Day Trading with Heikin Ashi Charts (Day and swing trading of stocks) by Tim Haddock

Why we wrote this book
 Like many of you who started trading as a way to make some money on the
 side or to pursue the goal of financial independence we have been
 collecting and reading a ton of books on trading. From the classics like
 Edwin Lefevre, Reminiscences of a stock operator or Charles MacKay,
 Extraordinary Popular Delusions and The Madness of Crowds to the modern
 books heavy on mathematics. One of the more recent books which we
 found to be an excellent guide to trading strategies is John F. Carter,
 Mastering the Trade.
 Yes, we have learned a lot from those books, though we did not find the
 holy grail of trading. We have seen the development of different types of
 charts and the crea on of a myriad of technical indicators, facilitated by the
 advent of the PC making all these tools accessible to every trader.
 Some technical indicators did indeed work – at least for a while. Then after
 a period of uselessness they worked again – for a while. Back testing helped
 to find what worked in the past, naturally without any guarantee for future

results. Depending on the look back period you got totally different results.
 With a skillful selection of the look back period you could promote any
 indicator or system as the ultimate system and make tons of money selling
 it. Some systems were selling for several thousands of dollars making the
 creators rich without the need of doing a single trade. This, of course, was a
 constant source of frustra on for the hopeful souls purchasing those
 systems and seeing their capital erode using them.
 One thing remained the same over the years, trivial as it is. Stocks or any
 other financial trading instrument moved either up, down or sideways. And
 when they moved, they moved in trends, some of them in a more orderly
 fashion, others with wild swings scaring the daylights out of a novice trader.
 Retracements are part of the game, since nothing moves straight up or
 down. The big ques on always was, is that just a retracement, giving you
 the opportunity to buy the dips or is it the beginning of a reversal? If you
 have the correct answer you are on the way to riches.
 Whether you consider a move a trend or a just a retracement depends on
 the me frame you are watching. What looks like a nice tradable trend on a
 daily chart, may just be a retracement on the weekly chart. The quest we
 are pursuing with this book is to help you to identify an emerging trend in
 its infancy and ride it as far as you could within the meframe of your
 choice. We will show you a solid strategy which you can pursue with readily
 available tools within your charting package or trading platform. All this
 without the need of manipulating spread sheets which would be unpractical
 in a day trading situation. This strategy focuses on riding the trend for as
 long as possible while tightly limiting the risk.
 We will demonstrate our strategy on the very elaborate and versatile Think
 or Swim platform (ToS) which is supported by the online brokers TD
 Ameritrade and thinkorswim.com. This is simply because it’s the platform
 we are familiar with and we cannot cover other platforms in this limited
 space. But you may certainly use any other broker or platform you like. You
 should be able to duplicate virtually all the setings we are using for the
 Heikin Ashi Trend Trading Strategy.

Day Trading with Heikin Ashi Charts (Day and swing trading of stocks) by Tim Haddock