Trading System by Xard777 - page 301
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Hi Effluvium, I have enclosed a picture which includes a small explanation of the main components of the chart and how to enter the trades.
http://i.imgur.com/ZsTDqT7.png
All the best
Xard777Dear XARD,
Salutes & deep respects to your continued work of excellence.
Do we look for a BUY or SELL only if the price is above or below your Daily & Weekly open lines ??
Please clarify.
Thanks in advance.
Dear XARD,
Salutes & deep respects to your continued work of excellence.
Do we look for a BUY or SELL only if the price is above or below your Daily & Weekly open lines ??
Please clarify.
Thanks in advance.Hi karthikte, See link to picture for clarification... http://i.imgur.com/j3A3Y3L.png
All the best
Xard777
Hello Xard777
Can you please post the complete system with the extra windows showing more information
such as average daily and weekly pips for each pair and more?
Sarju
Hi karthikte, See link to picture for clarification... http://i.imgur.com/j3A3Y3L.pngvertical red line
All the best
Xard777advice, you should get on the green line, or above coraline
Hello Xard777
Can you please post the complete system with the extra windows showing more information
such as average daily and weekly pips for each pair and more?
SarjuHi There sradia, The extra windows is not necessary, it will only cloud your judgement, for instance, this trade on Gold was taken purely on the price going down on the main chart and confirmation from the stochastic (which was posted on my last update). It is better to learn to take trades using this strategy.
Simply watch the Stochastic (Above & Below the level 50 Blue line) and trade off the Daily Open line in the direction the Stochastic is giving you. That way, you keep your decision making process simple. After all, trading Forex is not rocket science.
http://i.imgur.com/V8JWhgr.png
All the best
Xard777
Just to conclude from previous post...
You can see that I came out the market prior to the US Unemployment Claims news, waited to see how the market would react, you can see continuation in the current down move after 10am NY time so back in with the down trade and bagged some more pips and close her down for the day. This should give you some idea as how to keep your trading decisions simple and keep the pips rolling in.
Also, one last important piece of info... don't be greedy, get in, take the pips off the table and get out... and stay out.
http://i.imgur.com/Jrr2d6a.png
All the best
Xard777
Simply watch the Stochastic (Above & Below the level 50 Blue line) and trade off the Daily Open line in the direction the Stochastic is giving you. That way, you keep your decision making process simple. After all, trading Forex is not rocket science.
Xard777Xard, very much appreciate what you have done and shared on this thread. Wanted to quick ask you (if you don't mind sharing), what setting does the Stochastic use so I can replicate in another platform and test it? ... doesn't look like a regular Stochastic though, maybe some indicator used as a proxy for Stochastic, or the other way around, maybe? Looks like an RSI with a red smooth MA.. not sure...
Thanks again for everything you have done.
-aquarius5
Xard, very much appreciate what you have done and shared on this thread. Wanted to quick ask you (if you don't mind sharing), what setting does the Stochastic use so I can replicate in another platform and test it? ... doesn't look like a regular Stochastic though, maybe some indicator used as a proxy for Stochastic, or the other way around, maybe? Looks like an RSI with a red smooth MA.. not sure...
Thanks again for everything you have done.
-aquarius5The Stochastic settings used are... (21,9,2)
All the best
Xard777
Xard777
All I can say is -IAM SPEECHLESS, the indicators and charts you create are not of this world. Its like you are downloading from another much much advanced civilisation from another planet.
Xard777, may I say you are doing a wonderful job. I have been tracking your work for sometime--ALL EXCELLENT WORK, INDEED. Are you a scientist of some sort??
Having said that, I think your work can be turned into an expert advisor., though I do not know much about ea s. From what I have read on the net, they can speed up things.
Anyway, what is your opinion about automated trading?
Keep up this heavenly work.
Cheers
Excellent thoughts Mr. XARD. It really helps !!
What are those 2 MA like dotted lines in Blue and Black color that's seen in the PIC file yrIa1o4.png you had attached ? Any significance of them in the system ?
Thanks for your continued assistance to the trading community.
Turning Chaos into Order... a non scientific approach by Xard777
Welcome to the World of Forex where vast fortunes are made every year, why work for a Pay Check that is Taxed to Death at source and governed by borders when you can lay back and relax on your hammock in your very own private beach sipping Mai-Tai's and make more money than you can ever spend in forty lifetimes Tax-Free splashed around the globe in safe havens away from prying eyes.
Welcome to the World of Forex, where a person can turn a mere 1'000 bucks into over 13 Million buckeroos in only a year.
Welcome to the fantasy World of Forex :-)
Well, lets break the fantasy down into reality with a couple of illusionary steps...
In order to make 13m from 1k in 1yr you would need to increase your 1k fund by 20% every week for 52 weeks... $1000 x (1.2^52) = $13'104'630.93 tadah... fanfare... and you thought it was impossible, ye of week puny mind.
Now, the mystifying step that 96% of our infamous Forex Traders out there in the wonderful World of Forex fail to recognise is making the very basic building block that is necessary in order to achieve our true potential, and that is... making the initial 20% starting block that is required from which to build our true wealth program.
So how do we increase our fund/portfolio/nest egg/buckeroos by 20% and do it in just one week ?
Why ? With the World of Forex of course (why do I even bother...)
OK, Lets break down our 20% into nice manageable steps...
5 trading days in our week which means we need to make 4% of our fund each and every trading Day
Lets say we want to make a nice 40 pips per trading day, so now we need a lotsize to go with the 40 pips that will give us our 4%
If we take our fund and divide it by 10'000 this will give us our lotsize that we need to trade for 40 pips to achieve 4%
So $1'000 fund divided by 10'000 = 0.1 lots x 40 pips= $40 and $1'000 x 4%= $40, so $40 x 5 Days= $200 and $1'000 x 20%= $200
So to achieve great wealth we need to make 40 pips per trading day, lets break our 40 pips per Day down...
Just for talking sake lets use XAUUSD (Gold) as our Trading vehicle to financial freedom.
Gold moves in excess of 100 pips every Day, all we would need do is look to make 20 pips during the London session and a further 20 pips during the US session. If we did that each Day we would achieve our Goal and that is to make 20% of our fund in one week.
Once we can do that we simply repeat the task week in week out till it is second nature and our end Goal of 52 weeks is done.
Having started with $1'000 and made 20%, our following week's starting fund would be at $1'200 so our lotsize would be 1'200/10'000= 0.12 lots and we would still be looking to make the same exact 40pips each Day trading the same type of trade using the trading strategy that I described to you over the previous posts.
NOW, HOW HARD IS THAT !!!
Welcome to the wonderful world of Forex, the zero endgame where some canny speculators lose their shirt and others win a lifetime subscription to Wealth, Liberty and the Pursuit of Happiness.
On a personal note, please observe that the author of this fabrication was totally bored out of his t*ts this morning having already downloaded all the newspapers, magazines, tv shows and all the latest movies (that are still to come out to a cinema near you).
All the best
Xard777Another Day at the Office... http://i.imgur.com/yrIa1o4.png