Keep in mind that even the most advanced trading systems will have phases of underperformance due to unpredictable market behaviors. It's crucial to identify these periods and opt to WAIT, which not only safeguards your capital but also sets you up to seize upcoming opportunities when the market realigns with your trading strategy. This equilibrium between taking action and pausing, guided by the state of the market rather than impulsive decisions, is a trait of experienced traders. This is the way.
This is the essence of our approach: we trade when there's order amidst chaos (when our different time frames align) and we step back when the market descends into chaos (when the time frames are out of sync). Occasionally, it's beneficial to step back and view the market you're in from an external perspective (from outside the goldfish bowl as I like to say). Take a moment to analyze the 4-hour, 30-minute, and 5-minute charts, and remember to breathe deeply. This pause can offer clarity and a renewed perspective on your trading decisions.
Folks, it is not rocket science. Let's keep it simple, and straightforward as child's play. Trading should be something that you enjoy not endure.
Remember, keeping it simple often leads to the best results in trading, as in life.
Xard777
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Re: XARD - Simple Trend Following Trading System
xard777, Thu Nov 21, 2024 11:03 pm