Rules Followed, Entries made, Risk mananged.......Take profit Hit....from the trade ideas posted yesterday.
Re: XARD - Simple Trend Following Trading System
#2182Almost 10pips (9.7) again - EURUSD M1Chart
from 1/8th to 7/8th and down again
from 1/8th to 7/8th and down again
Re: XARD - Simple Trend Following Trading System
#2183Good evening, Mr. Sanel could you please give me the indicator that you used in the last post
Re: XARD - Simple Trend Following Trading System
#2185but you only trade towards 8/8 ,,? would it be fair to also buy 1/8 ?? I hope the translation is correct
Re: XARD - Simple Trend Following Trading System
#2186Good question. Well in xard rules it is stated that overbought is 8/8th to +2/8th and oversold 0/8th to -2/8th. So if you bought directly at 1/8th where you can see the blue circle and white Arrow, you take a risk that it can go lower up to oversold area and hence repaint further. I am still experimenting. In the past I did some trades right after the blue/red circles with white arrow but those are risky trades.braciola719 wrote: ↑Fri Apr 24, 2020 4:30 pmbut you only trade towards 8/8 ,,? would it be fair to also buy 1/8 ?? I hope the translation is correct
In the picture I took the buy trade after the cross which is around at 2/8th but I did not record this with pictures (I forgot). Hence you see only my sell trade after the 7/8th level.
And no I do not trade straight up towards 8/8. Usually I go out when ZigZag Arrow appears. But as far as I can see there are several options for your exit. I am still observing in the last days about those possibilities in different scenarios - in the end depends also on your trading style.
Hope my explanation could clearing some things for you.
Re: XARD - Simple Trend Following Trading System
#2187so today the buy was not to do with the xard rules, did I understand correctly ??Pikachu wrote: ↑Fri Apr 24, 2020 5:02 pmGood question. Well in xard rules it is stated that overbought is 8/8th to +2/8th and oversold 0/8th to -2/8th. So if you bought directly at 1/8th where you can see the blue circle and white Arrow, you take a risk that it can go lower up to oversold area and hence repaint further. I am still experimenting. In the past I did some trades right after the blue/red circles with white arrow but those are risky trades.braciola719 wrote: ↑Fri Apr 24, 2020 4:30 pm
but you only trade towards 8/8 ,,? would it be fair to also buy 1/8 ?? I hope the translation is correct
In the picture I took the buy trade after the cross which is around at 2/8th but I did not record this with pictures (I forgot). Hence you see only my sell trade after the 7/8th level.
And no I do not trade straight up towards 8/8. Usually I go out when ZigZag Arrow appears. But as far as I can see there are several options for your exit. I am still observing in the last days about those possibilities in different scenarios - in the end depends also on your trading style.
Hope my explanation could clearing some things for you.
Re: XARD - Simple Trend Following Trading System
#2188PERFECT TRADE FOR ME - almost 40pip EURUSD M1 Chart
I choose little bit different exit strategy. Normally I would exit at first white ZigZag which should happen much more earlier but this time I tried another exit so waiting for red dot and after that the pink candle...so far so good
I choose little bit different exit strategy. Normally I would exit at first white ZigZag which should happen much more earlier but this time I tried another exit so waiting for red dot and after that the pink candle...so far so good
Re: XARD - Simple Trend Following Trading System
#2189Well donePikachu wrote: ↑Fri Apr 24, 2020 9:55 pmPERFECT TRADE FOR ME - almost 40pip EURUSD M1 Chart
I choose little bit different exit strategy. Normally I would exit at first white ZigZag which should happen much more earlier but this time I tried another exit so waiting for red dot and after that the pink candle...so far so good
EURUSDM1.png
EURUSDM1x.png
Re: XARD - Simple Trend Following Trading System
#2190Update
Here is a screenshot of WS30 15min & 1hr Charts, you can see that I have gone back to using the GoldBands again.
It is still one of my favorites as you can see the squeeze just before the trend changes and you can follow the trade along the outer band lines.
By using the higher time frame you can stay in for a greater amount of pips coming off the trend line. At times you can see this coming off the Daily Open line too.
It is fewer trades but more Pip$ per trade.
I have tweaked the Trendline and RSI to work in sync with both the 15min & 1hr TFs making directional trading even easier with fewer false trades.
I will be posting the update later at the end of next week. Btw, the original Trend & Signal lines are set to false to hide them so they are still there if anyone wishes to continue using them.
All the best
Xard777
Here is a screenshot of WS30 15min & 1hr Charts, you can see that I have gone back to using the GoldBands again.
It is still one of my favorites as you can see the squeeze just before the trend changes and you can follow the trade along the outer band lines.
By using the higher time frame you can stay in for a greater amount of pips coming off the trend line. At times you can see this coming off the Daily Open line too.
It is fewer trades but more Pip$ per trade.
I have tweaked the Trendline and RSI to work in sync with both the 15min & 1hr TFs making directional trading even easier with fewer false trades.
I will be posting the update later at the end of next week. Btw, the original Trend & Signal lines are set to false to hide them so they are still there if anyone wishes to continue using them.
All the best
Xard777
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