Yes I was talking about the channel line indicator, the question was related to material from V39. If you watch how price behaves when in relation to the channel line it will make sense.Forexlearner wrote: Sat Aug 19, 2023 9:14 pm what do you mean by this? doesn't price make the channel line? can it ever slow, stall or go beyond the channel line? talking about the channel indicator right?
hello Xard.. This is an awesome work. Can't seem to be remove the symbol and text boxes.xard777 wrote: Sat Aug 19, 2023 10:34 pm Latest - XU v66-Setup FS-20230819
As promised, here is the latest version for everyone's perusal.
Enjoy
XARD777
Hello XARD.Maffe wrote: Sun Aug 20, 2023 12:36 am Can anyone explain entries? Do i trade of the second semafor once the MA is broken to the correct side?
XARD: A quick recap on how I would trade.
To play the long game I would trade the 15min chart and use the Square on that chart as my BIAS.
If my BIAS is a TOP Square then I look to trade every Pink Dot that appears and look to EXIT on the next Green UP Arrow-Dot.
If my BIAS is a BOT Square then I look to trade every Blue Dot that appears and look to EXIT on the next Red DOWN Arrow-Dot.
For shorter intra-day trades I would use 1min or 5min chart and use that TFs Square as my BIAS.
If my BIAS is a TOP Square then I look to trade every TOP Gray Dot that appears and look to EXIT on the next Blue Dot or Green UP Arrow-Dot.
If my BIAS is a BOT Square then I look to trade every BOT Gray Dot that appears and look to EXIT on the next Pink Dot or Red DOWN Arrow-Dot.
NB Once my Daily Target is Hit
I would STOP trading, shut everything down and go do something else away from the pc.
In your previous posts you said:Neroloft wrote: Sat Aug 19, 2023 10:54 pm I use RSIMFi over TMA,
both green buy, both red sell
pls check my previous posts.
viewtopic.php?p=1295521360#p1295521360VespaTrader wrote: Tue Aug 22, 2023 6:00 pm In your previous posts you said:
"2nd dot + rsi/mfi (blue) = buy
2nd dot trsi/mfi (red) = sell"
the Buy must be green or blue ? Thanks !
We've all been there. In the future, click the search button and type a few keywords of your question and you'll more than likely find answers. In this case, just type 2nd dot and you'll see more examples of this concept.Maffe wrote: Tue Aug 22, 2023 5:17 pm Hi,
I´m sorry, not trying to be annoying or anything, but from this setup, where would my entry be? do you guys wait for trend to break?
DaffyTaffy wrote: Tue Aug 22, 2023 6:49 pm We've all been there. In the future, click the search button and type a few keywords of your question and you'll more than likely find answers. In this case, just type 2nd dot and you'll see more examples of this concept.
In the image, green up arrows(big blue dots/arrows in other setups) are used as your bias; in this case, only look to buy. The 2nd dot entry is essentially taking a trade after a pullback. The first grey dot shows pullback, then the 2nd dot shows a continuation of the trend, and there is a bullish MA crossover; but if you observe the chart, those red lines are still present; so you don't have full confirmation of the trend on this setup. Wait. Another dot occurs pushing the price down, the candles are still blue, and another second dot happens (the fourth dot since the green arrow or second 2nd dot). You could enter here and set SL to the level of the green arrow but it'd have been risky since the red lines were still present.
Finally, a third second dot occurs (the sixth dot from the green arrow) and the lines are blue, matching the candle colour, indi in the sub-window and MA. This is the ideal point of entry and you set SL to the previous 2nd dot and TP to an ADR level of your choosing (38.2% is often a safe bet on indices assuming the market is trading and not ranging. It often goes to 61.8% too). Or when a big pink dot/red arrow presents itself.
If you're referring to where the price currently is after that red arrow, personally I would look for another pair or wait for tomorrow. It's always best to get in at the start of the trend when using the Xard system. (meaning when a new bias is formed and a 2nd dot presents itself).