Vakarox wrote: Mon Dec 09, 2024 1:12 am Thank you for your response!

However, I didn't understand what you were referring to at the end of your reply:
"I do not wait for color change most of the time."

Could you clarify this for me?

Thank you in advance!

He just talking about the candle changing colors to orange which means down he takes what the markets gives or what he already feels comfortable with his targets!

(My own opinion the market its not our friend so i just take what the market gives me the whole point of the market its just to take our money with all the manipulations and stop hunts etc that's just me so i just take my good slice of the cake in every trade)

Vakarox wrote: Mon Dec 09, 2024 12:24 am Hello everyone, I hope you're doing well.

Budhi gave me a bit of clarity with his helpful post.

Take a look at the image above:

The downward arrow square just appeared a moment ago.

Now, should I close my buy positions to wait and look for a sell setup?

OR

Can I keep my buy positions if the downward arrow square is pushed back upward, and wait for the appearance of orange candles?

I hope my question makes sense.

Thank you in advance for your help, and I wish you all an excellent day!

This can be one of the toughest part.
As stated by others, if you got in that move early enough you probably have good pips and there is no shame in taking profit.

In a different scenario, you just turned on the chart and this is what you see. Do you now look for sells only? Now would be the time to consider market structure…draw some trend lines if needed. How do your MA’s look(candle color)? big gap? shrinking? retesting? checking what higher time frames are showing.

There are a lot of pips to be made as price moves a SquareArrow in your direction. You need to do what you can to see that an entry agrees with the major trend and most likely wait for a pullback to play out. I’ll say it again, what are the MA’s doing. Never overlook the MA’s.

Generally speaking, I will only enter a pullback trade with a Sqaure/Arow/Arrow semafor pattern. I will take entries with the trend on Square/Big Dot/Big Dot semafor pattern. All other parameters must be met, of course.

DaveTrader wrote: Mon Dec 09, 2024 5:33 am This can be one of the toughest part.
As stated by others, if you got in that move early enough you probably have good pips and there is no shame in taking profit.

In a different scenario, you just turned on the chart and this is what you see. Do you now look for sells only? Now would be the time to consider market structure…draw some trend lines if needed. How do your MA’s look(candle color)? big gap? shrinking? retesting? checking what higher time frames are showing.

There are a lot of pips to be made as price moves a SquareArrow in your direction. You need to do what you can to see that an entry agrees with the major trend and most likely wait for a pullback to play out. I’ll say it again, what are the MA’s doing. Never overlook the MA’s.

Generally speaking, I will only enter a pullback trade with a Sqaure/Arow/Arrow semafor pattern. I will take entries with the trend on Square/Big Dot/Big Dot semafor pattern. All other parameters must be met, of course.

Thank you again, everyone, for your help and kindness.

DaveTrader, when you mention: "Generally speaking, I will only enter a pullback trade with a Square/Arrow/Arrow semafor pattern,"
are you referring to the pattern I’ve drawn in the image below?

However, forgive me, but I didn’t fully understand what you meant about: "I will take entries with the trend on Square/Big Dot/Big Dot semafor pattern."
Do you mean that you also wait for a pullback, but one formed with the big dots, like in the second diagram I’ve drawn below?

I apologize in advance if my questions seem silly, but I really want to understand this system as much as possible.

Thank you in advance, and I wish you an excellent day!

Vakarox wrote: Mon Dec 09, 2024 8:28 am Thank you again, everyone, for your help and kindness.

DaveTrader, when you mention: "Generally speaking, I will only enter a pullback trade with a Square/Arrow/Arrow semafor pattern,"
are you referring to the pattern I’ve drawn in the image below?

However, forgive me, but I didn’t fully understand what you meant about: "I will take entries with the trend on Square/Big Dot/Big Dot semafor pattern."
Do you mean that you also wait for a pullback, but one formed with the big dots, like in the second diagram I’ve drawn below?

I apologize in advance if my questions seem silly, but I really want to understand this system as much as possible.

Thank you in advance, and I wish you an excellent day!

Hello Vakarox

This stuff can be confusing at first….and maybe longer. No need to apologize, chances are the questions asked are questions multiple users have. Just by asking, you are helping.

It is preferable to avoid taking pullback trades, for obvious reasons. But with circumstances like heavy work schedule, family commitments etc., it sometimes feels like you could go days or longer without an A+ in trend set-up. So yes, I will take pullback trades when they present themselves. For those trades, I want the semafor pattern shown in your bottom pic…Square/Arrow/Arrow.

I have been burned too many times on a pullback “set-up” with top pic-Square/Big Dot/Big Dot- semafor pattern.

The semafor pattern in both pics is good for a trend following set-up.

edit: it should be noted that I trade the 1 minute chart, pretty much exclusively. If I am not seeing things clearly on a given day, for whatever reason, I will check the higher time frames for confirmation. The point is, the lower the time frame, the less impact/difference I see between SquareArrow semafors and Arrow semafors. The higher the time frame, the more weight the Square semafor will carry.

Vakarox wrote: Mon Dec 09, 2024 8:28 am



However, forgive me, but I didn’t fully understand what you meant about: "I will take entries with the trend on Square/Big Dot/Big Dot semafor pattern."
Do you mean that you also wait for a pullback, but one formed with the big dots, like in the second diagram I’ve drawn below?

Sorry, I missed this part of your question. In my previous responses when I was referring to pullback trades, I do mean counter trend trades. If I understand this question correctly, you are asking if I wait for a pullback before entering any trade? The simple answer is yes.

I do not trade just based on a Square semafor only. Trading off the Square only can give good results, but you will get burned and you will run into long stretches of getting burned. Xard’s semafor indicator, when used properly, does mean you are waiting for a pullback before entering a trade.

Think of it as the Arrow semafor or the Big Dot semafor as confirming the Square semafor.

It is referred to as the 2nd dot entry.
For buy example: a SquareArrow semafor on the bottom is followed by a Big Dot…higher than the SquareArrow.

From that higher Big Dot, price pulls back, but does not go down to the original SquareArrow.

Then another Big Dot is formed, “confirming” the SquareArrow.

This 2nd Big Dot in the direction of the SquareArrow is what we call the 2nd dot. This indicates that pullback has finished. When the MA’s and any other indicators used are in agreement, we enter the trade.

DaveTrader wrote: Mon Dec 09, 2024 10:49 am Sorry, I missed this part of your question. In my previous responses when I was referring to pullback trades, I do mean counter trend trades. If I understand this question correctly, you are asking if I wait for a pullback before entering any trade? The simple answer is yes.

I do not trade just based on a Square semafor only. Trading off the Square only can give good results, but you will get burned and you will run into long stretches of getting burned. Xard’s semafor indicator, when used properly, does mean you are waiting for a pullback before entering a trade.

Think of it as the Arrow semafor or the Big Dot semafor as confirming the Square semafor.

It is referred to as the 2nd dot entry.
For buy example: a SquareArrow semafor on the bottom is followed by a Big Dot…higher than the SquareArrow.

From that higher Big Dot, price pulls back, but does not go down to the original SquareArrow.

Then another Big Dot is formed, “confirming” the SquareArrow.

This 2nd Big Dot in the direction of the SquareArrow is what we call the 2nd dot. This indicates that pullback has finished. When the MA’s and any other indicators used are in agreement, we enter the trade.

My dear Dave Trader,

I want to sincerely thank you for your response, which has been immensely helpful to me.

It’s been a few months now since I started using the Xard system, but I felt stuck, as if I was missing a crucial piece of information.
I was trading the 2nd dots, but without following the rules that you, experienced traders, apply daily, simply because I didn’t fully understand them.

Even after reading these rules, my mind couldn’t grasp what you’ve just explained—particularly the importance of waiting for the square and the 2nd dots that follow it.

I sincerely hope that this understanding will unlock a key to improving my trading.

Sometimes, I feel like my brain isn’t ready to absorb so much information all at once. That’s what I’ve been trying to do recently, and in the end, it only led to complete confusion.

Even in learning, patience is the key...

I now realize that it’s essential to master one concept at a time, to take the time to fully understand it, and most importantly, to ensure that understanding is solid before moving on to the next.

I wish you an excellent day and a wonderful journey ahead!
And I would like to thank everyone who helps beginners.

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NB Link to today's bumber reads... post1295555696.html#p1295555696

gold

5 minute scalping inside the average crossover channel

Something to watch while waiting for a trade setup..
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