Hi Mr. XARD,xard777 wrote: Wed May 15, 2024 7:59 pm Today's trading on the NIKKEI and hitting my target (Goldilocks target of 26%).
This strategy is equally applicable to GOLD and DOW, or even a combination of all three markets.
Here's a breakdown of today's NIKKEI trades:
1. I observed the price descending from a Square Top pattern.
2. Taking a SELL trade off the Index Entry level the price continued down and broke below the Daily Open level, presenting my first opportunity to secure profit$ at the 1st Dot indicator (that said, I had already bailed my position as I had decent Pip$ worth booking).
3. The price then increased slightly above the Daily Open, forming a 2nd Dot. As it began to decline again and cross below the Daily Open, it marked an excellent entry point. The overall market sentiment appeared bearish, and the price was crossing below all the EMAs on the M5 timeframe. So my second SELL trade was taking.
4. Finally, I would close out and book my Pip$ upon reaching the Arrow Dot indicator (except, I bailed earlier again as I blew past my daily % target, but hopefully, you get the picture).
Xard777
Off to bed for a power nap ZZZZzzz
For some time I have been reading with interest (from the first page) the evolution of your system and a few days ago I started to try it alongside my system.
I only trade on the DAX (for now) but in general I don't like Forex, only indices and gold.
I have a question: on the XARD UNIVERSE V65 (the one I use at the moment) the EMAs are 13-34-55. Do you also recommend them for indexes?
PS. sorry for my English/Italian ahahaha!
XARD: For Indices and gold I quite like (13, 55, 89) but mainly looking for crossing of EMAs 13, 55 - so you should be fine with your current setup.