Summary of today:
First one is a M5 XAUUSD chart, which perfectly shows very good entries for Long trades. I use the Oracle indicator in timeframes M5, H1 and H4 for confirmation (all blue), followed up by blue HA candle, green Sema, Price above EMABGD100, green EMA and green Arrow up. Later on the confirmation from the ICT indicator comes on top with Bullish +OB. Along the day there are several MSS, bullish FVGs and Buyside Liq. Boxes. In accordance to the Triangles, it is a clear uptrend with lot of pips to make.
Second screenshot is Dow Jones, same procedure. In M5 TF we can clearly see, that with the beginning of the week the movement results clearly in a downtrend. Not as easy to trade, as Gold is.
Third one is EURUSD. As the screenshot shows, this is not a clear uptrend, as Gold shows us. From the different TF of the Oracle indicator we can see, that this one might be a sideways market behaviour. There are several uptrend confirmations, as described above, but more difficult to trade, than Gold at the moment.
I am testing this in a Demo account, to see, if my understanding of the different indicators match the market movements. I will do more tests accordingly and then try to ramp my Demo, before earning money in a Real account. Step-by-Step....
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Re: 🔺 MT5 XARD - Simple Trend Following Trading System
Redman, Wed May 07, 2025 4:52 am