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in today's video we will talk about the
hiking ashy trading strategy
this hiking ashy forex trading system is
a trading system that allows you to stay
in with the trend
how i will explain shortly
have you ever closed a trade thinking
that the market is going to move in the
other direction only to find out later
that it was just a trick just to make
you panic and you bail out quickly
and guess what happens next the market
continues in the original trend or
direction for another 150 pips for
example
you are now left scratching your head
saying why did i get out
i should have stayed in that freaking
trade this is so frustrating and it
happens to all traders
so how do you solve this well
here is hiking ashy trading strategy to
the rescue
what are hikan ashi candlesticks the
haiken-ashi candlestick chart looks like
the real candlestick chart but there's a
difference
one in a candlestick chart each
candlestick has for different prices
which are
open high low and close each candlestick
that is formed after has not
relationship with the one the form
previously
two but with hiking ashy candlestick
each candlestick is calculated using
some information from the previous
candlestick
if you want to know more here is a brief
detail of how the hiking ashy
candlesticks calculated and plotted
open price equals average of the open
and close of the previous candlestick
high price equals is chosen from the one
of the high open and closed price of
which has the highest value
low price equals is chosen from the one
of the high open and closed
price which has the lowest value close
price equals is the average of the open
close high and low prices which means
each candlestick that is formed on the
hiking ashy chart is related to the
previous one before it therefore it
causes the hiking ashy to delay just
like a moving average indicator
trading use of hiking ashi hiking ashy
candlestick charts are used in the same
manner as a normal candlesticks
however there is an additional feature
of hiking ashy that makes them different
from standard candlestick charts and it
is this
the color of the hiking ashy candlestick
is supposed to indicate the overall
trend direction of the market
which means it ignores the intermediate
trend direction which is happening
in other words it avoids the noise in
conclusion hiking ashy candlestick chart
patterns allow you to stay with the
overall trend by allowing you to avoid
the noise or the minor fluctuations of
price that is prevalent in a standard
candlestick chart
that's all there is for you to know
about hiking ashy candlestick charts
settings for hiking ashy trading
strategy time frames use 30 minutes and
upwards
forex indicators use 9 and 18
exponential moving averages or you can
also use this combination of exponential
moving averages
7 and 14 10 and 20 or 10 and 25
exponential moving averages
in this video i am trying to use nine
and eighteen exponential moving averages
by trading rules one when nine
exponential moving averages crosses
eighteen exponential moving averages to
the upside weight for the price to rally
away from the exponential moving
averages lines
two after a while you will see bearish
hiking ashy candlestick form and they
will come down to touch the nine
exponential moving averages and eighteen
exponential moving averages lines
three the by signal entry candlestick is
the first bullish hiking ashy
candlestick that forms after those
bearish candlesticks in step two
for you can buy immediately at market
order
five place your stop loss below the low
of the entry signal candlestick
sell trading rules it's just the exact
opposite for buying
one when nine exponential moving
averages crosses 18 exponential moving
averages to the downside
wait for price to fall down and
completely away from the emma lines two
after a while you will see bullish
hiking ashy candlesticks form and will
try to go back up to touch the emma
lines
once this happens you know a cell
trading signal may be just around the
corner
three the by cell signal is given by the
first bearish hiking ashy candlestick
that forms after that those bullish
candlesticks in step two
for sell at market order five place your
stop loss above the high of the entry
signal candlesticks
take profit targets one three times what
you risked initially
two or look for a previous high or swing
lows point using the standard
candlestick chart and place your profit
target within them
trade management the best trade
management practice for extracting
maximum pips out of a trendy move is to
use those tops and bottoms to trail stop
your trades
thanks for watching hope you guys have
enjoyed the video and please don't
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channel i'll see you in the next video
you