mario_lima wrote: Tue Apr 07, 2020 3:17 am
normannasty, please understand that if someone answer your question for example "yes go for SELL when price cross MA and candles turn pink", and then price reverse and shoot up because of some news or a fuc.....tweet from the most intelligent and brightest and best president of the history of USA, you can imagine how that person would feel. Because you lost money following someone's advice.
Follow XARD rules and your instinct.
What are the rules to enter a trade?
(Xard words) "When there is a Blue DOT on your chart you take Blue Candle BUY trades only, when there is a Red DOT on your chart you take Pink Candle SELL trades only.
Your main BIAS is the Silver Zigzag line which also is shown by an UP/Down Arrow on the relevant Blue/Red DOTS."
What are the rules to exit a trade?
When there is a Blue DOT and pink candles cross the MA you should exit
When there is a Red DOT and blue candles cross the MA you should exit
How to use Murrey Math Octaves Indicator:
(Xard words) "I use MMATH to identify OBOS (OverBought & OverSold) areas such as 8/8th to +2/8th & 0/8th to -2/8th levels, once price leaves these levels they tend to move to the 4/8th level. "
Regards
Mario