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Re: XARD - Simple Trend Following Trading System

RplusT, Mon Sep 28, 2020 10:48 pm

ImpLaNT wrote:
Mon Sep 28, 2020 9:40 pm
RplusT wrote:
Mon Sep 28, 2020 7:50 pm
Phuuu....I'm glad I met you guys here. After more than ten years of trading for a living, I'm in total in shock and agony, worried about my future. First I learn that at any SD levels the price either breaks through, or the price bounces from them. What an eye opening discovery! A minute later it gets even worse, only 2 in a 10,000 are profitable traders. We children are doomed. OMG, what am I going to do now? Maybe an Implant would help that tells me when the price goes up "go long" and when the price goes down "go short"??
Honestly, I don't want to arrange a showdown here, figuring out how good someone is in trading. And just as honestly I can say that I strongly doubt the veracity of your statement about 10 years of life solely due to trading. I will not go into details of my doubts. All I wanted to do was just say that you don't need to expect miracles from any trading system, no matter how wonderful it is. I in no way want to say that Xard's system is bad ... On the contrary, with each new release it only gets prettier. But, it never solved the two issues that a trader faces. This is the direction in which you need to open a position on this instrument today. And the second question is when exactly to do it. If you correctly predicted the direction of trade for today, the system gives very high-quality signals to open a position. But at the same time, if you think about the name ... Trend-following system ... That is, if this is understood literally, the author does not set himself the goal of defining market reversal patterns. His system makes it possible to join the existing trend at the most opportune moments. And how to determine the trend, everyone decides for himself. And it is in this moment that I see the main problems that people face in using this system.
This system? No, every system. People rely on indicators to show them the way and when to trade. Just because price action is moving along some line does not mean it's a trend.
Besides, it is inappropriate to express doubts about a person if you don't know that person. I started trading when I was 57 and traded for a living when I retired and decided to delete all indicators. If my math knowledge does not fail me, that was a bit more than 10 years ago.
Now back to the charts. Here are some charts.....same Instrument. Is the trend up or down? Hello...?? :D Not trading low TF's saves me a lot of money.
Xard is simply trying to help people to jump on the train in the right direction. He's doing a good job with that. But that does not relieve someone from learning more than that.

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