Re: XARD - Simple Trend Following Trading System

10392
msbh wrote: Wed Feb 23, 2022 9:50 pm Thank you for the valuable tips Xard :star: :star: :star:

I want to throw out a few points here to help traders -

1. The importance of waiting for London Open

I recall Sudhindragk saying in one of his posts "Business Starts after London Opens"
I wait 30 mins after the London Open before taking my first trade.

2. Close any Open trades before New York Opens

Many times I noticed the market reverses at New York Open eating up my gains
from the London Open trade. So I close out and wait for New York to open.

3. The importance of waiting for New York Open

I wait 30 mins sometimes 60 mins after New York Opens to see if the market will continue or reverse.
It has helped me understand where the underlying trend is at.

4. US500 and US2000 indexes

I love trading the US2000 index and enjoy its big moves but also I noticed the US500 index is also good.
Sometimes, the US500 index moves more than US2000. I made a screenshot of my trading platform to illustrate
the difference in pips between US500, US2000 and US30 index.
Image
What RSI and CCI do you use?
Default?

Re: XARD - Simple Trend Following Trading System

10393
I have been looking at the 100% per day consistency moves again.
Normally to do 100% I would need to make 1'000 Pip$ per Day.
But seeing as how my trades are incremental and the fact that I would be compounding my trades during the course of the trading day, I figure that I only need to book around +670 Pip$ daily to complete this task. This way I would be only looking at 3, 4, or 5 trades per day depending on how the intra-day market moves.
The power of Compound Interest at work.

Xard777
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XARD: If Carlsberg made charts... Probably the best charts in the world




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