.

Re: XARD - Simple Trend Following Trading System

#621
I also check the currency meter before any trade.

At the time the JPY was the strongest and it was to the downside. The Jpy was the Leader and I could tell that the JPY was the currency to trade.
I will wait until I get at least two pairs with entries of the same currency before entering a trade.

Meaning. If I want to enter an Aud/jpy buy trade I will first need another valid buy entry for a different JPY pair. This is just one of the little things I do to confirm my choice to trade the JPY. In this case, I had many JPY trades open up for me at around the same time.

Another thing. I know you can get caught up in all the indications. You see the blue trend line or pink-red trend line and think buy or sell.
But I'm telling you right now get to know your candle patterns.
The simple go-to ones. I always like an engulfing pattern with a pullback or slight pullback and a breakaway candle at the end.
That's how I like my trades.
Everyone is different. You will eventually like what you like.

This is the simplest way to trade. There is much more to making money than this but thats all for today.

DRAXILL
currency meter.png


Re: XARD - Simple Trend Following Trading System

#622
DRAXILL wrote:
Fri Oct 11, 2019 5:02 pm
I had to take the training gloves off for a bit and stretch the old trading muscles.

DRAXILL
I don't want to sound boring, but I took the same instrument (GBPJPY) based on earlier action - went against me for a while, but it didn't come close to my SL, so next day my patience got rewarded, and at well above 200+% ADR I decided to jump off the train (entry and exit are marked with triangles) :)
GBPJPY-XARD1010.png
The only mistake I made was to get back on a profitable DAX trade with half a position (there were very impulsive moves hinting continuation), but it went against me, and as it was repeated position I forgot to repeat setting SL... It went considerably against me, but the main direction remained up according to my analysis. Nevertheless, it caused a bit of a stress, so I closed it in a slight profit (practically zero) asap, and I didn't felt sorry that it even could have gained substantial profit on it yesterday :)
During this 1st test week of XARD's system I earned 768 EUR on 10kEUR capital on 6 trades (3 of them was split), but it sounds too much, I consider it as beginner's luck, I need to practice more to exactly know what I'm doing (position size, right exit, good SL, etc.) :D
Balance20191011.png

Re: XARD - Simple Trend Following Trading System

#623
DRAXILL wrote:
Fri Oct 11, 2019 6:28 pm
I also check the currency meter before any trade.

DRAXILL

currency meter.png
Its so much to learn from you ... very few people are so humble and giving like you n xard.
I am learning basics like today I searched what is PFO and so difficult to get meaning pip from open.
And now I dont know bidratio and rst and bsr on powerdash... and how these things help in trading.
its so hard but good I found xard and draxill community.
If you can provide some two three basic points for beginner like me which I should practice again n again,
it will be good help and starting point for me.
Thanks,

Re: XARD - Simple Trend Following Trading System

#624
RplusT wrote:
Fri Oct 11, 2019 3:15 pm
To solve the "D indicator" mystery. Here we go. Seems to be mLaden's one anyway.
I have added the code to automatically plot "Next, 2x and 3x higher TF" to the current for convenience. It also highlights whether the channel is up or down.

TMA+CG 4C RL AA MTF TT.mq4
I see you have the "D" indicator on the charts. Delete it and download a new one.
He is here: viewtopic.php?p=1295396657#p1295396657
GBPJPYH1.png


Re: XARD - Simple Trend Following Trading System

#626
DRAXILL wrote:
Fri Oct 11, 2019 5:57 pm
About Xards Christmas New Setup release. Xard always puts out a new setup on Christmas.

The thing about Xard is he is always working and trying to improve his setup.
You guys look and see him change things and post pictures of new indications on his charts.
But don't be confused.
Tremendous post, thank you for the insight. How's that GBPJPY trade going at the moment? Are you still in or did you take profit after that Brexit update? You must be at least +400 pips up if you held onto that pearler! :clap:
Download over 500+ Forex & Trading books from Forex-Station's (member's only) Trader's Library.

Re: XARD - Simple Trend Following Trading System

#627
ChuChu Rocket wrote:
Fri Oct 11, 2019 9:06 pm
DRAXILL wrote:
Fri Oct 11, 2019 5:57 pm
About Xards Christmas New Setup release. Xard always puts out a new setup on Christmas.

The thing about Xard is he is always working and trying to improve his setup.
You guys look and see him change things and post pictures of new indications on his charts.
But don't be confused.
Tremendous post, thank you for the insight. How's that GBPJPY trade going at the moment? Are you still in or did you take profit after that Brexit update? You must be at least +400 pips up if you held onto that pearler! :clap:
It's going pretty good, thanks for asking.
I guess I will shut all my trades down. I have to travel this weekend.
Plus, like Xard said there's no reason to be greedy.
Deposit your pips in the bank and be ready to rake in more on Monday.

Yall have a great weekend.

DRAXILL
GBPJPYDaily2.png

Re: XARD - Simple Trend Following Trading System

#629
Hi XARD, thank you for great system it has changed everything for me! I just have a question in regards to the red squiggly lines. In this example on the GBPAUD 15 min chart, I took this long trade and took profit at 61.8% ADR, would you now wait for a short entry as the red squiggly lines are present? I have only really been taking the trades that cross the open line above or below and once MA's and candles are all aligned, just a little confused about how to execute trade opportunities that occur after the 61.8% Target has already been reached. Regards Mike.
xard.png


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