Ok.. i'll learn deeper with this indicator..
Let's share together to improvement...
Let's share together to improvement...
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DislikedBasically you take the shortest TF and when you see a change in color from red to blue go long. However, not so fast buddy boy. You must look at the next TF that is double the previous i.e 15M to enter so you look at the 30M. If the 30M is not ALSO blue don't enter. A tpical trade would be the following:
15 minute is trending up and you see 1-5 blue bars. So the 15M has been moving up for a short while causing the 30 minute to just start creating it's 1st blue bar. Now go long. You can exit when the 30 minute just starts to hint of a red bar.
If you want a longer trade you can stay in until you see the 1 hour just turn from red to it's 1st blue bar. Now you exit on the 1 hour when you had enough fun or the blue bar on the longest TF being the 1h in this example just hints of a change in direction. That would be a small body with higher wick:body ratio and the start of a color change.
I hope this makes sense. Look at my charts !!!!!!! Study study studyIgnored
DislikedIt appears as though this indicator will have a lot of the same problems as others during tighter ranging markets. How do you handle these market times? In your opinion is it okay to lose say... 120-150 pips on 3,4,5 consecutive losses to grab that big 200-250 trend?
I suppose my question is, what do you expect out of Ashi during flat markets? Also, how would you handle the trades highlighted in the first image?
BAD ASHI http://i136.photobucket.com/albums/q...kkjay/ASHI.gif
***** FORGET THE LAST VERTICAL BAR, MY MISTAKE.
GOOD ASHI http://i136.photobucket.com/albums/q...kjay/ASHI2.gif
Don't take it as negative, you should see me pick at other systems. I like to be constructive and offering images and questions will best serve to get answers.Ignored
DislikedI have come to believe that there are many indicators out there and all of them work to some extend and do not work to some extent.
Virtually any indicator I think will work ever so much better if it is used on several different time frames at the same time and an entry does not take place until and unless all 2 or 3 time frames agree. That may actually be what makes this system so successful, not the indicator itself but the fact that it is designed to be used on several time frames at once.
Good luck with your system and never stop using multiple time frames, you may find that that is your Holy Grail, not the indicator.Ignored
Disliked
Good luck with your system and never stop using multiple time frames, you may find that that is your Holy Grail, not the indicator.Ignored
DislikedThank you. FYI the EURO fell about 6-7 PIP since my last post. I'm going to bed.
I'll talk to you guys later and if you have any questions I will look them over tomorrow.
Good trading and remember the "Secret"......Ignored
DislikedI seem to have forgotten the secrect. Could you please remind me of it.Ignored
Disliked
Apologies for sounding a little dumb, but new to the Forex! I have read the forums and I would like to try and trade with the Heishan-Ashi. I have joined MetaTrader and have an account with the MIG platform.
I have downloaded the links Heishan_Ashi_smoothed.EX4 and tried to view it to no avail.......CAN anybody help???Ignored
DislikedThis an old set up I used to play around with - it incorporates what you guys are trying to do as far as entries based on multi time frames. This just makes it possible on one screen. Attached template (5M) and image, but it should be self explanatory.
Apologies for sounding a little dumb, but new to the Forex! I have read the forums and I would like to try and trade with the Heishan-Ashi. I have joined MetaTrader and have an account with the MIG platform.
I have downloaded the links Heishan_Ashi_smoothed.EX4 and tried to view it to no avail.......CAN anybody help???Ignored