Replies to post #135320 on Simple's Green Room

[simplegreen]

Good afternoon pennies...might I suggest the cure for jumping the gun is simply go to Heikin Ashi on one of the watched charts for a particular pair..M15 or M30 is usually good for this.I usually run several charts on my pair of interest and one is always an HA chart..saved my butt more times than I can count.The unique thing about HA candles is that a new candle ALWAYS starts at the middle of the previous candle..so if an HA candle starts green its in the upper half of previous candles range(bullish)..if it starts red then its in lower half of previous candles range(bearish).This by itself is not to be traded by but a part of a checklist like you have been saying on other indicators etc....I cant tell you how many times I almost entered a short when M30 HA seemed to disagree with me.Til you get a breakdown on HA candles you will not get a reversal of price action .