Stocks & Commodities V. 26:12 (50-57): Trading With The Heikin-Ashi Candlestick Oscillator by Sylvain Vervoort
Product Description
Trading With The Heikin-Ashi Candlestick Oscillator by Sylvain Vervoort
This visual tool complements candlesticks that will help you enter and exit trades, resulting in higher profits per trade.
Analyzing a candlestick chart gives a good idea of what is going on in the market. Candlestick patterns, resistance or support from price pivots, rising or falling windows, and the use of trendlines are all excellent technical trading tools. But initiating a trade and deciding when to close it, candle after candle, remains a difficult task. It would be nice to have a complementary visual aid when looking at a candle chart.
Figure 1, a daily chart for Ford Motor Co., uses an expert function for color-coding the candlesticks. On November 21, 2006, the price falls through the uptrend line after a number of green candles. This means its time to close any long position and open a new short position. As long as there are red candles, we will keep the short trade open. On December 20, 2006, there is a new green candle. Drawing a downtrend line up to this point, we see that it is broken to the upside. Its time to close the short position and open a new long position.
This visual tool complements candlesticks that will help you enter and exit trades, resulting in higher profits per trade.
Analyzing a candlestick chart gives a good idea of what is going on in the market. Candlestick patterns, resistance or support from price pivots, rising or falling windows, and the use of trendlines are all excellent technical trading tools. But initiating a trade and deciding when to close it, candle after candle, remains a difficult task. It would be nice to have a complementary visual aid when looking at a candle chart.
Figure 1, a daily chart for Ford Motor Co., uses an expert function for color-coding the candlesticks. On November 21, 2006, the price falls through the uptrend line after a number of green candles. This means its time to close any long position and open a new short position. As long as there are red candles, we will keep the short trade open. On December 20, 2006, there is a new green candle. Drawing a downtrend line up to this point, we see that it is broken to the upside. Its time to close the short position and open a new long position.
FOR THOSE ORDERING ARTICLES SEPARATELY:
*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at store.traders.com users can view the S&C Digital Edition in the subscriber's section on Traders.com.
| Take Control of Your Trading. |
| Professional Traders' Starter Kit |
| All these items shown below only $299.99! |
| Click Here to Order |