Heiken Ashi Trading Technique Ebook Download PATCHED
Heiken Ashi Trading Technique Ebook Download
If you are looking for a way to improve your trading performance and reduce market noise, you may want to consider the Heiken Ashi trading technique. This is a candlestick-based trading method that involves using a modified formula to create a smoother and clearer chart that highlights the trend direction better than typical candlestick charts.
Heiken Ashi Trading Technique Ebook Download
What is Heiken Ashi?
Heiken Ashi means "average bar" in Japanese. It was developed by Munehisa Homma in the 1700s as a way to analyze the rice market. The Heiken Ashi technique uses a different formula than the standard candlestick chart to calculate each bar. Instead of using the open, high, low, and close of the current period, it uses the average price of the current period and the midpoint of the previous period. This results in a chart that filters out some of the market noise and shows the dominant trend more clearly.
How to Read Heiken Ashi Charts?
Heiken Ashi charts are constructed like regular candlestick charts, except they have different colors and shapes. The up days are represented by hollow or white candles, while the down days are represented by filled or red candles. The candles also have upper and lower shadows that indicate the price range of the period.
There are five main signals that traders can use to identify trends and reversals on Heiken Ashi charts:
Strong uptrend: When there are several consecutive hollow candles with no lower shadows, it indicates a strong buying pressure and a rising trend.
Strong downtrend: When there are several consecutive filled candles with no upper shadows, it indicates a strong selling pressure and a falling trend.
Weakening uptrend: When there are hollow candles with lower shadows, it indicates that the buyers are losing momentum and the trend may reverse soon.
Weakening downtrend: When there are filled candles with upper shadows, it indicates that the sellers are losing momentum and the trend may reverse soon.
Trend reversal: When there is a change in the color and shape of the candles, it indicates that the trend has changed direction. For example, when a filled candle is followed by a hollow candle, it signals a bullish reversal. When a hollow candle is followed by a filled candle, it signals a bearish reversal.
How to Use Heiken Ashi for Trading?
Heiken Ashi charts can be used for trading any market, such as stocks, forex, commodities, or cryptocurrencies. The main idea is to follow the trend and enter or exit trades based on the signals provided by the Heiken Ashi candles. Here are some general guidelines for using Heiken Ashi for trading:
Identify the trend: Look at the color and shape of the Heiken Ashi candles to determine whether the market is in an uptrend, downtrend, or sideways movement. You can also use other indicators, such as moving averages, to confirm the trend direction.
Enter a trade: Once you have identified the trend, look for an entry point that aligns with the trend. For example, if the market is in an uptrend, you can look for a bullish reversal signal after a pullback or consolidation. A bullish reversal signal is when a filled candle is followed by a hollow candle that opens and closes above the previous candle. Similarly, if the market is in a downtrend, you can look for a bearish reversal signal after a rally or consolidation. A bearish reversal signal is when a hollow candle is followed by a filled candle that opens and closes below the previous candle.
Exit a trade: Once you have entered a trade, you need to decide when to exit and take your profits or losses. You can use various methods to set your stop-loss and take-profit levels, such as support and resistance levels, Fibonacci retracements, or trailing stops. You can also use the Heiken Ashi candles to exit your trade when they indicate a weakening or reversal of the trend. For example, if you are in a long trade, you can exit when you see filled candles with upper shadows that suggest selling pressure. If you are in a short trade, you can exit when you see hollow candles with lower shadows that suggest buying pressure.
Advantages of Using Heiken Ashi Trading Strategies
Heiken Ashi trading strategies have some advantages over other trading methods, such as:
Reducing market noise: Heiken Ashi charts smooth out some of the price fluctuations and show the average price movement over time. This can help traders focus on the main trend and ignore minor fluctuations that may cause false signals.
Enhancing trend identification: Heiken Ashi charts make it easier to spot and follow trends by using different colors and shapes for up and down days. Traders can quickly see whether the market is in an uptrend or downtrend by looking at the color of the candles. They can also see whether the trend is strong or weak by looking at the shape of the candles.
Improving trading discipline: Heiken Ashi charts can help traders stick to their trading plan and avoid emotional decisions. By following the signals provided by the Heiken Ashi candles, traders can avoid overtrading or chasing the market. They can also avoid exiting trades too early or too late by using clear rules for entry and exit.
Where to Download Heiken Ashi Trading Technique Ebook?
If you are interested in learning more about the Heiken Ashi trading technique and how to apply it to your own trading, you may want to download a Heiken Ashi trading technique ebook. There are many ebooks available online that can teach you the basics and advanced concepts of Heiken Ashi trading. Some of them are free, while others require a payment or a subscription.
Here are some examples of Heiken Ashi trading technique ebooks that you can download:
Heikin-Ashi: How to Trade without Candlestick Patterns: This ebook by Dan Valcu is one of the most comprehensive and authoritative guides on Heikin-Ashi trading. It covers the history, theory, calculation, interpretation, and application of Heikin-Ashi charts. It also provides practical examples and strategies for different markets and time frames. You can download this ebook from Educated Analyst for $19.95.
Heiken Ashi Trading Strategy (2023 Guide & Examples): This ebook by Justin Freeman is a free guide that explains the basics of Heiken Ashi trading and how to use it for trend identification and trading. It also provides real-life trade examples and tips on how to use Heiken Ashi with other indicators and strategies. You can download this ebook from Ask Traders for free.
Heiken Ashi Strategy Japanese Samurai Art: This ebook by Trading Strategy Guides is a free guide that teaches you how to use the Heiken Ashi technique to trade like a Samurai warrior. It shows you how to use Heiken Ashi charts to reduce market noise, enhance trend identification, and improve trading discipline. It also gives you a simple and effective Heiken Ashi trading strategy that you can use in any market. You can download this ebook from Trading Strategy Guides for free.
How to Use Heiken Ashi for Scalping?
Scalping is a trading style that involves taking small profits from frequent trades in a short period of time. Scalpers usually trade on lower time frames, such as 1-minute or 5-minute charts, and use technical indicators and price action to identify trading opportunities. Scalping requires a high level of concentration, discipline, and risk management.
Heiken Ashi charts can be used for scalping as they can help scalpers to identify the trend direction, strength, and reversal signals. Heiken Ashi charts can also reduce the noise and distractions caused by minor price fluctuations and show the average price movement over time.
There are many Heiken Ashi scalping strategies that can be used by traders. One example is the Heiken Ashi Kuskus Scalping Strategy, which is described below:
Time frame: 15-minute chart
Indicators: Heiken Ashi, Kuskus Starlight indicator (a custom indicator that shows overbought and oversold levels), Bollinger Bands (20, 2), and Stochastic oscillator (5, 3, 3)
Currency pairs: All major pairs and indices
Trading sessions: London and New York sessions
Buy entry rules: Wait for the following conditions to be met:
The Heiken Ashi candles are green and above the middle band of the Bollinger Bands.
The Kuskus Starlight indicator shows blue dots below the price.
The Stochastic oscillator crosses above the 20 level from below.
Sell entry rules: Wait for the following conditions to be met:
The Heiken Ashi candles are red and below the middle band of the Bollinger Bands.
The Kuskus Starlight indicator shows red dots above the price.
The Stochastic oscillator crosses below the 80 level from above.
Exit rules: Close the trade when one of the following conditions occurs:
The Heiken Ashi candles change color or touch the opposite band of the Bollinger Bands.
The Kuskus Starlight indicator shows the opposite color dots.
The Stochastic oscillator reaches the overbought or oversold level.
Stop loss: Place the stop loss below the low of the previous Heiken Ashi candle for a buy trade or above the high of the previous Heiken Ashi candle for a sell trade.
Take profit: Use a fixed risk-reward ratio of 1:1 or 1:2 or trail the stop loss behind the Heiken Ashi candles or the middle band of the Bollinger Bands.
The Heiken Ashi trading technique is a powerful and effective way to analyze and trade the markets. It can help traders to reduce market noise, identify trends and reversals, and improve trading discipline. The Heiken Ashi charts can be used alone or in combination with other indicators and strategies. The Heiken Ashi trading technique can be applied to any market and time frame, depending on the trader's preference and style. Whether you are a scalper, a swing trader, or a trend follower, you can benefit from using the Heiken Ashi technique to enhance your trading performance.
If you want to learn more about the Heiken Ashi trading technique and how to use it in your own trading, you can download one of the Heiken Ashi trading technique ebooks that we have recommended in this article. These ebooks will provide you with more details, examples, and tips on how to use the Heiken Ashi charts effectively. You can also practice this technique on a demo account before using it on a live account. Remember to always use proper risk management and follow your trading plan.
We hope that this article has been helpful and informative for you. If you have any questions or feedback, please feel free to leave a comment below. Happy trading! d282676c82