Re: XARD - Simple Trend Following Trading System

18041
tmostafa007 wrote: Wed Oct 16, 2024 9:44 am Hello friends,

I have a question, and I’m not sure if it’s correct or not. Is there a way to confirm the direction after the Big Semaphore (BigSema) arrow appears (either up or down)? For example, by using two big dots, two small dots, or four small dots, which are reflected in the triangle. :think:

Is there any way to confirm the direction after the Semaphore arrow appears by using, for example, two big dots + four small dots? :think:

I know that EMAs are important, but I'm trying to understand the market structure more based on the Semaarrow.
because if i did i think i can predict the direction correctly.

Also, how can I confirm by using a higher timeframe? I mean, if I’m trading on the 1-minute chart, what is the best higher timeframe to follow? and what you are looking for direction semaarrow , semadown , pink/blue dots ?

also, what is the best configuration for EMAs for 1 Min

thanks in advance ;)
From my experience with intra-day trading, nothing is confirmed until price has crossed the EMA 55 and made a pullback. This is where we see the start of trend movement. More so when the EMA 13 has crossed the EMA 55, but this is now shown as the coloured candle on the charts (Green/Grey/Orange) as Buy/Wait/Sell.

EMA as a Dynamic Support/Resistance: The EMA 55 can act as a dynamic support or resistance level. When the price crosses above or below this line, it often signals a potential change in trend direction. The choice of 55 as a period might be due to it being part of the Fibonacci sequence, which some traders believe has significance in market movements, though its effectiveness can also be attributed simply to its popularity, making it a self-fulfilling prophecy.

Pullback Confirmation: The pullback is crucial for several reasons:
Confirmation of Trend: A pullback to the EMA and then a bounce can confirm that the trend has strength. If the price pulls back to the EMA, touches or comes close to it, and then moves away again, this suggests that the EMA is acting as support (in an uptrend) or resistance (in a downtrend).
Entry Points: This provides traders with an entry point. Buying at or near the EMA during a confirmed uptrend can be less risky than buying when the price is extended far above it.

Risk Management: It helps in setting stop-losses just below the EMA for long positions or above for short positions, as a failure to hold above/below the EMA might suggest a trend reversal or weakening.

Psychological and Practical Levels: The more traders watch and act on the same indicators, the more likely those indicators are to influence market behavior. Since EMA 55 is a commonly watched indicator, it gains significance through collective trader behavior.
Filtering Noise: Shorter EMAs react quickly to price changes, which can lead to false signals in volatile markets. The EMA 55 balances sensitivity with stability, filtering out some of the market 'noise' that shorter EMAs might catch.
Time Frame Consideration: In intra-day trading, the effectiveness of any moving average, including EMA 55, can depend heavily on the time frame you're observing. What works on a 5-minute chart might not be as effective on a 1-hour chart, so it's important to match the EMA period with your trading style and the volatility of the asset you're trading.
Xard777

Remember, while these patterns can provide a structured approach to trading, no indicator is foolproof. Market conditions, news events, and liquidity can all affect price movements independently of technical indicators. Therefore, combining this technique with other forms of analysis (like volume analysis, other indicators, or fundamental analysis), and maintaining good risk management practices, is advisable.
XARD: If Carlsberg made charts... Probably the best charts in the world


Re: XARD - Simple Trend Following Trading System

18042
Hello and welcome...

Everything you need to know about this system is located at 1 page. Give your self enough time to read and understand them, and yes there are so many 😁
Believe me, there's no shortcut if you want to master this wonderful system...
DjGuinhO wrote: Wed Oct 16, 2024 2:45 am Hello!
First, I wanted to thank you for your help.
I'm new here, could you explain to me how it works? I've been checking out the topics, but there are so many. What's the latest update? I liked what I saw! Congratulations on the great work.
These users thanked the author budhi1976 for the post:
bagram

Re: XARD - Simple Trend Following Trading System

18044
Alright, everyone, I’ve an idea for an exciting challenge that I believe will provide us all with valuable knowledge and experience! :Fire:

The purpose of this community is to learn the Xard system (a beautiful system) that helps us achieve our goals. Each of us brings different levels of expertise and uses various technical analysis tools (for example, 65, 004, 14, 17, MACD, RSI, EMA, Support and resistance ...etc ), and many of you have already achieved great success.

Here’s the challenge:
  • Every expert, advisor, or moderator will form a team of 5 to 10 members for 20 days.
    The team leader will be responsible for selecting their team members, deciding on the strategy to follow during the 20-day trading period and shared it before the beginning of challenge , and choosing the method of communication with the team. the time/session of trading :thumbup:
    The goal for each team could be to achieve a certain number of winning trades or collectively reach a target amount, such as $1M in team profits :think: .
    Each team leader will post daily updates on the number of successful trades made by their team members.
    At the end of the challenge, we’ll review the results, evaluate the systems used, assess the progress, and share the knowledge gained with newer members like myself :cry: .
For newcomers: This challenge will help you understand and train on the concept (live engagement), allowing you to upgrade your skills.
For team leaders: You’ll evaluate your system and strategy, and possibly learn more from different strategies used by other teams.

This is just an idea, and we can definitely enhance the goals and processes as needed. I think it could be a great way for many of us to learn, improve, and for experts to assess the effectiveness of their systems.

This approach could bring more people into the grading system, boost engagement, and help us all grow as traders, leading to even more successful results!

For all experts and Xard777, Curioso, Samoth, victortrend, Cagliostro, Lenovo, BeatlemaniaSA ,Neroloft , if you think this approach is good, feel free to enhance it, and we could make this challenge a quarterly event! starting from next month we can build the rules starting from today till 1st of Nov :Fire:
These users thanked the author tmostafa007 for the post (total 3):
kudrpenk, Neroloft, Curioso
"The goal of a successful trader is to make the best trades. Money is secondary."

Re: XARD - Simple Trend Following Trading System

18045
xard777 wrote: Wed Oct 16, 2024 10:16 am From my experience with intra-day trading, nothing is confirmed until price has crossed the EMA 55 and made a pullback. This is where we see the start of trend movement. More so when the EMA 13 has crossed the EMA 55, but this is now shown as the coloured candle on the charts (Green/Grey/Orange) as Buy/Wait/Sell.

EMA as a Dynamic Support/Resistance: The EMA 55 can act as a dynamic support or resistance level. When the price crosses above or below this line, it often signals a potential change in trend direction. The choice of 55 as a period might be due to it being part of the Fibonacci sequence, which some traders believe has significance in market movements, though its effectiveness can also be attributed simply to its popularity, making it a self-fulfilling prophecy .....
Practical example of what our teacher Xard says about EMAs :)
These users thanked the author victortrend for the post (total 6):
Samoth, Skyold, Andreas2000, CoOp, 88FX88, Curioso




Who is online

Users browsing this forum: Bing [Bot], FXMann, Kiennt, lukgoku, Nabs, specialkey, ssotiro, Topguy7, Yandex [Bot] and 34 guests