Heikin Ashi Scalping Strategy — Transcript

Full transcript

1. 0:00a lot of you guys are still struggling
2. 0:01to find that perfect entry to get into
3. 0:04every single one of your trades so in
4. 0:06this video i'm gonna teach you guys how
5. 0:08to use hike and ashy candles for trend
6. 0:10continuation trades as well as trend
7. 0:13reversal trades
8. 0:15[Music]
9. 0:20welcome back to the channel everybody my
10. 0:22name's artie and this is the moving
11. 0:23average a show where we discuss
12. 0:25everything day trading to keep you
13. 0:26profitable on a consistent basis so if
14. 0:28you guys watched my previous video about
15. 0:30using hike and ashy candles for swing
16. 0:32trading you know the concept behind this
17. 0:35now i've incorporated hiking ashy
18. 0:38candles into a scalping strategy that's
19. 0:41like not you know the three minute scalp
20. 0:43but enough to get you a decent move
21. 0:45let's jump into the charts i'm going to
22. 0:46show you exactly what i'm talking about
23. 0:48okay so if you are unfamiliar with
24. 0:50hiking ashy candles they are completely
25. 0:52different than the traditional japanese
26. 0:54candlestick you can see that they start
27. 0:57halfway through the previous candle so
28. 0:59as the candle closes up here and then
29. 1:01jumps back here it confuses a lot of
30. 1:04people and it confused me a lot at first
31. 1:07but i have a way to think about hiking
32. 1:09ashy candles where you don't have to do
33. 1:11that as per this graphic right here the
34. 1:13close of a hike and ashy candle is a
35. 1:15quarter of the open high low and close
36. 1:19and the high is the maximum of the high
37. 1:21open or close and the low is the minimum
38. 1:24of the low open or close and the open is
39. 1:26half of the open of the previous plus
40. 1:29the close of the previous what i'm more
41. 1:31concerned with the hike and ashy candles
42. 1:33is having a nice smooth move up as we
43. 1:36start getting smaller candles and then
44. 1:38we get a no
45. 1:40wick candle that is your signal to get
46. 1:43ready to enter so the first thing that
47. 1:45you need to do is change your charts
48. 1:48from normal japanese candlesticks right
49. 1:51here to hike and ashy candlesticks what
50. 1:53you can also do is add a 50 period
51. 1:56moving average whether it's exponential
52. 1:58or smoothed it does not matter it's
53. 2:01whatever your preference is just to give
54. 2:03you a basic indication of what the trend
55. 2:05is as you can see the line is going down
56. 2:07we are in a downtrend we should be
57. 2:09looking for short positions i'm going to
58. 2:11give you two examples of short positions
59. 2:13which are trend continuation trades and
60. 2:15one that is a trend reversal trade so as
61. 2:18price crossed through the 50 and
62. 2:19rejected off of the 50 we are looking
63. 2:22for that first no wick candle to form
64. 2:25once it is formed on the open of the
65. 2:28next candle you enter your position pull
66. 2:30up your mt4 and click sell or buy
67. 2:33whatever way you're going then what i
68. 2:34suggest doing is switching back to
69. 2:36traditional japanese candlesticks to
70. 2:39find your take profit as well as your
71. 2:41stop loss so once we get the japanese
72. 2:43candles up here you can see the
73. 2:45rejection off of the 50. what i want you
74. 2:47to do is target that 50 as your stop
75. 2:50loss and your take profit is going to be
76. 2:53just look left find that previous swing
77. 2:56your take profit level should be right
78. 2:58where the price has crossed the most not
79. 3:00at the absolute edge of it and with this
80. 3:03one trade on a 15 minute time frame
81. 3:05that's 160 points with a 46 point stop
82. 3:09loss set your trade and leave it don't
83. 3:12look at it especially if you're one of
84. 3:13those people that can't stare at an open
85. 3:16trade without getting massive amounts of
86. 3:18anxiety then once you switch back to the
87. 3:20hike and ashy candles usually your move
88. 3:22will happen all in one solid color of
89. 3:26height and ash it'll all be red or it'll
90. 3:28all be green depending on the direction
91. 3:29you're going so with trend continuation
92. 3:32trades you can basically take any time
93. 3:35that it rejects off of the 50 as long as
94. 3:38there was no big divergence beforehand
95. 3:41so again you could have taken this move
96. 3:42right here and then this one right here
97. 3:45you wait for the first no wick bullish
98. 3:48candle to form and then you get in on
99. 3:50the next one adjusting your stop loss
100. 3:53and take profit with what you see on a
101. 3:55normal japanese candlestick and simply
102. 3:57just target the previous swing low if
103. 4:00you feel really confident in that
104. 4:02momentum move what you can also do is
105. 4:04close 80 to 90 percent of your trade at
106. 4:07your first take profit level and then
107. 4:09basically trailing stop loss the rest
108. 4:12until you start seeing the opposite
109. 4:13color being formed which you saw right
110. 4:15here now when it comes to trend reversal
111. 4:17trades what i want you guys to look for
112. 4:20is a break and a retest of a trend line
113. 4:23breaking the trend line coming down to
114. 4:25retest and again this is scalping not
115. 4:28expecting a full-blown trend reversal to
116. 4:30the moon what you're just gonna do
117. 4:33is catch the retest of that trend line
118. 4:37and get the move up to the 50 because
119. 4:40you're not sure if it's going to go past
120. 4:42it but you know it should go to it and
121. 4:45the trend might continue rejecting off
122. 4:47of it so if that move is big enough for
123. 4:49example this break of the trend line and
124. 4:51the 50 was too small this one is too
125. 4:54small but this one had a nice decent
126. 4:57move in it so again you wait for the
127. 4:58first no-wick candle get in on the next
128. 5:01one switch it back to japanese
129. 5:03candlesticks set your stop loss on that
130. 5:06trend line and your take profit is going
131. 5:08to be the
132. 5:0964 point stop loss
133. 5:11177 point take profit i'm gonna allow
134. 5:14you guys to do your own research on this
135. 5:15one because i really don't want to make
136. 5:17a 45 minute video on how hike and ashy
137. 5:20candles work but the reason i wanted to
138. 5:22make this video is because if you look
139. 5:24at hike and ashy candles and you see a
140. 5:26no-wick candle that is a change of
141. 5:28momentum that is how they are structured
142. 5:30that is why hike and ashy candles work
143. 5:32so well at swing trading and it gives
144. 5:35you that one definitive point like hey
145. 5:37this is where i'm getting in not just
146. 5:39speculating on different candlestick
147. 5:41patterns and shapes that you might see
148. 5:43that is a definitive one candle hey this
149. 5:46is your entry now if you guys have not
150. 5:48already and you want to try swing
151. 5:50trading check out this video that i made
152. 5:52on hike and ashy candles and swing
153. 5:53trading and if you guys enjoyed this
154. 5:55video and you learned something new make
155. 5:56sure you're dropping a like on these
156. 5:58videos and subscribe to the channel if
157. 6:00you have not already thanks so much for
158. 6:01watching and we'll see you in the next
159. 6:02video