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Re: XARD - Simple Trend Following Trading System

Boobligoom, Thu Feb 10, 2022 6:07 am

RplusT wrote: Wed Feb 09, 2022 10:49 pm You are doing well now it seems. You complaining has stopped. ...... :D
Just two things:
If you see PA approaches a resistance / support level, don't open an order to trade into it. Wait. As you correctly spotted, after some consolidation, the price moved on. The subwindow also indicates a continuation in this direction......So what could possibly go wrong..... :D

Don't jump in front of a speeding train i.e. when the price is already on a strong move.......It can be profitable but it also can turn out to be expensive. I never do that. I just let go and wait for the next consolidation, pullback or whatever develops.

All the best



In fact, I have been a trader since 2010. I've been fine for a long time. I hope that this will be the case in the future. :sweat:
My only complaint here was that few people talked about trading here. Everyone was talking only about improving the system and indicators. And such a dialogue does not make us better as traders...

RplusT, your advice is useful and I appreciate it. I always analyze when I am given advice. :thumbup:
As you can see, I often enter a trade when the price has gone quite far. By the way, I remembered a quote from a great trader, you can see it on my avatar: "Prices are never too high to start buying or too low to start selling." :)
The fact is that my trading is not based on the XARD system. I trade according to my system of understanding the market. The XARD system is an additional option to enter a trade. I can trade without it, but I like it and it suits my trend continuation system well.

Probably a lot of people didn't see what I saw on this chart before taking the trade so high.
Follow the train of thought I had as I looked at the chart before making this trade.
At the bottom of the picture, you can see that I could have entered the trade earlier (in the blue box). But there was RESISTANCE-2, which the price just bounced off. I could not buy in front of this resistance.
Next, the price broke through S/R-2, but I didn't enter as there is a recent high of S/R-3 nearby, which is only 5 pips away. Does it make sense to buy? .. I don’t think ..
After breaking S/R-3, I decided to enter a trade to take a small profit (the target was about 15 pips), also the XARD system told me to buy. I took 10 pips and exited when I noticed that the volume increased and the price hit the ceiling. As you can see below, the price formed at the place where I exited the deal the new S/R-4 resistance.
I'm not saying that thinking like me is exclusively correct trading. Sometimes it's good to just follow a system (such as the XARD system) that works for you, regardless of S/R levels. I know a millionaire trader who doesn't pay attention to R/S in his trading and makes big money.

It's just that I've been trading with my system for a long time, which suits my mindset and is comfortable for me. Trade what is comfortable for you and brings you money :D .

P.S. In fact, it was not an ideal trading situation. The euro/dollar pair was too tight on all sides. But I wanted to do a quick scalping, and I succeeded.
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