braciola719 wrote: Tue Feb 04, 2020 11:46 pm
could you explain better? you say you don't watch 1, 5, 30 minutes anymore? and watch only once
From all his posts, I think he watches those time frames. He trades the 30 Min cycle using the 5 Min or 1 Min charts, whichever delivers the goods quicker and clearer. I'm slowly beginning to understand what Xard is trying to achieve here. I can see lots of people asking which trend to go for if the 30 and 5 Min charts show opposite trends. From my understanding of what Xard has said so far, the 30 Min gives the main trend for the trading period. Of course nothing goes up or down in a straight line, so there will be mini cycles observed in the 5 Min and 1 Min charts. It's all up to us to trade only in the direction of the 30 Min trend or also capture the counter trends in the 5 Min or 1 Min charts, if they appear strong enough.
I was also worried initially about the 2nd dot and what happens if I see more dots or no dots between the large green and red semafors. I think those worries of mine were misplaced. All I have to do is to understand and trade the 2nd dot. I feel the 2nd dot helps me to come into the market a little bit late when the trend is already established, considering the fact that semafors repaint. Those 2nd dots in an ideal market condition are close to a holy grail. With more experience and risk appetite, I can see why some people can successfully trade all the major semafors including the 2nd dots. It depends on what is happening on other higher time frames. If a large red semafor is printed on D1, H4, H1, M30 and M15 and indicators show that the market is overbought/oversold in all time frames, then I can just go ahead and trade the 5 Min or 1 Min signal of those major semafors. At the end, every trade is a risk and all I need to do is to move the edge closer in my favour. Also I noticed that these dots vary depending on the time frames, what is a large green semafor on a 5 Min chart may be a white dot on a 30 Min chart. That was when I concluded that the problem is not the dots but my understanding of what they mean and information they are trying to convey. So, I'm getting more education in that aspect also.
Xard will come back with a better answer I believe but this is what I've understood so far.