Heikin-ashi

Thread by @IchimokuScholar

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So many tutorials get this wrong.

So let me tell you how Heikin-ashi candles are supposed to be used.

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Incorrect — Buying and selling colour flips indiscriminately.

Correct — HA candles can be used to give confirmed entries around levels of interest e.g. SR, Fibs, Moku levels etc…

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b) Incorrect — Buy green candles sell red candles
Correct — A green candle at a level is a signal to go long trades are taken with stop orders only when prices exceeds the wick of the signal candle. e.g

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b) Profits are taken when price exceeds the wick of a counter trend signal candle e.g

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Summary example showing long entry opportunities during trend and where to take profits.

You MUST use trade HA candles in the direction of trend.
In an uptrend broken red candles are signals to take profit NOT to short, and vice versa.

6- Application to new listings

Example a) — WAN/BTC

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Example b) — ADA/BTC

This forms the basis for my new listings strategy… I add a little secret sauce to screen entries 😉

25 not 26…. Please no one correct my maths…. i know i have rounded liberally…