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Swing Trading Using the 4-Hour Chart 1-3: 3 Manuscripts: Book 1: Introduction to Swing Trading, Book 2: Trade the Fake!, Book 3: Wher
Swing Trading using the 4-hour chart 1-3: 3 Manuscripts Swing trading is too fast for investors and too slow for day traders. It takes place on a timeframe in which you will find very few professionals traders. Swing traders usually use 4-hour charts. This period falls exactly between that of the investor and the day trader. As a swing trader, you are prone to sit on the fence, and that's good, because here you are almost alone. This book describes the swing trading method of the Heikin Ashi Trader. It is ideal for individual investors who do not want to sit all day in front of the computer screen. Part 1: Introduction to Swing Trading 1. Why Swing Trading? 2. Why should you trade using the 4-hour chart? 3. Which markets are suitable for swing trading? 4. What instruments you can swing trade? 5. Swing Trading Setups A. Support and Resistance B. double top and double bottom C. breakouts D. flags and pennants 6. Money Management 7. Why you need a Trading Diary 8. What is it all about? Part 2: Trade the Fake! In the second part of the series "Swing Trading using the 4-hour chart" the Heikin Ashi Trader speaks about the phenomenon of stop fishing and Fakeouts as well as the many deceptions that major players and algorithms stage in today's financial markets. These often seem more the rule than the exception. 1. A feint at its finest! 2. How to identify fakes? 3. How do I trade Fakes? 4. Fakes at technical chart patterns A. flags B. triangles C. Trend Channels 5. Trading cross rates 6. More complex patterns Glossary Part 3: Where Do I Put My Stop? In the third part of the series on "Swing Trading using the 4-hour chartì, the Heikin Ashi Trader treats the question on where the stop should be. Once a trader stops introducing stops, he will discover that his hit rate will worsen. However, by doing this he gains full control of the trade management. Stops are therefore not unavoidable, but remain an integral part of a trading system that is profit-oriented. Table of Contents 1. Are Stops Necessary? 2. What Is a Stop Loss Order? 3. Stop Management 4. Play Your Own Game 5. Cut Your Losses 6. And Let your Profits Run 7. Stop Management in Trending Markets 8. Stop Management with Price Targets 9. The Swiss Franc Tsunami, a Healing Moment of the Trader Community 10. How Many Positions Can I Keep at the Same Time? Glossary
189 pages, Kindle Edition
Published September 15, 2016
31 people are currently reading
61 people want to read
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Displaying 1 - 4 of 4 reviews
July 26, 2025
not particularly impressive
not particularly impressive, what referred to as a strategy, more genetic reversal patterns than anything else the use of Heikin Ashi candles in no way novel.
not particularly impressive, what referred to as a strategy, more genetic reversal patterns than anything else the use of Heikin Ashi candles in no way novel.
May 20, 2022
One of my favorite trading book in the beginning as it introduced to me the world of trading with some key concepts, and I always find the book very practical and easy to apply. The author, while calling himself Heikin Ashi Trader, introduced a type of candlestick, that spoke about the market trend more visibly and which is called, well, Heikin Ashi candlestick. The author chose to trade with a four-hour timeframe, meaning medium term swing trading with the market range you identified. One of his very strong proposition, that market was traded sideway inside a rectangle 90% of the time and it is much less stressful to trade position than day trade.
Four-hour timeframe is perfect for "swing trading, too slow for day traders and too fast for investors". Combining it with Heikin Ashi candlestick, you could see clearly the trend inflection points, indicating where money/ capital flows are going in a trending market. Ultimately, whether the market is bullish or bearish is every trader's question. False signals given by the traditional Japanese candlesticks could be filtered out, e.g. a bearish Japanese candle might be a bullish Heikin Ashi candle in a bullish swing so that you won't get contradicted about the direction it is genuinely going. Heikin Ashi candles are not perfect but for beginners, they are suffice and easy to understand.
Heikin Ashe candles are not perfect because, just as less stressful as it is during trading, they are also slower to tell when the trend is truly changing. By the time you found the inflection point in a Heikin Ashi trend, it might be too late to get out and larger than usual loss can be incurred. Of course, it can be mitigated by a very strict risk management. In general, swing trading can potentially be much more profitable than day trading but still, swing trading can incur more losses than if stop loss isn't set right. Besides, the author's approach was trading the consolidation and sideways movements, and as he admitted, it would be more suitable for a market which was not in a trend but a volatile sideways movements. And this, the author said, you gotta be patient to wait for such a market to come.
The author strategy was therefore somewhat contradictory to the use of Heikin Ashi's for the purpose of identifying a trend in the market. For many day traders, they do not like to trade for sideways movement, i.e. a tightening formation for them in which it was too murky to trade. As the author says, "For day traders, timing is everything. For swing traders applies: the direction has to be right." After all, the author said he earned big when he was patient to wait for the right, extraordinary moment to strike. Overall, the books contains a lot of practical advices and tips (money management, trading diary, identifying fake-outs, etc.) It is also a very good book for novice traders with a sound and viable trading strategy.
Four-hour timeframe is perfect for "swing trading, too slow for day traders and too fast for investors". Combining it with Heikin Ashi candlestick, you could see clearly the trend inflection points, indicating where money/ capital flows are going in a trending market. Ultimately, whether the market is bullish or bearish is every trader's question. False signals given by the traditional Japanese candlesticks could be filtered out, e.g. a bearish Japanese candle might be a bullish Heikin Ashi candle in a bullish swing so that you won't get contradicted about the direction it is genuinely going. Heikin Ashi candles are not perfect but for beginners, they are suffice and easy to understand.
Heikin Ashe candles are not perfect because, just as less stressful as it is during trading, they are also slower to tell when the trend is truly changing. By the time you found the inflection point in a Heikin Ashi trend, it might be too late to get out and larger than usual loss can be incurred. Of course, it can be mitigated by a very strict risk management. In general, swing trading can potentially be much more profitable than day trading but still, swing trading can incur more losses than if stop loss isn't set right. Besides, the author's approach was trading the consolidation and sideways movements, and as he admitted, it would be more suitable for a market which was not in a trend but a volatile sideways movements. And this, the author said, you gotta be patient to wait for such a market to come.
The author strategy was therefore somewhat contradictory to the use of Heikin Ashi's for the purpose of identifying a trend in the market. For many day traders, they do not like to trade for sideways movement, i.e. a tightening formation for them in which it was too murky to trade. As the author says, "For day traders, timing is everything. For swing traders applies: the direction has to be right." After all, the author said he earned big when he was patient to wait for the right, extraordinary moment to strike. Overall, the books contains a lot of practical advices and tips (money management, trading diary, identifying fake-outs, etc.) It is also a very good book for novice traders with a sound and viable trading strategy.
September 21, 2016
Great book(s) for any level trader!
I found these books to be very informative for any level trader. I would personally consider myself an intermediate trader, but I ha e read enough books on all forms of Trading from beginner to advanced to know any level trader would find some portion of these books useful too him or her self. It would be very good for a beginner based on the ease of reading it and all topics described in simple detail for anyone to understand. I also feel he goes into each topic enough, so even a more advanced ed trader would be able to take away some new insights to a number of the topics. So if you are looking to just start your adventure into swing trading I would recommend these books as a great starting point especially for the value you'd get for the price. Or if you are an advanced trader these books will definitely give you something you may not of known before, again especially for the fair price they are selling for as a group.
I found these books to be very informative for any level trader. I would personally consider myself an intermediate trader, but I ha e read enough books on all forms of Trading from beginner to advanced to know any level trader would find some portion of these books useful too him or her self. It would be very good for a beginner based on the ease of reading it and all topics described in simple detail for anyone to understand. I also feel he goes into each topic enough, so even a more advanced ed trader would be able to take away some new insights to a number of the topics. So if you are looking to just start your adventure into swing trading I would recommend these books as a great starting point especially for the value you'd get for the price. Or if you are an advanced trader these books will definitely give you something you may not of known before, again especially for the fair price they are selling for as a group.
October 8, 2016
Contains some nuggets...
Another piece of trading education using Heikin Ashi candlesticks. This book is quite contrary to the authors scalping series. Heikin Ashi Trader, so the author's pen name, explains everything well. Screenshots show examples - a picture says more than a thousand words. I found a few real nuggets int the book. Look in the chapters for stop management and trading psychology, and you'll find them. When reading the book, it becomes clear, that the author is a trader in real life and that he knows his stuff. Unfortunately, there are many books on the market where this is not the case.
Another piece of trading education using Heikin Ashi candlesticks. This book is quite contrary to the authors scalping series. Heikin Ashi Trader, so the author's pen name, explains everything well. Screenshots show examples - a picture says more than a thousand words. I found a few real nuggets int the book. Look in the chapters for stop management and trading psychology, and you'll find them. When reading the book, it becomes clear, that the author is a trader in real life and that he knows his stuff. Unfortunately, there are many books on the market where this is not the case.
Displaying 1 - 4 of 4 reviews