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Re: XARD - Simple Trend Following Trading System

RplusT, Sun Oct 31, 2021 10:07 pm

josi wrote: Sun Oct 31, 2021 2:59 am Everything can be seen in price action.
Yes, start your own thread.
Absolutely, Josi, that's what it is. I give a sh* about fundamentals, technical or even sentiment analysis. When the price goes up you go long and vice versa. One just needs to know when such high possibility trade occurs.
For that to know I use a simply technique. I got three candles on my chart.....D1,4H and for short term H1. During the day I mark highs and lows of those candles and their opening levels. Some levels may need adjustment during the course of the day or days as not all levels turn out to be important. Some may exist already from days before and are still relevant. Sure enough one can watch price action at those levels.That's all there is.
Besides all starts with the Daily open....i.e. are we in an up day or down day.
I strongly reject that trading is complicated. We can't look at the order book and thus for us retailers it's random and it can be chaotic at times. At other times it can be smooth in one direction. And then we got to make money adding plenty of orders, not just one lousy trade.

Here is an example how such chart would look like
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