I am a “scalp swing trend trader” and, even though I was “consistently profitable”, am now dumping my “Stone Age Kindergarten” strategy in favour of XARD’s wonderful systems. WHY YOU ASK? Simple! My strategy requires a lot of study, brain power, monitoring and, at times, can be stressful. I am a technical person and like to think things out, sometimes (nay, many times) over thinking and ending up with my knickers in a twist!
XARD’s strategies are FOOL PROOF, IDIOT PROOF and made for DUMMIES (most of who think they are traders)!
I am still proving to myself that I can 100% change over to XARD and my acid test was today on M1 during NFP.
I don’t trade the NY 5:30am news candle and instead, trade ahead of it since news is “”usually”” already factored into the price by the “big boys” ahead of time. So, on my “Stone Age Kindergarten” strategy, I would enter on a closed break of the most recent support with a mental stop above the most recent high and exit when I see price pulling back from the extreme. It has worked for me over the years although I have had some “real, hairy, stressful moments” doing it. I then switch to M5 and trade off a candle at support/resistance off the 5:30am “knee jerk” candle.
So this morning I set up my trading screen on GBPCAD with XARD on the left and mine on the right. I chose GBPCAD because there were 2 “red flag” news events for CAD along with NFP.
I traded XARD and closely monitored on mine – just in case!
To prove it to myself, I traded like a robot idiot dummy by following the system – no thinking allowed. I was able to enter a candle earlier than my system when the candle changed to pink along with the background colour and trend MA colour. I exited when price reached the black channel – no thinking – no stress – no pain – just bloody magic!
So from now on, my system is filed away in my archives never to be looked at again. Instead, I am following XARD like a sheep, like a robot, like an idiot, like a dummy!
There is no need to try and re- invent the wheel again, XARD has done it for us!
THANK YOU XARD!
XARD: You do know that the DOW had three SELLS giving you over 450 Pip$ with half the spread of what you pay on your GBPCAD
""There is nothing to fear but fear itself"" - Franklin D. Roosevelt