2-8-12 NQ premarket – Heiken Ashi application

Heiken Ashi – the bar trend detector indicator.

Daily chart without Heiken Ashi
Shows a down bar, and we are confused if its a retracement or a reversal.

Daily chart with Heiken Ashi
Its more clear that its still uptrend. Bars are still in blue, despite down days.

Today should be a bullish day!!!

60min chart
seems downtrend today. But we are bullish, and thus will look for rebound to long, instead of short.

15min chart
We look towards a MACD long signal today. Perhaps at day time, or during market hr. But its the most likely setup.

Long @ 2630
Short@ 2590
That will be the setup for the day.


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