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.
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. In this video, we will now add the VWAP (Yearly) to see if it can help our analysis in 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 looked at how to identify BULLISH/BEARISH Divergence using price and the MFI, and we took another trade and got STOPPED OUT AGAIN!!! After incorporating the VWAP (Yearly), we saw that the price was trading OUTSIDE of (3) Standard Deviations on the VWAP (Yearly), making it prime time for a SHORT trade. We engaged the SHORT trade following our Core strategy, and it has so far made up for all of our losing trades so far!
So far, we are down (4) trades with an OPEN WINNER. As we add more components to the strategy, will we gain a better understanding of the true market direction and where it might be headed so that we can make up for our losses?
In the next video, we will look at managing our OPEN WINNER and how to possibly even ADD to our position for a bigger overall gain...
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. In this video, we will now add the VWAP (Yearly) to see if it can help our analysis in 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 looked at how to identify BULLISH/BEARISH Divergence using price and the MFI, and we took another trade and got STOPPED OUT AGAIN!!! After incorporating the VWAP (Yearly), we saw that the price was trading OUTSIDE of (3) Standard Deviations on the VWAP (Yearly), making it prime time for a SHORT trade. We engaged the SHORT trade following our Core strategy, and it has so far made up for all of our losing trades so far!
So far, we are down (4) trades with an OPEN WINNER. As we add more components to the strategy, will we gain a better understanding of the true market direction and where it might be headed so that we can make up for our losses?
In the next video, we will look at managing our OPEN WINNER and how to possibly even ADD to our position for a bigger overall gain...
See you in the next video!
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Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.