how exactly does this indicator work, you wait for a blue bar to pop out ofd the red one and when the stoch lines cross then you jump into the market for a few pips?
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DislikedHi Steinitz & everyone
Just finished reading thru this thread & I must say what a great method from
Steinitz & all that have contributed along the way. I have not looked @ this
method, but will do so over the next several days. One question...are the
indicators @ the beginning for Heiken Ashi the correct ones that are being used? Tks to all that respond.
AceTraderIgnored
DislikedIve been looking at the has method and i have found that you can use the 4hr tF as a trend indicator and either buy only or sell only based on what your 15min and 30min Tf says.
For examply, if you look on the 4h and you are in a downward trend, then i would only sell based on my 15 and 30min. If i saw a blue bar i would not buy. I would follow the trend. When the 4hr trend changes to a buy then it is safe to buy on 15min/30min.Ignored
DislikedIve been looking at the has method and i have found that you can use the 4hr tF as a trend indicator and either buy only or sell only based on what your 15min and 30min Tf says.
For examply, if you look on the 4h and you are in a downward trend, then i would only sell based on my 15 and 30min. If i saw a blue bar i would not buy. I would follow the trend. When the 4hr trend changes to a buy then it is safe to buy on 15min/30min.Ignored
DislikedSteinitz,
When I load the indicator on my chart is it correct to be showing over the
candles that are already in place? On your charts you posted it seems that we are only seeing the HeiKen Ashi. What is the correct way? Tks.
AceTraderIgnored
DislikedCan anyone tell me if a daily candle once opened, lets say in a white color, will it repaint itself to red during the course of the same daily candle, or will it stay the color it opened with? ThanksIgnored
DislikedHere are the rules for long entry:
1. lowest TF must be at least one blue HAS candle.
2. The next highest TF must be a (blue wick with a red body or a (blue candle) and/or price must be >= HAS candle. [You need to look at the HA,val 2,3 or 4 and HLOC prices to figure what would be representive of this].
3. Note: if we made price > price [1] bar ago we would obtain a better angle.
Here are the rules for long exit:
1. Current TF displays it's first opposite candle color AND next largest TF is an opposite color of initial trend
Here are the rules for staying in trade when current HAS candle turns opposite color.
1. Go to next higher TF and if HAS bars are the same color stay in trade.
Reverse everything above for a short entry and all rules that followed.
This should be a good start.Ignored
DislikedSteinitz
Have the indicator loaded & set to your setting that you advised & the
indicator look like an extension of the candlestick candles I am using. No
wicks just the body of another candle. What do you advise?
AceTraderIgnored
DislikedHere are the rules for long entry:
1. lowest TF must be at least one blue HAS candle.
2. The next highest TF must be a (blue wick with a red body or a (blue candle) and/or price must be >= HAS candle. [You need to look at the HA,val 2,3 or 4 and HLOC prices to figure what would be representive of this].
3. Note: if we made price > price [1] bar ago we would obtain a better angle.
Here are the rules for long exit:
1. Current TF displays it's first opposite candle color AND next largest TF is an opposite color of initial trend
Here are the rules for staying in trade when current HAS candle turns opposite color.
1. Go to next higher TF and if HAS bars are the same color stay in trade.
Reverse everything above for a short entry and all rules that followed.
This should be a good start.Ignored
DislikedHi,
One question: in bullets 1 and 2 - we are talking only about the bars' close price, right? nothing should be done before a bar is closed (beside drinking a beer or two..) ?Ignored