mazibee wrote: Fri Jan 17, 2025 4:26 am
Dear Master Curioso
Apologies for the questions, I'm still trying to fully understand the logic behind your entries and would greatly appreciate your guidance.
Referring to the screenshot you posted, I’m trying to comprehend the reasoning behind the entry/entries you made. Since the specific details are not marked on the chart, I assume that you took the buy entry/entries after the formation of the second dot(s), as indicated by the light blue triangles. It seems the buy was executed once the price crossed above the moving averages, possibly near the second dot marked at 1.43236.
From my understanding, the DN SQUARE (Red) and DN ARROW (Red) message at the bottom left of the chart refer to the latest arrow/square and can be ignored for now since the price could still move higher, signaling a potential reversal.
Master Curioso, if possible, could you please share the chart with the buy and sell entries marked? That would make it much easier to understand your approach.
Thank you once again for your patience and for sharing your insights with us.
Hello mazibee,
I make some notes today for my entry, and tell me if you understand.
In time frame lower like M1, we wait a lot of hours sometimes to fully conditions are matched, because of that i have my own Take Profit levels using only "XARD - Simple Trend Following Trading System"
The reason I wait for the two triangles is because the first one is defined by the minidots, and the second one will cover the first two, but I don't go in straight away or with two minidots, I prefer to wait for the 2nd colored dot which in the image is described as 4 and then make sure we don't have any kind of obstacle and then when everything is lined up in our direction we just pull the trigger. And when we are sure of our direction, and a blue dot appears, I enter once more (without ever leaving) (point 22 and 33).
And when you're sure of your direction and a blue dot appears, you enter once more (without ever leaving) (points 22 and 33).
You can also use it to close orders to reduce any drawdowns (points 21 and 31) so that you don't have to think about it again until the next re-entry.
What I really like about M1 is that we have the freedom to come in whenever we want and however, we want, as long as we have the standard we're looking for and focus on that and use the key points of our position management.