It can make a huge difference
How's it going? For those of you in the Perfect Apple Trade strategy, we're hoping AAPL gets a little momentum today. We need a push higher! You can read your daily update from yesterday to learn more about our expectations and average outcomes, but we could see a rally higher on tech today, which could help us get back on track. To get a little more general, there's one valuable technique I want to suggest you start incorporating into your chart trading. I'm talking of course about Heikin Ashi charts. If you're pretty new here, I use Heikin Ashi charts a lot because I believe they represent trends a lot more clearly. Look at these two charts of AAPL's recent movement side-by-side (well, technically top-to-bottom). | |
It's pretty obvious the difference here. On top, you have your typical candlestick chart. It gives you a lot of information. But it can be hard to pick out trends at a glance. That's never true with Heikin Ashi. As you can see, trends are very clear with these charts. So you can identify at a glance the recent record-setting uptrend, and then the short downtrend we saw recently. Using these charts to identify trends has become a critical element of our top strategy, the Perfect Apple Trade. | |
We never enter a trade before we see an uptrend on the Heikin Ashi chart. That's how important they are. The trend that started recently triggered a trade, which we're in now. We're hoping the market turns around quickly, but if it doesn't, we'll keep our stop tight and live to trade another day. Trade safe, | |
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