Re: XARD - Simple Trend Following Trading System
10421possible that only I can not watch 1 minute then 5 then 15 ,, sorry for the outburst
msbh wrote: Wed Feb 23, 2022 9:50 pm Thank you for the valuable tips Xard![]()
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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.
This is so you can take advantage and keep an eye on when different stock exchanges open:)
Thank you Xard, for your efforts and generosity.
Well I made already tons of simulations (my eyes are covered in blood LOL) and I would respectfully disagree, or at least I would say 8 out of 10 "breakouts" from the Ribbon are not able to be seen at that moment in time, as the Ribbon is constantly adjusting and repainting, so if we just scroll back we can see holy grail entry points yes, but in reality, it's hard to spot and decide if there was a valid "Ribbon-breakout" or not at the live moment.FourXXXX wrote: Sun Feb 27, 2022 4:19 pm Something I like in V20 and V22 on M5 every time price leaves the Ribbon it reverses.
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