Re: XARD - Simple Trend Following Trading System
Posted: Sat Jul 11, 2020 5:48 am
Good weekend for all.
Thats a reversal trade, try to find the trend ones, unless you have experience. Look the picture.braciola719 wrote: Sat Jul 11, 2020 1:58 am But do you have to enter after the arrow as soon as the candles turn blue like in this case? Or after the horizontal blue line?
Try comprehensive reading i.e. reading in context.TraderX wrote: Sat Jul 11, 2020 1:02 am
RplusT, you say you "respect people doing things differently" but say he's "absolutely incorrect" when he wants to do things his way.![]()
Senior Rob wrote: Fri Jul 10, 2020 4:53 am
Hi Cladi, you are so right although I believe it is 95% psychology and 5% system. Just to reinforce it, if there was such a thing as a Holy Grail trading system (which there will never be), it is never the system and always about the one who makes the entries and exits (the trader). Until the trader masters discipline, patience and learns to control his greed and fear emotions then his system/method and everything else is worthless. This is experience which is gained by studying and trading live money on thousands of pairs on thousands of charts.
I strongly disagree with demo trading. Demo trading is no better than playing monopoly - it is only "pretend" money and does not engage the psychological emotions associated with greed and fear. Traders need to trade on real, live accounts with the smallest lot size their broker provides. This will engage their fear and greed emotions when they realise it is their hard earned money they are actually trading. The loss of real, hard earned money is a big "wake up" call that demo trading does not provide.
So sorry if this is a dumb questionxard777 wrote: Sun Jul 12, 2020 9:57 pm set the Trend line on the 5min and 1min TFs to show 15min Trend then you simply take BUYS on the 1min chart when the price is above the Trend line and SELLS on the 1min chart when the price is below the Trend line.
Xard777