How to Become a Successful Forex Trader With Heiken Ashi Intraday Trading System

Heiken Ashi Kuskus Trading System – How to Become a Successful Forex Trader With Heiken Ashi Kuskus Intraday Trading System. Heiken Ashi Kuskus Scalping is a very profitable intraday trading system. This strategy is trend following. Best Time Frame : 15min. Best Currency pairs : majors, and indicies. Best Sessions : London and New York.

The Heikin-Ashi technique is extremely useful for making candlestick charts more readable–trends can be located more easily, and buying opportunities can be spotted at a glance.

The charts are constructed in the same manner as a normal candlestick chart, with the exception of the modified bar formulas. When properly used, this technique can help you spot trends and trend changes from which you can profit!

There are five primary signals that identify trends and buying opportunities:

  1. Hollow candles with no lower “shadows” indicate a strong uptrend: let your profits ride!
  2. Hollow candles signify an uptrend: you might want to add to your long position, and exit short positions.
  3. One candle with a small body surrounded by upper and lower shadows indicates a trend change: risk-loving traders might buy or sell here, while others will wait for confirmation before going short or long.
  4. Filled candles indicate a downtrend: you might want to add to your short position, and exit long positions.
  5. Filled candles with no higher shadows identify a strong downtrend: stay short until there’s a change in trend.

These signals show that locating trends or opportunities becomes a lot easier with this system. The trends are not interrupted by false signals as often, and are thus more easily spotted. Furthermore, opportunities to buy during times of consolidation are also apparent.

 

Heiken Ashi Kuskus Trading Rules

 

The Heikin-Ashi technique is extremely useful for making candlestick charts more readable–trends can be located more easily, and buying opportunities can be spotted at a glance.


 

BUY Rules
  • Price above moving averages;
  • BBstop color blue,
  • Heiken ashi blue,
  • Kuskus starlight blue,
  • TTF uptrend,
  • MACD above 0 line,
  • Moving average standard deviation blue dot.

 

SELL Rules
  • Price below moving averages;
  • BBstop color red,
  • Heiken ashi red,
  • Kuskus starlight red,
  • TTF downtrend,
  • MACD below 0 line,
  • Moving average standard deviation red dot.

 

Exit Position
  • Profit target 15-20 pips or exit at the pivot levels.
  • Ibitial Stop loss 20 pips.

The advantage of this trading system is the good ratio profit/loss.

 

Start With One Currency Pair

Most successful traders have made money from trading a limited number of currency pairs – sometimes only one.

The reason is predominantly that to be really good in a pair you have to focus a lot on the two currencies in question, the economics they are related to, politics, technical indicators and sentiment factors that influence the currency.

This is not something you gain from catching headlines. You have to go deep into the material, developing a proper understanding of what is going on in all relevant matters.

I trade EURUSD only and has done so since 1999. I spend at least 60 hours a week reading, studying and researching everything that can influence the euro and the USD.

While I have lots of screens, including those of relevant graphs – looking at the graphs might occupy 5% of my time – never more and normally far less.

Graphs are easy to read in terms of quick observations. Too many traders though are too focused on the graphs in the belief that they have more to tell than what actually is the case.

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