Re: XARD - Simple Trend Following Trading System

6839
msbh wrote: Fri Apr 09, 2021 8:06 pm This is a great idea Xard.
I started drawing boxes manually on my chart on the Red/Greens dots before 2 months
to help confirm a breakout in the direction of the last Arrow on M5 charts.
Only 2 weeks back, I switched to M30 chart to see how many more pips I can catch :D
The advantage of catching breakouts on higher time frames like M30 and above is that
they give you more pips and less fakeouts.
Im currently working on an exit / close trade method. Will post it once I have good results.
God bless you Xard :hug:
Try this method, you will also avoid choppiness. Also triangles take into account like dots, but be aware

Re: XARD - Simple Trend Following Trading System

6840
sashadeol wrote: Sat Apr 10, 2021 3:21 am
Appreciate that, but if the BUY trend continues, we would miss this BUY entry and the triangle will disappear as it breaks.

if you see the current chart, it seems to be breaking the last high and as such triangle will disappear.

2.png
As you can see now, in the image below, the triangle disappeared as price continued higher
And as such, at the moment, we should have taken a BUY, but we missed it, as we see the triangle.

I think this is what causes confusion for few brothers.
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