Trading System by Xard777 - page 253
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Update
Here is the next level in the basic trading system...
All the best
Xard777
I have tried several times to get close with the strat test to recreate what i do manually but just cant get there. I like this system and want to trade it however do not want to trade it in full view at work - any suggestions? get an ipad and setup email / SMS alerts for say the candles changing colour on 1hr & RSI crossing?
Dear Xard777 ,
Thanx for the latest update..very kind of you.
i need some enlightenment, if you dont mind.
What is the major differences that I am expected to understand from your latest update? Are we supposed to double check the higher timeframe first before entering a trade on all occasion ?
I also observed that there is an ex4 file named sl tp 2. ex4 in the folder and in your chart. could u pls advise me on how to work with them ?
TQ in advance..
Dear Xard777 ,
I need some enlightenment, if you dont mind.
What is the major differences that I am expected to understand from your latest update? Are we supposed to double check the higher timeframe first before entering a trade on all occasion ?
I also observed that there is an ex4 file named sl tp 2. ex4 in the folder and in your chart. could u pls advise me on how to work with them ?
TQ in advance..Hi sengkek,
If you think of the Forex market as being the biggest bank vault that you could ever imagine stashed full with depositors hard earned money and all that money is secured by a Time-Lock. Now this timelock is a timer made up of all the different time frames (daily, 4hr, 1hr etc..) like tumblers in a safe's combination and it is designed specifically to prevent the opening of these huge vault doors until it reaches a pre-set time, even if the correct combination is known.
Now comes along 96% of the Forex traders who all want to get their hands on all that wonderful tax-free cash, but unbeknown to them is it's on a timelock, so what happens?... they all end up making lots and lots of non-refundable deposits into the Forex bank vault that just keeps getting bigger and bigger of every second that the timelock is on.
Now, the 4% Fat Cat traders, they sit back and don't make any deposits because they already know that all they have to do is WAIT for the time frame tumblers to all align up in sequence for the timelock to switch off and the massive vault doors to swing open, and sure enough when it does it is paying out like America paying out money to third world countries. There are containers of cash flying out to this guy and containers of cash paid out to that guy, there is tons of money flying out every conceivable direction.
And looking from afar is one of our 96% traders, he sees all the fireworks and hears all the fanfare of the celebrations of the big Forex payouts and he thinks I want some of that and sure enough he goes running back as fast as his little legs will take him back up to the bank vault with it's massive bank vault doors only to find that they are closed and guess what? they are on a timelock.
So what does our guy do? He is so engrossed in the celebrations and wants so much to be part of it that in the heat of the moment he goes and makes (you've guessed it) a non-refundable deposit.
So to answer your question re checking of higher time frame first before entering a trade?
I am going to let you ponder over that question a little longer.
All the best
Xard777
Xard777 "Re: the checking of higher time frame first before entering a trade?"
My first post seems to have vanished so here is a repost.
Excellent post!! Wow, i'm going to print this out and put it on my wall. Thank you for taking the time to write this.
I was recently lucky enough to be guided to this forum and thread by a new friend of mine. I'm making the switch from equities to forex and am grateful that you are willing to put in all the hard work into all of this and your willingness to share. I'm excited to give this system a try after I fully understand what i'm doing.
Even though this thread gets quiet, i'm sure there are a lot of people sitting on the sidelines anxiously watching this thread as I am. I'm not even trading this yet but get excited whenever I see an update.
Many thanks to all those involved and my buddy George for guiding me here.
Mike S
the murray math lines dont seem to be indicating price levels accurately
GU: was long as was blue then closed at open line. sold as system was pink.
be
Thank you very much for the update XARD
Xard just some questions : With the new update I can hear a lot of Alert but the window doesn't appear anymore like the previous update. You gave different Template with this update can you please explain a little bit on how they work and which time frame do we need to trade ? Thank for your help
hi,
whats the best time frame to use this system on ?
thanks