Thank you! So gold is planning to fall today? I understand correctly?chris006 wrote: Wed Feb 07, 2024 10:08 pm HiLo price movement today from Low to High is 51
PFO Price from Open now is minus (pink colour) 28 (2035.8 minus 2033.1 which is 27 - allow for rounding or delay in calculation)
ADR Average Daily Range is 219
13% means we are now at minus (pink colour) 13% of the ADR (28 divided by 219)
Re: XARD - Simple Trend Following Trading System
14652Gold at the time of the capture was below the open, minus 13% of the ADR. What it will do next cannot be predicted.
Spazmus wrote: Wed Feb 07, 2024 10:11 pm Thank you! So gold is planning to fall today? I understand correctly?
Re: XARD - Simple Trend Following Trading System
14653This is probably a common question but is it usual for the candle colours to repaint? I was watching price as it crossed the moving averages and the candles remained grey for 5 or 6 5 min candles and then turned gold.
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Re: XARD - Simple Trend Following Trading System
14654Support or Resistance levels are never strictly for Buy or Sell only, respectively.
Price is King. Always observe the interaction between Price and Support or Resistance levels.
If Price action is very strong, it breaks through those levels.
Support then becomes resistance...and Resistance becomes support.
Re: XARD - Simple Trend Following Trading System
14655the candle colour depends on the MA's but also the semaphores, that's why they repaint.Pristine7471 wrote: Wed Feb 07, 2024 10:21 pm This is probably a common question but is it usual for the candle colours to repaint? I was watching price as it crossed the moving averages and the candles remained grey for 5 or 6 5 min candles and then turned gold.
That's why you have grey candles above both MA's in your pic, there is a big pink semaphore on the left, if they had continued up past the pink semaphore they would turn green.
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Re: XARD - Simple Trend Following Trading System
14656Thank you. I was using a previous version where the candle colour only depended on the MAs which is why I was confused. Thanks for clearing it up.
Re: XARD - Simple Trend Following Trading System
14657Another good day for the Dow just at the start of the NY session.
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Re: XARD - Simple Trend Following Trading System
14658Xard,
Do you enter as soon as the grey dots form on the 1 or 5 min chart in your intra day example?
Thank you
Do you enter as soon as the grey dots form on the 1 or 5 min chart in your intra day example?
Thank you
Maffe wrote: Sun Aug 20, 2023 12:36 am Can anyone explain entries? Do i trade of the second semafor once the MA is broken to the correct side?
XARD: A quick recap on how I would trade.
To play the long game I would trade the 15min chart and use the Square on that chart as my BIAS.
If my BIAS is a TOP Square then I look to trade every Pink Dot that appears and look to EXIT on the next Green UP Arrow-Dot.
If my BIAS is a BOT Square then I look to trade every Blue Dot that appears and look to EXIT on the next Red DOWN Arrow-Dot.
For shorter intra-day trades I would use 1min or 5min chart and use that TFs Square as my BIAS.
If my BIAS is a TOP Square then I look to trade every TOP Gray Dot that appears and look to EXIT on the next Blue Dot or Green UP Arrow-Dot.
If my BIAS is a BOT Square then I look to trade every BOT Gray Dot that appears and look to EXIT on the next Pink Dot or Red DOWN Arrow-Dot.
NB Once my Daily Target is Hit
I would STOP trading, shut everything down and go do something else away from the pc.
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Re: XARD - Simple Trend Following Trading System
14659Greetings. Tell me what kind of indicator this is, which is second in the subwindow in the picture
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Re: XARD - Simple Trend Following Trading System
14660Awesome! Gives me greater insight as to how to enter/exit. I assume same long game entry/exit would work on the higher TF's as well?Maffe wrote: Sun Aug 20, 2023 12:36 am Can anyone explain entries? Do i trade of the second semafor once the MA is broken to the correct side?
XARD: A quick recap on how I would trade.
To play the long game I would trade the 15min chart and use the Square on that chart as my BIAS.
If my BIAS is a TOP Square then I look to trade every Pink Dot that appears and look to EXIT on the next Green UP Arrow-Dot.
If my BIAS is a BOT Square then I look to trade every Blue Dot that appears and look to EXIT on the next Red DOWN Arrow-Dot.
For shorter intra-day trades I would use 1min or 5min chart and use that TFs Square as my BIAS.
If my BIAS is a TOP Square then I look to trade every TOP Gray Dot that appears and look to EXIT on the next Blue Dot or Green UP Arrow-Dot.
If my BIAS is a BOT Square then I look to trade every BOT Gray Dot that appears and look to EXIT on the next Pink Dot or Red DOWN Arrow-Dot.
NB Once my Daily Target is Hit
I would STOP trading, shut everything down and go do something else away from the pc.
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