Hi guys,
I opened this trade on Gold because of the red dot below the open line. However, price reversed and hit my SL. Can anyone show me what I did wrong here?
Thanks in advance.
Re: XARD - Simple Trend Following Trading System
7282Xard kept repeating it. Here is the important rule.gamerredd wrote: Wed May 12, 2021 5:00 pm Hi guys,
I opened this trade on Gold because of the red dot below the open line. However, price reversed and hit my SL. Can anyone show me what I did wrong here?
Thanks in advance.
viewtopic.php?p=1295434648#p1295434648
viewtopic.php?p=1295434699#p1295434699
And one more thing: there is never 100%, but if you have at least 60% winners, then you are on the sunny side.
Skyold
We create order out of chaos - we trade that order, but sometimes that chaos is out of order, so we WAIT!!! for the order to return - and we trade again. XARD777
Re: XARD - Simple Trend Following Trading System
7283any example for follow the roadmap in higher TF and enter in the lower TFSkyold wrote: Wed May 12, 2021 5:10 pm Xard kept repeating it. Here is the important rule.
viewtopic.php?p=1295434648#p1295434648
viewtopic.php?p=1295434699#p1295434699
And one more thing: there is never 100%, but if you have at least 60% winners, then you are on the sunny side.
Skyold
I will be very appreciated
Re: XARD - Simple Trend Following Trading System
7284When you want to take a trade off a dot, wait for the triangle to appear to confirm the dot or go to the next lower timeframe, and wait for the triangle and the cross over (ie when price crosses both MA's and turns orange or green), then take entry.oneking wrote: Wed May 12, 2021 5:31 pm any example for follow the roadmap in higher TF and enter in the lower TF
I will be very appreciated
For example, how I trade: if a green dot appears in M15, I goto M5, and wait for a triangle to form and price to cross all MA's and turn green, then I take my trade.
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Re: XARD - Simple Trend Following Trading System
7285Thanks Skyold for the assistance, much appreciated.Skyold wrote: Wed May 12, 2021 5:10 pm Xard kept repeating it. Here is the important rule.
viewtopic.php?p=1295434648#p1295434648
viewtopic.php?p=1295434699#p1295434699
And one more thing: there is never 100%, but if you have at least 60% winners, then you are on the sunny side.
Skyold
Re: XARD - Simple Trend Following Trading System
7286Same concept works on M5 and M1.. it may not work All the time, but you'll get a really really high win rate.maroka wrote: Wed May 12, 2021 5:37 pm When you want to take a trade off a dot, wait for the triangle to appear to confirm the dot or go to the next lower timeframe, and wait for the triangle and the cross over (ie when price crosses both MA's and turns orange or green), then take entry.
For example, how I trade: if a green dot appears in M15, I goto M5, and wait for a triangle to form and price to cross all MA's and turn green, then I take my trade.
XAUUSD screenshot
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Re: XARD - Simple Trend Following Trading System
7287Hi gamerredd,gamerredd wrote: Wed May 12, 2021 5:00 pm Hi guys,
I opened this trade on Gold because of the red dot below the open line. However, price reversed and hit my SL. Can anyone show me what I did wrong here?
Thanks in advance.
You always have to check which was the last big semafor before deciding to enter a long or a short. There was a big blue semafor on the M5 TF on gold at 16:25 (my time) . That means that you can only trade long position from that point on. I guess you were looking at a higher TF to understand the direction, but that serves you only as a road map. The overall trend is still bullish so keep that in mind too. I suggest you to write somewhere like on the sticky note App, a check list before entering a trade that follows your own rules.
Have a good day,
LNS
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Keep calm, and drink hot tea ~
Re: XARD - Simple Trend Following Trading System
7288dis is a very good post..............LorenzoNexus wrote: Wed May 12, 2021 7:32 pm Hi gamerredd,
You always have to check which was the last big semafor before deciding to enter a long or a short. There was a big blue semafor on the M5 TF on gold at 16:25 (my time) . That means that you can only trade long position from that point on. I guess you were looking at a higher TF to understand the direction, but that serves you only as a road map. The overall trend is still bullish so keep that in mind too. I suggest you to write somewhere like on the sticky note App, a check list before entering a trade that follows your own rules.
Have a good day,
LNS
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Official Forex-station GIF animator at your service
See a GIF with Forex-station.com on it? I probably made it
The best divergence indicator in the world.
Real news exists: Infowars.com
See a GIF with Forex-station.com on it? I probably made it
The best divergence indicator in the world.
Real news exists: Infowars.com
Re: XARD - Simple Trend Following Trading System
7289No data-feed at that time !LorenzoNexus wrote: Wed May 12, 2021 9:24 am does anyone know how to fix this?
The breakout indy is bigger then normal for some weird reason. It is happening only on CH...
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Re: XARD - Simple Trend Following Trading System
7290Waiting. Where will the indexes go?
08:30 USD CPI (MoM) (Apr)
08:30 USD CPI (YoY) (Apr)
08:30 USD CPI (MoM) (Apr)
08:30 USD CPI (YoY) (Apr)