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Re: XARD - Simple Trend Following Trading System
Posted: Tue Oct 13, 2020 12:54 am
by gostego
We know how to trade de second point...but I'm now observing the first point..If there is an up trend we trade the 2' 4' 6' point etc...If appears a down red arrow next first point can be considered an other entry long point and could happen that: 1) the price goes above the red arrow 2) the price don't goes above the red arrow e create the second point for a short entry...in boths these cases it was correct to entry long in the first point....or not??
Re: XARD - Simple Trend Following Trading System
Posted: Tue Oct 13, 2020 1:17 am
by RomanUkraine
gostego wrote: Tue Oct 13, 2020 12:54 am
We know how to trade de second point...but I'm now observing the first point..If there is an up trend we trade the 2' 4' 6' point etc...If appears a down red arrow the next first point can be considered an other entry long point and could happen that: 1) the price goes above the red arrow 2) the price don't goes above the red arrow e create the second point for a short entry...in boths these cases it was correct to entry long in the first point....or not??
Two questions:
1) what you trade (currency or indices - another change in value - volatility);
2) what type of frame you are trading.
With which you check the trend, YOU move to a larger timeframe. If on TF M-5 there is a change of a trend (or point 2), and on TF M-15 - continuation.
And reinsurance on TF H1
Re: XARD - Simple Trend Following Trading System
Posted: Tue Oct 13, 2020 3:49 am
by tvhh94
gostego wrote: Tue Oct 13, 2020 12:54 am
We know how to trade de second point...but I'm now observing the first point..If there is an up trend we trade the 2' 4' 6' point etc...If appears a down red arrow next first point can be considered an other entry long point and could happen that: 1) the price goes above the red arrow 2) the price don't goes above the red arrow e create the second point for a short entry...in boths these cases it was correct to entry long in the first point....or not??
Still go long, to confirm overall trend has changed we need HL up arrow or LH down arrow appear after the lowest or highest arrow with square. As mr Xard said, trade from this arrow to another one (with square)
Re: XARD - Simple Trend Following Trading System
Posted: Tue Oct 13, 2020 4:36 am
by flandria
tvhh94 wrote: Tue Oct 13, 2020 3:49 am
Still go long, to confirm overall trend has changed we need HL up arrow or LH down arrow appear after the lowest or highest arrow with square. As mr Xard said, trade from this arrow to another one (with square)
What timeframe are you talking about ? Thanks ...
Re: XARD - Simple Trend Following Trading System
Posted: Tue Oct 13, 2020 6:03 am
by tvhh94
flandria wrote: Tue Oct 13, 2020 4:36 am
What timeframe are you talking about ? Thanks ...
Tf doesnt matter here, M1 or H4 are the same, its all about catch small ways in a big wave
Re: XARD - Simple Trend Following Trading System
Posted: Tue Oct 13, 2020 6:17 am
by gostego
tvhh94 wrote: Tue Oct 13, 2020 3:49 am
Still go long, to confirm overall trend has changed we need HL up arrow or LH down arrow appear after the lowest or highest arrow with square. As mr Xard said, trade from this arrow to another one (with square)
Infact I meant that first point after red arrow could be considered a point to go long both if after the price goes above the red arrow, or the price stops before and the 2' point appears..
Re: XARD - Simple Trend Following Trading System
Posted: Tue Oct 13, 2020 6:30 am
by flandria
tvhh94 wrote: Tue Oct 13, 2020 6:03 am
Tf doesnt matter here, M1 or H4 are the same, its all about catch small ways in a big wave
Yes , I know ! The sema's can get confusing looking at different time frames .
Re: XARD - Simple Trend Following Trading System
Posted: Tue Oct 13, 2020 12:19 pm
by tvhh94
gostego wrote: Tue Oct 13, 2020 6:17 am
Infact I meant that first point after red arrow could be considered a point to go long both if after the price goes above the red arrow, or the price stops before and the 2' point appears..
Yeah, we dont know how high price will go up, it can be a lose trade if strong down trend begin or a strong pullback to trend line, but just go long and stick to the rules
Re: XARD - Simple Trend Following Trading System
Posted: Tue Oct 13, 2020 12:32 pm
by tvhh94
flandria wrote: Tue Oct 13, 2020 6:30 am
Yes , I know ! The sema's can get confusing looking at different time frames .
That happen to any repaint indi, u can start with m30, for me its the best and stick with indices. Not mrXard' system or the way he trade but indices trading is the most valuable thing I learn from this thread.
Re: XARD - Simple Trend Following Trading System
Posted: Tue Oct 13, 2020 10:05 pm
by vinscal
yogesh0405 wrote: Tue Oct 06, 2020 8:23 pm
Pl suggest code in mq4 to show highest open interest strike prices of index. as here these are top traded strike prices based on OI.
can you please share this indicator and template used ?