I’ve been a bit slack with my FOREX trading ever since the USD started going sideways or gaining a little on the other currencies, I’ve been waiting for a good trend to establish itself before I take any new positions.
To keep myself occupied I’ve been really busy with work. I’ve also been doing a bit of looking at Heiken Ashi since there are a few people searching for it and finding my site, and well there isn’t a whole lot of information about Heiken Ashi available online. I went looking for some good screengrabs that I can take for a Heiken Ashi article, and created a metatrader account with Alpari (the details for it are here) so that I can look at some stocks, futures and commodities (the demo doesn’t show all, just a few select ones), I was looking at Gold and well it’s been going up for the last several years and seems just recently it hit a top, when you switch to monthly candlesticks you can see a very very clear Doji, will be interesting to see the future price direction if that doji gains confirmation as a reversal signal.
Gold Weekly Chart
Since it was Heiken Ashi that I was originally looking at here’s the gold daily chart with Heiken Ashi candlesticks, it may not be the best example, though see how Heiken Ashi smooths out the trend so you get better indications of reversals?
