In this video, we will be looking at the 'Core' of the Heiken Ashi McGinley Dynamic trading strategy (it needs an official name - it's coming...!), PLUS how to incorporate the Money Flow Index (MFI) into the strategy, PLUS how to incorporate VWAP (Yearly) to help with analysis. Using the core strategy, we will learn how to manage the Open Position as well as look at opportunities to ADD to the existing position.
In the last video, using 'Bar Replay,' we went back in time to a random bar and applied the core strategy using HA candles and a (5) period McGinley Dynamic Average. We added the VWAP (Yearly) to see if it can help our analysis in determining whether or not we should be Short/Long.
***CORE STRATEGY***: We will always trade AT or NEAR the average. We will BUY if the price closes ABOVE the average and SELL if the price closes BELOW the average.
In this video, we closed out the Open position for a big win, which covered for our previous losses and even moved us into profit territory. We will close out the big winner for a nice gain and even add another Short position based on the Core strategy to add to our wins.
We go on to take other trades which wound up being losers, so we're probably back to breakeven, but that's trading! We are going to stick with the Core strategy and use our supplemental tools to keep our losses small and gains big so that we can turn a profit in the market. That's how trading is done, right?!
In the next video, we will look at taking more trades using all of our tools so far and even incorporate VWAP (Monthly) to see if that can help us even more in our analysis.
See you in the next video!
In the last video, using 'Bar Replay,' we went back in time to a random bar and applied the core strategy using HA candles and a (5) period McGinley Dynamic Average. We added the VWAP (Yearly) to see if it can help our analysis in determining whether or not we should be Short/Long.
***CORE STRATEGY***: We will always trade AT or NEAR the average. We will BUY if the price closes ABOVE the average and SELL if the price closes BELOW the average.
In this video, we closed out the Open position for a big win, which covered for our previous losses and even moved us into profit territory. We will close out the big winner for a nice gain and even add another Short position based on the Core strategy to add to our wins.
We go on to take other trades which wound up being losers, so we're probably back to breakeven, but that's trading! We are going to stick with the Core strategy and use our supplemental tools to keep our losses small and gains big so that we can turn a profit in the market. That's how trading is done, right?!
In the next video, we will look at taking more trades using all of our tools so far and even incorporate VWAP (Monthly) to see if that can help us even more in our analysis.
See you in the next video!
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.