I don't know if it was just blind luck but this is the perfect example of how it all should play out.
This enclosed image is text book - pls study.
Gold Square = Trend Top, we should see the market go DOWN from here.
Red Square/White DOWN Arrow = Cycle Top, we want to take SELL trades off the Red Dots from the Red Square.
White Circles = temporary market change i.e Pullback/Continuation of the cycle.
Green Square/White UP Arrow = Cycle Bottom, we want to take BUY trades off the Green Dots from the the Green Square.
Blue Square = Trend Bottom, we should see the market go UP from here.
Trade the 1hr/15m charts (scalp the 5m)
I will post an update over the weekend.
Xard777
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Re: XARD - Simple Trend Following Trading System
xard777, Sat Oct 17, 2020 1:24 am