Hello friends,Curioso wrote: Sat Oct 12, 2024 7:14 pm Hello friends,
I take this night think in one point that had me worried, as some friends, are still confused, and how to filter out the good tips from the bad ones, so I'm thinking over the next few hours of a matrix that I hope will help with next week's on this trading journey.
Stay tuned for the next hours.
A resume and explanation for all, i hope can help everyone try or understand now the latest version.
Prerequisites:
Before going to download, in every post above there are information to help all of us, and don´t forget leave a thanks on that post, means signal of gratitude and change the way you see the markets.
Latest version: XU v17m-Setup :: post1295551617.html#p1295551617
Additional indicators to help to filter good and best entry:
- To confirm and ensure if right direction, can add the Index Entry present in previous versions like v14m :: post1295549694.html#p1295549694
- A great addition is VWAP to understand where the trend is during these period ::
post1295548636.html#p1295548636
- As many know I'm love the triangles present on v12m:: post1295548016.html#p1295548016
Don´t ignore all of them (ok, i have ignore one news indicator), but is i follow patterns, not news, because sometimes i can catch the trend before news events. Because of that i don´t use and you don´t see on my charts that one.
#0. Allways observe where is the daily open, and is the way how your day start
#1. Is about where is the trend, if are on sell or buy, depend on the colors
#2. These details are very cool, the identify of color of pair and timeframe are present change depending on the direction of your trend
#3. PANEL present on v17m, is super awesome is a feature are very useful to complete our vision of here is the trend
#4. BIGSemaArrowDOWN , identify the major trend, so we are looking for valid entry
#5. SemaArrowDOWN , the trend we are looking for
#6. SemaArrowDOWN , the trend we are looking for. So, in this moment we focus on this area because is the patterns we are looking. This catch on zoom to understand what happens on this moment
#7. SemaArrowUP , but we have the 2nd minidot after our alert may seem like a good entry, but it's not... because at the moment of the alert we don't have our 2nd minidot, only after the color change alert and even then, a SemaArrowUP appears, meaning that our trend is getting ready to reverse at any moment. Is a perfect catch to see in this moment is a false entry
#8. SemaArrowUP , is a correction of you trend
Now a resume for all elements presents on this version:
#9. Is VWAP is our friend on this setup and help to understand where the movements are along the during the day. So, use as your reference
#10. PinkDOT, identify if are present during our trend, is a correction, but wait for the next one but in the color, we are looking for
#11. BlueDOT , that´s it and is the same color on our trend
#12. Minidot, is a preparation for your entry
#13. 2nd minidot, is our enter, but we don´t enter on here, and watch the next point
#14. EMA color change to our trend, and next alert we have all the conditions matched and appear, but what we need
#15. The 4th big candle on the background identify where is our trend comes
#16. Allways pay attention if we have a zigzag with specific pattern, wait for the pattern you are looking for, if are different wait
#17. Resume of the cycles of ema, is very important to understand if valid or false entry are according the ema value
A personal note about triangles:
One of the reasons I like triangles is that when we're in the trend we're looking for (hence using v12m) we already know that our value won't go beyond it.
And exists the patterns can be using on the triangles, check with detail and watch the posts of Victortrend and figure out, only need is pay attention that details.
And starting now i´m configure the VWAP on template to catch better the perfect entry.
#18. Entry point
#19. Exit point
#20. Entry point, yes i know i ignore the 2nd minidot in these are, but i have blue dot, so come on go up
#21. Exit point
And a few notes in preparation for next week, and always keep this in mind in the way you trade on M1.
- Don´t trade against your trend (watch the BIGSema and SEMAArrow in the same direction)
- If you miss your entry don´t trade after minutes before, because can be hard
- M1 doesn't mean that we open positions all the time, it has to do with being more focused and feeling our trend in real time. To do this, we need to work on all parts of our body and mind. Before each day of trading, it's essential to meditate, do activities outside of trading, such as spending time with family, friends, reading a book, going to the gym, etc. etc. You know better than anyone the strategy you have for relaxing
- Don't invent much about putting more indicators on top of the strategy and in each version of "XARD - Simple Trend Following Trading System", at this point I'm not saying that other strategies don't work, but it has to do with the fact that we're in this topic for a reason, the main thing being that we all learn together how to be profitable and consistent traders
- If this version doesn't work for you, don't be sad, there are others that will help you on this journey
- Write your rules in a notebook, build your work base a few weeks ago I shared a checklist that will help you understand if you have the conditions met, pay attention to this point there are some notes, reinvent yours according to your motivation and discipline that you have been working on in these times
- There are no shortcuts, no secrets to success. This is worked every day with love and passion, with extreme dedication of hours and hours of waiting for the standard we are looking for. Of course, there are those who say that looking at the past is easy, it is difficult to feel the emotions of the moment, so be smart as you are, anticipate and focus on what is really important while trade. For example, listening to the music you love, and don´t trade when are in stress or depression, because can be destructive for your life
- Always observe all elements carefully before opening your position
- If you don´t quite understand at this moment M1, try with high timeframes
- Protect your account with a StopLoss, it can be your best friend
Source at: post1295547386.html#p1295547386
And finally, I wish you a wonderful weekend. If you feel tired, don't negotiate, do other activities if you can. But if you really have the strength and motivation to get through each day, you know that today is a working day and you have to watch your step.
Together we make a difference every day, and remember that we are warriors, we are aliens, we are whatever we want to be.
