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Re: XARD - Simple Trend Following Trading System

josi, Tue Oct 26, 2021 7:49 pm

Pauliz wrote: Tue Oct 26, 2021 7:26 pm I think I have misunderstood something fundamental about the "orange line" intraday bias.
Has been said in the thread thousands of times: 2nd dot
The orange line follows - so to speak - the 1st dot
As long as there is no signal that the 1st dot has become invalid it just moves on and on and on
As long as price on your reference TF hasn't closed below the fast MA all says: continuation (after all the orange line is moving upwards, if you look at WS30).
Once it has closed below that MA - you can start looking for price weakness and sellers taking over eventually.
At the moment this hasn't happened: so it was buy-time.
(So if some tell you to trade away from the orange line they use language with a lot of imprecision, enough - in fact - to make you fail in trading if you follow their words to the letter)
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