Re: XARD - Simple Trend Following Trading System

#3357
damoneymaka2 wrote:
Sat Jul 18, 2020 4:05 am
josi wrote:
Fri Jul 17, 2020 5:33 pm
It's even simpler if you only use EMA20 but that's not the XARD system.
What is that MA indicator that you have in your chart?
1. This has nothing to do with Xard's system and shouldn't be discussed here.
2. As stated in the message it is the EMA 20.
a) EMA20 close (or open if you prefer)
b) EMA20 low
c) EMA20 high
if you use one of MrTools averages (that change colour on slope change) you get exactly this effect

Re: XARD - Simple Trend Following Trading System

#3358
Remuli wrote:
Sat Jul 18, 2020 5:17 am
It would be fine to see how xard's upcoming intraday system handled dax30 today. for example, a 5 and 15 minute chart
XARD: Here is DAX 5min chart for your perusal
It isn't always the lowest TFs that offer the easiest solution (enter at Goldbands after Stoch signals up and then forget about it for the rest of the day - but, of course, that is hindsight)
GE30H1.png

Re: XARD - Simple Trend Following Trading System

#3359
Cladi39 wrote:
Fri Jul 17, 2020 7:58 am


Just in the cross of EMAS simple like that.
Abolutely! We trade direction, not colours and dots and lines and.....There is a saying which can be applied to many charts: "CAN'T SEE THE FOREST FOR THE TREES"
Indicators mean nothing unless you understand direction and S/D i.e. Supply and Demand levels. I hardly see those on any charts on Forex Station and I wonder how can one trade not knowing at which levels buyers and sellers are trying to dominate i.e. the price reverses or pushes through and later one the Supply level changes to a demand level and vice versa. You can scroll back till Jesus Christ and those levels are still valid and they will be so till the next ice age. Please, pay attention, this is a business like anything else. And business works on supply and demand.
And you need to know your tools. That's basic education.
Cladi wrote on his Pic " EMA 21 and 200 cross". Now, we should know that EMA is an Exponential Moving Average and is part of the MT4.

If you, like myself, want to trade for a living I urge you to pay attention to the essentials and not a thousand Indicators. This is a business like anything else. And business works on supply and demand. Period!

Just to make my point, this is how my GBPUSD chart for trading would look like (I don't trade FX). The levels are historical and not just fitted to the latest PA.
One can see Xard's suggestion to trade the second Dot in the direction of the Arrow :D It's the red Dot and it worked out pretty well as I saw today.
Why? No, not because of the Dot. It's because the price action stopped at a major S/D level (thick Aqua Line) and reversed. No demand. Simple as that. Look at the 1H chart and you know why.
GBPUSD.JPG

GBPUSD_1H.JPG


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