The market continues in the original trend or direction for another 150 pips! I should have stayed in that trail free forex signal trade!
This is so frustrating and it happens to all traders. So how do you solve this or have something tell you not to get out but stay in that trade? Heikin Ashi Candlestick to the rescue! Each candlestick that is formed after has not relationship with the one the formed previously. Which means each candlestick that is formed on the heikin ashi chart is related to the previous one before it-therefore it causes the heikin ashi to delay-just like a moving average indicator. Heikin Ashi candlestick charts are used in the same manner as a normal candlesticks. In other words, it avoids the noise.
In summary: heikin ashi candlestick chart patterns allow you to stay with the overall trend by allowing your to avoid the noise or the minor fluctuations of price that is prevalent in a standard candlestick chart! When 9ema crosses 18ema to the upside wait for the price to rally away from the ema lines. After a while, you will see bearish heikin ashi candlestick form and they will come down to touch the 9ema and 18ema lines. The buy signal entry candlestick is the first bullish heikin ashi candlestick that forms after those bearish candlesticks in step2. 9ema crosses 18ema to the downside, wait for price to fall down and completely away from the ema lines. Once this happens, you know a sell trading signal may be just around the corner. The buy sell signal is given by the first bearish heikin ashi candlestick that forms after that those bullish candlesticks in step 2.
Those tops are the price peaks that form as market moves lower. Simple: so that you don’t get stopped out prematurely. Note: you have to be using the standard candlestick chart and NOT the heikin ashsi to do this. I hope you find this forex trading strategy useful or you can find other ways by using other forex indicators to combine with and create your own forex trading system.
You can leave a response, or trackback from your own site. Have a recommendation how to automate this beauty? This is really great, could you let us know , what time can we take if we want to have the same strategy but below 30m Time Frame. The market continues in the original trend or direction for another 150 pips! I should have stayed in that freaking trade! This is so frustrating and it happens to all traders.