Author: misamaliraza94
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How to Trade Using Heikin Ashi
How do you trade Heikin Ashi? As mentioned in a previous lesson, using a Heikin Ashi chart makes trends easier to identify. Heikin Ashi allows traders to look for the emergence of new trends or for the reversal of already existing trends. Here are five basic ways to use Heikin Ashi charts in your trading. 1. Green candlesticks signal an uptrend.…
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How to Use a Heikin Ashi Chart
How do you use Heikin Ashi? Now that you’ve learned how to calculate Heikin Ashi candlesticks, let’s discuss how to use and read a Heikin Ashi candlestick chart. The idea behind using a Heikin Ashi chart is that it filters market noise. And since noise is filtered, you basically see the naked trend. Because the Heikin Ashi candlesticks…
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How to Calculate Heikin Ashi
How do you calculate Heikin Ashi? Let’s learn how Heikin Ashi candlesticks are calculated and plotted on a chart. Like we mentioned in the previous lesson, to a noob’s eye, they may look like regular candlesticks but they….are….not. It’s kind of like being able to tell the difference between a wolf and a dog. Looks cute and…
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Heikin Ashi Candlestick Chart vs. Traditional Japanese Candlestick Chart
How is Heikin Ashi different from a typical candlestick? Let’s learn the difference between a Heikin Ashi candlestick versus a traditional Japanese candlestick chart. A picture is worth a thousand pips so let’s look at some actual charts. First, here’s a traditional Japanese chart of GBP/JPY on the daily (1D) timeframe: Here’s the same GBP/JPY displayed with a Heikin Ashi candlestick chart:…
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What is Heikin Ashi?
Heikin Ashi? You’re probably familiar with the three popular chart types: line chart, bar chart, and the candlestick chart. But there’s another type of chart that you should know about that uses a totally different technique to display price action. The Heikin Ashi. Like the beer? Umm nope. Let’s focus now. We’re NOT talking about beer here! We’re talking about…
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Summary: Pivot Points
Here are some easy-to-memorize tips that will help you to make smart pivot point trading decisions: Pivot points are a technique used by forex traders to help determine potential support and resistance areas. There are four main ways to calculate for pivot points: Standard Woodie Camarilla Fibonacci. Pivots can be extremely useful in forex since…
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Know the 3 Other Types of Pivot Points
The standard method of calculating pivot points is NOT the only way to calculate pivot points. Just like listening to BTS is not the only way to listen to K-pop. (Blinks! Annyeonghaseyo!) Traders have worked on improving the original pivot point and now there are other ways to calculate for pivot points. In this lesson,…
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How to Use Pivot Points to Measure Market Sentiment
There is one other way to incorporate pivot points into your forex trading strategy, and that’s to use it to gauge market sentiment. What this means is that you can tell whether traders are more inclined to buy or sell the currency pair. All you would need to do is to keep an eye on the pivot…
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How to Use Pivot Points to Trade Breakouts
Just like your normal support and resistance levels, pivot point levels won’t hold forever. Using pivot points for range trading will work, but not all the time. In those times that these levels fail to hold, you should have some tools ready in your forex toolbox to take advantage of the situation! As we showed you…
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How to Use Pivot Points for Range Trading
The simplest way to use pivot point levels in your forex trading is to use them just like your regular support and resistance levels. Just like good ole support and resistance, the price will test the levels repeatedly. The more times a currency pair touches a pivot level then reverses, the stronger the level is. Actually, “pivoting” simply…