Hello guys,

in this situation what i have to do ? i have to wait for sell setup ?

XXXX wrote: Fri Oct 04, 2024 6:45 am I have been working on the alerts and notifications for Triangles2.

Hi XXXX,

Thanks for the upgrades.

Curioso wrote: Sat Oct 12, 2024 10:15 pm Hello friends,

A resume and explanation for all, i hope can help everyone try or understand now the latest version.

Good Men!

Dear All,

Most of you know me, especially Curioso, as I’ve been working tirelessly since I discovered the Forex market. It’s been nearly two years, and I’ve been committed day and night, thinking of how to stay profitable and achieve my dreams.

Unfortunately, last Friday, I made a significant mistake and blew my account from $100 down to $2. Ironically, during the same time, I placed 3 trades on my demo account without any losses.

I know this journey is extremely tough, and I’m aware of the potential in the XARD system. However, my mindset hasn’t been fully trained yet, which led to my account blowout.

That said, I’m okay and have accepted what happened. I spent a day reflecting and recovering my mindset. After growing my account by around 20%, I lost it all in just one hour. It's like the saying goes: building a house takes time, but destroying it can happen in an instant.

I would really appreciate it if my colleagues could share more live trade examples. I’m familiar with reading charts using the 2nd dot and the 4-mindot. Analyzing past data is fine, but live trading remains a challenge for me. I like taking trades after the 2nd dot appears.

For those wondering why I blew my account, here’s what happened:

1- After a loss, I panicked and felt the need to recover immediately.
2- I still don’t know what to do when the up or down arrow appears—I often assume a reversal is coming and take the trade.
3- I made impulsive trades without thinking clearly, and after multiple losses, I increased my lot size to recover, which ultimately led to blowing the account.
4- Another key issue was that I kept switching between multiple versions of the system during trades, which also contributed to my losses. This inconsistency made it difficult to follow a clear strategy and stick to a solid plan.

Everything I did went against what I’ve learned from this forum and about trading in general, but I accept the consequences.

I'm sharing this because I want to encourage everyone who has experienced failure to take the time to analyze why they failed. In the screenshot below, you'll see that I took multiple trades in less than 3 minutes, going in two different directions without any clear strategy. This is exactly why Xard777 and many others here emphasize the importance of managing our emotions and staying disciplined in our trading.

If anyone can share with me the exact strategy rules and the version you are using to enter and exit trades in more details, I would greatly appreciate it.

Finally, I will never give up until I achieve my goals. Wish me luck on my next attempt, everyone!
I’m open to any advice you have to offer and will gladly accept any suggestions you feel are necessary to help me improve.

tmostafa007 wrote: Sun Oct 13, 2024 4:34 pm Dear All,

Most of you know me, especially Curioso, as I’ve been working tirelessly since I discovered the Forex market. It’s been nearly two years, and I’ve been committed day and night, thinking of how to stay profitable and achieve my dreams.

Unfortunately, last Friday, I made a significant mistake and blew my account from $100 down to $2. Ironically, during the same time, I placed 3 trades on my demo account without any losses.

I know this journey is extremely tough, and I’m aware of the potential in the XARD system. However, my mindset hasn’t been fully trained yet, which led to my account blowout.

That said, I’m okay and have accepted what happened. I spent a day reflecting and recovering my mindset. After growing my account by around 20%, I lost it all in just one hour. It's like the saying goes: building a house takes time, but destroying it can happen in an instant.

I would really appreciate it if my colleagues could share more live trade examples. I’m familiar with reading charts using the 2nd dot and the 4-mindot. Analyzing past data is fine, but live trading remains a challenge for me. I like taking trades after the 2nd dot appears.

For those wondering why I blew my account, here’s what happened:

1- After a loss, I panicked and felt the need to recover immediately.
2- I still don’t know what to do when the up or down arrow appears—I often assume a reversal is coming and take the trade.
3- I made impulsive trades without thinking clearly, and after multiple losses, I increased my lot size to recover, which ultimately led to blowing the account.
4- Another key issue was that I kept switching between multiple versions of the system during trades, which also contributed to my losses. This inconsistency made it difficult to follow a clear strategy and stick to a solid plan.

Everything I did went against what I’ve learned from this forum and about trading in general, but I accept the consequences.

I'm sharing this because I want to encourage everyone who has experienced failure to take the time to analyze why they failed. In the screenshot below, you'll see that I took multiple trades in less than 3 minutes, going in two different directions without any clear strategy. This is exactly why Xard777 and many others here emphasize the importance of managing our emotions and staying disciplined in our trading.

If anyone can share with me the exact strategy rules and the version you are using to enter and exit trades in more details, I would greatly appreciate it.

Finally, I will never give up until I achieve my goals. Wish me luck on my next attempt, everyone!
I’m open to any advice you have to offer and will gladly accept any suggestions you feel are necessary to help me improve.

Dear Mostafa, on what timeframe are you trading? I see BTC and Gold, I really hope you are not thinking to start your profitable career by trading the most volatile and dangerous instruments on the market on 1M. Unless you really know what you are doing, you've got a real stable mind, and don't suffer from emotional bursts, go to the higher TFs until you have constant profits and feel comfortable. Trading is a learning journey and must be funny, not a dark adventure filled with fear, panic and stress.

Our brain learns only when we push it beyond the limits, outside the comfort zone, but we need to be very careful not to push it into the "panic zone". In that zone failures do not teach us anything good, we struggle to get up and feelings get worse and worse. What is the difference? In our comfort zone we feel we can control everything, so we have no push to learn or risk or grow, in the learning zone we have some elements that we don't control, and there we have the true learning experience. The panic zone is a place where we cannot control the majority of the scenario and so we feel overwhelmed. Low TF are the panic zone for 99.9% of traders, as trends flip without warning, that is the place where the majority of algo scalpers work, we play against the market, against ourselves, against machines.

15M/ 30M trading on forex can be a very wise way to start being profitable. You don't need 100% profit per day, that is something none can do without burning the account sooner or later (very soon in reality). If you don't believe me put 100$ on an excel and give the account 50% winrate for a month, 1:3 RR, with a risk of 20%.

Not to spoil, but the results would be more or less:
-1st month 1.100$
-2nd month 13.000$
-3rd month 163.00$
-4th month 1.9M$

And I used a 50% winrate. So what is wrong here? Why don't we have the forum filled with posts stating... I reached my second million in less than 4 months?

The issue is that 50% winrate, something absolutely doable with any strategy, and with the Xard system definitively easy to do, does not mean that you know when you lose the trades. You can have the first 5 trades as losses in a raw and your account is gone. So, the magic is related to risk management. No serious trader would risk more than 5% on an account he does not want to lose. I play flippling 100$ accounts for fun all the times, sometimes I get them to 10k, sometimes (more than often) I burn them. But with my real accounts the risk is 3% on stable instruments and 2% on volatile instruments and I do max 3 trades per day. If I win the first 2 I trade the 3rd one, if I lose 2 of them the day is over, relax, go to the spa, enjoy family and friends, detach from metatrader.

I think this can help many people here.

Wish you and everyone a wonderful Sunday.

+C+

tmostafa007 wrote: Sun Oct 13, 2024 4:34 pm Dear All,

Most of you know me, especially Curioso, as I’ve been working tirelessly since I discovered the Forex market. It’s been nearly two years, and I’ve been committed day and night, thinking of how to stay profitable and achieve my dreams.

Unfortunately, last Friday, I made a significant mistake and blew my account from $100 down to $2. Ironically, during the same time, I placed 3 trades on my demo account without any losses.

I know this journey is extremely tough, and I’m aware of the potential in the XARD system. However, my mindset hasn’t been fully trained yet, which led to my account blowout.

That said, I’m okay and have accepted what happened. I spent a day reflecting and recovering my mindset. After growing my account by around 20%, I lost it all in just one hour. It's like the saying goes: building a house takes time, but destroying it can happen in an instant.

I would really appreciate it if my colleagues could share more live trade examples. I’m familiar with reading charts using the 2nd dot and the 4-mindot. Analyzing past data is fine, but live trading remains a challenge for me. I like taking trades after the 2nd dot appears.

For those wondering why I blew my account, here’s what happened:

1- After a loss, I panicked and felt the need to recover immediately.
2- I still don’t know what to do when the up or down arrow appears—I often assume a reversal is coming and take the trade.
3- I made impulsive trades without thinking clearly, and after multiple losses, I increased my lot size to recover, which ultimately led to blowing the account.
4- Another key issue was that I kept switching between multiple versions of the system during trades, which also contributed to my losses. This inconsistency made it difficult to follow a clear strategy and stick to a solid plan.

Everything I did went against what I’ve learned from this forum and about trading in general, but I accept the consequences.

I'm sharing this because I want to encourage everyone who has experienced failure to take the time to analyze why they failed. In the screenshot below, you'll see that I took multiple trades in less than 3 minutes, going in two different directions without any clear strategy. This is exactly why Xard777 and many others here emphasize the importance of managing our emotions and staying disciplined in our trading.

If anyone can share with me the exact strategy rules and the version you are using to enter and exit trades in more details, I would greatly appreciate it.

Finally, I will never give up until I achieve my goals. Wish me luck on my next attempt, everyone!
I’m open to any advice you have to offer and will gladly accept any suggestions you feel are necessary to help me improve.

When you are experimenting with any system, First, trade it in the demo after that if you feel you wanna go live then always take trades in the minimum leverage your broker is offering like my broker offers 0.01 lots as minimum leverage so i would trade in that leverage. Dont chase and expect profits instead " number of pips" should be your criteria to judge any trading system if it is a good system or not. For example, After spotting an entry criteria getting hit, my emotions come into play and tell me to trade o.o5 lots so that i can make quick money and test my system. Trade get right and gave me huge profit. After that my confidence builds up and i took further 3 trades with 0.05 lots... and then all three went into loss. Depression and frustration would become my companions at that time becuase i was busy in chasing more profits. Now let me tell you the right script which should be followed for the same case. I saw a trading system which i found appealing so, I tried to take trade with lowest leverage 0.01 lots. (If a successful system can make money in 0.05 lots then it will surely be able to print money in 0.01 lots as well All we have to do is judge how many pips that specific system is letting us gain"). I got succesful in 1 trade i am happy confidence is up and in the next 3 trade if i lose then there would be no pain in ass as my losses would be manageable at 0.01 lots. The key thing is to find a system which let us earn pips instead of profits. Profits come from money management but pips comes from your entry and exit criteria. You should first tade on demo then go live at the most minimum leverage once you start to believe that your system is letting you earn pips then start to go higher in leverage step by step. Considering your screenshots, i can see that your losing trades have more leverage then you rwinning trades. Manage that as well, apart from learning the system.

tmostafa007 wrote: Sun Oct 13, 2024 4:34 pm Dear All,

Most of you know me, especially Curioso, as I’ve been working tirelessly since I discovered the Forex market. It’s been nearly two years, and I’ve been committed day and night, thinking of how to stay profitable and achieve my dreams.

Unfortunately, last Friday, I made a significant mistake and blew my account from $100 down to $2. Ironically, during the same time, I placed 3 trades on my demo account without any losses.

I know this journey is extremely tough, and I’m aware of the potential in the XARD system. However, my mindset hasn’t been fully trained yet, which led to my account blowout.

That said, I’m okay and have accepted what happened. I spent a day reflecting and recovering my mindset. After growing my account by around 20%, I lost it all in just one hour. It's like the saying goes: building a house takes time, but destroying it can happen in an instant.

I would really appreciate it if my colleagues could share more live trade examples. I’m familiar with reading charts using the 2nd dot and the 4-mindot. Analyzing past data is fine, but live trading remains a challenge for me. I like taking trades after the 2nd dot appears.

For those wondering why I blew my account, here’s what happened:

1- After a loss, I panicked and felt the need to recover immediately.
2- I still don’t know what to do when the up or down arrow appears—I often assume a reversal is coming and take the trade.
3- I made impulsive trades without thinking clearly, and after multiple losses, I increased my lot size to recover, which ultimately led to blowing the account.
4- Another key issue was that I kept switching between multiple versions of the system during trades, which also contributed to my losses. This inconsistency made it difficult to follow a clear strategy and stick to a solid plan.

Everything I did went against what I’ve learned from this forum and about trading in general, but I accept the consequences.

I'm sharing this because I want to encourage everyone who has experienced failure to take the time to analyze why they failed. In the screenshot below, you'll see that I took multiple trades in less than 3 minutes, going in two different directions without any clear strategy. This is exactly why Xard777 and many others here emphasize the importance of managing our emotions and staying disciplined in our trading.

If anyone can share with me the exact strategy rules and the version you are using to enter and exit trades in more details, I would greatly appreciate it.

Finally, I will never give up until I achieve my goals. Wish me luck on my next attempt, everyone!
I’m open to any advice you have to offer and will gladly accept any suggestions you feel are necessary to help me improve.

You need to focus to yourself not to daily profit of people who know this system. Conio is right. For me, forget demo account, start with live but every possition with 0,01 lots and minimum leverage. 100% daily P/L is impossible for 99% of traders. If you want to earn this money, you must risking too much and this is not for everyone.

After that, if you know this system and will be 100% sure with your entryes, you can raise our possition size and start risking 1, 2% for trade. And after some time, you can start risking 30, 40 % for trade, but as i said, this is not for everyone.

But I am agree with you. It will be more clear when MASTER TRADERS will by sharing also their entry´s and exit´s of trades not only P/L.

It is normal to lose trades. It is good to reflect on what you did especially on a lost trade. Dont let it get to you. Its just another day. Hope these can help you,
I am gonna start trading soon and I have been prepping for a long time.

https://www.tradingsim.com/resources/trading-psychology

tmostafa007 wrote: Sun Oct 13, 2024 9:10 am Hello guys,

in this situation what i have to do ? i have to wait for sell setup ?

Hi, Mostafa. I hesitated to post my analysis here, because this is Xard's thread and we're discussing his system. Besides, I'm still relatively new to trading. I appologize if I offend someone. My first plan was in gray. I was looking to sell at 23.6% Fib level and execute a counter-trend trade with a quick TP. But, when the second dot appeared, I scrapped my initial plan and opened a sell position, targetting 161.8% Fib level.

I'm sorry about your loss, and I didn't mean to criticize you. I know you're frustrated, and a single loss can be the last straw to break you. But, please, after a single loss, take some time to analyze the market again with a clear mind and open another position. Victortrend and you experienced the same loss last Friday, yet he continued to analyze that one move. This is only possible if your loss won't hurt you that much. Like Conio31 said, use smaller lot. If a mistake hurts you too much, you might start to fear it, and this is bad. We will make a lot of mistakes in this business. Good luck!

Hi XARD


I remember you posted a version with the Elliot wave numbers visible within the semafors .

Is it possible if you can send me the link to the version please .

I’m only looking to trade the 2nd and 4th corrective wave, and not the 5th one , therefore that indicator will do the job .

Much appreciated
Thanks