josi wrote: ↑
Thu Apr 30, 2020 5:48 pm
Maybe to ride a trend you don't need more than this (I would argue: even less):
Thanks for the care, Josi. Naturally, I know these methods for determining the trend by a higher TF (by the way, the picture shows far from the most effective ones). But the fact is that I always strove to create a swing-cycle trading system. I am not interested in joining a trend, as a rule, by the time the trend becomes obvious, which means it is almost complete. I am interested in the method of finding the reversal points of a trend and enter the trend at the very beginning and exit, if possible, at the final stop. I see how people acting approximately according to your methods in the Xard's thread, are happy after earning 20-30 pips from a trade. I, in turn, lose 250-300 pips on stops. Feel the difference ... where 20-30 and where 200-300 ... You can object to me by saying that they earn, and you lose, and you will be right. But such a person I am, I'm not interested in crumbs from the pie, I'm interested in the whole pie.
The fact is that before creating this thread, I had a fairly good period in trading, and acting on my previous system, I was able to make about ten good trades that increased my deposit by 600% in 2 months. It seemed to me at that moment, that I found something worthwhile and decided to start this journal. Now it becomes clear that this was a period when the system perfectly matched the rhythm of the market. But as soon as the rhythm changed, the system stopped working efficiently, moreover, it began to cause losses. And this means that there is no system.
But I am not stopping, I am going to move on, changing and rethinking methods and approaches. I completely abandoned the typical zigzags and everything connected with them in determining the possible reversal points. I returned to my old ideas, from those times, when I didn't know about the existence of Xard and his systems. I took the most worthwhile from there, applied the Xard system to this. In the new setup, the Xard system is needed only to confirm the moment of entry. The direction of entry is determined using completely different indicators. Now I look what came of it. So far, I don't trade, just watch how the new setup behaves in the real market.
This is statistics for last 2 days ...
SP500 TF M5
Buy 2877 - Sell 2887 +100 pips
Sell 2887 - Buy 2896 - 90 pips
Buy 2896 - Close 2950 +540 pips
Sell 2942 - Close 2895 +470 pips
Observations continue ...