Re: XARD - Simple Trend Following Trading System
Posted: Sat Mar 14, 2020 3:15 am
GOLD SELL +400 PIP
THANK YOU XARD
THANK YOU XARD
I guess from your entry, you took the sell order right after the small magenta dots?
Hello Xard,xard777 wrote: Fri Mar 13, 2020 10:26 pm This might help with the entries on 5 min chart (should work OK on all time frames)
It is an old stochastic and normally you trade 20/80 but check out the 50 level entries.
Xard777
braciola719 wrote: Sat Mar 14, 2020 6:47 am I close negative today too
XARD: How could you close negative today??? WS30 & HK50 paid out cherries left, right and centre.
The new template is all colour coded, BUY on a Blue Candle, SELL on a Pink Candle. The stochastic helps confirm the entry move at the 50 level cross.
It's like having your very own personal coach telling you to get in this trade here and that trade there.
The best place to enter a trade is when price is crossing the main Trend line, the second best is on the pullback where you enter when price is continuing on the same main Trend.
Don't take a SELL on a Blue background, don't take a BUY on a Pink background. If you are in a BUY and a Pink Candle appears GET OUT immediately.
If you are in a SELL and a Blue Candles appears just close your trade down right away - don't hesitate - just stop the bleeding and cauterise the wound straight away without thinking about it - Better to get out quickly and be able to get back in again at a later time.
Most importantly, if you can not see a clear move then just stay out, leave the computer, go a walk, do some shopping and get your mind off trading. Just take a break.
You can always come back at a later date with a fresh mind and see clearly where you should be trading and direct those thoughts on future potential trades.
Just remember, everyone loses, and depending on your mindset everyone wins.
All the best and have a good weekend
Xard777
Hello jcorp01,jcorp01 wrote: Sat Mar 14, 2020 9:09 am The ADX SAR indicator that Xard provided previously helped save me from making more losing trades than I needed to. It allowed me to get into trades earlier and bank my profits and get out fast... in this volatile messy movement market, I'm seeing that scalping works best FOR ME...
I was up for all of Tokyo, London and New York today... never done that before and needless to say, I need to sleep.
All in, I did 18 scalp trades.
4 Losses
= 77% win rate
In a crazy market like this, I'm super happy with ending in positive pips.
Just keep testing if you're struggling. I came across Xard's systems last September... looked simple (it is), but kept moving on to other systems, but found myself coming back over and over again until I decided to stick with it, make tweaks of my own and find my groove.
Do the same... it'll pay off for you eventually if you keep going and learning from your mistakes.
I've attached the ADX SAR that Xard provided previously.
Keep in mind, I've only tested it with 1 min. scalp trades. Do your own testing.
currency numbers are showing behind box for me.xard777 wrote: Sat Mar 14, 2020 3:51 am Here is a currency panel, hopefully it will be of use to currency traders.
You can see that USD is top hence Gold & Aussie down.
Xard777