Attachments forums

List of attachments posted on this forum.


All files on forums: 135323

Re: XARD - Simple Trend Following Trading System

xard777, Thu Mar 11, 2021 8:25 pm

As a lot of you will know that I tend to scalp my way through the intra-day, make my Pip$ on the 5m chart with quick short moves and let two or three trades make up my daily target. This can leave a lot of traders a bit confused so I would like to point out an easier more classical way of trading using this system.

That is to trade using the 1hr and 15m charts. The 1hr TF gives us our road map and keeps us safe on our trading journey. The 15m TF is our entry points along the journey's way.

If you look at the US500 charts below you will see where our Journey starts five trading days ago (last Friday) at the bottom Perimeter Dot.
The 1hr chart is grayed out on our first trade on the 15m off the 2nd Dot (3740.61) where we would have taken a BUY at the cross of the Trend line.
Our second trade is now highlighted on both the 1hr & 15m with a BUY at the cross of the Trend line just at the Open line. Anyone of these trades would have made us our daily target.

From the Bottom Perimeter Dot we are in BUY mode and from the 2nd trade onwards the 1hr VQ is UP confirming that we should be in BUY trades for the past five days. The 15m TF shows us clearly where to get in on these trades, hit our targets and get out and repeat each day. Book our Pip$ and move on.

This is not rocket science folks, please take the time to look at both charts and ask yourself "Could I do this? be consistent with my intra-day trades".
You just need to focus, the 15m & 1hr strategy will work wonders for your trading account.
Xard777

NB If you are on the 15m chart, you could show the T2MA line (set to true in FX4 STD input menu) as this shows the 1hr line on the 15m chart.
Plus, you can also set the alarm on the 15m VQ to true to help with entries.
All files in topic