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Tigrent Video on Heiken Ashi Chart

AAPLTrader Blog
December 2, 2011 4




Greeting Tigrent facebook group members,
Jesse Ramos requested I share some of my strategies around
using the Heiken Ashi chart.
Hope this helps.
Take care and happy holidays.

Thanks,
AAPLTrader-

4 Comments

    • Avatar of CLINT
    • Clint
    • Dec 17, 2011, 6:33
    • Reply

    Very nice! The Heiken Ashi Chart seems like a great tool. Does it matter the size of the bar upon reversal? If im following you correctly then you would have gone short AAPL on the 13th at about $389 with a stop at $394.

    Thanks for the insight, Clint

  • You got it Clint.

    There was a bear flag break down day trade that day at $391 and the swing trade entry was $389 with a stop of $394. The size of the bar does matter and sometimes it’s a judgment call depending upon your personal risk reward preferences.

    If you need to give your stop 15 points and your target is only 10, then maybe not the best set up. The heikin ashi doesn’t work 100% of the time, but it sure does work most of the time, especially on stocks that roll up and down really nicely.

  • I am curious as to how you enter these trades. Do you use a stop order, stop limit?

    • @jarwood21 Thanks for your question and sorry for the late response.
      For options, it’s best to use limit orders to enter the trade.

      Do you use thinkorswim? Their trade tab is nice for placing bracket
      orders on stock: where you can place your entry, stop and targets all in one order.

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