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Old 07-15-2009, 09:02 PM
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Quote:
Originally Posted by dznmrd View Post
Hi, Im not against this strategy or somethin. But i have quit using heiken ashi candles because 90% of the forex traders don't use it and you spot on right it puts a person as a disadvantage, one being that heiken ashi are not price following candles. Good for trending markets, when it trends strongly. But the fact is the market doesn't trend strongly 80% of the time.

Id say a couple of MA's and price action is all a trader need to make his money.

BTW, ive been in the fx500club trading room a few month ago for 2 weeks using my friends membership login, just because he wanted me to try it out. It had been 2 weeks in the room and i couldn't make a profit so then i decided to quit (maybe i was going wrong somewhere). These guys are london traders and draw a triangle everyday waiting on the london breakout and trends, London breakouts have been a biatche lately.....
We don't use them any more.
Many of our previous students have also grown out of them.
Great for beginners but not as good as candles.

Good luck
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