and used binance charts to sell. Ouch. Lesson Learned.
Thank you. Please share your thoughts, like, & star. To learn how to become a trend trading Heikin Ashi Style Warrior, see links and experience 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.
----------------------------------------------------------------------------------------------------------------------------------------------------------------
***My thoughts while learning this trading style***
- Using bigger time frames cuts out all the buy/sell 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 on all Alt coins as well. Keep in mind though that alts tend to follow Bitcoins movements. Patience is key
- 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
