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Re: XARD - Simple Trend Following Trading System

DaveTrader, Tue Sep 03, 2024 6:20 pm

Cagliostro wrote: Tue Sep 03, 2024 6:54 am If you are learning, my humble advice is to avoid 1M, it is the most challenging timeframe, even for experienced traders.

If you look at the 5M chart, when you shorted, the price was above the 200 EMA and above the VWAP, the big sema was pointing up, the ADR was 15% positive, so there was no setup at all, it was a long instead. Look at higher TF for confluences.
It may be helpful for some to put a "higher time frame 200 EMA" on your chart.
M1>>M5 1000 EMA
M5>>M15 600 EMA
etc.
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