Following on...
I have said before I execute on M3 and or M1 - I am a scalper - that's all - no swing trading, no position trading, just scalping - keep it simple stupid- KISS
I only trade AUS200 and HK50 - that's all - Keep it simple stupid - KISS.
My very best trades are always at, or just after Australian and Hong Kong Opens - 11:50 am NZST and 1:15 pm NZST to 3-4 pm NZST.
Between 4pm and 5pm NZST HK50 takes a break (that's when I have a shower and prepare for my Karate classes) and restarts at 5pm with good volatility - usually in the direction of trend.
I have taken screen shots of HK50 today to illustrate potential second third and fourth entries. A, B, C, D (on second chart), and potentially E.
From current position we DO NOT KNOW where price will go, it may go up (1), it may move up and start a move down (2) or it may be exhausted and just move down (3).
On the last chart is a zoomed out look at M3 - I hope the bullish trend is visible.
HK50 is one of the most volatile instruments available - WARNING - Do NOT risk real money until you have a handle on it.
I hope these posts help explain what I do and why I do it - and helps in your journeys.
Karate is about being a life-long student and being the best learner we can be. Thanks for the queries - teaching teaches the teacher, thank you.
Best to all
Attachments forums
Re: 🔺 MT5 XARD - Simple Trend Following Trading System
Musashi, Wed May 21, 2025 5:47 pm