nbibu wrote: Wed Jan 29, 2025 7:51 pm
hello!
maibe a stupid question.
do u still trade after a square? if u do what would be the best exit point or pattern to close the trade with the main trend?
All the answers to your questions can be found in Mr. Curioso’s strategy instructions posts: post1295537552.html#p1295537552.
Ababai wrote: Wed Jan 29, 2025 9:46 pm
Hello. I took my 40 pips. I tried to follow all the rules. Are there any comments on my deal?
If you entered right after the small red dot, in my opinion, you were too close to the open line and not close enough to the 15% ADR.
Vakarox wrote: Wed Jan 29, 2025 11:03 pm
Perfect setup at the DOT level?
1 Square
2 Arrow in the direction of the square
3 Large pink dot
4 Small dot (a second small red dot appeared right after)
We go below the open line. (white line)
Now we just have to wait for the 15% ADR to sell.
Thoughts?
Yes, the conditions are met. However, you should consider that this trade is slightly risky since the higher timeframe structure is still bullish. That being said, it doesn’t stop me from taking it as well.
These users thanked the author Nabs for the post (total 6):
I am sorry friends for being away for a while. please help me to get back into the game of 1M timescale. Earlier I was using 15 minutes to trade.
Sorry for asking a basic question. In this scenario should I be looking for sell or buy opportunities. 30 minutes 1 Hr timeframe says uptrend but when trading in 1 minute should I just focus on big dots??
forexman wrote: Fri Jan 31, 2025 5:57 am
I am sorry friends for being away for a while. please help me to get back into the game of 1M timescale. Earlier I was using 15 minutes to trade.
Sorry for asking a basic question. In this scenario should I be looking for sell or buy opportunities. 30 minutes 1 Hr timeframe says uptrend but when trading in 1 minute should I just focus on big dots??
okay the simple way to understand correctly please follow the below steps
For a buy setup: Big Arrow up → Arrow up → Blue dot → Green dot + Crossing Above EMA (Make sure you're above the daily open with ADR around +15%)
For a sell setup: Big Arrow down → Arrow down → Pink dot → Red dot + Crossing Below EMA (Make sure you're below the daily open with ADR around -15%)
some time you need to wait Blue dot → Blue dot → Green dot + Crossing Above EMA
have fun and welcome back into the game
These users thanked the author tmostafa007 for the post (total 2):
I hope you're all well and that this week has been full of new discoveries. And I've noticed that some of you are having trouble understanding the logic behind the “XARD - Simple Trend Following Trading System”.
So let's start step by step to see if you understand some basic concepts:
Q1: Why choose M1 when we're studying the market structure?
Q2: Ask on ChatGPT: how to trade on m1 using market structure
Q3: Why add or remove indicators?
Q4: Why jump between templates?
Q5: Why i chosse KIS?
Q6: New update are coming, and should next?
Q7: Special tip
Q8: Motivation and take time for some rest this weekend
A1:
More important than trying to trade on M1 straight away, it's important to understand the logic of the market structure and a good way is to start on a high timeframe, M15 will be a good approach, the alerts are reduced and we don't go back and create possible entry and exit scenarios and focus on what our market structure is.
In less words, if miss this post, check: post1295428139.html#p1295428139
You don't have to go straight to the download, but pay attention to the text which explains it very well. And try figure to template you are study at this moment, doesn't matter is are the first version we have in this amazing thread, or the last one.
If it still doesn't make sense, then a practical example.
And if continue to not make sense, try with this approach, is explain in different way, and maybe can be helpful
Only when you're comfortable in M15, and yes it will take some time, it doesn't matter if it's 1 day, 1 month or 1 year, but what does it matter? Important yes it's like everything in life, it takes time to understand and then when you start to understand the logic 100% then you can start to explore new possibilities and scenarios and move down to M5 and the same logic, be an expert and when you have the general knowledge then you move to M1. It's like building a house, you don't start with the roof, you start with the planning so that you can bring the best experience to the construction of your project.
A2:
Trading on M1 (1-minute chart) using market structure can be a fast-paced but effective strategy when done correctly. Market structure refers to the overall arrangement of price action in the market, and understanding it can help you identify trends, reversals, and key areas where price is likely to react. Here's how you can approach trading on M1 using market structure:
1. Identify the Market Structure
Trend or Range: First, determine if the market is trending or ranging. On M1, trends can be short-lived, but you can still capture profitable moves if you catch them early.
Bullish Market Structure: Higher highs and higher lows.
Bearish Market Structure: Lower highs and lower lows.
Range Bound: No clear direction, prices oscillating between support and resistance levels.
2. Key Levels and Support/Resistance
Mark key support and resistance levels on higher time frames (like M5, M15, or H1) because these are more significant.
On M1, you can look for small support and resistance levels within the current range or trend. These will help guide your entries and exits.
3. Use Price Action to Confirm Reversals
Break of Structure (BoS): A break in market structure (e.g., a lower low in an uptrend or a higher high in a downtrend) could signal a trend change or a continuation.
Pullbacks & Retests: After a structure break, price may pull back to test the broken level (previous support or resistance). This can present an opportunity to enter with the trend.
Candlestick Patterns: Look for price action signals like pin bars, engulfing candles, or other reversal patterns at key levels.
4. Entry Timing
Trend Continuation: If you identify a clear trend (like higher highs and higher lows), wait for a pullback to a key level (previous resistance turning into support in an uptrend, for example) and look for a continuation setup.
Reversal: If you spot a break of market structure (a lower low in an uptrend), consider entering after the pullback as the market may reverse.
5. Use Momentum Indicators (Optional)
Indicators like RSI or MACD can help confirm your bias (e.g., looking for overbought/oversold conditions for potential reversals) or to spot divergence, which could signal weakening trends.
Volume: Volume spikes often confirm the strength of a move or a breakout. If you see a market structure break on low volume, it might not hold.
6. Risk Management
On M1, you’ll experience fast market movements, so strict risk management is crucial.
Stop Loss: Place your stop loss below the most recent swing low for a buy or above the swing high for a sell, depending on your entry.
Take Profit: Keep your profit target realistic. Given the fast pace of M1, set targets based on recent price action swings or use a risk-reward ratio like 1:2.
7. Patience and Discipline
M1 trading is extremely quick and can be emotionally taxing. Stick to your strategy, avoid chasing the market, and only take trades that fit your criteria.
Example of a Trade on M1:
1. Trend Identification: On M5, you identify an uptrend (higher highs and higher lows).
2. Key Level: The price retraces to a support level from the higher time frame, and you notice a small pullback on M1.
3. Entry: The price forms a bullish engulfing candlestick at the support level on M1.
4. Confirmation: You see that momentum indicators (e.g., RSI) confirm the bullish move, and volume spikes during the candlestick formation.
5. Exit: Set your stop below the recent swing low and your target based on the last recent high or a 1:2 risk-to-reward ratio.
Remember, M1 trading requires quick decision-making, so practice using a demo account before going live with real money. Keep refining your approach based on what works best for you!
A3:
I see that some members, in the course of their learning, begin to remove indicators, and add new concepts, I'm not going to say anything bad or judge, that's not my role. I'm trying to help everyone learn better in a clear way, explaining every detail that helps me and you, so always keep each of the indicators (such as ZigZag, Triangles, Panel1, etc etc) present in each version, because if they're there it's for a reason and they'll help you make decisions in each step of the journey throughout the day.
A4:
I understand that it's tempting to constantly search for the right one, and it seems that version A B or C is more perfect than we have in front of us. Well, that's a frequent mistake I've made in the past, and I wish many of you wouldn't make that mistake, but focus and work with what's in front of you, write your own rules for entering, managing and exiting orders, because think about it this way: the moment you decide to change versions, you'll probably have to learn everything all over again, it'll cost you a lot more, and bring more anguish and anxiety into your life? is that what you want? Think carefully about this topic, it's perhaps the most important of all in your daily mindset work.
A5:
In each version that is available, I only focus on all the indicators available, that's the only way to keep my head clear and focused, I don't add or remove anything and I always use DailyOpen as a reference to guide the patterns I'm looking for when deciding how to manage orders. And the choice of pairs is very important, because stress management is very important when you're in lower timeframes.
Never forget one thing, the messier your chart, the longer it takes your head to process the information, so always stay focused.
Meditating, practicing a sport, playing chess, and/or activities outside of trading help a lot to maintain concentration when we are dedicated to trading, not just here, but in everything we do on a daily basis.
KIS = Keep It Simple
A6:
When a new version is available, and in this case in a few days we'll have a new version, my suggestion, don't go rushing off to open positions, let the chart flow normally on the pairs you want to trade, take notes, if you need an indicator shared a few months ago that can help you build your checklist, there's no harm in that.
A7:
No matter what timeframe you choose, this isn't a contest, the important thing is that you achieve happiness every day, and that's the real victory of the success you achieve every day. And that is the true beauty and essence in any of the challenges we embrace throughout our lives.
A8:
And for the last, no one knows everything, no one is right, but together we make a difference every day in what is the best trading community in the world and we all learn from each other, believe that if you leave your legacy you will be repaid for more than you expected and that is the true essence and beauty of our trading journey.
These users thanked the author Curioso for the post (total 16):
Lives intensely, because each moment is unique, and looks at each graph with the same passion, because in each line there is a story to be moved by and learn from.
Re: XARD - Simple Trend Following Trading System
