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Re: Trading XARD system (Christmas Setup)

by: josi
If my forecast is correct, and soon a downward reversal will occur, then naturally I will wait for the second point on the lower (M5) timeframe. This is the main rule and it is invariable !! I trade only from the second point. And by the way, the double top has not yet been confirmed and the price ...

Re: Trading XARD system (Christmas Setup)

by: josi
[quote=aaven post_id=1295406805 time=1585278056 user_id=4936153] I must say I agree with aaven's analysis and don't see why you'd take a sell at that poínt or why you'd think you had a 2nd dot telling you to go down. So any precise explanation would be welcome. Maybe - please don't lose your patienc...

Re: Trading XARD system (Christmas Setup)

by: josi
According to the rules of the last setup, you would have a false entrance in the place indicated by the arrow I don't know whether you can see this my way at all - but your arrow - for me - gives a perfect example of why it is not a problem of entry and exit. If your directional bias wouldn't have ...

Re: Trading XARD system (Christmas Setup)

by: josi
Open sell position on Dow My stop 22610 It will be very interesting to see how this works out. We are back in the range of the 26th before price broke up. There seems to be little room downward in the very short term. Price very much looks as if it is in no man's land right now - so consolidation b...

Re: Trading XARD system (Christmas Setup)

by: josi
Thank you for your conclusive answers. I had a very interesting day following your actions and I am quite impressed by the calmness and rigour with which you executed - what seemed to me - a somewhat sluggish trade. I must confess for the first two hours or so I had my doubts about the validity of t...

Re: Trading XARD system (Christmas Setup)

by: josi
What worries me a bit in this situation ... This is the fact that during a sharp upward movement Xard’s setup did not manage to catch this jump in the main window. Not a background, not a single candle had time to change color to blue. This moment is shown in the picture by a yellow arrow. Only the...

Re: Trading XARD system (Christmas Setup)

by: josi
ImpLaNT wrote: Mon Mar 30, 2020 6:31 pm As I said, a sell position was opened at 21605. But the situation is now ambiguous. So far, I have been closely watching price behavior. The current stop loss is above the last peak at M5. SL = 21991. Observing ...
Once again - prce did what you expected.
MM 4/8th can be very strong resistance.

Re: Trading XARD system (Christmas Setup)

by: josi
Moved the stop by position at 21345. I feel insecure in today's session and rightly so - if I read price correctly - very difficult to anticipate and trade. Pretty random walk right now. On the M5 price is in an upward channel. It has faked out downwards about 4 times but as yet isn't inclined to m...

Re: Trading XARD system (Christmas Setup)

by: josi
Good morning everyone. Yesterday was a difficult day in terms of trading. Succumbed to emotions, closed the position ahead of time, resulting in lost profits. But the price nevertheless came to where it was expected, even with a margin ... Lost profit is still better than a possible loss. I’ll calm...