Hieken Ashi Candles

Snagit screen capture
http://screencast.com/t/4EeyUINZVz6d

Check out the Hieken Ashi Candles that I use for trend spotting.

This is the first step of the Bombora system, trend recognition. It is the basic way to decide whether to buy or sell. The H-A Candles are set to take a long look back at price action to determine the direction. It is two simple readings:

1. If the H-A Candles are red, I am looking for sell trades

2. If the H-A Candles are blue, I am looking for buy trades

Using the H-A Candles is a basis for expert trend recognition on any time frame. The idea can be matched with any system you use.

Happy Trading!!

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