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    Forex Trading 1-2: Book 1: Practical examples,Book 2: How Do I Rate my Trading Results?
    Forex Trading 1-2: Book 1: Practical examples,Book 2: How Do I Rate my Trading Results?
    Forex Trading 1-2: Book 1: Practical examples,Book 2: How Do I Rate my Trading Results?
    Ebook85 pages1 hour

    Forex Trading 1-2: Book 1: Practical examples,Book 2: How Do I Rate my Trading Results?

    By Heikin Ashi Trader

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    About this ebook

    This Forex Trading book includes 2 books.


    Book 1: Practical examples


    Scalping is the fastest way to make money in the stock market. There is hardly another method that can be found that increases a trader’s capital more effectively. The Heikin Ashi Trader explains why this is so in this four-part series on scalping.


    In this first book, he explains his setup with many practical examples. You will learn how to interpret Heikin-Ashi charts correctly, when to get into a market and when to get out. Also, you will learn how to combine the setup with important principles of technical analysis.


    This highly effective scalping strategy can be applied in a short time frame; for instance, a 1-minute chart in addition to other higher time frames. You can trade using this universal method in equity indices and in the currency markets. Typical instruments, however, are futures and currencies.


    Book 2: How do I rate my Trading Results?


    In this second book, the Heikin Ashi trader answers the question of how the trading results of a scalper are analyzed and correctly evaluated. Based on the weekly results of a single trader, he examines what factors matter to having long-term success in the stock market. The analysis of the trading journal for 12 weeks allows an inside look at the learning curve of a budding professional.


    Table of Contents


    Book 1: Forex Trading, Practical Examples


    Scalping with Technical Analysis How do I Interpret Heikin Ashi Charts? When Do I Get In? When Do I Get Out? Working with Price Objectives Heikin Ashi Scalping in Practice Does Technical Analysis Help While Heikin Ashi Scalping? Support and Resistance Swing High and Swing Low of the Previous Day The Importance of the Round Number in Forex How Do I Recognize Trend Days? How Do I Scalp Trend Days? Conclusion


    Book 2: How Do I Rate my Trading Results?


    The Trading Journal as a weapon The first 12 weeks of a new Scalper


    - Week 1


    - Week 2


    - Week 3


    - Week 4


    - Week 5


    - Week 6


    - Week 7


    - Week 8


    - Week 9


    - Week 10


    - Week 11


    - Week 12


    How is Jenny doing now? Scalping is a Business


    More Books by Heikin Ashi Trader


    About the Author


    Imprint

    LanguageEnglish
    PublisherDAO Press
    Release dateMar 27, 2018
    ISBN9781535275361
    Forex Trading 1-2: Book 1: Practical examples,Book 2: How Do I Rate my Trading Results?
    Author

    Heikin Ashi Trader

    ​Heikin Ashi Trader is the pseudonym of a trader who has over 19 years of experience in day trading futures and currencies. He traded for a hedge fund and then went on his own. He specializes in scalping and fast day trading. His scalping book "Scalping Is Fun!" is an international bestseller and has been sold more than 30.000 times. His books have been translated into 11 languages.

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      Book preview

      Forex Trading 1-2 - Heikin Ashi Trader

      Forex Trading

      2 Manuscripts:

      Book 1: Practical Examples

      Book 2: How Do I Rate my Trading Results?

      Heikin Ashi Trader

      SPLENDID ISLAND

      Table of Contents

      Book 1: Forex Trading, Practical Examples

      1. Scalping with Technical Analysis

      2. How do I Interpret Heikin Ashi Charts?

      3. When Do I Get In?

      4. When Do I Get Out?

      5. Working with Price Objectives

      6. Heikin Ashi Scalping in Practice

      7. Does Technical Analysis Help While Heikin Ashi Scalping?

          A. Support and Resistance

          B. Swing High and Swing Low of the Previous Day

          C. The Importance of the Round Number in Forex

      8. How Do I Recognize Trend Days?

      9. How Do I Scalp Trend Days?

      10. Conclusion

      Book 2: How Do I Rate my Trading Results?

      1. The Trading Journal as a weapon

      2. The first 12 weeks of a new Scalper

      - Week 1

      - Week 2

      - Week 3

      - Week 4

      - Week 5

      - Week 6

      - Week 7

      - Week 8

      - Week 9

      - Week 10

      - Week 11

      - Week 12

      3. How is Jenny doing now?

      4. Scalping is a Business

      More Books by Heikin Ashi Trader

      About the Author

      Imprint

      1. Scalping With Technical Analysis

      In the first book of this series, Scalping is Fun, I had presented a simple scalping setup that can be applied at any time, regardless of whether the market is in a trend or is passing sideways. This setup is universal and can be applied for any time frame. The second book in the series digs deeper into this basic set-up by presenting a number of typical patterns that come from technical analysis. These patterns are usually easy to understand and effective to use. Even if you are only slightly familiar with technical analysis, you can still apply the examples that are highlighted in this second book.

      This book is a result of many questions that I have received from participants in my webinars and my mentoring program. With this second book, I hope answer these questions. I have been scalping for more than 14 years, but I will never stop learning or stop striving for improvement. That's why, at this point, I would like to thank all these traders for their questions and comments, because they ultimately have given the impetus for this second book.

      This book doesn’t cover the advanced stage of my setup; regardless, I am convinced that you can trade using this simple method without any knowledge of classical technical analysis. Most traders that I know, including myself, began their trading career by studying charts, and this has advantages as well as disadvantages. Technical Analysis can be compared to cartography; the trader learns to interpret past movements and the current situation in the context of the past. You learn, so to speak, to read a map. Where the journey will take you in the future, you still do not know.

      The disadvantage of this method is that, over time, you lose your initial fresh perspective when looking at the charts. At a glance, experienced chartists see striking highs and lows. They spot support and resistance levels and they identify trends, continuation pattern, reversal patterns, etc. With their trained eyes, they have to do this. Just try to look at any chart without seeing these patterns. If you work already two or three years with technical analysis, you will probably not succeed.

      But this unbiased view belongs to people have who have never read a book on technical analysis. If they were in front of a painting that you would describe as abstract, the technical analyst would see streets, houses, trees – in short, a whole landscape. We probably may never have this completely unbiased view anymore, having grown up with charting analysis. Computer simulations have also proved this. Simulations are programs that produce pure virtual charts that have no reference to any market or equity. Using charts that are invented purely by computer programs, the chartist will start to identify his familiar pattern. He will begin to draw trend lines, make out significant highs or lows, etc. As you can see, there is no escape from this biased view!

      Nevertheless, I believe that as a Cartographer, you can trade for profit by using the setup put forth by my first book. Here again, the Heikin Ashi Charts help us a lot by visualizing the flow of the market like no other. Now, in this second e-book, I want to combine my setup with important elements of technical analysis. However, there is no necessity to use the examples explained.  A lot of scalpers who trade this way – with one or two trading indicators – are fully satisfied. Others actually trade using the pure setup from Book 1 and are successful. With trading, it’s all about

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