The Modified Heikin Ashi Fibonacci Trading System

The Modified Heikin Ashi Fibonacci Trading System

This book guides the readers in creating a personalized trading system that allows for the laws of averages and probabilities in an unpredictable place to work in their favor by keeping their trading actions in sync with unpredictable trends of market price of indices, stocks or currencies. <br /> <br />It also draws empirical results for the system back tested on the DJIA by walking the reader through trading the Dow. Back tests results are done for FTSE 100 and the NIFTY 50 as well, demonstrating how to maximize profits and minimize losses by riding and exiting trends. <br />That goal is achieved by modifying the standard Heikin Ashi chart quite a bit and using the Fibonacci ratios to create triggers for entry and exit points while instructing the readers in detail to create their own spreadsheet and charts, assuming the readers have some working knowledge of a spreadsheet. Continued results for the example indices are also updated regularly at the author's website.