How To Use Heikin Ashi Candlesticks (from a pro trader)

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6 жыл бұрын

WATCH NEXT - I convinced Michael to share his strategy with charts right here: • Heikin Ashi Candlestic...
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In this Montreal Forex trading vlog, I join full-time trader Michael Toma to discuss how to use Heikin Ashi candlesticks and the backtesting I've been doing in the past couple of days. Vlog #309
Other collaborations with Michael Toma
- Applying Risk Management In Trading: • Michael Toma: Applying...
- Met Up With A Professional Futures Trader: • I Met Up With A Profes...
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My name is Etienne Crete (from Montreal, Canada). I'm a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.
I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That's why you can expect more free content from me than what other people charge for!
If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you're good at.
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This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.
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Пікірлер: 209

@mollasima3251 3 жыл бұрын

Heiken Ashi explanation starts 6:20 --- beginning is just chit chat.

@IMChrisThom 3 жыл бұрын

Thank you. The intro seemed to go on FOREVER

@jM-cj8qx 3 жыл бұрын

thank you. I dont want to listen to half the video of dribble.

@rahulphadke3 2 жыл бұрын

Thank you for saving our time.

@aurorahiraeth5896 2 жыл бұрын

Time is money

@mnbialecki1156 2 жыл бұрын

Thank you… I agree, time is money 💰

@borat_trades2860 6 жыл бұрын

Watch from 6:20

@MrChangeordie 3 жыл бұрын

10-4 I got a BAD habit of skipping forward in videos anyways 😆 some videos are to much talk and not enough show or examples.

@thetonycam3944 3 жыл бұрын

Thank you

@ariellechrichlow395 5 жыл бұрын

I've been using the Heikin Ashi candlesticks in my trading for a little over a year now and I love it

@DesireToTRADE 5 жыл бұрын

Fantastic to hear, Arielle! Thanks for sharing :)

@juke1225 4 жыл бұрын

They are way better than regular candles. I agree!

@fastserious2589 4 жыл бұрын

Hi Arielle, do you mean you use both Candlestick and Heikin ashi charts and use heikin ashi as confirmation?

@naldotubo 3 жыл бұрын

Any other tips?

@olusolapelumi6660 3 жыл бұрын

It also helps my MACD look so clean

@calmnarrative 2 жыл бұрын

I have been using Heikin Ashi from the start of my trading career.

@howardhill3395 2 жыл бұрын

showing a chart with Heiken, with him explaining the trade would be a lot more helpful than all the talk

@DesireToTRADE 2 жыл бұрын

We did that right here: kzfaq.info/get/bejne/f7-BZqynrdq2oXk.html

@howardhill3395 2 жыл бұрын

@@DesireToTRADE thanks Etienne

@arickras4836 6 жыл бұрын

Étienne you are an amazing person AND very passionate about the topic ....respect.!!!

@DesireToTRADE 6 жыл бұрын

Thank you, Arick! I'm glad I can add value!

@catladytrucker7608 Жыл бұрын

Good direct answers to questions. Appreciate that! 👍

@yudhz89 6 жыл бұрын

Been waiting the next series of heiken ashi since yesterday! Lol. Awesome interview as always..

@DesireToTRADE 6 жыл бұрын

There it is :) Took a little bit of time off backtesting to edit this one...

@DesireToTRADE 4 жыл бұрын

Michael and I just recorded a new video on Heikin Ashi that you might like: kzfaq.info/get/bejne/f7-BZqynrdq2oXk.html

@PhilipVels 5 жыл бұрын

I really liked this video with Michael Toma! Very easy to listen to!

@DesireToTRADE 5 жыл бұрын

Awesome! This was very casual :)

@vikramjeetsran653 Жыл бұрын

I use Heikin Ashi candles with RSI divergence. It gives me amazing result in trend and for scalping.

@DesireToTRADE Жыл бұрын

That sounds like a good one!

@richydubz4302 4 ай бұрын

I’ve been working on a plan for this too as my rough backtests have been promising. What timeframe did you prefer? How’s it going today?

@razzyp3999 6 жыл бұрын

Mr Toma makes a alot of sense..interesting look forward to more!

@DesireToTRADE 6 жыл бұрын

Hey Arthur! Glad you liked this video :)

@sharonoconnor2107 6 жыл бұрын

Great interview as always! Thanks Etienne

@DesireToTRADE 6 жыл бұрын

Thank you, Sharon!

@Paulbericht1 6 жыл бұрын

Thank you Etienne and Michael for this nice and interesting Video.

@DesireToTRADE 6 жыл бұрын

Glad you got value out of it, Paul! Thanks for the comment!

@paulkennedy4305 4 жыл бұрын

Hi Etienne - I just found you and was thoroughly impressed with your interview of Michael. Great questions with clear answers. I need help and was wondering if you would be willing to find out from Michael the numerical parameters for the HULL MOVING AVERAGE and VWAP he uses? I would be forever grateful and now that I found you I look forward to viewing more of your videos and passing them onto friends. Thank you for helping. Paul Kennedy

@brendinnicolas4255 3 жыл бұрын

Thank you for the great video, extremely grateful

@DesireToTRADE 3 жыл бұрын

Very glad you liked it!

@danielslara2010 3 жыл бұрын

Great interview, Michael is very knowledgeable.

@DesireToTRADE 3 жыл бұрын

Glad you liked it, Daniel!

@dineshagrawal5803 Жыл бұрын

I recently heard about this and I'm gonna throw this as part of my trading strategy.

@wilcurran3377 2 жыл бұрын

What a great guy. Thanks!

@brian17411 Жыл бұрын

liked and subscribed, this was the first video i watched on your channel, good stuff!

@DesireToTRADE Жыл бұрын

Thank you!

@arcdisney 7 ай бұрын

Very well done video, Easily explained and easy to understand

@SneakySteevy 2 жыл бұрын

Je me suis abonné! Je trade depuis 2015 et j’ai découvert les henkin ashi candle récemment et je les adore. Trend are so much easy to spot!

@DesireToTRADE 2 жыл бұрын

Content d'entendre ça!

@benjamina2979 5 жыл бұрын

Cool thank you. I use ichimoku with my trades

@DesireToTRADE 5 жыл бұрын

Awesome :)

@sbchport 6 жыл бұрын

My take away: Really know what you should or say you do know, then prove it in the backtest :) Thanks again Etienne for a quality interview with credible professionals.

@DesireToTRADE 6 жыл бұрын

Thanks for the comment! I kind of like those laid-back discussions too :) More to come!

@REMAX_CCA 9 ай бұрын

Being a Heiken Ashi user, I enjoyed this video very much, thanks! Quick question - when scalping or day trading, how many position do you keep open? I've been keeping 2-3 positions open, but I'm considering lower to 1.

@heartdisciple 3 жыл бұрын

Awesome. im trying Heikin Ashi .

@JustinKirby07 2 жыл бұрын

Hi! What is that High/Low with the price indicator on your chart named or what is it called in TradingView? Thanks!

@jaycee5549 6 жыл бұрын

Meetup in Montreal was great last night!

@DesireToTRADE 6 жыл бұрын

Thanks for coming, James!

@Tabu11211 2 жыл бұрын

Kagi next!! I love it for the second charts but I would love to hear how a pro uses it.

@allthingsnu4673 2 жыл бұрын

I'm a new trader - I started learning 6 months ago. I've made more money using Heikin Ashi candles than with the regular candles. I've tried to use the regular candles because I learned with them, but I tend to lose money with them so I trust the HA candles more.

@christopherangsomwine8713 Жыл бұрын

Are u making consistent results with hiken Ashi?

@allthingsnu4673 Жыл бұрын

@@christopherangsomwine8713 No, I'm not. I think HA are better for entries than exits. I have to try to get out of the trade before the candles get smaller even if the color hasn't changed yet because profits are being lost as the candles get smaller.

@DavidFaratian 6 жыл бұрын

This was very informative. Really enjoyed this guy's perspective thanks Etienne

@DesireToTRADE 6 жыл бұрын

My pleasure, David! Thanks a lot for the comment!

@dannygreen531 Жыл бұрын

Thank you both very much

@DesireToTRADE Жыл бұрын

Most welcome 😊

@Fm-ho8kc 5 жыл бұрын

thanks

@Montrealerdiscovers 5 жыл бұрын

Market profile definately value area breakout and breakdowns definately will give you great context to the market you’re trading.... Who is this guy you interviewed

@DesireToTRADE 5 жыл бұрын

This is Michael Toma, the author of the book Risk Of Trading.

@explorster 3 жыл бұрын

I only use HA for exits

@bumblebeehomecare424 6 жыл бұрын

sorry to have miss you, would love to meet you if you eve do come singapore again

@DesireToTRADE 6 жыл бұрын

Sure! I'll probably go back next time I'm in Asia, A lot of traders there!

@alexandreconte7916 3 жыл бұрын

He is a pro trader because he can look at two charts at the same time

@ahsanabdulqader1553 3 жыл бұрын

Lmaooo bishhh 😂😂😂

@innate7260 3 жыл бұрын

Lol, thats sooo mean, but damn funny🤣🤣

@myfavyoutubers 2 жыл бұрын

😂😂😂

@EvantheEvolve Жыл бұрын

Oh no you dint 😂

@rkyagee1927 Жыл бұрын

Wait what

@nizal9388 6 жыл бұрын

Is it possible to code a robot that detects a change in heikin ashi colour?

@DesireToTRADE 6 жыл бұрын

Yes, definitely!

@pilotrakeshpatel 4 жыл бұрын

I want a heikin ashi robot alert system, do you have it ?

@travel-trade 5 жыл бұрын

Is it easier to get results with HA when on a larger time interval such as a daily chart or 4 hour chart?

@DesireToTRADE 5 жыл бұрын

Michael says it's not easier... but there'll be less noise on the higher timeframe

@TimeaCseri Жыл бұрын

Hope you had success since 3 years now🤭

@beyondthenature 9 ай бұрын

Yes, in case you have a capital of more than 100k

@meto4837 3 жыл бұрын

i love the subtitles

@mintaxis1433 4 ай бұрын

😂

@VakoCavender 5 жыл бұрын

but the heikin ashi candles didn't even start at the right price, how can you use it to enter a trade

@DesireToTRADE 5 жыл бұрын

You can usually base your rule on entering when the candle forms - even if it's not exactly the same price.

@shah1668 4 жыл бұрын

i usually use pending order at round numbers on daily chart.

@jguillermo7067 4 жыл бұрын

Would placing an 1 ma show prices? And for trend a 17 ema? And when they are consolidating seeing wicks upper and bottom on HAs would placing an alert breaking a price will assist? Just a thought.

@rickdeckard9810 5 жыл бұрын

Etienne, do you trade crypto as well?

@DesireToTRADE 5 жыл бұрын

No.

@Homeb 2 жыл бұрын

Montreal looks dope

@DesireToTRADE 2 жыл бұрын

I miss it! I'll look like a tourist when I go back in December :)

@IsaacMoscovich 6 жыл бұрын

Great one!

@DesireToTRADE 6 жыл бұрын

BIG Thank you to Michael for sharing his knowledge! What are you taking away from this interview?

@joeh4694 6 жыл бұрын

Etienne Crete - Desire To TRADE very interesting. I am a big fan of statistical significance, I have commented about this on previous videos you have done. I would love to hear what he looks for on market profile statistics. Also when your in Europe are you hitting London England?

@DesireToTRADE 6 жыл бұрын

Michael is always saying "do what the data tells you to do." That's very similar to what you're saying, Joe! I'll try to dive on market profile with him a little more I'll be in London from April 24th to 29th :)

@wehttamak 5 жыл бұрын

take away successful people don't share much information for free .. notice how some questions are not really answered

@LetsGetABag Жыл бұрын

please do a video on range bars instead of heiken ashi or candles. theres literally no videos on the internet for that im starting to think its on purpose

@DoubleAAmazin3 21 күн бұрын

bro watching all the stocks at once with them eyes

@nozzer2002 5 жыл бұрын

do heiken ashi candles repaint? thanks in advance :]

@DesireToTRADE 5 жыл бұрын

No, they should not repaint.

@nizal9388 6 жыл бұрын

Hi Etienne thanks for the response. What software could I back test and automate a strategy based on heikin ashi or/and tick charts. I know MT4 has problems with tick charts

@DesireToTRADE 6 жыл бұрын

MT4 is probably your best bet from what I know, but as you know tick charts won't work.

@michaelbotros7540 5 жыл бұрын

Sir, I have a simple question: what if I adjust my stop loss and suddenly the market makes a gap on my stoploss , Can hekien ashi candle sticks close my stoploss or not ?.

@DesireToTRADE 5 жыл бұрын

No, candlesticks have nothing to do with stop losses.

@michaelbotros7540 5 жыл бұрын

@@DesireToTRADE So , you mean that If there was a gap in normal japanese candle sticks , heiken ashi will only hide the gap but won't close or open any order was in that gap, am I understand you right ?

@gregorsamsa1364 3 жыл бұрын

@@michaelbotros7540 stop losses are triggered by price. doesn't matter what sort of chart you use

@kellyoliver3873 Жыл бұрын

Good people

@jasonwhite8787 4 жыл бұрын

🌻

@zaza6510 Жыл бұрын

One use vertical screens nd other use horizontal, choice is urs.

@hunter21331 4 жыл бұрын

make it sence

@italitally2989 3 жыл бұрын

i wanted to hear about the coolest airport...

@Montrealerdiscovers 5 жыл бұрын

Heyy i live in montreal let’s meet at some point

@DesireToTRADE 5 жыл бұрын

Feel free to come to our monthly meetup!

@chrisporter1099 4 жыл бұрын

I came for the candles but I stayed for the lazy eye

@AlienYieldFarms 3 жыл бұрын

🤣🤣🤣

@SuperMrozzy 3 жыл бұрын

ahahahah im dead :D

@pipqueen1 3 жыл бұрын

One eye looking at you and one eye looking for you 😂😂

@kevinp113 4 жыл бұрын

He really didn't say anything much LOL

@jerrypangan2997 5 жыл бұрын

@0:05 is he a Gekko or a lizzaard? something like that

@greengratitude5045 5 жыл бұрын

2:57

@paroparo4399 4 жыл бұрын

🤣

@Jon-ww2lf 3 жыл бұрын

Lmao Guess I wasnt the only one who noticed that lmao

@EU_058 9 ай бұрын

This guy is giving free game and you’re being jerks?? That’s sad

@transparent91 5 жыл бұрын

Someone subtitle the blue shirt dude in this video. And don't have background music on top of that. Can't understand shit what he says

@DesireToTRADE 5 жыл бұрын

+transparent91 okay.

@evantrades 5 жыл бұрын

Rude

@Swishasweet2811 5 жыл бұрын

this video doesn't even show how to use the hienken ashi candles this title is misleading it should be called how ot works smh

@DesireToTRADE 5 жыл бұрын

I appreciate the feedback Texmex89 but the video would have 2 views at most if it were titled this way.

@otislauwaert1407 5 жыл бұрын

@@DesireToTRADE So you admit you're deliberately misleading people for your own profit. You're not a good teacher.

@DesireToTRADE 4 жыл бұрын

Michael and I just recorded a new video on Heikin Ashi where he's sharing his chart: kzfaq.info/get/bejne/f7-BZqynrdq2oXk.html

@mmhazby 4 жыл бұрын

Can I ask why does the interviewer keep staring at the camera? 🤣

@DesireToTRADE 4 жыл бұрын

That's called eye contact :)

@gene_Code 4 ай бұрын

I am distracted by his lazy eye😅

@elio4884 2 жыл бұрын

bro this guy stopped the music for his questions and fucking blurres the alpha hahahah. A for effort tho man

@elio4884 2 жыл бұрын

no need for music when ur coach is dropping alpha lol...

@Sebastian-gv2iv 3 жыл бұрын

His right eye still follow candles 😁

@sridharm6865 5 жыл бұрын

Useless video, he never revealed what's his exact strategy with heikinashi.

@DesireToTRADE 5 жыл бұрын

Are strategies everything there is to trading?

@DesireToTRADE 4 жыл бұрын

Michael and I just recorded a new video on Heikin Ashi where he's sharing his chart. You might like this one better: kzfaq.info/get/bejne/f7-BZqynrdq2oXk.html

@shaanbae6096 3 жыл бұрын

I didn’t know which eye 👁 to look at

@collybeans586 2 жыл бұрын

Is that your big dilemma?

@shaanbae6096 2 жыл бұрын

@@collybeans586 yeah 😎👍

@JuanMendoza-qd5lm 2 жыл бұрын

@@collybeans586 I know, says much more about them.

@bmsscalptrader 5 жыл бұрын

Theory doesn't work and better Practical charts

@DesireToTRADE 5 жыл бұрын

Have you started testing it, then?

@DesireToTRADE 4 жыл бұрын

Michael and I just recorded a new video on Heikin Ashi where he's sharing his chart: kzfaq.info/get/bejne/f7-BZqynrdq2oXk.html

@felipemartinez1275 3 жыл бұрын

Étienne, please speak iintelilligble English. It´s really hard to undrestand you!

@yia73 5 ай бұрын

Irrelevant video as he didn't elaborate on what he actually means and does while on charts?

@DesireToTRADE 5 ай бұрын

That’s why we recorded part 2 here on the charts: kzfaq.info/get/bejne/f7-BZqynrdq2oXk.htmlsi=2hbsO0u3GC29HtBh

@richardlim2991 5 жыл бұрын

Very boring interview and just casual remarks .

@DesireToTRADE 5 жыл бұрын

Thanks for the feedback, Richard

@DesireToTRADE 4 жыл бұрын

Michael and I just recorded a new video on Heikin Ashi where he's sharing his chart. You might like this one better: kzfaq.info/get/bejne/f7-BZqynrdq2oXk.html