Re: XARD - Simple Trend Following Trading System

#4611
xard777 wrote:
Thu Oct 22, 2020 1:30 am
Does anyone have the script that takes an automatic snapshot when you close your trade?
(It is costing too much to take the screenshot first then close my trade :-)

Here is the entry for trade10, both MMAvg on the Index and the screen matched.
Xard777
If you have a trade history indicator, you can take screenshot any time after closing the trade...... the screenshot will tell you exactly where you entered and exit the trade.


Re: XARD - Simple Trend Following Trading System

#4612
xard777 wrote:
Wed Oct 21, 2020 3:45 pm
This however, does not translate too well on forex and the like... My Bad.
Xard777
You don't do yourself justice, our kid! Even though you developed it for Indices, it works perfectly well on TRENDING currencies!
The strategy is to IGNORE the last semafor dot/square and trade off the CONFIRMED semafor dot/square on the next higher time frame. (XARD: ...and all this time I thought confirmation was at the 2nd DOT).
Since this is a "SIMPLE TREND FOLLOWING TRADING SYSTEM" we need to trade in accordance with Newton's first law of motion which states:

""An object at rest stays at rest and an object in motion stays in motion with the same speed and in the same direction unless acted upon by an unbalanced force"".

In trading terms this means PRICE will continue to go higher and make higher highs and higher lows UNTIL it reaches a SUPPLY level (or RESISTANCE) where sellers are waiting to SELL. Eventually the sellers will create a pull back and a lower high and lower low and then the RED semafor square/dot will be confirmed and glued in place.

As with ALL "Trend Following Trading Systems" this is CRAP when PRICE is trading in a range or consolidation and will drain your account if you try to use it to trade under such conditions.

Thanks Xard

Cheers,

Rob
a.PNG
b.PNG
Cheers,

""There is nothing to fear but fear itself"" - Franklin D. Roosevelt

Rob

Re: XARD - Simple Trend Following Trading System

#4613
Senior Rob wrote:
Thu Oct 22, 2020 3:32 am
xard777 wrote:
Wed Oct 21, 2020 3:45 pm
This however, does not translate too well on forex and the like... My Bad.
Xard777
You don't do yourself justice, our kid! Even though you developed it for Indices, it works perfectly well on TRENDING currencies!
The strategy is to IGNORE the last semafor dot/square and trade off the CONFIRMED semafor dot/square on the next higher time frame.

Since this is a "SIMPLE TREND FOLLOWING TRADING SYSTEM" we need to trade in accordance with Newton's first law of motion which states:

""An object at rest stays at rest and an object in motion stays in motion with the same speed and in the same direction unless acted upon by an unbalanced force"".

In trading terms this means PRICE will continue to go higher and make higher highs and higher lows UNTIL it reaches a SUPPLY level (or RESISTANCE) where sellers are waiting to SELL. Eventually the sellers will create a pull back and a lower high and lower low and then the RED semafor square/dot will be confirmed and glued in place.

As with ALL "Trend Following Trading Systems" this is CRAP when PRICE is trading in a range or consolidation and will drain your account if you try to use it to trade under such conditions.

Thanks Xard

Cheers,

Rob
Hi Rob, How do you know when the BIG semafor is confirmed?

Re: XARD - Simple Trend Following Trading System

#4615
LJC wrote:
Thu Oct 22, 2020 4:07 am
Hi Rob, How do you know when the BIG semafor is confirmed?
Continuing with GBPCAD

PRICE has now reached D1 resistance so we start paying attention to the RED SQUARE TREND semafor BUT, we do not act on it and instead WAIT for further PRICE ACTION to develop.

In accordance with Xard's strategy, we trade off the 2nd DOT so, as of now, we are just WAITING for the 2nd RED DOT to print.

For the 2nd RED DOT to appear, PRICE has to make a lower high and a lower low. At the time we are at now, PRICE has printed a lower low - the GREEN DOT. To print the 2nd RED DOT, PRICE has to move higher from the GREEN DOT but NOT higher than PRICE at the RED SQUARE TREND. If PRICE does move higher then it will print a higher RED SQUARE TREND. If PRICE stays below the RED SQUARE TREND and prints a lower swing high above the GREEN DOT then it will PRINT the 2nd RED DOT.

At that time, the conservative and SAFE entry is when PRICE CLOSES below the TREND EMA.
a.PNG
Cheers,

""There is nothing to fear but fear itself"" - Franklin D. Roosevelt

Rob


Re: XARD - Simple Trend Following Trading System

#4616
Senior Rob wrote:
Thu Oct 22, 2020 4:39 am
LJC wrote:
Thu Oct 22, 2020 4:07 am
Hi Rob, How do you know when the BIG semafor is confirmed?
Continuing with GBPCAD

PRICE has now reached D1 resistance so we start paying attention to the RED SQUARE TREND semafor BUT, we do not act on it and instead WAIT for further PRICE ACTION to develop.

In accordance with Xard's strategy, we trade off the 2nd DOT so, as of now, we are just WAITING for the 2nd RED DOT to print.

For the 2nd RED DOT to appear, PRICE has to make a lower high and a lower low. At the time we are at now, PRICE has printed a lower low - the GREEN DOT. To print the 2nd RED DOT, PRICE has to move higher from the GREEN DOT but NOT higher than PRICE at the RED SQUARE TREND. If PRICE does move higher then it will print a higher RED SQUARE TREND. If PRICE stays below the RED SQUARE TREND and prints a lower swing high above the GREEN DOT then it will PRINT the 2nd RED DOT.

At that time, the conservative and SAFE entry is when PRICE CLOSES below the TREND EMA.

All supports are "punched"

Through "Google Translator" - a rusty answer.
But how do you know where to stop?
Today, this point "led me by the nose."
viewtopic.php?p=1295421506#p1295421506
Breakthrough. And then repeated at the "highest level" +11points
GBPUSDM15.png
GBPUSDM.png

Re: XARD - Simple Trend Following Trading System

#4617
Senior Rob wrote:
Thu Oct 22, 2020 4:39 am
LJC wrote:
Thu Oct 22, 2020 4:07 am
Hi Rob, How do you know when the BIG semafor is confirmed?
Continuing with GBPCAD

PRICE has now reached D1 resistance so we start paying attention to the RED SQUARE TREND semafor BUT, we do not act on it and instead WAIT for further PRICE ACTION to develop.

In accordance with Xard's strategy, we trade off the 2nd DOT so, as of now, we are just WAITING for the 2nd RED DOT to print.

For the 2nd RED DOT to appear, PRICE has to make a lower high and a lower low. At the time we are at now, PRICE has printed a lower low - the GREEN DOT. To print the 2nd RED DOT, PRICE has to move higher from the GREEN DOT but NOT higher than PRICE at the RED SQUARE TREND. If PRICE does move higher then it will print a higher RED SQUARE TREND. If PRICE stays below the RED SQUARE TREND and prints a lower swing high above the GREEN DOT then it will PRINT the 2nd RED DOT.

At that time, the conservative and SAFE entry is when PRICE CLOSES below the TREND EMA.
Stopped at the level of "resistance of the week"
GBPCADM15.png

Re: XARD - Simple Trend Following Trading System

#4618
Senior Rob wrote:
Thu Oct 22, 2020 4:39 am
LJC wrote:
Thu Oct 22, 2020 4:07 am
Hi Rob, How do you know when the BIG semafor is confirmed?
Continuing with GBPCAD

PRICE has now reached D1 resistance so we start paying attention to the RED SQUARE TREND semafor BUT, we do not act on it and instead WAIT for further PRICE ACTION to develop.

In accordance with Xard's strategy, we trade off the 2nd DOT so, as of now, we are just WAITING for the 2nd RED DOT to print.

For the 2nd RED DOT to appear, PRICE has to make a lower high and a lower low. At the time we are at now, PRICE has printed a lower low - the GREEN DOT. To print the 2nd RED DOT, PRICE has to move higher from the GREEN DOT but NOT higher than PRICE at the RED SQUARE TREND. If PRICE does move higher then it will print a higher RED SQUARE TREND. If PRICE stays below the RED SQUARE TREND and prints a lower swing high above the GREEN DOT then it will PRINT the 2nd RED DOT.

At that time, the conservative and SAFE entry is when PRICE CLOSES below the TREND EMA.
Why they stopped here. How to determine?
GBPUSDM15.png

Re: XARD - Simple Trend Following Trading System

#4619
Here is a screenshot of Cable H1, H4, and D1

You can see the Fibonacci retracement (close to the 61% level).
If price goes up some more (between 61% & 78%) we would see a white DOT/Circle draw in on the Daily and we would have a nice 2nd DOT followed by a very nice down move. Of course, we do not enter our trade on the 2nd DOT, instead we wait for price to cross the Trend line before we enter. And, if that move is too far away then we wait for a minor 2nd dot to play out in a lower TF and enter on the cross of the Trend line there.
CABLE.png

Re: XARD - Simple Trend Following Trading System

#4620
RomanUkraine wrote:
Thu Oct 22, 2020 4:53 am

But how do you know where to stop?
By "punched" you mean "broken" but really we only take action on a CLOSE above/below Support and Resistance

We "stop" or close our positions when the "smart money" buyers stop buying! They will do this when THEY reach their target which will usually be at previous Supply and Demand.

On GBPCAD, "if" PRICE CLOSES above D1 resistance then we look for PRICE ACTION at the next resistance which might be on W1 or M1 - there is no perfect exit - you just get out when you are satisfied with your $.

Trying to find the top or bottom to exit is for losers - as trend traders we look to capture the meat of the trend - the 75% to 80% between the top and bottom. We are not top and bottom pickers and leave that for those that lose money. Just be happy with whatever you bank and that you are one of the 5% who make money from trading.
Cheers,

""There is nothing to fear but fear itself"" - Franklin D. Roosevelt

Rob


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