A strong doji has formed after a retrace signifying that this retrace is coming to an end. The price has already started to move up since the doji.
Stochastic has just re-entered as well after being oversold.
Enjin coin has been on a massive bull run recently. The price has started to form the Heikin-Ashi system and the strong doji that has formed indicates a downtrend is imminent. Buy to cover at around 1.53
Here is a good example of the Heikin-Ashi system in action in a forex market
Always watch for the main signals to enter or sell: donchian, stochastic, heikin-ashi doji, CMF
This trade as shown worked well, always make sure that each signal has been ‘ticked’ before entering or selling.
Live trade ideas coming soon!
This is the final example of the day on knowing when to take profit and also timing a short with Heikin-Ashi.
Very simple strategy that works very well if followed properly.
Previous posts explain in detail.
In this idea you are shown when the uptrend is showing signs of weakness and when it’s a good time to take your profits before the trend change. It can also be a good place to short a market.
Indicator 1= stochastic is overbought and ready to head down
Indicator 2= Price has hit upper band of donchian channel
Indicator 3= CMF heading back towards 0...
Here is another example following on from my first post. Another indicator that’s important is when the CMF is below the 0 line and starts to turn towards the 0 line. this is a sign of strength and a sign that the weakness in the market(downtrend) is coming to an end. The change comes at the exact point of the Heikin-Ashi doji which means that this is a strong...
This is my main heikin-ashi system.
Heikin-Ashi is a Japanese indicator that means ‘average bar’
Its main purpose is to show the general trend and the strength of each trend, it also gives clues to when a trend change may happen. Heikin-Ashi is a powerful tool that can be used in swing trading to make big profits!
The following is a simple but very useful...