DaffyTaffy wrote: Tue Aug 22, 2023 6:49 pm We've all been there. In the future, click the search button and type a few keywords of your question and you'll more than likely find answers. In this case, just type 2nd dot and you'll see more examples of this concept.

In the image, green up arrows(big blue dots/arrows in other setups) are used as your bias; in this case, only look to buy. The 2nd dot entry is essentially taking a trade after a pullback. The first grey dot shows pullback, then the 2nd dot shows a continuation of the trend, and there is a bullish MA crossover; but if you observe the chart, those red lines are still present; so you don't have full confirmation of the trend on this setup. Wait. Another dot occurs pushing the price down, the candles are still blue, and another second dot happens (the fourth dot since the green arrow or second 2nd dot). You could enter here and set SL to the level of the green arrow but it'd have been risky since the red lines were still present.

Finally, a third second dot occurs (the sixth dot from the green arrow) and the lines are blue, matching the candle colour, indi in the sub-window and MA. This is the ideal point of entry and you set SL to the previous 2nd dot and TP to an ADR level of your choosing (38.2% is often a safe bet on indices assuming the market is trading and not ranging. It often goes to 61.8% too). Or when a big pink dot/red arrow presents itself.

If you're referring to where the price currently is after that red arrow, personally I would look for another pair or wait for tomorrow. It's always best to get in at the start of the trend when using the Xard system. (meaning when a new bias is formed and a 2nd dot presents itself).