Re: XARD - Simple Trend Following Trading System
Posted: Wed Nov 20, 2024 11:03 am
Finally after a looong wait I bump into a possible setup.
What do u think bro?
Finally after a looong wait I bump into a possible setup.
Can't say yes or no bro. You see traders have different perspectives of their own. It depends on each individuals developed screentime skills.DamsFT wrote: Wed Nov 20, 2024 1:44 pm Hi team possible fall nice divergence!
I think the best timeframe for analysis is M5 / M15 for an entry on M5 triangle what do you think Nero ?
Ok thanks a lot for your answer NeroNeroloft wrote: Wed Nov 20, 2024 10:01 pm Can't say yes or no bro. You see traders have different perspectives of their own. It depends on each individuals developed screentime skills.
While yes, it's easier for me to hunt entries on M5/M1 coz I prefer sharper entries, it's too fast for others and the take is not that lucrative, M15/M5 pairings offer small range for tp around 15+/- pips. I am more profitable with M30/M5/M1 pairings, M15 is too tight for my taste.
But if you feel that pair then master those time-frames.Have a solid grasp of xard simple trend following, Beatlemania's thread, and Meyney's thread they all compliment trend trading style imho.
Yes indeed...it takes very long to master "profitable" trade setups!Neroloft wrote: Wed Nov 20, 2024 11:03 am Finally after a looong wait I bump into a possible setup.
What do u think bro?
Hello ODJ,ODJ wrote: Thu Nov 21, 2024 4:06 am Yes indeed...it takes very long to master "profitable" trade setups!
What's even more challenging is, determining "optimal" entry points...in fast moving markets.
You constantly have to deal with retracements, reversals, continuations, swing highs, swing lows and the rest of them.
But...once you master getting your entries right, the exits can always look after themselves.
(You only need to configure your chart and hard-set your required TP for each open position)
As for what I think about the chart. Gold isn't a Market I trade.
I just don't understand the blooming thing...lol
The movement is too erratic and unpredictable for my liking.
(Same with Crypto's)
Kudos to y'all who trade them profitably!![]()
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I only trade -and stick to- the German DAX...and have done so for many years now.
The movement is far more understandable for me.
I can trade it with my eyes closed...lol
I've had to pull up the Gold chart using the Xard chart I use.
Looks clear on a historical chart.
But trading LIVE might have been a different story!
Hello Nabs,Nabs wrote: Thu Nov 21, 2024 4:18 am Probably my best day on the XARD system, gold, btc and gbpjpy were my friends today! +60% daily PNL!
It's been 2 years since I started trading and I've been through some very tough times, don't get discouraged believe in yourself and keep learning. Giving up is not an option!
Hello Nabs,Nabs wrote: Thu Nov 21, 2024 4:18 am Probably my best day on the XARD system, gold, btc and gbpjpy were my friends today! +60% daily PNL!
It's been 2 years since I started trading and I've been through some very tough times, don't get discouraged believe in yourself and keep learning. Giving up is not an option!