I'm trying out the new system today. Wasn't able to find any opportunities on HK50 and DOW so I went to check out currencies and saw a good opportunity.
So I placed an buy order based on the semafor, which is the red dots at the bottom, around the second white/blue dot level, after the candle turns blue.
But for some reason the pair keep breaking through the second white dot and recalculate, causing huge losses multiple times. Not sure why is it doing that. Now there are no more second white dots anymore. But I'm stuck in the positions that I placed. What am I doing wrong? How can I prevent such issue from happening in future?
I've drawn the previous second white/blue dots position to the best of my memory using yellow brush.
Thanks
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Re: XARD - Simple Trend Following Trading System
navlem, Wed Feb 05, 2020 6:42 pm