promixer wrote: Mon Jan 04, 2021 5:06 am
Thanks, @XARD for the answer.
My second question would be how do you determine the right bias for M5 or M15 trade? Because there are a lot of information on the template of this system. I know that there are a lot of ways to do it in this system, but I would like to hear what works the best for you using XARD system for longer period.
a) Do you determine trend bias on H4? Maybe D1? And then go to M5/M15 for the trade. Like you look at semafor what it does, higher highs or lower lows?
b) Do you wait for confirmation in Dash for EMA 9,18,27 and 36 align in the same color in the way you take the trade?
c) Do you look if the price is above/below VWAP?
d) Do you wait for the bottom indicator VQ confirms your trade to go long on short?
e) Do you only trade with D1 candle bias indicator at the top?
f) Do you wait for CCI zones to confirm your trade?
g) Do you only look for square arrows?
Maybe there is a mix of two or more things that I mentioned above that you wait to confirm your way to go in short/long trade?
I would be very happy to hear what is your way of predicting trade bias to enter on lower timeframes.
XARD: Start with Square followed by 2nd Dot followed by 2nd Blue Dot followed by 2nd White Dot to Square then repeat the whole process in the other direction (Up/Down).
As second I would like to know how do you use HiLo and PFO numbers in trading? This isn't clear to me for now and I did some google stuff.
Please see picture below where I marked a), b), c) etc. for better clarification.
Many thanks in advance.
XARD:
On the Panel you can see the following...
PFO (Pips From Open) is where price is currently at from the Daily Open line
HiLo (High of the day from Low of the Day) shows the daily range price has moved.
ADR (Avg Daily Range) is the avg stats from daily, weekly and monthly totalled and divided to give the avg movement.
61% Aggressive trader target for each day (could be one or more trades)
38% Conservative trader target for each day (could be one or more trades)
I tend to trade Square to Square on the 15m TF. I use the 2nd Dot to confirm the previous Semafor and trade off the trend line in the direction of the next Semafor.
I make sure that the VQ matches my trade direction prior to entry.
The Dash (9,18,27,36) is used to show similar instruments are moving in the same direction as my trade - I am looking to go with the flow, get in, take some meat off the bone and get out while it is still moving - this way I do not get caught up in the backlash and I repeat the process over and over until I hit my daily target (38% or 61% of ADR) then I walk away, job done for the day, go do something else.
