Okay, so these trades were all taken with XARD system on the 5 min charts and a Gold trade that was ended in SL (signal also repainted)Skyold wrote: Wed Oct 21, 2020 8:00 am
Hello tomsabo,
First of all, welcome to Forex Station and also to your first post in this thread.
I think it's great that you've tested this system a few times according to your ideas. I emphasize especially after your introduction because nobody knows where you put your SL.
Traderokey is right, post your trades, because there are many helpful members here in the forum.
Perhaps you will get one or the other tip on what will help you further.
XARD: Hi there, sorry to hear that you are taking losses - Is there any way that you can trade Indices such as the S&P or Dow Jones?
I stopped trading currencies years ago and do not trade gold or any of the bitcoins. With the smaller movements in forex I think that you have to go with a higher timeframe which means that you will have to be in the market longer. With Indices larger moves you can be easily traded in smaller timeframes.
If you can't trade indices than I would trade currencies with larger movement such as GBPAUD, GBPNZD, GBPJPY on a 4hr/1hr timeframe.
