Let’s delve into the Intra-day Trading Strategy for version XU v010:
1. Directional 15min Play:
◦ Objective: Focus on the last arrow on your chart.
◦ Action: Trade in the direction indicated by that arrow.
2. EMA Confirmation: Once we have established our trading direction, we WAIT!!! for the price to cross the Exponential Moving Average (EMA) line.
◦ This confirmation provides additional confidence and ensures that we are aligned with the ongoing trend.
◦ If price does not cross over the EMA and continue, it may indicate that the previous trend is still in play.
3. Visual Charts:
Stick to visual charts that align with your strategy (latest setup enclosed with Visual Charts).
Having clear, well-organized charts makes it easier to track your day-by-day plays and stay focused on your trading goals.
4. Second Dot Rule:
Always wait for a second dot before taking action.
Blue/Pink dots are particularly reliable.
You can even trade the smaller white dots within the Blue/Pink dot cycle.
◦ Notably, the move following the second dot often tends to be larger than the move that led to the formation of the first dot.
5. Trust Your Instincts:
When in doubt, trust your gut feeling. Don’t hesitate to exit a trade if needed. Remember, a win is a win.
6. Sessional Trades:
◦ JP225: Look for significant moves during the Asian session.
◦ GOLD: Focus on the London session.
◦ DOW: Trade during the US session.
◦ Keep in mind that even though the main move often occurs during the instrument’s designated session, price action can sometimes begin in a previous session or continue into the next session before culminating in the final move. Be aware of these nuances as you navigate the markets.
7.House Money: Use the profits earned from your first trading session as your “house money.” Think of it as your initial investment. By reinvesting these gains wisely, you can benefit from compound interest. Compound interest allows your capital to grow exponentially over time. As you continue trading during subsequent sessions, your “house money” can accumulate and potentially lead to substantial returns.
8.Keep It Simple: Trading doesn’t need to be complicated. Follow the trend, especially when the EMA line is crossed in the direction of the last arrow. Remember, your trading plan should not be overly complex. Simplicity often leads to better decision-making and consistent results.
Successful trading involves a combination of strategy, discipline, and adaptability. Best of luck with your XU v010 trades!
As always, trading should be fun. If it’s not, explore other interests. Happy trading!
Enjoy!
XARD777
NB In this particular setup, the 15-minute charts are updated three times within each candle bar. This frequent refresh helps minimize redraws on live charts. However, it’s essential to consider other factors as well. For instance:
NEWS: Keep an eye on any significant news events that could impact the market.
EMA: If the EMA (Exponential Moving Average) line hasn’t crossed and continued, it suggests that the current trend might still be active and intact.
