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Re: XARD - Simple Trend Following Trading System

normannasty, Fri Jan 31, 2020 11:51 pm

xard777 wrote:
Fri Jan 31, 2020 9:26 pm
And this is why I switched from currencies to indices...
Xard777

PS The yellow line on the 5min chart represents where the 2nd White Dot would show on the 1min chart.
The best move is generated from the 2nd White Dot towards the next Green/Red Semafor.
You mean that you view the 1 minute chart and the 5 minute chart and when the 1 minute show white dot you enter the trade?
I'm asking because the picture shows the 30 minutes chart and the 5 minutes chart.

XARD: Yes, I view the 1min and trade the 1min chart - however, it is easier to look at the 5min chart after the 1min has made the 2nd White Dot and follow the 5min.
Anyway, here is the 1min chart showing the 2nd White Dot with trading direction towards the next Green/Red Semafor for your perusal.

You are not limited to trading the 1min 2nd White Dot, you can trade off the 5min, the 15min, the 30min or off the 1hr 2nd White Dot towards the next Green/Red Semafor.
The larger the time frame, the longer you have to wait for it to play out, so it kind of make sense to play the smaller time frames out while waiting for the larger timeframe to run it's course.

Also, ask yourself how many Pip$ would I be happy with each day? A lot of traders would be more than happy with 100Pip$. Well, here is that 100 Pip$ as two trades of 50 Pip$ each with ample pips being left on the table and they are done on 1min trades that the majority of traders would not even recognise as even being trades from their 4hr and 1hr viewpoints.
On the 1min this morning HK had over +700 Pip$ after the cross of the trend line, the DOW had over +400 Pip$ - so making our target of 100 Pip$ is more than sustainable at best.
Xard777
HK50 + DOW Trading 02.png
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