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Heikin Ashi Trader: How To Read Candlesticks (full-time trader)
In episode 312 of the Desire To Trade Podcast, I sit down with Michael Toma, a Heikin Ashi trader who shares how to use Heikin Ashi candlesticks in any market. You'll learn how to read Heikin Ashi and what Heiken Ashi tells us about Humans.
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Watch the video interview here
Topics Covered In This Episode
- [0:00] Start
- [0:15] Introduction
- [2:18] What Heikin-Ashi candles tell you about the markets that traditional candlesticks don't
- [3:47] How Heikin-Ashi works: Example 1
- [5:28] Does Heikin-Ashi work in trending markets only?
- [6:55] Does Heikin-Ashi candle size matter?
- [8:26] How to incorporate Heikin-Ashi into your trading: Example 1
- [9:42] Why Michael doesn't care if Heikin-Ashi candles don't show the current price
- [10:44] Heikin-Ashi in play: Example 2
- [12:49] What indicators can be used to complement Heikin-Ashi
- [14:01] Are Moving Avegares + Heikin-Ashi a good mix?
- [15:06] Why Heikin-Ashi is not simply a red light – green light system
- [16:34] What timeframes does Heikin-Ashi work best in
- and much more
What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!
Resources Mentioned
Example 1 (EURUSD with Bollinger Bands)
Example 2 (MESU with VWAP)
Desire To Trade's Top Resources
- DesireToTRADE Forex Trader Community (free group!)
- Complete Price Action Strategy Checklist
- One-Page Trading Plan (free template)
- Recommended brokers:
- Desire To TRADE Academy
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What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!
