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Re: XARD - Simple Trend Following Trading System

xard777, Fri Mar 17, 2023 5:55 am

Have a 5 min break and take a look at your trading from outside the Goldfish bowl.
To effectively trade the US indices, it is important to have a reliable strategy in place that will yield profitable results when executed correctly. A recommended approach is to sleep during the Asian trading cycle and focus on trading during the UK and US cycles.

By analyzing the enclosed 15-minute charts of US500 and US2000, you can easily identify the Main Cycle indicated by the White Zigzag line, as well as the intra-day cycles represented by the Green Zigzag line. The Blue Dash box indicates the UK session, while the Green Dashed box denotes the US session. Although the Gold Asian session box is best left for sleeping, it can still be used as a breakout box.

By examining the intra-day Green Zigzag line before the daily London session, you can identify the trading direction to take when the London market opens. It is advisable to wait until the price crosses the T1MA line, and then execute the trade when a Pink candle Down or a Blue Candle Up appears. Following this strategy should result in one or two trades per chart per day (as the same strategy applies to the US session), which is sufficient to meet your daily target without being greedy.

However, it is important to note that achieving your daily target is one thing, while maintaining it is another. It is crucial to avoid overtrading and to stick to your strategy. Therefore, it is recommended to Keep It Simple Stupid (KISS), plan your strategy, and execute it accordingly.
Xard777
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