What are you doing here as children? Some say that they supposedly know a certain "raisin" of success, talk about some levels, others say that you need to trade exclusively along the trend of the older TFs. But in fact, neither this nor that saves. Because ... any SD levels either break through, or the price bounced from them. The probability here is about 50/50. The direction of the trend in the older time frames becomes absolutely obvious quite late. At the same time, sufficient rollbacks are not always formed to enter the market in the direction of the trend on a price pullback. Plus, add here sideways movements, when there is no certain trend on the older TFs and each new maximum or minimum is perceived as a confirmation of the alleged beginning of a certain trend, but having formed a new extremum, the price immediately falls off from it in the other direction and any of your entries on a pullback will still be unprofitable in a similar situation.
Why am I saying all this, so that everyone understands and realizes that there are no systems that can definitely bring tangible profits for a long time, regardless of the state of the market, the traded asset, etc. ... This is a myth !!! Remember this dear guys, and especially newbies who have recently come to trading in the hope of making money here. This is no easier to do here than in any other field of activity. My statements don't need proof because of their undeniable logic. Try to reason from the opposite ... If there were such systems, one way or another its would gradually become known to a wide range of people. And no one would have been doing anything else for a long time - everyone would just do that they would sit in soft armchairs all day and trade in Forex. But for some reason this does not happen. Just because 90 of 100 people who come to trading sooner or later return to the usual types of earnings, about 5 people become absolute bankrupt, leaving forex with everything they had, and only 5 people become profitable traders. Accordingly, you can estimate in advance your chances of success in this field. Plus, mind you, almost no one (including Xard himself) shows their real deals here, mostly descriptions are given of how it was necessary or not necessary to act in a given situation and, as a rule, this description is based on historical data, and not on the current moment of the market ...
The Xard system is not a panacea that can solve this problem. This is an ordinary system with a very good graphical interpretation of the current market situation, which in certain market conditions (namely, the presence of a trend with fairly simple wave structures) has a probability of more than 50%, subject to the rules of the system. And you need to treat and perceive the Xard system as an ordinary trading system, and not a panacea and not think that if you use it according to all the rules you are doomed to become a "Wolf from Wallstreet" ...
Re: XARD - Simple Trend Following Trading System
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