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Re: XARD - Simple Trend Following Trading System

josi, Fri Mar 12, 2021 5:45 pm

AlexBello wrote: Thu Mar 11, 2021 11:44 pm new red perimeter dot on H1 (you still can see it now) appeared in the evening of 08/03.
XARD: On the 1hr TF watch the VQ
Very good point as it applies to all repainters.
Personally, I disregard the last semaphore signal (in this case red perimeter) until price has closed under EMA9.
After it has done so, I take the view that it can go either way and watch what price is doing.
As you are not supposed to take a trade until the second dot has appeared there is no risk yet.
If price closes above EMA9 again - I take the long view again.
If price goes further down (i. e. close below EMA36) I take a short view and wait for the second dot down.

(Just as a reminder to all who just start their trading journey: it may be less painful if you know what you are looking for right from the start. This is H4 - reference TF - GBPJPY. A christmas present if there ever was one.
A nice long uptrend (HHs and HLs) with lots of easy entries on H1 and M15.)
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