Beautiful LJC - perfect 2nd dot, clean charts, excellent trade! Well done.
I am only trading AUS200, and have stayed away from making my trading too complicated. It is working out very well.
Looking at your charts LJC I am excited that there are clear, safe and profitable entries in Forex when I have the confidence to return.
Thank you very much for sharing.
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Thanks, Cladi39
Yes, you are right, if you are looking at the chart LJC provided. However looking at the GBPUSD on the M15 with a little wider lens the immediate trend is downwards.
Regardless, my take is that XARD's philosophy is to make it work for you.
Also, the semaphores are of different values and intensities - The level 0 (main semaphore) is a bullish reversal, but the Level 1 Semaphore that LJC is using is looking at a potential retracement that needs to happen before price may continue upward. Is that right, or have I got it all wrong? Also, with the M15 trend downwards on the whole, the Main semaphore may be pushed down, which it has, if you check the current chart.
Xard has mentioned multiple times that once people are familiar with the system they may take counter-trend trades. There is no right or wrong we just need to work on finding our own path.
To be clear, I am not trying to be adversarial, or disrespectful in any way - my focus is on learning.
Re: XARD - Simple Trend Following Trading System
8251Don't settle with hitting your Goal - Aim to Smash It!!! - XARD777