Mastering Market Trends: An Introduction to Heikin Ashi CandlesHeikin Ashi candles, originating from Japan, are a distinct type of candlestick chart used in technical analysis to identify market trends. The term "Heikin Ashi" translates to "average bar" in Japanese, which reflects their method of calculation
This video explains Heikin Ashi candles and how they can be used to improve entrances and exits.
Trendfollowing
Confirming Trends with the Lower Time Frames NZD/USD ExampleHey Guys!
As you guys know, for the past 2 weeks I've been taking multiple trades on the Nzd/usd, both short and long.
First I was taking short trades with the daily short bias, then long trades along with the bias change into long on the daily chart.
In this video, I explain how I knew the daily bias has changed into long thus aborted my initial short entry and began entering long trades.
These lower confirmation tactics play a huge role in my trading, and even if you don't trade with price action, it can be a great addition to your current strategy.
I hope it helps!
Have a great day guys!
Ken
Micro-trend exploitationI share a lessons learned with small time frame trend exploitation. Note that not because it's a small timeframe means it's insignificant. Small trends run for many hours and can accrue hundreds of points, as I show.
This methodology is specifically about trend following. It requires practice preferably on demo or paper accounts, in order to acquire skill.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Dual trend exploitationI've not seen this sort of stuff before on Tradingview, so I do apologise if everybody knows about it.
I show how I used both a microtrend change on a 15 min time frame and a macrotrend position to get a suitable entry position on Japan225. Note carefully, that this is not a 'win'. I totally expect to lose but if that happens the loss will be minimal. If however the trend moves in my favour, I shall simply follow it without need of a target or predefined get-out point. In this way I do not need to 'predict' anything.
Psychological trading hack #0003 - finding your true friendIs finding your 'true friend' a psychological issue? Absolutely! We normally think of 'friends' as people - and that can be something of a mistake (based on personal experience), as I explain.
Your true friend in trading is right there hidden in the backdrop behind the candles - and that's why you see no candles in the screencast.
So I'm saying, find the tools and the methods which will lead to finding the real true friend. Then let your true friend help you.
AUDJPY - a different wayIn this screencast I show a different way of tackling the markets. This is about trend-following which is a pretty difficult methodology - but it is the most powerful and potentially rewarding.
I show how I made a decision to short.
I am not promoting my own methodology. I encourage all new and seasoned traders to explore different methodologies to find what works best for them.
I briefly mention EBTA but I'm anxious about providing a reference. EBTA is not a service or a broker. It is the result of scientific analysis undertaken around 2007, of some 6400 rules used by traders. The outcomes probably explain why roughly 80% of all trading accounts lose money consistently. Those who wish to discuss can message me (I'm selling nothing).