Good morning, Topguy7Topguy7 wrote: Tue Feb 04, 2025 6:28 pm Thanks Dave for your own interpretation of xard system,its making things clearer for me. just for clarity do you go against the daily open sometimes by using using the H4 open line to trade towards the daily open line (This morning BTC)and if you do so what do you look out for or you use the daily open and h4 allignment only.
Yes, there are times I trade against the Daily Open Line. In those scenarios, the H4 Open Line is used the same way the Daily is used. All of the other indicators must be in agreement, with the exception of the ADR. I take those trades fully knowing it is a counter-trend/pullback trade…the ADR level can be further confirm that a retest of the Daily is in the works.
The preferred trade is always when the H4 and Daily lines are in agreement. But, with limited screen time due to work obligations, I found myself going days without placing trades. It was quite frustrating and I had to find a pullback trade method that works for me. With that being said, I will have a pretty quick trigger to exit those trades. An ArrowSema is what usually triggers closing the trade. It is sometimes just a nibble of meat off the bone, other times it is good pips. But it does feed my account.
Again, it is known to be more risky and if you remember Xard discussing the Index Entry trades in previous versions, it is akin to the approach taken in those trades.
BTW, as stated, I will not trade against the G-Channel indicator.