Re: XARD - Simple Trend Following Trading System
Posted: Mon Nov 28, 2022 10:12 am
[quote=FourXXXX post_id=1295496941 time=1669585121 user_id=4944401]
The Semafors usually don't redraw once a confirmed second dot has occurred, although it is not a perfect world and on the odd occasion a second dot will be broken and the trend continues on its previous direction. The second dot is confirmed when price moves away from the dot and crosses the trend line.
If you just load one symbol either the Dow or the DAX both are very good to trade and watch how things play out. Keep referring back to the previous post and watch what happens as a larger dot appears. Price will retrace from it, sometimes the price will move far enough to form a dot. When this occurs wait for price to then head towards the large semafor again, a second dot (Higher Low or a Lower High) may form. If this dot and the large semafor holds and price crosses the trend line you can enter a trade with a very high probability of it continuing further and making a profit.
Be patient, wait until things setup and then enter. Once you see another dot appear be ready for it to get a white ring around it, as soon as price slows take the profit and wait for the next setup.
So no need to understand what happen on big time frame. If I trade M30/M5, I've got to wait a big semaphor, Dot 1 an Dot 2 on M30 and take a position on M5 when cross the trend line? So simple as that.
As it's called " simple trend following ", I was thinking about taking trades in the trend. So if it's uptrend inH4, expecting a retracement witch give a big sema in M30. Dot 1and Dot 2 M30 witch give me the expectation of the trend continuation. And a buy on M5 with RSI ma m15... That's what I understand since I study...
I must say i'm struggle, sorry
The Semafors usually don't redraw once a confirmed second dot has occurred, although it is not a perfect world and on the odd occasion a second dot will be broken and the trend continues on its previous direction. The second dot is confirmed when price moves away from the dot and crosses the trend line.
If you just load one symbol either the Dow or the DAX both are very good to trade and watch how things play out. Keep referring back to the previous post and watch what happens as a larger dot appears. Price will retrace from it, sometimes the price will move far enough to form a dot. When this occurs wait for price to then head towards the large semafor again, a second dot (Higher Low or a Lower High) may form. If this dot and the large semafor holds and price crosses the trend line you can enter a trade with a very high probability of it continuing further and making a profit.
Be patient, wait until things setup and then enter. Once you see another dot appear be ready for it to get a white ring around it, as soon as price slows take the profit and wait for the next setup.
So no need to understand what happen on big time frame. If I trade M30/M5, I've got to wait a big semaphor, Dot 1 an Dot 2 on M30 and take a position on M5 when cross the trend line? So simple as that.
As it's called " simple trend following ", I was thinking about taking trades in the trend. So if it's uptrend inH4, expecting a retracement witch give a big sema in M30. Dot 1and Dot 2 M30 witch give me the expectation of the trend continuation. And a buy on M5 with RSI ma m15... That's what I understand since I study...
I must say i'm struggle, sorry