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Re: XARD - Simple Trend Following Trading System
Posted: Fri Oct 11, 2024 4:08 pm
by vzulaks
tmostafa007 wrote: Fri Oct 11, 2024 7:05 am
Dear All,
I'm still not confident when I take trades. I follow the 2nd dot and understand the market structure, but I still feel afraid and confused at times. If you could share something that might help boost my confidence, I'd really appreciate it
i hope i explain it correctly in the below screenshot.
Is it correct to trade based on the most recent signal? For example, if I get a bigSema arrow pointing down and then another one sema arrow pointing up, should I trade only in the direction of the last sema, which is up?
First, I was looking for a downtrend and counted the 2nd dot.
1- Arrow pointed up, but since the structure changed, I ignored it.
Next, I looked for an uptrend and counted the 2nd dot.
1- Pink dot appeared.
2- Blue dot appeared.
Then, I entered the trade.
I use v65m for entry and use the confluence of the end of sessions to find exit points with gold conditions increasing or decreasing above $15-$20 price to ATS orderblocks. In general, my rules are a bit complicated but more confident.
Re: XARD - Simple Trend Following Trading System
Posted: Fri Oct 11, 2024 5:01 pm
by Mundu19
Hello Curioso,
I am have been observing the movement of the XAUUSD during the Asian session after I woke up. Where I have marked is where one would enter with your rules. Would you use the new XARD trendline to exit (where it changes from blue to gold colour) as I have marked on the chart for it appears like one can do so on M1? That trendline is awesome!
Mundu
Re: XARD - Simple Trend Following Trading System
Posted: Fri Oct 11, 2024 6:23 pm
by tmostafa007
active trade, sell trade, i consider the arrow up as a blue dot
losssssssssssssss
Re: XARD - Simple Trend Following Trading System
Posted: Fri Oct 11, 2024 7:07 pm
by budhi1976
It would be a perfect entry if only price is under daily open line
tmostafa007 wrote: Fri Oct 11, 2024 6:23 pm
active trade, sell trade, i consider the arrow up as a blue dot
losssssssssssssss
Re: XARD - Simple Trend Following Trading System
Posted: Fri Oct 11, 2024 7:11 pm
by Lenovo
tmostafa007 wrote: Fri Oct 11, 2024 6:23 pm
active trade, sell trade, i consider the arrow up as a blue dot
losssssssssssssss
sorry but I don't understand did you enter sell or buy? for buy I don't see the second point
Re: XARD - Simple Trend Following Trading System
Posted: Fri Oct 11, 2024 7:14 pm
by budhi1976
As he has mentioned in his posts, it was a sell trade as He considered blue up arrow as normal blue dot. CMIIW
Lenovo wrote: Fri Oct 11, 2024 7:11 pm
sorry but I don't understand did you enter sell or buy? for buy I don't see the second point
Re: XARD - Simple Trend Following Trading System
Posted: Fri Oct 11, 2024 7:16 pm
by Lenovo
budhi1976 wrote: Fri Oct 11, 2024 7:14 pm
As he has mentioned in his posts, it was a sell trade as He considered blue up arrow as normal blue dot. CMIIW
so I see a buy entry waiting for a second point or fourth mini point
Re: XARD - Simple Trend Following Trading System
Posted: Fri Oct 11, 2024 7:28 pm
by lukgoku
Lenovo wrote: Fri Oct 11, 2024 7:16 pm
so I see a buy entry waiting for a second point or fourth mini point
Exactly!
I agree with you Lenovo, in this case, it is better to wait for confirmation and not interpret future movements up or down. Trade what you see. We wait for the 2nd point, then if we have confirmed like cross Ema 200 or a 4th minidot ( we also take a look at the Adr level) we can go, if instead the 2nd point "takes" the SemaArrowup we reconsider the pattern.
Re: XARD - Simple Trend Following Trading System
Posted: Fri Oct 11, 2024 7:46 pm
by Lenovo
Alexa starts to communicate some signals, I wait for the go ahead
Re: XARD - Simple Trend Following Trading System
Posted: Fri Oct 11, 2024 7:53 pm
by DaveTrader
tmostafa007 wrote: Fri Oct 11, 2024 6:23 pm
active trade, sell trade, i consider the arrow up as a blue dot
losssssssssssssss
That blue up arrow carries weight with it.
Once that up arrow formed, it is resetting the cycle. A sell set up would not begin until after a red down Arrow>>>EMA's>>>Daily or 4H open Line. I would not open a trade against that blue arrow unless I were below daily/4H open, had the EMA's, small dot confirmation and the Blue arrow was being pushed down. This is the system telling you you may be in a range period between down SquareArrow and blue UpArrow. Let it sort itself out, it will give you the answer in time. As the cycle plays itself out, if you see a 2nd dot pattern form going with the blue up arrow and it starts pushing that SquareArrow up, this is where your previous question comes into play.
