Thread: 5 min Heiken i

Originally Posted by ;

Nice trade - that I wasnt up punctually, but might have taken a similar one....price turned off the 6325 Sweet Spot and hurried to the region of this 375 SS and now's DP at 6386 - todays high up to now....

Make an effort not to miss next one

Originally Posted by ;

Attempt not to miss next one

I didnt.... ....after that wide range Large Dog spike in the Frankfurt Open there was no trace thru, so that I offered and pirated pips as it retraced to the region of the DP / preceding high....now I have reversed into a long with a tight quit...

I don't understand.

You wrote:

Originally Posted by ;

*Price is down move if last resistance level is not broken. When it is broken we can begin to think that price is in upward movement.

In this chart, you took a long when the previous resistance level had not been broken.

I have marked the previous resistance level using a green dot.

I hope you understand

I'll post it quite detailed shortly

This should be sufficient

10 pips. I got at a deal and price dropped and almost hit my stoploss. When there was few pips left into my SL I entered commerce an additional time.
I got out of both transactions cuz news are coming out in few mins.

Using -2 on first commerce
with 12 on second commerce

Hello Trader100
Add Bbands-stop-v1 indior in your .tpl and utilize it on 15 min TF.
https://www.nigeriaforextrading.com/...2498330032.ex4

Originally Posted by ;

Hello
Add Bbands-stop-v1 indior on your .tpl and utilize it on 15 minutes TF.

Let's see whether it helps somehow.
Due

So anyway I wished to explain to you how I trade this Heihen i candle system.
Only Heiken i candles work well but I've added Ichimoku cloud to my chart ( https://www.nigeriaforextrading.com/...ea-indior.html here you are able to research ichimoku ).
I've added ONLY cloud.
If cloud is BLUE just buy. Market if cloud is RED.
I take just those trades where you need to enter after initial candle. I don't take the trade, if is confirmed on candles.

So go LONG:
*Ichimoku is BLUE
*Price is in UP transfer

And proceed SHORT:
*Ichimoku is RED
*Price is in DOWN move

EXAMPLE: [See pic]
Trades No.1,2,3 were profitable.
Trade No. 4 was a loss.

After commerce No.4 I didn't take any trades, reasons:
I can not go LONG cuz Heiken i last Support level (In blue rectangle) failed and I can't go SHORT cuz cloud is gloomy.
I don't take these”First Trades” (If S/R amount is broken) cuz that is the second when price is trying to decide to go up or down.
In this case (Blue rectangle) price broke through support, than resistance as opposed to support again and again resistance but you can't see last brakeout within this pic. Price bankrupt through S/R 4 times before determined on which to go.

You might ask why I didn't take the trade in orange rectangle. Reason is cloud was red.

You porpobly want to learn what's the best method to TP and where to place SL.
Thus stoploss. Usualy I place SL above/below last LOW or HIGH made by candles (NOT Heiken i candles but candles ). (Look at yellow rectangle. Some of you might place SL at red line. I'd place mine at green line cuz these few pips might save you. That is about commerce No.2)

Take Profit is tougher. I'm still looking for something greater than Fibbo degrees.
In which you take profit is left up to you.

ONE MORE THING IS MULTIPLE TIMEFRAMES. CHECK EM OUT

Regards

That is 5 minute chart

Originally Posted by ;

Can you take any transactions now

I use this egy very less. I like to exchange at least h4. I only showed it to a few of you who like TF.
Regards