足平健 (Heiken Ashi)

Hi This method derives from a trader you either love or hate ..personally my mind is always open and as a good trader friend of mine in South Africa is trading using his black box system and making very nice gains albeit you have to use good money manegment I thought Id take a look my self.

2 nice advantages about this way of trading

1 indicator only so a nice clean chart
Mechanical entry criteria

From what ive seen can be used on nay time scale although Im looking to use it for daily end of day trading across a dozen pairs.

Open a weekly chart and a daily chart on any pair and put the Heiken Ashi smoothed indicator on both.

Look at you weekly if the trend is up so blue bars go to your daily and wait for the bars to go from blue to red which indicates a retracement then go long when

A - The HA goes blue again
B - We have a down bar

With the weekly trnd in place ie HA blue I personaly want a great entry I get this on longs by going long on a down bar with the weekly trend in place im not too worried...I certainly dont want to go long on an up bar only to see a 75% retracement the folloing day which happens suprisingly alot.

Target is up to you I tend to go for 5 day average true range or if long the 1st red HA bar.My stop is often the last swing low

here are a few pics to show entry

All on the EURCHF I have shown..

1day 1week chart
1hr 4hr chart
and last 3 signals on the daily chart notice the daily signals are all taken on ..

Shorts on long bar
Longs on down bar

have fun

Paulus