I have switched from trading Forex to trading Indices.
My daily target is 150 Pip$ which is usually made up of two trades every day.
If I can't sleep and I am up during the Asian session I will look at trading the HK50, however, most times I will trade during the London and US sessions the US500 or WS30.
I mostly trade the WS30 but if the potential trade is matched on both indices I will usually switch to US500
As a rule I try and not stay in a trade until the death, instead I look to simply take some meat off the bone and get out.
I know that I can do this two to three times a day and safely hit my daily target. Even though my goal is 150 per day that does not mean that I do not aim for 200 :-)
Xard777

xard777 wrote: ↑

Tue Feb 23, 2021 12:54 am

I have switched from trading Forex to trading Indices.
My daily target is 150 Pip$ which is usually made up of two trades every day.
If I can't sleep and I am up during the Asian session I will look at trading the HK50, however, most times I will trade during the London and US sessions the US500 or WS30.
Xard777

Valuable information, thanks, though I have read pdf with explanations. But some questions still appear sometimes. Demo first, of course, I am not greedy. I have got some lessons.

Great long setup at "XTIUSD" 15 min
And price is still climbing, but I already took my profits at the first signal of the Square arrow.

Originally I wanted to create a trading strategy that would allow me to compound all of my trades during the trading cycle.
I managed to do just that with the 2nd Dot strategy, I was able to make my inital trade at the 2nd Dot (the entry confirmation level) and look to make subsequent compounded trades off additional similar dots along the way until the cycle was complete and I would then close all of my trades at once. This strategy produced phenomenal results over a short period of time.
However I would need to reduce my lotsize so as to not overtrade. Instead, I decided to keep my original trading structure and simply trade each subsequent trade independently. This way I get out of a trade and start the new trade with a much larger lotsize than the previous and I still get to compound my profits at the days, weeks and months end.
Xard777

Targets hit for today - repeat tomorrow to perpetuity

What strayegy do you use for stops?

swing below 1st dot?
XARD: I use imaginary stops set to the 2nd dot if I take a trade at the cross of the Trend.
If I take the trade at the Dot then I set an imaginary stop at the previous Dot (Perimeter Dot).

Xard, please, my next question is about your SP 500 trade that you have shown above. Did you take buy trade under the Daily open line? Thanks.
XARD: Yes, Price had moved down quite a bit, I think it was around -320 from the Open but the Up move was stopped short and I only managed +60 Pip$
When price is below the open line that means the bias is down so when we get a Red Dot that is close to and below the Open then we should see Downward movement, but that downward movement has to at some point swing back like a rubber band before continuing on it's downward move

You can use this indi to set up your targets.. TP, SL,Trailing SL, Break even etc..
download/file.php?id=3370228

xard777 wrote: ↑

Tue Feb 23, 2021 12:54 am

I have switched from trading Forex to trading Indices.
My daily target is 150 Pip$ which is usually made up of two trades every day.
If I can't sleep and I am up during the Asian session I will look at trading the HK50, however, most times I will trade during the London and US sessions the US500 or WS30.
I mostly trade the WS30 but if the potential trade is matched on both indices I will usually switch to US500
As a rule I try and not stay in a trade until the death, instead I look to simply take some meat off the bone and get out.
I know that I can do this two to three times a day and safely hit my daily target. Even though my goal is 150 per day that does not mean that I do not aim for 200 :-)
Xard777

Hi Xard, I trade mostly fx. Hence i have silly question: Say if WS30 moves from 31430 to 31445. Does it make 150 pip or 15pip? Please let me know.Thanks.
XARD: If the Dow is at 31430 and moves to 31445 that is 150 Pip$ move.

Question:
I noticed that in your screenshots you have some indicator in the bottom screen. How do you get them into one screen?
XARD: Just drag and drop the second indicator onto the sub window.

its there a way to change the pair in two charts at the same time?