Heikin Ashi Mountain Update 7 Jan

Heikin Ashi Mountain Update 7 Jan: Good morning. I hope you’re ready to pick up our Heikin Ashi Mountain trading and have been able to take a look at the new filter we’re using. If you’ve not yet seen the first stage of the reboot, you can download the information here.

Essentially, we won’t be taking any sell trades unless the price is below the 40SMA, and no buy trades unless the price is above the 40SMA.

This morning, this makes quite a difference to our signals. For example, on USDCAD, there’s no sell signal as the price remains above the 40SMA.

The result is that there are no signals for today, but don’t worry – this is just filtering out the weaker trades, and there will be opportunities along soon.

Regards

Mark

 

Please note:

  • I am now trading with an additional filter introduced Jan 2019. You can view details here.
  • I am opening two trades for each signal according to the Combined Profits method, one for each profit target. My staking is based on a 2% risk of a £20k trading pot, so I’m risking £200 per trade – £400 across both trades.