heyuen7 wrote: Mon Jul 29, 2024 1:30 am i suggest you to try synthetic indices... no need to worry about news or liquidity/volume... market structures are clean af

I recognized the Weis Wave, but what settings are you using, if you don't mind my asking

Hello friends,

Today I'm writing an instructional post and I hope it helps you in some way, clearly and objectively, because it's a topic I often think about.

I'm not going to talk about entries and exits (not look at the end now, but is an easter BTCUSD), but rather about a topic that is often ignored, but which isn't talked about much here in this thread but which should be addressed more often, despite the fact that there are some good books and videos in this community, which is the psychology of the trader and what the difference is between a good trader and a bad trader.

To begin with, there are no bad traders, there are traders who are learning to be profitable, but often due to partial or total ignorance of what they have in front of them, thinking that following a signal or a trader makes you profitable and consistent, the best tip I can give you in this area is to forget about it.

Another point is always, always, never expect the next update of the “XARD - Simple Trend Following Trading System” strategy to be the next holy grail.

Having more indicators, more noise that many people don't know how they work can generate the same type of information, which ends up being worse for us because it generates more stress and anxiety in management and even in the way we look at the chart, forget this part too.

Let's stop for a moment and think.

Let's just look at the latest version we have available and only activate the XU v65m-XARD UNIVERSE alerts and keep all the other indicators, ok I understand that for the news reader there are those who choose not to have them, I'm one of them 
XU-v65m-Setup (entire setup) -> post1295543027.html#p1295543027
XU-v65m-Setup (Recap or as i call update version)-> post1295543500.html#p1295543500
XU-v65m-Setup (triangles) -> post1295543666.html#p1295543666
*Note, if you haven't yet thanked in each of these posts, this is a good opportunity to do, so because part of the path to our success is being grateful to those who believe in us and invest time and resources in offering something spectacular to us in the simple and spectacular way that is written.

Then I began to understand the role of the different indicators, what they are, what they are for, how I can better manage emotions and expectations on a given entry, and why patience is so much talked about.

This version, as well as all the templates shared by xard, has the advantage of being a very complete and efficient strategy, whether you're trading on M1 or even MN1, different rules, different approaches.

There are those who trade comparing the current timeframe with a higher one, there are those who stick to just one, but what about us when we have everything in front of us from this sharing, we can't be profitable. This point lacks the knowledge base to understand the potential of the work base and when we try to apply it, it never works?

Okay, at this point, even with all the rules, why aren't we profitable?

Well, for these two points it has to do with somehow jumping or breaking our rules, coupled with the stress of wanting to win at all hours and with all the tips that come out, and creating possible imaginary scenarios that go there because I want it to go there, but there's the lack of patience and the lack of focus, the wanting to add more indicators, out of ignorance sometimes ending up with several people doing the same.

You have doubts, we are together focusing on what you have, study, you don't understand on the first try, ok it doesn't matter, maybe with +10 tests in Strategy Tester or even in accounts with data (never use real money when you are learning, there are brokers that allow you to have demo accounts that is just for that, to learn with trial and error, start little by little as if they were baby steps to gain the confidence you have, write down your rules, rewrite the rules that are in this thread which is a veritable bible of knowledge from years and years of excellent traders who have passed through here and others who are still here (I won't mention names because I'm afraid I'll forget someone). If you need an indicator, I shared a checklist with definitions a few posts ago, it's certainly incomplete according to your vision, rewrite it, share it with everyone, exchange ideas, make us confident again, able to control the market ourselves, and not the other way around. Be an expert with your system, don't invent anything, and you'll see that you have everything to be profitable and consistent, (not to take away from the excellent programmers we have in this community, but this is a topic about the XU-v65m).

The key for success, be patient.. If you lost that alert, no problem, next appear more.

There are no magic formulas or shortcuts to success, it's the success of study, trial and error until you achieve your goals is daily, and with the necessary focus you'll achieve your goals too, it's not easy believe me I know it's not easy, I go through this every day, full of ghosts in my head and creating possible scenarios, but I look at my rules and I know that's the path that took me a while to understand the logic, and what today makes me who I am today and where I want to be tomorrow.

My suggestion always, use the search, maybe your question has already been answered in this thread, if not you've found your answer, ask, surely your questions will be answered by someone who can help you. No one will judge you, if it's a simple question you'll be ignored, really, and believe me, the more questions you ask means you're on the road to success, and share them with the community, we'll be grateful to receive your feedback.

I'm sorry it's such a long post, but I felt I had to do it, because that's what life is all about, being grateful for what you have, giving back to others who are receptive to wanting to learn and move on to the next level.

And now I'm sharing a video that talks about this topic of mindset and psychology in trading, which is so important for us every day.



And finally, an easter egg, and resume for my end of day in only BTCUSD as I promise in the begin of this topic. Sorry for deleting the Daily PL part, but it's important to you stay focused. Thank you for all xard777 for sharing your vision over the years, Jimmy to keep this community well organized, to all the members who visit every day, even anonymously, but especially to those who follow this thread.

During the Asia Market Session, let's do something different in a different instrument and see the result.
EURUSD in M1
When we have all the rules in your mind, everything is possible.

Dear Curioso,

is the below is valid

Update : if you allow to me, what is the broker you are use ?

Dear Curioso,

Here's my plan; what do you think? I'm aiming to win around 20 pips per trade, focusing only on XAUUSD ,US30 and BTCUSD. The key to success is consistently reaching the 20-pip target per trade.(1 or 2 trade per day) I believe that with a our solid system, achieving 20 pips per trade on XAUUSD is realistic.

I think it's very important to set daily targets for both gains and losses.

I'm doing my best to succeed, even though I've faced failures along the way.

Curioso wrote: Tue Jul 30, 2024 7:22 am Today I'm writing an instructional post and I hope it helps you in some way, clearly and objectively, because it's a topic I often think about.

You are a beast Curioso...... I never seen someone so methodical and who writes so good posts like this on a fx forum *I really appreciate you and all you are doing for this crazy community.......... read every post u make and watch all the videos you do because of the quality and love your post LINKS for reference!!! I wish I can hug you

tmostafa007 wrote: Tue Jul 30, 2024 4:42 pm Dear Curioso,

is the below is valid

Update : if you allow to me, what is the broker you are use ?

Hello tmostafa007,

I don't want to take credit away from Cagliostro for the method he uses, because all the work he's been doing is remarkable, but I'm just going to look at xu vu65m in your template.

tmostafa007 wrote: Tue Jul 30, 2024 5:32 pm Dear Curioso,

Here's my plan; what do you think? I'm aiming to win around 20 pips per trade, focusing only on XAUUSD ,US30 and BTCUSD. The key to success is consistently reaching the 20-pip target per trade.(1 or 2 trade per day) I believe that with a our solid system, achieving 20 pips per trade on XAUUSD is realistic.

I think it's very important to set daily targets for both gains and losses.

I'm doing my best to succeed, even though I've faced failures along the way.

It's your plan, your vision, your discipline and the way you look at your chart that will make you consistent and profitable.

Always keep your focus on the cleanest charts possible, too many indicators will generate more stress, and the day you don't reach your % you'll feel bad, so what does the goal matter? when we have a spectacular journey underway all together.

moey_dw wrote: Tue Jul 30, 2024 7:14 pm You are a beast Curioso...... I never seen someone so methodical and who writes so good posts like this on a fx forum *I really appreciate you and all you are doing for this crazy community.......... read every post u make and watch all the videos you do because of the quality and love your post LINKS for reference!!! I wish I can hug you

Hello moey_dw,

Thank you for your words, they mean a lot to me and only give me the strength and motivation to fight every day to help all the members who have not yet achieved consistency and profitability every day with their “XARD - Simple Trend Following Trading System”.

The merit is not mine alone, because I don't have enough skills in MQL to do the same job as many members here in an excellent way every day, I just use it in my ideas with xard template.

Low risk, another account, because i´m testing another solution for my problem

Best thread on the best forex forum, bar none.

tmostafa007 wrote: Tue Jul 30, 2024 5:32 pm Dear Curioso,

Here's my plan; what do you think? I'm aiming to win around 20 pips per trade, focusing only on XAUUSD ,US30 and BTCUSD. The key to success is consistently reaching the 20-pip target per trade.(1 or 2 trade per day) I believe that with a our solid system, achieving 20 pips per trade on XAUUSD is realistic.

I think it's very important to set daily targets for both gains and losses.

I'm doing my best to succeed, even though I've faced failures along the way.

what's your winning % with the strategy? as long as it's not over 85% at the bare minimum (probably this is still being conservative for that risk you are taking), it will most likely burn your account, and even with a 85%, 2 bad trades will reduce your account by almost 50%.
2 trades per day, meaning you get a 70% profit of the account daily, even for top traders seems impossible unless you go all in, and to keep doing that everyday is almost a sure loss formula.
should be really careful.
the 20pips daily could be a good goal as long as you don't force the trade, but a 30% risk, seems crazy.