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Re: XARD - Simple Trend Following Trading System

ODJ, Wed Sep 27, 2023 3:35 am

If you change the same chart to a higher timeframe, it becomes clearer.
And you'll have less questions.
If you only trade PRICE ACTION, trading becomes less complicated.
Looking at a 30mins chart, the market is in a clear DOWN TREND.
It broke out (downward) from the retracement\reversal zone @ 6am London time.
It then reversed back into the retracement\reversal zone @ London open...8am
It failed to break out of the downtrend @ the Pivot
At New York open, the market continued the down trend.
It broke out (downward) from the zone at 2pm London time.
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