So what is Heikin Ashi (HA)?
In Japanese, Heikin means “average” and Ashi means “pace”. So together,
Heikin Ashi means the “average pace of price”.
HA is a type of candlestick charting technique used to help filter market noise.
So Darth Vader is to Luke Skywalker, as Munehisa Homma is to HA.
Homma realized that by tracking the price action in the rice market, he could actually “see” the psychological behavior of other market participants, and make use of it.
Here’s an example of a chart:
To the untrained eye, the chart looks like your typical Japanese candlestick chart.
They’re the same right?
There’s a BIG difference between the two types of candlestick charts.
In our next session, let’s learn what that difference is.
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