Re: XARD - Simple Trend Following Trading System

#7671
xard777 wrote:
Fri Jun 18, 2021 5:49 am
Hi Senol, I was out most of today but you're right, it was a good day for trading US30.

As you can see I have been been stripping more stuff off my setup, ended up going with the 36 EMA H/L on the 5m and 15m charts plus added the 1hr 36 EMA H/L to help with direction.
Enclosed the amended indy for your perusal.
Xard777
Thank you Sir ,

How do you use the H/L , do you wait for the color change and the close of the bar on the M5 ?

XARD: I usually show 1hr chart and 5m chart when trading. I like to trade the 1hr and get in on the 5m usually at colour change. I also watch for direction off the 1hr especially when price fails to break the 1hr trend.

Thank you Xard !
Screenshot from 2021-06-17 21-27-24.png


Re: XARD - Simple Trend Following Trading System

#7673
Skyold wrote:
Fri Jun 18, 2021 4:43 am
Today was a very good day in TF 15min
Yes, a very good day - as was the day before and before and before - if we are to believe the H1-reference...
P.S.: I didn't mix "fundamental analysis with technic" - as a retail trader you are the last one to receive information on fundamentals (of course it would be helpful if the person using the phrase "fundamental analysis" would define its meaning: is he reading business reports? Does he look at indicators visualizing inflation etc? Is he listening to news? Hindsight and generalisations make a good trader, at least on paper and in threads...)
WS30H1.png

Re: XARD - Simple Trend Following Trading System

#7674
josi wrote:
Fri Jun 18, 2021 4:24 pm
Yes, a very good day - as was the day before and before and before - if we are to believe the H1-reference...
P.S.: I didn't mix "fundamental analysis with technic" - as a retail trader you are the last one to receive information on fundamentals (of course it would be helpful if the person using the phrase "fundamental analysis" would define its meaning: is he reading business reports? Does he look at indicators visualizing inflation etc? Is he listening to news? Hindsight and generalisations make a good trader, at least on paper and in threads...)
It is very rare for me to agree with you, but this time you are right.
I assumed that anyone following this thread uses a unit of time as a roadmap. If I should post something again, I will be even more precise and explain more about it.
P.S.: If you look back, we see many good days. But we don't always make the right decisions at the moment (That's just my opinion, maybe there are some traders who feel that they are always making the right decisions).
Be patient and wait for your chance

Re: XARD - Simple Trend Following Trading System

#7675
Skyold wrote:
Fri Jun 18, 2021 7:02 pm
...maybe there are some traders who feel that they are always making the right decisions).
If you read Kahneman's new book "Noise" (which is as important as his last one Thinking, fast and slow) you will find - scientifically proven by a nobel prize winner no less - that you shouldn't decide in each particular case (even as a discretionary retail trader) because our biases and our causal thinking cause too much "noise" as they are influenced by all kinds of circumstances.
Instead you should automate your "trading plan" into steps that are always performed in exactly the same way.
If your setup has a statistical edge you will then be more likely to be profitable.


Re: XARD - Simple Trend Following Trading System

#7676
OK, I made my targets before the US open... WOOHOO!!!
Today I traded 5m US30 & 5m GOLD, in and out in short period of time.
Both of my trades were down moves coming off the Red 1hr Bias Trend H/L line (H/L Indy posted on previous post)
That is me done for today, now to go do something else.
Xard777
DOW + GOLD.png
Use the Orange ZigZag line on the 15m chart as your Intra-Day Bias. WAIT! for the candle colour change for your first trade and use the Channel line as your 1st EXIT target, take additional trades off the 2nd dots (dots 2,4,6...) that appear and look for a higher Semafor as your 2nd EXIT Target.

Re: XARD - Simple Trend Following Trading System

#7677
xard777 wrote:
Fri Jun 18, 2021 10:30 pm
OK, I made my targets before the US open... WOOHOO!!!
Today I traded 5m US30 & 5m GOLD, in and out in short period of time.
Both of my trades were down moves coming off the Red 1hr Bias Trend H/L line (H/L Indy posted on previous post)
That is me done for today, now to go do something else.
Xard777
#metoo

Re: XARD - Simple Trend Following Trading System

#7678
a perfect adx line adx candle match with sub window adx histgram and adx line.
i post 4 pic
trendy day. sidways day . nolmal day .uptrend day
i leave 9 ema use
i use 36 ema 144 ema with adx line and adx candle
tow market indicator may not work on your pc .you can download mlq5 coad base market in mt4
trende day.png
normal days.png
sidwise day.png
up days.png
New folder.rar
(840.52 KiB) Downloaded 179 times

Re: XARD - Simple Trend Following Trading System

#7680
josi wrote:
Fri Jun 18, 2021 4:24 pm
Yes, a very good day - as was the day before and before and before - if we are to believe the H1-reference...
P.S.: I didn't mix "fundamental analysis with technic" - as a retail trader you are the last one to receive information on fundamentals (of course it would be helpful if the person using the phrase "fundamental analysis" would define its meaning: is he reading business reports? Does he look at indicators visualizing inflation etc? Is he listening to news? Hindsight and generalisations make a good trader, at least on paper and in threads...)


Respected Sir,

Request you to Please Share your Price Bar Indicator if your are using on this Template Pic or Bar Colour Preference settings if you are using inbuilt bars.

Your Price Bars on Chart are almost like Tradingview i.e. Coloured Bars with Black Outline Borders & Black Wicks.


Thanks.
WS30H1.png
Capture.JPG


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