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- Last Update: 17 June 2018, 11:02
BUY/SELL: I am trying the HEIKIN-ASHI candlesticks for buy/sell signals. Buy on the first green candle, sell on the first red candle. Of course I will still look at high flags and abandoned babies and try to buy on low volume days and sell on high volume days after a run up.
SCAN: I scan for above 4% ATR, above 90% of the all time high, above $2.00 with 500,000 volume or above $20.00 with 40,000 volume. I am also scanning for break outs above the 50 day sma, after a long period of being below the 50 day.
HEIKIN ASHI: If you see 2 green bars, then buy. If you see 2 red bars, then sell. If there is no upper wick, then there is a strong down trend in place. If there is no lower wick, then there is a strong up trend. The candle starts at the midpoint of the previous wick. The end of the candle is the average of the high, low, open, and close.
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