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Re: XARD - Simple Trend Following Trading System

Posted: Fri Jan 27, 2023 8:13 am
by xard777
I am still playing around with the 1min scalp mode.
What do you think???
Xard777

Re: XARD - Simple Trend Following Trading System

Posted: Fri Jan 27, 2023 9:27 am
by XXXX
As Xard is posting systems for trading longer timeframes such as for 1 hour charts and for much shorter timeframe scalping, I thought it might be good to know how many of you are interested in each.

To take a poll on this can leave a thumbs up for this post if you prefer trading 15M and above.

Re: XARD - Simple Trend Following Trading System

Posted: Fri Jan 27, 2023 9:28 am
by XXXX
Please leave a thumbs up here if you prefer 1M and 5M timeframes.

Re: XARD - Simple Trend Following Trading System

Posted: Fri Jan 27, 2023 9:44 am
by tricks89
xard777 wrote: Fri Jan 27, 2023 8:13 am I am still playing around with the 1min scalp mode.
What do you think???
Xard777
Image
Ηello mr Xard.

Ideally i would like the most safe 5 min entries. 1 min is too much for me

Re: XARD - Simple Trend Following Trading System

Posted: Fri Jan 27, 2023 9:44 am
by xard777
Leave a thumbs up (or not).
Xard777

Re: XARD - Simple Trend Following Trading System

Posted: Fri Jan 27, 2023 11:00 am
by DaveTrader
FourXXXX wrote: Fri Jan 27, 2023 9:28 am Please leave a thumbs up here if you prefer 1M and 5M timeframes.
I'm new to the 1M - 5M combo and trying to give it a fair look. I guess the thought is that there may be more trading opportunities with the lower TF. Unfortunately, it has been a crazy week at work and my normally low amount of chart time has been even lower this week. So no real live learning to that end has happened this week.

All things being equal and having the time to watch the charts for longer periods of time, I would more naturally gravitate to the higher TF combos.

Re: XARD - Simple Trend Following Trading System

Posted: Fri Jan 27, 2023 11:19 am
by Skyold
xard777 wrote: Fri Jan 27, 2023 8:13 am I am still playing around with the 1min scalp mode.
What do you think???
Xard777
5M in combination with 15M (or 30M)
Traded on 5M chart.
Scalping on a 1M chart is very exhausting. I must admit, that I always have an eye on the 1M chart.
Skyold

Re: XARD - Simple Trend Following Trading System

Posted: Fri Jan 27, 2023 11:22 am
by Chickenspicy
1m can blow an account real quick
And also Overtrading / big spread / bigger lot sizes

Re: XARD - Simple Trend Following Trading System

Posted: Fri Jan 27, 2023 11:53 am
by DaveTrader
It comes down to not seeing a lot of 1st or 2nd wave set ups forming and looking at mid and late trend re-entries to take advantage of. Thankfully I have learned a great deal of patience and have navigated away from the “oh yeah, that indicator/candle is going to turn my way any second now” trades🤓. Sometimes that goes too far and I miss a good one, working on finding that balance.

Re: XARD - Simple Trend Following Trading System

Posted: Fri Jan 27, 2023 12:12 pm
by Coolcrow
FourXXXX wrote: Fri Jan 27, 2023 9:27 am As Xard is posting systems for trading longer timeframes such as for 1 hour charts and for much shorter timeframe scalping, I thought it might be good to know how many of you are interested in each.

To take a poll on this can leave a thumbs up for this post if you prefer trading 15M and above.
I make entries on the 15M while looking at the 1H trend. Before I used to look at the 30min trend but I changed it today after realizing the wrong entry I took could have been avoided if I had looked at the 1H trend instead. I did a few months of backtesting to confirm that with the way I trade, the 1H trend gives a better trend direction than the 30M.