How To Trade Using Heiken Ashi Charts (Heikin Ashi) – Part 1
This video on Heiken Ashi is Part 1 of 3 part video series on Heiken Ashi Trading Strategy. Heikin Ashi is of Japanese origin and is now widely used as a Trading method in Technical Analysis. There are many Trading strategy that one can implement through Heiken Ashi and I will be covering these in subsequent parts.
I have begun this video by explaining basics of Heiken Ashi Charts. I have covered how Heikin Ashi helps Trader to visualize Trend better. I have also given out some free resources to Heiken Ashi Charts.
Once I have explained how Heiken Ashi candlesticks are calculated, I then move to explaining various types of Heiken Ashi Candlesticks and their relevance. I have also given out 5 Rules for Heiken Ashi Trading.
Once I have finished with rules, I have explained how heiken ashi is useful in trading candlestick patterns. Heiken Ashi is also very useful when one wants to combine it with moving averages or when one wants to analyze long term trend in a Stock.
All these applications of Heiken Ashi will covered in Part 2 & Part 3.