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Re: Trading XARD system (Christmas Setup)

errol, Wed Apr 01, 2020 1:54 am

I managed to get a buy entry late into the US session on the HK50 using my own algo to fit my trading style though certain indies have been incorporated from Xards trading system- thanks to Xard....Trend following is always key; however, one needs to also take into consideration that markets will only trend 30% of the time (Global uncertain periods such as we have now will likely consist of shorter intra-day trends, choppy and ranging markets vs long term trends) ..Thus, using basic principles such as the Elliot wave theory, divergence and price action will eliminate most false trade setups; indicators whatever the system may be should be used by one only to serve as secondary confirmation systems following price action.... This is how the trade setup would look like on the Xard system...
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