Re: XARD - Simple Trend Following Trading System

1243
Here is the problem I'm facing.

Both the M30 and M6 are showing red semafor, but M1 is showing green semafor. The M1 green semafor is also the same position as the white dot of M5.

Now that M1 showed another white dot after the green semafor, do I place a short trade here? As it can be considered the 2nd white dot using the M5 chart as an example?

Or do I need to have to wait for all 3 charts showing the same colour semafor, and count the 2nd white dot on the M1 chart after that?

Please advise.

Thank you
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Re: XARD - Simple Trend Following Trading System

1244
In a nutshell - we want to trade from 30 min Red Semafor to 30 min Green Semafor to 30 min Red Semafor Ad Infinitum.
However, our Semafors have a tendency to recalc so a way around this is to use the 2nd White Dot to confirm the possibility that the current Semafor will no longer recalc and we can therefore make our trade to the next Green/Red Semafor with impunity. The problem that exists is that the 2nd White Dot can also recalc, it may not even turn up on the 1min chart and sometimes not even on the 5min chart and sometimes not even on the 15 min chart. That's sometimes, in most cases it will appear on one or two TFs below the 30 min and allow us to commit a trade towards the next Semafor on the 30 min TF (Woohoo kerching).

I got temporarily bogged down looking for a retracement of the 2nd White Dot towards the 61% and 78% zone level and missed out of some golden opportunities. It turns out that the 2nd white Dot can appear at as little as the 30% retracement level and hold the line then reverse and continue on the main trend.
The problem here is if we then enter at this level only to see price retrace back to 61% (or even 99%) can be a lot to swallow on the negative side - a position that none of us want to be in. I am finding that the 5min chart is giving us our best 2nd White Dot from which to trade toward our 30 Min Semafor. Hence, the 30 min & 5 min charts on my trading screen.
Hopefully other traders will see this and perhaps we can have a workaround for any inconsistencies along the way.
All the best
Xard777

PS Here is what the latest setup will look like...
Here we have the 30 Min chart showing 5 min White Dots, 15 min Blue Dots and 30 min Semafor Red Dots (Red Dots will cover up both white & blue Dots on the chart).
The 15 Min blue Dots are same as 5 min white Dots but showing on the 15 min TF - so in theory you are looking for the Highest/Lowest white or blue 2nd Dot from which to trade to the next Red Dot

This way you can simply stay on the 30 min chart at all times and get to trade the smaller TF 2nd Dots (be it 5 min or 15 min).

THIS IS HOW I WOULD TRADE THIS SETUP
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XARD: If Carlsberg made charts... Probably the best charts in the world




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