Just an afternoon trade on the Kiwi while testing stuff out.
Xard777

Vakarox wrote: Thu Sep 26, 2024 2:11 am Hello everyone, I hope you're doing well. I need your help today. My day with XAUUSD didn't go well. I attempted 2 sell trades at the points circled in red, but they didn't work out. From my perspective, the elements seemed aligned. Could you tell me what I missed or what I didn't take into account? Thanks in advance. Capture.PNG

Hi bro, if I'm going to base my response to your picture, the main bias is buy and if u noticed u are selling on a green dot making higher high.

xard777 wrote: Thu Sep 26, 2024 2:39 am Just an afternoon trade on the Kiwi testing stuff out.
Xard777

Hi Xard is that indi in the bottom a Tesla Coil / Wave Trend type? Beautiful.
XARD: No, it's an ADX

Here are some key benefits to Intra-day Trading.

Greater Leverage and Buying Power.
Intraday trading often allows traders to trade on margin, meaning they can buy more shares than they could with cash alone. This amplifies potential returns but also increases risk.

No Overnight Risk
Positions are closed by the end of the trading day, eliminating the risk of adverse movements in the market while you sleep. This can reduce stress associated with holding positions overnight.

Less Time Commitment
Daily preparation and monitoring are required, but not the long-term research needed for investing. Traders can focus on short-term movements and trends, which might suit those with less time to dedicate to market analysis.

Immediate Feedback
Traders get quick feedback on their trades, which can lead to faster learning and adaptation compared to long-term investing where results might take months or years to unfold.

Liquidity
Since intraday traders focus on the most liquid stocks or instruments, there's generally less risk of not being able to execute trades at desired prices.

Capital Preservation
With the right risk management, intraday traders can potentially preserve capital better than investors, as they can cut losses quickly if a trade moves against them.

Flexibility
Traders can switch strategies or markets relatively quickly based on what's working. This flexibility can be beneficial in changing market conditions.

Lower Margin Interest
Since positions are not held overnight, traders might enjoy reduced interest on margin loans compared to those holding positions longer.

Emotional Discipline
Intraday trading can teach emotional control and discipline, as decisions need to be made quickly and often without much time for emotional attachment to positions.

However, there are also challenges:

Need for Constant Monitoring: Requires active engagement throughout the trading day.
High Risk: The leverage that increases potential returns also magnifies potential losses.
Transaction Costs: More trades mean higher costs in terms of spreads, commissions, and potential slippage.
Stress: Can be psychologically intense due to the need for quick decisions and the stress of market volatility.

For Success in Intra-day Trading:

Strategy: Develop and stick to a trading strategy that suits your personality and lifestyle.
Risk Management: Use stop-loss orders and only risk capital you can afford to lose.
Education: Continuously learn about technical analysis, news events, and market psychology.
Emotional Control: Discipline is key; avoid emotional trading based on fear or greed.
Technology: Ensure you have reliable trading technology and a stable internet connection.

Remember, while intraday trading can be profitable, it's not suitable for everyone. It requires a different set of skills and mindset compared to long-term investing. Always practice with a demo account before risking real money, and consider consulting with financial advisors if you're new to trading.
XARD777

Vakarox wrote: Thu Sep 26, 2024 2:11 am Hello everyone, I hope you're doing well. I need your help today. My day with XAUUSD didn't go well. I attempted 2 sell trades at the points circled in red, but they didn't work out. From my perspective, the elements seemed aligned. Could you tell me what I missed or what I didn't take into account? Thanks in advance. Capture.PNG

You are takeing the trade late, look that big blue arrow there, you have an entry short entry earlier the big blue arrow. Look the picture attached

xard777 wrote: Thu Sep 26, 2024 2:39 am Just an afternoon trade on the Kiwi while testing stuff out.
Xard777

I see that you went back to the roots without a 200 EMA, do you like it more without?
XARD: Trading Strategy Update:

I'm currently experimenting with a modified version of the EMA setup, focusing on the (13,55) Exponential Moving Averages. I've introduced the Arrow Dot and white SwingZZ line for intra-day bias. This approach was particularly effective during today's Kiwi trade in the US session, where I entered the trade as soon as the price crossed the EMA 55.

Indicators in Use:
Arrow Dot & SwingZZ Line: These help determine the intra-day trend direction.
Histo and ADX Trend Indicators: These are now fine-tuned to provide near real-time price action insights.

Chart Simplification:
I've removed the EMA 233 to declutter the chart and replaced it with an EMA 5 (white) for testing. This change keeps the strategy dynamic while simplifying visual analysis.

Entry and Trade Management:
Primary Signal: A price cross above or below the EMA 55.
Additional Entries: Utilizing the ADX and EMA 5 crossing the EMA 13 for potential multiple entries within the same trend, enhancing trade frequency and possibly profitability.

This setup aims to balance between trend following and timely entries/exits, optimizing for both clarity and actionability in my trading decisions.

Vakarox wrote: Thu Sep 26, 2024 2:11 am Hello everyone, I hope you're doing well. I need your help today. My day with XAUUSD didn't go well. I attempted 2 sell trades at the points circled in red, but they didn't work out. From my perspective, the elements seemed aligned. Could you tell me what I missed or what I didn't take into account? Thanks in advance. Capture.PNG

Dear Vakarox,

Please remember, the key is the second dot, which is marked by a triangle. Don’t overlook any element that appears in front of you. My advice is to focus on learning how to read the chart clearly—once you master that, you’ll be able to confidently take any trade.

Thank you Neroloft, Cladi53 & tmostafa007 for your responses. In the future, I'll be more vigilant at the start of a new trend.

tmostafa007 wrote: Tue Sep 24, 2024 4:58 am Hi xard777 , Curioso

Is there any article or post that explains the logic behind the dots and other elements? I'm not referring to the big arrow, which indicates potential reversal or the main direction. also i am not taking about the smaller arrows (up or down), which seem to represent either a continuation or reversal of the trend.

I need to understand the underlying logic because if I grasp the reasoning, I can anticipate the next test or potential move. At the very least, I could create scenarios to prepare for a trade depending on what happens next. Do you understand what I mean?

For example, when the big arrow or the smaller arrows (up or down) appear, I sometimes get confused. I understand that they might signal a change, but sometimes, for instance, when I see a big down arrow followed by an up arrow, and the price creates a lower low, the down arrow changes to pink and the triangle shifts back to a down direction.

I’m not sure if I’m explaining this clearly, but I hope you understand.

To conclude, I do understand the elements and about 70% of the logic, but I’m still struggling with this particular point.
As Curioso mentioned in a previous post, looking at the past is very clear and logical. However, I need to create scenarios to understand the next move and catch the trend as it happens.

I hope I’ve explained my thoughts well, and I apologize if it wasn’t entirely clear.

This point is very important to me because I haven't fully grasped the logic yet. I believe if I can complete my understanding, it will make a significant difference.

Hello tmostafa007,

Did you see the post #1, and next have the information you are looking for:

bagram wrote: Thu Sep 26, 2024 2:26 am Greetings to all of you dear forum members. I would like to express my gratitude for the invaluable help provided to us all first of all by Mr. Xard, Curioso and other experienced members of this wonderful forum. I am sure that your patience and your sense of human mutual aid will not disappear without a trace and that the good that you do will return to you in 1000 fold.

Hello bagram,

Welcome aboard and thank you for joining to this wonderful community.