renaissance7 wrote: Thu Sep 02, 2021 9:36 pm
i posted a before and after picture.
as per xard rule, i assume it was positive bias since the last orange ZZ line was at the green perimeter dot.
so i often take the second dots once they appeared.
but looking at the second picture, the orange zzline repainted itself as price goes futher down.
my question is should i follow the RED perimeter dot on the orange zzline ?
should i be looking at CPR at this case since price is below it meaning it has a bearish bias?
Just to help a brother from NNFX family (assuming your have completed all or most of NNFX material). This is how to think of XARD system in line with what you had already learnt from NNFX.
In trading, there are different kinds of trades: 1) Standard Trade 2) Continuation Trade 3) Reversal Trade
The rules for entry vary depending on the kind of trade you are looking at and the kind of system you are using (NNFX or XARD). In using XARD system, you need to put aside all NNFX rules for trading Standard, Continuation or Reversal trades because they are not the same system.
XARD is juicier.
For First (Standard) Trades
[*]Use the orange ZZ line (which always matches with your Perimeter dot) on 15m as your trading bias (this means the ZZ line shows you the overall trend which you should trade in line with).
[*]WAIT! for the candle color to change to blue and be above the Open Line for buy; red and be below the Open Line for sell
[*]Take profit at the Channel Line above entry for buy and below entry for sell. Most people don't scale out here. I don't recommend that.
For Additional (Continuation) Trades
[*]Take additional trades off 2nd dot (2,4,6...) that appear i.e. green 2nd dot + blue candle for additional buy and red 2nd dot + pink candle for additional sell
[*]Take profit at a higher semaphore i.e. a semaphore in an opposite direction from your entry
For Reversal Trades
Not recommended
Enjoy!
XARD: If using the CCI... As a rule of thumb always make sure that your trades are in sync with the CCI