Re: Trading XARD system (Christmas Setup)
161Thanks for share but i realy dont understand where you take the trades, the price go in oposite direction.
Thanks Implant,ImpLaNT wrote: Wed Apr 08, 2020 11:52 am I remain in the Sell position on gold. It can be seen from the picture that the Extereme Spike bar did not form even on the minor M5 timeframe. Stoploss and TP remain in the same places as yesterday, 1680 and 1615, respectively.
Screenshot_43.png
I meant that there is no blue bar from Extreme Spike indicator that would say, that a sufficient depth of the downward moving has been reached, and we can consider closing a sell position. Regarding the numbering ... There are times, when it is difficult to unambiguously interpret the wave numbering by timeframes. Now this is exactly the case. And at the time of numbering, it was such a layout that seemed most likely to me. This does not mean that this is the final version, something may change over time. If you are confused by the fact that near the numbers 1 and 2 you don't see blue lines, this may be due to the fact, that the correction in the form of wave 2 is too small and fleeting compared to wave 1. And the indicator simply did not detect this zigzag. I repeat once again - this is not the final, but a working version of the markup at that time. In any case, so far I do not see any signal to close the position.fitditcorp wrote: Wed Apr 08, 2020 12:59 pm
Thanks Implant,
I think your counting scheme is confusing. How come about the 1, 2 points in blue? I understand the M5 end point counting in white but for the M15 counting, you seem to just be placing numbers.
Also since there was already an extreme spike at 0 why are you saying there are no extreme spike. How many do we expect to see before taking a trade?
Thanks.
RZAMK wrote: Wed Apr 08, 2020 3:08 pm ImpLaNT;
Regardless of the rules of the Elliott wave, which I am not fluent in, will this position be taken according to your system and will hit TP?
Sorry to interfere once again - I apologize right from the start:ImpLaNT wrote: Wed Apr 08, 2020 3:46 pm
And I would like to say once again, that trading on major pairs and crosses, which include instruments of about the same value in relation to the dollar, is extremely difficult and inefficient! That is why instruments with a high ADR value are selected, and if crosses, then only with a maximum spread of the instruments, included in their composition. For example, GBPJPY - expensive in relation to the dollar, GBP, and cheap JPY. This condition provides cross good volatility.
josi wrote: Wed Apr 08, 2020 5:34 pm
Sorry to interfere once again - I apologize right from the start:
I should have kept my mouth shut - but these are pure claims - no real reasons given. Strange for a self-proclaimed logical-scientific person.
People - I mean, really, really lots of them - trade for example EURUSD because it has minimal spread - they tend to counteract less volatility with an increase in Lot-size.
Al Brooks has written three books on trading:
a) Trading Reversals
b) Trend Trading
c) Trading Ranges
I wonder why that is.
If someone repeatedly tries to trade an obvious RANGE using a trend trading method/system one does start to wonder how scientifically logical that can be (it's a bit like playing tennis with a golf club) and if he ever took the time to differentiate clearly between the three.
The market does not care about your system - it just does whatever it does. The market does not care whether you like your system and believe it to be logical (it may or may not be so). The market does not behave in a logical fashion - it just does what it does.
If you want to succeed you have to adapt your system(s) to the market.
I hope this is my last contribution!
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