xard777 wrote: Fri Jul 19, 2024 11:50 pm My fav Mag...

Interesting boats, I'll save it and take a look again after one year of using your system
XARD: Why one year, you thinking of buying a fleet? :-)

To Trade or Not To Trade... What is the White line?
On the 5min Chart it is the EMA 200 Close line
It is our line in the sand that defines and sets our common sense approach to intraday trading.
No SELL Trades Above this line and No BUY Trades Below this line.
Xard777

xard777 wrote: Sat Jul 20, 2024 3:13 am To Trade or Not To Trade... What is the White line?
On the 5min Chart it is the EMA 200 Close line
It is our line in the sand that defines and sets our common sense approach to intraday trading.
No SELL Trades Above this line and No BUY Trades Below this line.
Xard777

Good.

Pls what do you use BB Stops band line for?
Do you use it for placing Stop Loss and Trailing Stops?
What is the importance?
Thank you

XARD: I trade off the Dots that sit in the BB bands

xard777 wrote: Sat Jul 20, 2024 3:13 am To Trade or Not To Trade... What is the White line?
On the 5min Chart it is the EMA 200 Close line
It is our line in the sand that defines and sets our common sense approach to intraday trading.
No SELL Trades Above this line and No BUY Trades Below this line.
Xard777

I have always had the M5 200SMA line on my chart for close to 2 years now. It also is a robust support and resistance level.

Wole wrote: Sat Jul 20, 2024 3:53 am Good.

Pls what do you use BB Stops band line for?
Do you use it for placing Stop Loss and Trailing Stops?
What is the importance?
Thank you

XARD: I trade off the Dots that sit in the BB bands

I’ve been considering incorporating Bollinger Bands into the XARD system for a while. Now that I have a better understanding of the XARD system, I’m going to give it a try..

xard777 wrote: Sat Jul 20, 2024 3:13 am To Trade or Not To Trade... What is the White line?
On the 5min Chart it is the EMA 200 Close line
It is our line in the sand that defines and sets our common sense approach to intraday trading.
No SELL Trades Above this line and No BUY Trades Below this line.
Xard777

Where can I download indicators and templates?

You are joking, right? They are all in page 1

VIP11872213 wrote: Sat Jul 20, 2024 8:31 pm Where can I download indicators and templates?

HI Curioso

This trade was a loss. Can you explain why? I thought I followed all the structures, but maybe I missed something

tmostafa007 wrote: Sun Jul 21, 2024 7:47 am HI Curioso

This trade was a loss. Can you explain why? I thought I followed all the structures, but maybe I missed something

Hello tmostafa,

Don’t let yourself get so enamored with the indicator signals that you ignore basic market structure. At your entry, the market is in the midst of forming a consolidation period. If you identify these areas, you will want to avoid trading in them.

As for the indicators, there is very little if any separation of the moving averages. It looks like the ADR is possibly right at or a little short of the -15% threshold desired for sell entry. These are more confirmations of the consolidation zone. With that being said, had I taken a chance and tried that entry, I would have probably taken the pips at that 36 period medium size blue dot and counted my blessings.

Banzai created a Bollinger Band Squeeze indicator that incorporates Keltner bands. The grayed out patches on the chart are from that indicator and are meant to help identify consolidation zones. On this chart the BB colors are turned off. The visual of the BB lines can get a bit messy on the chart. post1295540205.html#p1295540205 If you search, you can probably find an mt4 version of Banzai's indicator