Re: XARD - Simple Trend Following Trading System

8921
Last post till xmas, this is the trading season.
A picture is worth more than a thousand words...

Xard777

For optimum EXIT area, watch white ZigZag line to complete its drawing on 1hr, 15m & 5min TFs
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XARD: If Carlsberg made charts... Probably the best charts in the world


Re: XARD - Simple Trend Following Trading System

8922
thanks for the explanation xard. just one question, if your trade goes south, when do u exit?

XARD: In my experience it is the moment it goes south.
Your stop most likely is at the previous high/low DOT/White ZZ line off the 2nd Dot
Either Price is moving in the Direction of your trade or you look at exiting until you have a clearer picture.
In most cases it is easy to get in on the cycles, just don't be greedy and only trade the intra-Day BIAS cycle (do not go against the BIAS, this is when you will eventually get hurt). I have blew up many an account over the years trying to go against the BIAS, it is not worth it.
These users thanked the author kue92 for the post (total 3):
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