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Re: XARD - Simple Trend Following Trading System
Posted: Wed Sep 23, 2020 6:39 am
by Skyold
xard777 wrote: Wed Sep 23, 2020 5:54 am
As you can see the Dashboard is coming along quite nicely.
Again, today on US500 the 4hr & 1hr SupRes lines were invaluable.
We saw some nice bounces starting with the 2nd Dot on the 30 min chart.
I am thinking of removing the daily, weekly, and monthly SupRes lines and just concentrate on the 4hr & 1hr lines (less info on the chart).
Xard777
i agree with the SupRes 4hr & 1hr.
The last few weeks have also shown me that daily or weekly VWAP also show a very good SupRes.
That's why I still think it makes a lot of sense not to lose sight of VWAP
Re: XARD - Simple Trend Following Trading System
Posted: Wed Sep 23, 2020 7:41 am
by Cladi39
xard777 wrote: Wed Sep 23, 2020 5:54 am
As you can see the Dashboard is coming along quite nicely.
Again, today on US500 the 4hr & 1hr SupRes lines were invaluable.
We saw some nice bounces starting with the 2nd Dot on the 30 min chart.
I am thinking of removing the daily, weekly, and monthly SupRes lines and just concentrate on the 4hr & 1hr lines (less info on the chart).
Xard777
Agree H4 and H1 its anought. I see more exact entry with 2ยบ blue dots.
Re: XARD - Simple Trend Following Trading System
Posted: Wed Sep 23, 2020 10:06 am
by warwar
i think this is my best trade so far in using xard system. It was little bit late i think but i think it is good right?
Re: XARD - Simple Trend Following Trading System
Posted: Wed Sep 23, 2020 10:18 am
by xard777
Made a little more progress...
Xard777
Re: XARD - Simple Trend Following Trading System
Posted: Wed Sep 23, 2020 10:28 am
by warwar
xard777 wrote: Wed Sep 23, 2020 10:18 am
Made a little more progress...
Xard777
may i ask sir , where is the good entry of your post? thanks. i am bit confuse
Re: XARD - Simple Trend Following Trading System
Posted: Wed Sep 23, 2020 10:46 am
by RplusT
Re: XARD - Simple Trend Following Trading System
Posted: Wed Sep 23, 2020 10:49 am
by warwar
RplusT wrote: Wed Sep 23, 2020 10:46 am
Looking at your trade summary, I suggest that putting in an Stoploss would really be helpful for you. Why would you let a trade move that far against your order? We all make sometimes a bad trading decision (except me......
). But the bottom line is, don't try to buy tops and sell bottoms when a move has got that far already. Wait for retracements or confirmed reversals. There are plenty of examples here how to take a trade. Just study them. All the best....
may i know what is the confirmation of reversals? if signal line and trend line cross?
Re: XARD - Simple Trend Following Trading System
Posted: Wed Sep 23, 2020 10:51 am
by warwar
Could you suggest best TP and SL ? im a bit confuse, is the best TP is the suppres line? but after some time it will be gone
Re: XARD - Simple Trend Following Trading System
Posted: Wed Sep 23, 2020 12:09 pm
by RplusT
warwar wrote: Wed Sep 23, 2020 10:49 am
may i know what is the confirmation of reversals? if signal line and trend line cross?
Well, that's a hard question. For me to even think of trading a top or bottom reversal, the price got to have reached a major S/D level on a higher TF. Secondly I look for consolidation at that level and then a break of that level in the reversed direction. For example if I trade a 15m I'd look for consolidation at that chart. Personally I prefer to trade off retracement levels in the direction of the trend. Less headache.
Reversals I'd trade with Xards second dots. Have done that. Works out well pretty often. I see him working on a chart for that which is a good thing.
Re: XARD - Simple Trend Following Trading System
Posted: Wed Sep 23, 2020 12:30 pm
by Cladi39
warwar wrote: Wed Sep 23, 2020 10:51 am
Could you suggest best TP and SL ? im a bit confuse, is the best TP is the suppres line? but after some time it will be gone
You are not confused you need study more.. Study the basic of trade first. Without that knowledge dont try to probe any system.
