HI
xard77 thankyou for sharing this wonderfull system
i have one question
gbpjpy in 5 minute red semafor and it means end wave 1 minute yet 2nd withe dot
wich candle inter the market?
change coulor is pink or break the trend line&change coulor?
god bless you man and thank you agin
Re: XARD - Simple Trend Following Trading System
1242thank you for sharing this wonderfull system
Re: XARD - Simple Trend Following Trading System
1243Here 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
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
Re: XARD - Simple Trend Following Trading System
1244In 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
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
- These users thanked the author xard777 for the post (total 14):
- fadhayemustafa, Narkarn, navlem, traderokey, markstep, jgxpro, stond, ImpLaNT, SWicak, INFERNO, Christonly, Jedidiah, Erebøs_X, StuartWong
XARD: If Carlsberg made charts... Probably the best charts in the world
Re: XARD - Simple Trend Following Trading System
1245This is Magnificent Xard.
Thank you so much, I hope your handwork for this community be rewarded for long life with healthy
Thank you so much, I hope your handwork for this community be rewarded for long life with healthy
Re: XARD - Simple Trend Following Trading System
1246Just realised that I do not have the auto refresh on (set to refresh every 5 mins).
Will add it in later and post the setup.
Xard777
Will add it in later and post the setup.
Xard777
XARD: If Carlsberg made charts... Probably the best charts in the world
Re: XARD - Simple Trend Following Trading System
1247I've been having pretty good success with the 30Min. for trend then dropping to 5 min.
Roughly about 90% win rate... out of 30 or so trades...
Let's see how it is as I get better and do 100 trades what happens to the winrate.
Roughly about 90% win rate... out of 30 or so trades...
Let's see how it is as I get better and do 100 trades what happens to the winrate.
- These users thanked the author jcorp01 for the post:
- traderokey
Re: XARD - Simple Trend Following Trading System
1248Hi Xard,
Do you still recommend that we open the M1 chart to look for entry using your new version?
XARD: Yes, keep a 30 min chart open and you can switch from 5 min to 1 min when trading inside the orange box (hk50 and dow)
Do you still recommend that we open the M1 chart to look for entry using your new version?
XARD: Yes, keep a 30 min chart open and you can switch from 5 min to 1 min when trading inside the orange box (hk50 and dow)
Re: XARD - Simple Trend Following Trading System
1249xardfx-markers indicator is freezing the system
Re: XARD - Simple Trend Following Trading System
1250I dont encounter such thing, Maybe you're loading up too much charts or your system is outdated.