How To Use Heikin Ashi Candlesticks (from a pro trader)

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In this Montreal Forex trading vlog, I join full-time trader Michael Toma to discuss how to use Heikin Ashi candlesticks and the backtesting I've been doing in the past couple of days. Vlog #309
Other collaborations with Michael Toma
- Applying Risk Management In Trading: • Michael Toma: Applying...
- Met Up With A Professional Futures Trader: • I Met Up With A Profes...
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My name is Etienne Crete (from Montreal, Canada). I'm a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.
I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That's why you can expect more free content from me than what other people charge for!
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This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.
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[@mollasima3251]

Heiken Ashi explanation starts 6:20 --- beginning is just chit chat.

[@IMChrisThom]

Thank you. The intro seemed to go on FOREVER

[@jM-cj8qx]

thank you. I dont want to listen to half the video of dribble.

[@rahulphadke3]

Thank you for saving our time.

[@aurorahiraeth5896]

Time is money

[@mnbialecki1156]

Thank you… I agree, time is money 💰

[@borat_trades2860]

Watch from 6:20

[@MrChangeordie]

10-4 I got a BAD habit of skipping forward in videos anyways 😆 some videos are to much talk and not enough show or examples.

[@thetonycam3944]

Thank you

[@howardhill3395]

showing a chart with Heiken, with him explaining the trade would be a lot more helpful than all the talk

[@DesireToTRADE]

We did that right here: kzbin.info/www/bejne/f4q0ZHysfdmFp6c

[@howardhill3395]

@@DesireToTRADE thanks Etienne

[@ariellechrichlow395]

I've been using the Heikin Ashi candlesticks in my trading for a little over a year now and I love it

[@DesireToTRADE]

Fantastic to hear, Arielle! Thanks for sharing :)

[@juke1225]

They are way better than regular candles. I agree!

[@fastserious2589]

Hi Arielle, do you mean you use both Candlestick and Heikin ashi charts and use heikin ashi as confirmation?

[@naldotubo]

Any other tips?

[@olusolapelumi6660]

It also helps my MACD look so clean

[@arickras4836]

Étienne you are an amazing person AND very passionate about the topic ....respect.!!!

[@DesireToTRADE]

Thank you, Arick! I'm glad I can add value!

[@vikramjeetsran653]

I use Heikin Ashi candles with RSI divergence. It gives me amazing result in trend and for scalping.

[@DesireToTRADE]

That sounds like a good one!

[@richydubz4302]

I’ve been working on a plan for this too as my rough backtests have been promising. What timeframe did you prefer? How’s it going today?

[@paulkennedy4305]

Hi Etienne - I just found you and was thoroughly impressed with your interview of Michael. Great questions with clear answers. I need help and was wondering if you would be willing to find out from Michael the numerical parameters for the HULL MOVING AVERAGE and VWAP he uses? I would be forever grateful and now that I found you I look forward to viewing more of your videos and passing them onto friends. Thank you for helping. Paul Kennedy

[@yudhz89]

Been waiting the next series of heiken ashi since yesterday! Lol. Awesome interview as always..

[@DesireToTRADE]

There it is :) Took a little bit of time off backtesting to edit this one...

[@DesireToTRADE]

Michael and I just recorded a new video on Heikin Ashi that you might like: kzbin.info/www/bejne/f4q0ZHysfdmFp6c

[@sharonoconnor2107]

Great interview as always! Thanks Etienne

[@DesireToTRADE]

Thank you, Sharon!

[@calmnarrative]

I have been using Heikin Ashi from the start of my trading career.

[@PhilipVels]

I really liked this video with Michael Toma! Very easy to listen to!

[@DesireToTRADE]

Awesome! This was very casual :)

[@allthingsnu4673]

I'm a new trader - I started learning 6 months ago. I've made more money using Heikin Ashi candles than with the regular candles. I've tried to use the regular candles because I learned with them, but I tend to lose money with them so I trust the HA candles more.

[@christopherangsomwine8713]

Are u making consistent results with hiken Ashi?

[@allthingsnu4673]

@@christopherangsomwine8713 No, I'm not. I think HA are better for entries than exits. I have to try to get out of the trade before the candles get smaller even if the color hasn't changed yet because profits are being lost as the candles get smaller.

[@Paulbericht1]

Thank you Etienne and Michael for this nice and interesting Video.

[@DesireToTRADE]

Glad you got value out of it, Paul! Thanks for the comment!

[@sbchport]

My take away: Really know what you should or say you do know, then prove it in the backtest :) Thanks again Etienne for a quality interview with credible professionals.

[@DesireToTRADE]

Thanks for the comment! I kind of like those laid-back discussions too :) More to come!

[@razzyp3999]

Mr Toma makes a alot of sense..interesting look forward to more!

[@DesireToTRADE]

Hey Arthur! Glad you liked this video :)

[@catladytrucker7608]

Good direct answers to questions. Appreciate that! 👍

[@danielslara2010]

Great interview, Michael is very knowledgeable.

[@DesireToTRADE]

Glad you liked it, Daniel!

[@benjamina2979]

Cool thank you. I use ichimoku with my trades

[@DesireToTRADE]

Awesome :)

[@brendinnicolas4255]

Thank you for the great video, extremely grateful

[@DesireToTRADE]

Very glad you liked it!

[@REMAX_CCA]

Being a Heiken Ashi user, I enjoyed this video very much, thanks! Quick question - when scalping or day trading, how many position do you keep open? I've been keeping 2-3 positions open, but I'm considering lower to 1.

[@SneakySteevy]

Je me suis abonné! Je trade depuis 2015 et j’ai découvert les henkin ashi candle récemment et je les adore. Trend are so much easy to spot!

[@DesireToTRADE]

Content d'entendre ça!

[@alexandreconte7916]

He is a pro trader because he can look at two charts at the same time

[@ahsanabdulqader1553]

Lmaooo bishhh 😂😂😂

[@innate7260]

Lol, thats sooo mean, but damn funny🤣🤣

[@myfavyoutubers]

😂😂😂

[@EvantheEvolve]

Oh no you dint 😂

[@rkyagee1927]

Wait what

[@JustinKirby07]

Hi! What is that High/Low with the price indicator on your chart named or what is it called in TradingView? Thanks!

[@dineshagrawal5803]

I recently heard about this and I'm gonna throw this as part of my trading strategy.

[@wilcurran3377]

What a great guy. Thanks!

[@jaycee5549]

Meetup in Montreal was great last night!

[@DesireToTRADE]

Thanks for coming, James!

[@arcdisney]

Very well done video, Easily explained and easy to understand

[@Montrealerdiscovers]

Market profile definately value area breakout and breakdowns definately will give you great context to the market you’re trading.... Who is this guy you interviewed

[@DesireToTRADE]

This is Michael Toma, the author of the book Risk Of Trading.

[@brian17411]

liked and subscribed, this was the first video i watched on your channel, good stuff!

[@DesireToTRADE]

Thank you!

[@VakoCavender]

but the heikin ashi candles didn't even start at the right price, how can you use it to enter a trade

[@DesireToTRADE]

You can usually base your rule on entering when the candle forms - even if it's not exactly the same price.

[@shah1668]

i usually use pending order at round numbers on daily chart.

[@jguillermo7067]

Would placing an 1 ma show prices? And for trend a 17 ema? And when they are consolidating seeing wicks upper and bottom on HAs would placing an alert breaking a price will assist? Just a thought.

[@DavidFaratian]

This was very informative. Really enjoyed this guy's perspective thanks Etienne

[@DesireToTRADE]

My pleasure, David! Thanks a lot for the comment!

[@nizal9388]

Is it possible to code a robot that detects a change in heikin ashi colour?

[@DesireToTRADE]

Yes, definitely!

[@pilotrakeshpatel]

I want a heikin ashi robot alert system, do you have it ?

[@heartdisciple]

Awesome. im trying Heikin Ashi .

[@Tabu11211]

Kagi next!! I love it for the second charts but I would love to hear how a pro uses it.

[@DesireToTRADE]

BIG Thank you to Michael for sharing his knowledge! What are you taking away from this interview?

[@joeh4694]

Etienne Crete - Desire To TRADE very interesting. I am a big fan of statistical significance, I have commented about this on previous videos you have done. I would love to hear what he looks for on market profile statistics. Also when your in Europe are you hitting London England?

[@DesireToTRADE]

Michael is always saying "do what the data tells you to do." That's very similar to what you're saying, Joe! I'll try to dive on market profile with him a little more I'll be in London from April 24th to 29th :)

[@wehttamak]

take away successful people don't share much information for free .. notice how some questions are not really answered

[@dannygreen531]

Thank you both very much

[@DesireToTRADE]

Most welcome 😊

[@travel-trade]

Is it easier to get results with HA when on a larger time interval such as a daily chart or 4 hour chart?

[@DesireToTRADE]

Michael says it's not easier... but there'll be less noise on the higher timeframe

[@TimeaCseri]

Hope you had success since 3 years now🤭

[@beyondthenature]

Yes, in case you have a capital of more than 100k

[@rickdeckard9810]

Etienne, do you trade crypto as well?

[@DesireToTRADE]

No.

[@meto4837]

i love the subtitles

[@mintaxis1433]

😂

[@Fm-ho8kc]

thanks

[@explorster]

I only use HA for exits

[@michaelbotros7540]

Sir, I have a simple question: what if I adjust my stop loss and suddenly the market makes a gap on my stoploss , Can hekien ashi candle sticks close my stoploss or not ?.

[@DesireToTRADE]

No, candlesticks have nothing to do with stop losses.

[@michaelbotros7540]

@@DesireToTRADE So , you mean that If there was a gap in normal japanese candle sticks , heiken ashi will only hide the gap but won't close or open any order was in that gap, am I understand you right ?

[@gregorsamsa1364]

@@michaelbotros7540 stop losses are triggered by price. doesn't matter what sort of chart you use

[@LetsGetABag]

please do a video on range bars instead of heiken ashi or candles. theres literally no videos on the internet for that im starting to think its on purpose

[@bumblebeehomecare424]

sorry to have miss you, would love to meet you if you eve do come singapore again

[@DesireToTRADE]

Sure! I'll probably go back next time I'm in Asia, A lot of traders there!

[@Homeb]

Montreal looks dope

[@DesireToTRADE]

I miss it! I'll look like a tourist when I go back in December :)

[@chrisporter1099]

I came for the candles but I stayed for the lazy eye

[@AlienYieldFarms]

🤣🤣🤣

[@SuperMrozzy]

ahahahah im dead :D

[@pipqueen1]

One eye looking at you and one eye looking for you 😂😂

[@nizal9388]

Hi Etienne thanks for the response. What software could I back test and automate a strategy based on heikin ashi or/and tick charts. I know MT4 has problems with tick charts

[@DesireToTRADE]

MT4 is probably your best bet from what I know, but as you know tick charts won't work.

[@IsaacMoscovich]

Great one!

[@nozzer2002]

do heiken ashi candles repaint? thanks in advance :]

[@DesireToTRADE]

No, they should not repaint.

[@zaza6510]

One use vertical screens nd other use horizontal, choice is urs.

[@kellyoliver3873]

Good people

[@jasonwhite8787]

🌻

[@italitally2989]

i wanted to hear about the coolest airport...

[@hunter21331]

make it sence

[@Montrealerdiscovers]

Heyy i live in montreal let’s meet at some point

[@DesireToTRADE]

Feel free to come to our monthly meetup!

[@kevinp113]

He really didn't say anything much LOL

[@greengratitude5045]

2:57

[@paroparo4399]

🤣

[@Jon-ww2lf]

Lmao Guess I wasnt the only one who noticed that lmao

[@jerrypangan2997]

@0:05 is he a Gekko or a lizzaard? something like that

[@Swishasweet2811]

this video doesn't even show how to use the hienken ashi candles this title is misleading it should be called how ot works smh

[@DesireToTRADE]

I appreciate the feedback Texmex89 but the video would have 2 views at most if it were titled this way.

[@otislauwaert1407]

@@DesireToTRADE So you admit you're deliberately misleading people for your own profit. You're not a good teacher.

[@DesireToTRADE]

Michael and I just recorded a new video on Heikin Ashi where he's sharing his chart: kzbin.info/www/bejne/f4q0ZHysfdmFp6c

[@EU_058]

This guy is giving free game and you’re being jerks?? That’s sad

[@gene_Code]

I am distracted by his lazy eye😅

[@mmhazby]

Can I ask why does the interviewer keep staring at the camera? 🤣

[@DesireToTRADE]

That's called eye contact :)

[@transparent91]

Someone subtitle the blue shirt dude in this video. And don't have background music on top of that. Can't understand shit what he says

[@DesireToTRADE]

+transparent91 okay.

[@evantrades]

Rude

[@elio4884]

bro this guy stopped the music for his questions and fucking blurres the alpha hahahah. A for effort tho man

[@shaanbae6096]

I didn’t know which eye 👁 to look at

[@collybeans586]

Is that your big dilemma?

[@shaanbae6096]

@@collybeans586 yeah 😎👍

[@JuanMendoza-qd5lm]

@@collybeans586 I know, says much more about them.

[@elio4884]

no need for music when ur coach is dropping alpha lol...

[@sridharm6865]

Useless video, he never revealed what's his exact strategy with heikinashi.

[@DesireToTRADE]

Are strategies everything there is to trading?

[@DesireToTRADE]

Michael and I just recorded a new video on Heikin Ashi where he's sharing his chart. You might like this one better: kzbin.info/www/bejne/f4q0ZHysfdmFp6c

[@felipemartinez1275]

Étienne, please speak iintelilligble English. It´s really hard to undrestand you!

[@Sebastian-gv2iv]

His right eye still follow candles 😁

[@bmsscalptrader]

Theory doesn't work and better Practical charts

[@DesireToTRADE]

Have you started testing it, then?

[@DesireToTRADE]

Michael and I just recorded a new video on Heikin Ashi where he's sharing his chart: kzbin.info/www/bejne/f4q0ZHysfdmFp6c

[@richardlim2991]

Very boring interview and just casual remarks .

[@DesireToTRADE]

Thanks for the feedback, Richard

[@DesireToTRADE]

Michael and I just recorded a new video on Heikin Ashi where he's sharing his chart. You might like this one better: kzbin.info/www/bejne/f4q0ZHysfdmFp6c

[@yia73]

Irrelevant video as he didn't elaborate on what he actually means and does while on charts?

[@DesireToTRADE]

That’s why we recorded part 2 here on the charts: kzbin.info/www/bejne/f4q0ZHysfdmFp6csi=2hbsO0u3GC29HtBh

[@MrChangeordie]

To much talk with no show

[@kevindayers8761]

Useless title... "how to use"

[@DesireToTRADE]

Thanks for the feedback

[@mrtrashpanda3606]

Hes eyes made me dizzy

[@DesireToTRADE]

Maybe you're too sensible :)

[@takisbakalis]

Rude

[@v3gas102]

*his

[@MikeyDavis]

Careful, you can become cross eyed at any point in life.

[@qwer123211]

Too much BS!!!

[@DesireToTRADE]

Feel free to refer to this video where we go over chart examples: kzbin.info/www/bejne/f4q0ZHysfdmFp6c

[@ansamaniag]

Heikin Ashi or What this guy do for a living video? absolutely crap...XD

[@NM-wh8ms]

Man you need to relax a bit and less self-conscious, anyways thank you for the content keep it up!

[@fernandodavidez757]

learned zero thanks !

[@Crystal_G_1989]

Yes, you learn nothing because he is not using heikin ashi, he used bar instead.

[@zakariareddad5942]

show screen dont show ur face we are trader here not fashion cloths we dont need to see ur pretty face

[@georgecharles5149]

Did not enjoy this, did not give an worth tips, waste of time. ..

[@mann234]