
Re: XARD - Simple Trend Following Trading System
8711I finished early today 

- These users thanked the author braciola719 for the post (total 2):
- sudhindragk, gamerredd
xard777 wrote: Mon Sep 13, 2021 4:17 pm The week is off to a good start... (don't be greedy, book those Pip$)
Classic Xard, making your money off a 2nd Dot. Who knew.
Xard777
Yeah, maybe he did buy those previous lows??? And so what? There is such a thing as buying high and lows lol but who cares man? Trade the dots or not (that rhymes) Xard has presented a system, it's still up to you to decide where and when you enter the market.ImpLaNT wrote: Mon Sep 13, 2021 5:47 pm Classic Xard, making your money off a 2nd Dot. Who knew.
Now let's figure it out ...
Once upon a time I said that in the screenshots provided by Xard, there are always no entry lines to the market. I assume that he does this deliberately, for what purpose I don't know, after all, if everything is honest, then what to hide ?? Also, I have repeatedly noticed that if you analyze what is shown in these screenshots, I don't even know how to put it, but in my opinion it smells like fraud. By the way, Xard posted his next screenshot just at the moment when I entered this forum.
So, let's understand in detail ...
The screenshot shows that the current price is 34750, you can also see that the current profit is at 154.8 pips. Accordingly, we are looking for the position opening price 34750-154.8-1.5(spread) = 34593.7. Now look at the price scale on the right and find where that price is roughly located. It turns out that the position is opened directly from the lowest extremum, from the so-called point 0![]()
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Hence two questions ...
1. As the author writes, we trade from the second dot.![]()
In the picture, I give the moment of entering a position from the second dot and at this moment the price is approximately 34695. That is, if the position was opened according to the rules of the system and what the author teaches us, the current profit would be approximately 55 pips, not 154.8 as in the screenshot. That is, it turns out that the position was opened 100 pips earlier.
2. Question two ... Xard, tell me, maybe you have a time machine, or maybe someone brought to you from the future an almanac of market quotations of 2000-2050 and now you know all intraday extremes for WS30 and SP500 until 2050?![]()
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Probably there are no other instruments in the almanac, so you trade only these indices ??![]()
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Agree, its very similar to the plot of a famous film and smells very much of manipulation of facts and fraud ...![]()
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Your comments about this moment will be very interesting ...![]()
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xard777 wrote: Mon Sep 13, 2021 6:15 pm Damn!... I have been totally rumbled by EggpLaNT :-( the shame
Don't BUY off the 2nd Dot - you will not make any Pip$
I am off to commit Seppuku (Hari-Kari for the mentally challenged), see you all at Xmas with a special Don't Buy off the 2nd Dot setup which I will be selling for millions of pounds.
May the Pip$ be with you...
Xard777
PS Try not to fight too much on the thread while I am away.
just speculation, xard went long after blue candle when price was at 1 and 2nd dot was at 2 and then add another entry as price went lowerImpLaNT wrote: Mon Sep 13, 2021 5:47 pm Classic Xard, making your money off a 2nd Dot. Who knew.
Now let's figure it out ...