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Re: XARD - Simple Trend Following Trading System
Posted: Thu Sep 28, 2023 4:33 pm
by jolugarpe
ODJ wrote: Thu Sep 28, 2023 7:26 am
What market(s) do you trade?
And what timeframe(s)?
Trade in DAX,WS30,SP500
I like 5-15 and now after you and Xard comments 30m
Thanks for all
Re: XARD - Simple Trend Following Trading System
Posted: Thu Sep 28, 2023 6:06 pm
by ODJ
jolugarpe wrote: Thu Sep 28, 2023 4:33 pm
Trade in DAX,WS30,SP500
I like 5-15 and now after you and Xard comments 30m
Thanks for all
Kindly send a pic of your system indicating:
- What direction your trade is
- Your entry point(s) and why?
- Your stop loss & take profit
- Please explain if your SL & TP are volatility based or fixed
Re: XARD - Simple Trend Following Trading System
Posted: Thu Sep 28, 2023 7:41 pm
by jolugarpe
ODJ wrote: Thu Sep 28, 2023 6:06 pm
Kindly send a pic of your system indicating:
- What direction your trade is
- Your entry point(s) and why?
- Your stop loss & take profit
- Please explain if your SL & TP are volatility based or fixed
Re: XARD - Simple Trend Following Trading System
Posted: Thu Sep 28, 2023 8:06 pm
by ODJ
Thanks!
From your entry point, why did you decide to buy?
The market dropped more than 100 points.
Definitely you would have been stopped out.
According to the chart posted, it was a SELL...as at the time of entry @8am UK time
Re: XARD - Simple Trend Following Trading System
Posted: Thu Sep 28, 2023 8:15 pm
by jolugarpe
ODJ wrote: Thu Sep 28, 2023 8:06 pm
Thanks!
From your entry point, why did you decide to buy?
The market dropped more than 100 points.
Definitely you would have been stopped out.
According to the chart posted, it was a SELL...as at the time of entry.
According to Xard system, when a large green arrow appears in bottom, and i see second point (Before its changed where i indicated on the graphic), after blue candle came in , i buy .
Re: XARD - Simple Trend Following Trading System
Posted: Thu Sep 28, 2023 8:58 pm
by ODJ
jolugarpe wrote: Thu Sep 28, 2023 8:15 pm
According to Xard system, when a large green arrow appears in bottom, and i see second point (Before its changed where i indicated on the graphic), after blue candle came in , i buy .
I think you need to read Xard's rules and instructions again Bro!
Re: XARD - Simple Trend Following Trading System
Posted: Thu Sep 28, 2023 9:02 pm
by ODJ
There was a clear Down trend.
Market retested and broke though the Day's Open and Pivot lines.
And nose-dived
Re: XARD - Simple Trend Following Trading System
Posted: Thu Sep 28, 2023 9:04 pm
by ODJ
I've drawn the levels on the chart here
Re: XARD - Simple Trend Following Trading System
Posted: Thu Sep 28, 2023 9:13 pm
by ODJ
You need to draw a channel of the 20 EMA High and Low as seen on this chart.
Markets ALWAYS retests the 20 EMA
Most of my entries are between the channel.
As soon as the bar turned RED, I was in to the downside.
Same thing is happening here again.
The price bar is RED.
But please be very careful on this one.
The market is trading inside the retracement\reversal zone.
I guess it might break through to the upside when the US stock market opens and the Labour news is released.
Re: XARD - Simple Trend Following Trading System
Posted: Thu Sep 28, 2023 9:25 pm
by ODJ
Market is trading inside the retracement\reversal zone.
I guess it's going to breakout to the upside when New York Stock Market opens and the Unemployment news is released.
But hey! Just watchout...in case it continues downwards.
It's usually highly volatile!