DaveTrader wrote: Wed Jul 03, 2024 5:08 am
Yes, the semafors in all versions repaint. That’s why we trade after the trend is more confirmed by the 2nd dot, MA cross and various other indicators and sub windows you see folks using. The exceptions to this would be the Index Entry and Caglioso’s stepMA entries, discussed here and in Caglioso’s thread…new traders beware, they can be more risky.
The main thing to remember is that Xard’s system is a trend following system. The idea is to take trades after the trend has established itself. As Xard said many times, “just take some meat off the bone”. There are PLENTY of pips to be had just riding the trend. You are NOT looking to get in at the first reversal and catch a rocket ship ride to the top or bottom.
You will miss some big moves and that’s ok. You must get away from the temptation to get in on every move, every time. Do not try to simply trade after every square arrow, that will ruin you. We have all seen the square arrow get bumped up or down for days on end. But we still make pips because the square was never “confirmed” with MA cross and a 2 large dot pattern, confirming the previous trend is still active.
cant agree much
i really cant help but smile when i hear/read complaints on indicators or systems like this.
(im tellin you guys you're in a right place/thread) if you all recall, ive posted that there are multiple entries to be done in xard strategy and you can use those to confirm trend momentum trades, but heres a tip:
solution to a fake setup.
(remember: a strategy or indicator is only as good as its user, and price is so dynamic it can prove a good setup wrong)
this is because you guys missed a component or two.
(assuming you already grasp the core concept of xard entry)
-you need to consider a trendline on the TF you are trading from
(yes you need this to filter fake arrow dots)
-then thats the time you wait for the price action to smash that trend line to create a 2nd dot for surefire sniper entry
-hope this helps
