VIP11872213 wrote: Thu Jul 04, 2024 6:38 am Where is the trend line indicator in the chart, please share it.

There you go, here it is

88FX88 wrote: Thu Jul 04, 2024 4:27 am You could say that today is a weaker day. But it's still good..! XARD System is GIT!!

How do you set the parameters of the trend line in the chart?

Hello everyone, I wanted to clarify, do we take the opening line into account when deciding on a trade?

fnz wrote: Thu Jul 04, 2024 1:55 pm Hello everyone, I wanted to clarify, do we take the opening line into account when deciding on a trade?

Yes, if Price is above the open your bias is up, if Price is below the open then bias is down. The open Price Line is a strong level of resistance/support and Psychological level.

Think if the market opens and goes up from the open what is the intra-day trend?

Also if the price is trending up and retraces so a Semaphore appears above the open line it is a very high probability to make a profit if you then buy when the price crosses above the signal line. Of course the opposite applies for down trend.

VIP11872213 wrote: Thu Jul 04, 2024 12:47 pm How do you set the parameters of the trend line in the chart?

In a way that best suits your preferences. If you don't like the default settings, change them to ones that suit you and test them.

XXXX wrote: Thu Jul 04, 2024 2:31 pm Yes, if Price is above the open your bias is up, if Price is below the open then bias is down. The open Price Line is a strong level of resistance/support and Physiological level.

Think if the market opens and goes up from the open what is the intra-day trend?

Also if the price is trending up and retraces so a Semaphore appears above the open line it is a very high probability to make a profit if you then buy when the price crosses above the signal line. Of course the opposite applies for down trend.

Thank you and one more thing you need to wait for both the intersection of the price of 55 ema and the intersection of 13 to 55?

fnz wrote: Thu Jul 04, 2024 2:50 pm Thank you and one more thing you need to wait for both the intersection of the price of 55 ema and the intersection of 13 to 55?

Always wait for the candle to turn blue to buy or pink to sell. That will happen when price has crossed both of the EMA's.

XXXX wrote: Thu Jul 04, 2024 2:53 pm Always wait for the candle to turn blue to buy or pink to sell. That will happen when price has crossed both of the EMA's.

Perhaps I missed it, but is there an indicator like a trendbox that would inform about 144, 576 on higher time frames?

fnz wrote: Thu Jul 04, 2024 3:05 pm Perhaps I missed it, but is there an indicator like a trendbox that would inform about 144, 576 on higher time frames?

No there is no multi-time frame Semaphore indicator other than the Semaphores themselves. What you should be doing is looking at the higher time frame charts before you start trading.

Skyold wrote: Thu Jul 04, 2024 9:28 am Many thanks to XARD for the detailed description of the setup and of course also to you XXXX.
I have a story for everyone who wants to become successful in this business and achieve their goals.
Just imagine this situation:
An experienced rich man you value comes to you and offers you the following job and says the following:
"I will give you 1000 USD and with that you will open a trading account. You will trade according to these rules every day for the next 3 years and I will give you a check for 1,000,000 USD to realize your goals. Never look at your account balance. It doesn't matter at all. The important thing is; stick to the rules consistently. If you break the rules, you're fired.
OR
if you don't trust yourself to do that, I'll give you the 1000 USD anyway and you can do whatever you want with it. You can go shopping, eat in a nice restaurant or take a little vacation, ..... "

WHAT WILL YOU CHOOSE?


Think about it

XXXX: Actually if you are really smart you would take the $1000 open your own trading account, follow the rules and you will have a lot more than 1 million in 3 years.

Hello Skyold,

Is a nice challenge.

First of all in your challenge, never invest all the money, because the probability of losing everything on the first day or the first week is very high. And then there is no possibility of not having a job or opening a business to ensure that expenses are paid monthly, so let's do that.

Be smart, invest just 1% of your capital to learn trading.

Then, as you evolve in your capabilities, your risk will increase and until you reach the end of the first year, if you are confident, you have a risk of 10%, where your daily gain is 10 to 30%.

At the beginning of the second year, you increase the risk to 20%, becoming more and more confident and continuing to evolve more and more, until at the end of that year you have a risk of between 30 and 60%.

At the beginning of the third year, you increase the risk to 30%, becoming more and more confident and continuing to evolve more and more, until at the end of that year you have a risk between 60 and +90%.

You reach the end of the challenge, you have enough to return your initial 1000 and another million from the challenge to those who believed in you, not that you need it, but so that you can make a difference to other people, because they will continue to be super rich.

Where the secret is, never invest everything, be consistent, see the charts in a simple way and without secrets, write your notes and follow your plan, you will fail, yes? Many times, but then you will realize that you made a mistake due to haste, incorrect analysis, but with your plan, with what your notes are, everything is possible.

And yes, I haven't forgotten what's left of your 3-year plan, take what's left and give it the other people the same opportunity they gave you, because you don't need that much, it's important to find your purpose in life and it makes a difference, like one person believe in you.

Personal note: The important thing is not the goal, but enjoying the journey.