Remember Heikin Ashi candles?A couple of weeks ago I ran into an interesting video detailing a swinging strategy using Heikin Ashi candles. The strategy was easy to follow and had a win rate of above 70%. I tried it a couple of time on $TNA & $TZA. And it quite worked, so I'm sharing it with you.
While I didn't like the way he averaged down when in a losing positions, the strategy is still valid. It all depends on spoting when the momentum has changed and getting in, knowing that you have an statistical advantage, then you can decide if getting out when wrong or averaging down.
You can forward the video the minute 47:00-48:00 when he starts to explain the strategy if you want. Enjoy.
Please note, that the guy in that conference is trying to sell an automatic trading system and he mentions that towards the end. Just focus on the strategy and draw your own conclusions.
