Re: XARD - Simple Trend Following Trading System
Posted: Sat Mar 14, 2020 1:56 pm
Monster entry at 7:00 oclock EURCAD.
xard could someone tell me what are the dots (blue red etc ) do they repaint?normannasty wrote: Fri Mar 13, 2020 1:32 am I want to go buy here. Am I correct? The 4 hr timeframe also shows uptrend.
Lower low confirmed by 2nd dot. there was alittle pullback. I dont care the red dot with the arrow because its reapint if the price go higher? After how many candles its not repaint?
that indicator show suports and resistances, repaint soo you most learn to use it, take it like a reference.aviator4200 wrote: Sat Mar 14, 2020 10:10 am
Hello jcorp01,
Thank you for posting this indicator. This will really help. I have attached your chart with arrows.
What kind of indicator is that?
Can you please kindly attach that here.
Thank you!
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.
Cladi39 wrote: Sun Mar 15, 2020 3:11 am
that indicator show suports and resistances, repaint soo you most learn to use it, take it like a reference.
Senior Rob wrote: Sun Mar 15, 2020 3:56 am
Hello jcorp01,
Words of wisdom in this post!
looked simple (it is)
decided to stick with it, make tweaks of my own and find my groove.
As a veteran trader, trading for a living, I have done all the above and more. The best advice I can give anyone is find what works for you - don't try to copy how someone else trades - no-one can trade like you, me or Xard, we are all individuals with unique trading styles and personalities.
The latest Xard template with the directional arrows and dots is really "Trading For Dummies" but still requires good Money Management and trading psychology practices.
""The new template is all colour coded, BUY on a Blue Candle, SELL on a Pink Candle. ""
As I posted earlier, I already have a successful system BUT it is STRESSFUL. At this time in my life, I need to take the stress out so I am finding what I need from Xard's stuff to do just that so I take out what doesn't help me and add in what does.
I am a Price Action trader and, try as I can, cannot follow indicators (you can't take the spots off a leopard) but Xard's cycle work - dots and semafors is something else which fits my trading style - it really is good, nay, it is bloody good!
I, too, scalp M1 using M5 when price is in a range or consolidating and swing trade when price trends. Xard's stuff helps me with swing trading but screws me up on scalping. In scalping mode, I trade the extremes (highs and lows) so the candle and background colours are always against the way I trade and mess with my trading brain.
I have 2 templates now both tweaked for my trading style and personality - one for scalping and one for swing trading.
This is what I use for scalping:
a.PNG
I need to see price action so I need actual candles; the MAs and ribbon are similar to what I use. The cycle and semafor arrows and dots are what help reduce the trading stress for me so they are now front and centre in my scalping mode. The cycle channel is helpful when it is in confluence with supply and demand zones.
My Swing template is as above but with the background colours added back in
b.PNG
When price closes above the trend line and the candle colour matches the background colour, I am trying to switch to the latest Xard template so that price fluctuations against the swing do not play with my mind.
I was up for all of Tokyo, London and New York today... never done that before and needless to say, I need to sleep.
Please be careful doing this! A Brit lady trader in West Coast Canada on my thread used to do this and made herself really ill so much so that she was hospitalised. She was a very good trader and specialised in Crude and eventually moved back with her Mum in England so she could trade London. Make sure you are not Living To Trade - we only Trade To Live. Staring at the one eyed monster for hours on end will do you in. Just trade long enough to make your daily bread. I just trade the NY open to NY lunch and the rest of the day is free.
To summarise, newbie traders, as long as they have a basic understanding of trading, can take Xard's latest template and just trade as in Post 1792. Those with year's of experience can either do the same or tweak it to suit THEIR trading style and personality. The most important thing to remember is that being consistently profitable or not has nothing to do with your system, it is all about trading psychology and how YOU apply and trade YOUR system. Again, YOU cannot trade like me, Xard or all the other consistently profitable traders - YOU have to find what works for YOU.
I hope this helps those struggling with trading
Thank you very much. I will indeed use it as a reference.Cladi39 wrote: Sun Mar 15, 2020 3:11 am
that indicator show suports and resistances, repaint soo you most learn to use it, take it like a reference.
Thanks. I will use it as a reference.jcorp01 wrote: Sun Mar 15, 2020 4:40 am
It's not really needed but one way I use it is to know when there are pullbacks and potential re-entries. It does repaint, but can give you an idea.
Dear,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.