Coppock Indicator, your ticket to trend reversal detection Pivot Point Trading, something for you?
Mar 09

Depending on the time frame you’re trading in, normal candle stick charts can be a bit confusing.  Does the market trend or not?  If you need a tool to discern trends more clearly, why not give Heiken-Ashi charts a spin?

Heiken-Ashi versus Candle Stick Chart

This shows an excerpt from a mid-November day of the 2009/12 FGBL future contract.  The upper chart is a normal candle stick chart, the lower chart shows the Heiken-Ashi candles.  Which of the two would you say is the easiest to trade?

Please note though that since the Heiken-Ashi chart modifies normal candles to show a smoothed price action chart, this inevitably means that what you’re looking at is somewhat synthetic, i.e. it’s not showing quite the real price action.

I suggest you give Heiken-Ashi charts a spin, do some trading with them on your demo account and then make up your own mind!

Enjoy!

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • bodytext
  • Bumpzee
  • del.icio.us
  • Facebook
  • Furl
  • Mixx
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google
  • Blogosphere News
  • Propeller
  • Technorati
  • TwitThis
  • BlinkList
  • blogmarks
  • BlogMemes
  • E-mail this story to a friend!
  • feedmelinks
  • Live
  • MisterWong
  • Slashdot


Leave a Reply

You must be logged in to post a comment.