Food for thought...
Here you can see the Dow bouncing off 50% level of the previous day's High/Low.
A multi-trade opportunity.
Xard777

Specific Insights from 30-Minute and 5-Minute Intra-Day Views

Intra-day trading with specific focus on 30-minute (30M) and 5-minute (5M) charts can significantly enhance your trading strategy. Here's a detailed look at how these time frames can be utilized:

### 30-Minute Time Frame (30M):
**Purpose:**
- **Trend Confirmation:** The 30M chart serves as an intermediate time frame that helps confirm trends observed on daily or weekly charts while providing more detail than hourly charts.
- **Intraday Structure:** It's excellent for spotting the intraday trend, key support, and resistance levels that might not be visible on shorter time frames.

**Usage:**
- **Trend Identification:** Use this frame to determine the overall direction of the market for the day. Look for trend continuation patterns like higher highs and lower lows, or reversal patterns if the trend seems to be losing momentum.

- **Swing Trading:** Ideal for identifying swing points where the price might reverse for a few hours or the rest of the day. You can use this for setting up trades that aim to capture these swings.

- **Confirmation of Breakouts:** If you're considering a trade based on a 5M breakout, the 30M chart can confirm if this breakout has significance in the context of the day's trading range or if it's just noise.

- **Volatility Assessment:** The 30M chart can help gauge the volatility of the session. Wide ranges in this time frame might suggest a volatile market, prompting adjustments in trade size or risk management.

### 5-Minute Time Frame (5M):
**Purpose:**
- **Entry and Exit Points:** The 5M chart is perfect for pinpointing exact entry and exit points due to its sensitivity to price movements.
- **Immediate Price Action:** It captures the most immediate market sentiment, ideal for scalping or very short-term trades.

**Usage:**
- **Entry/Exit Strategy:** After identifying a trend or a potential reversal on the 30M chart, use the 5M chart to enter at optimal points, like after a minor pullback or the breakout of a small consolidation pattern.

- **Scalping:** For those looking to make quick profits from small price movements, the 5M chart allows for rapid decision-making based on price action or volume spikes.

- **Order Flow:** This shorter time frame can better reflect real-time order flow, showing where large orders might be placed, influencing short-term price direction.

- **Confirming Moves:** If a trade setup looks promising on the 30M chart, the 5M can confirm whether the price is still respecting the trend or if there's immediate resistance or support that wasn't clear on the larger frame.

**Indicators and Patterns:**
- Candlestick patterns for entry signals (like doji, hammer, engulfing patterns).
- RSI or Stochastic Oscillator for overbought/oversold conditions, offering potential reversal signals.

### Combining 30M and 5M Views:
- **Synchronization:** Look for patterns or signals that align across both time frames. For example, a breakout on the 5M chart that's supported by the trend on the 30M chart increases the probability of a successful trade.

- **Risk Management:** Use the 30M for setting wider stop-losses aligned with key levels, while the 5M might offer opportunities to tighten stops as the trade moves in your favor.

- **Adaptation:** If the 30M chart shows a trend weakening but the 5M still shows strong momentum, you might stay in the trade longer for potential trend continuation or prepare for a reversal.

By integrating both the 30-minute and 5-minute time frames, traders can balance the need for trend identification and confirmation with the precision required for entry and exit points, leading to a more robust trading approach.
Xard777

NB I understand that it might seem like I'm reiterating points I've made in posts before, but I do this deliberately to emphasize key ideas. Sometimes, repeating myself is essential for ensuring that my message is fully understood.

My Bitcoin trading today. For me the day is over.

victortrend wrote: Fri Nov 22, 2024 1:12 am My Bitcoin trading today. For me the day is over.

Hello victortrend,

The party not finished today, attention in the next hours :p

Hi XARD777

Although at 76 years young, I am a newbie at both Forex and Forex-station. I started trying to trade forex a few months ago firstly to keep my mind active and help to keep senility at bay, and as a pensioner, extra income would be most welcome.

I've been a bit reluctant to post here as you guys all seem to be far in advance of me and quite frankly, some you guys seem absolute geniuses. In fact I'm not too sure if I've posted this in the correct place, however I've managed to follow most of what I've read of XARD systems but please will you excuse any question that you may consider stupid or obvious.

My platform is MT4 and I have installed XARD XU v65. I have two XARD indicators that show when a 2nd Dot/Arrow appears and it lists the price next to the Dot/Arrow but can you or anyone tell me if there is an MT4 alert for when these 2nd Dots/Arrows appears and if so, where can I find it.

I have also added a MACD with settings from Linda Raschke's "Anti" Trading Strategy. I have been using this MACD to set alerts, however I'm getting too many alerts from this.

Thanks in advance.
XARD: Welcome to the community. Try not to overtrade, take a max of one trade at any given time. You are going to have losses so try and keep them small. If it is not going your way, just pull the plug and get out and WAIT for a better opportunity. It is like waiting for a bus, nothing for ages then they all come at once. Go over these videos to learn about market structure... https://www.youtube.com/@Lewiskelly8/videos

Neroloft wrote: Thu Nov 21, 2024 8:51 pm Noted in terms of swing, considering all entries are done in M30, what time frame do you pair M30 with?

I read the "Hooligan" post with great interest.
I can't remember who shared it...but, big credit to them.
It talked about the importance of higher timeframes when trading and how institutional traders always watch the H4 Open.
It's so special, they named the H4 Open price, The Hooligan.

On doing further analysis, I discovered that the Market I trade (DAX) respects The Hooligan so much.
I now pair the M30 with the 4Hr....but not the way you might think, lol
Let me explain.
I have different entry strategies...depending on the current market dynamics.
One of them is to always observe if\when the M30 and H4 Open lines are in sync or are out of sync.
For example, if the Market currently trades above the H4 Open price, If I'm in a trade, I make sure price stays above the M30 open price.
If I'm not in a trade, I wait for the next M30 candle to open.
As soon as it opens, IF it opens up, I'm in...to the upside!
It's so clear to see when they're out of sync...if\when the market makes a retracement or reversal.
I apply this same strategy when the Market trades downwards.

Xard's recent systems incorporate the Hooligan concept and makes it very easy to implement this strategy perfectly.
(A very special thanks to Xard for his ingenuity and kindness for sharing his system)
I use XU v17m-XMA v3.0

You also need an indicator which tracks the M30 open price and lets you see the direction of the Market every 30mins.
I use Candle Display v3

You need to keep an eye on the Hooligan.
You need to always observe when it changes
(It changes six times a day)
You need to observe the direction of the M30 open and aim to trade in the direction of the Hooligan!

Hope this helps!

For triangle (2nd dot alerts) you might wanna check out the indicator by XXXX here:
post1295551390.html#p1295551390

Roundboy wrote: Fri Nov 22, 2024 5:37 am Hi XARD777

Although at 76 years young, I am a newbie at both Forex and Forex-station. I started trying to trade forex a few months ago firstly to keep my mind active and help to keep senility at bay, and as a pensioner, extra income would be most welcome.

I've been a bit reluctant to post here as you guys all seem to be far in advance of me and quite frankly, some you guys seem absolute geniuses. In fact I'm not too sure if I've posted this in the correct place, however I've managed to follow most of what I've read of XARD systems but please will you excuse any question that you may consider stupid or obvious.

My platform is MT4 and I have installed XARD XU v65. I have two XARD indicators that show when a 2nd Dot/Arrow appears and it lists the price next to the Dot/Arrow but can you or anyone tell me if there is an MT4 alert for when these 2nd Dots/Arrows appears and if so, where can I find it.

I have also added a MACD with settings from Linda Raschke's "Anti" Trading Strategy. I have been using this MACD to set alerts, however I'm getting too many alerts from this.

Thanks in advance.
XARD: Welcome to the community. Try not to overtrade, take a max of one trade at any given time. You are going to have losses so try and keep them small. If it is not going your way, just pull the plug and get out and WAIT for a better opportunity. It is like waiting for a bus, nothing for ages then they all come at once. Go over these videos to learn about market structure... https://www.youtube.com/@Lewiskelly8/videos

Please see original post above!

victortrend wrote: Fri Nov 22, 2024 1:12 am My Bitcoin trading today. For me the day is over.

Are these the xu v14m triangles?

Wish that they had alerts

Roundboy wrote: Fri Nov 22, 2024 5:37 am Hi XARD777

Although at 76 years young, I am a newbie at both Forex and Forex-station. I started trying to trade forex a few months ago firstly to keep my mind active and help to keep senility at bay, and as a pensioner, extra income would be most welcome.

I've been a bit reluctant to post here as you guys all seem to be far in advance of me and quite frankly, some you guys seem absolute geniuses. In fact I'm not too sure if I've posted this in the correct place, however I've managed to follow most of what I've read of XARD systems but please will you excuse any question that you may consider stupid or obvious.

My platform is MT4 and I have installed XARD XU v65. I have two XARD indicators that show when a 2nd Dot/Arrow appears and it lists the price next to the Dot/Arrow but can you or anyone tell me if there is an MT4 alert for when these 2nd Dots/Arrows appears and if so, where can I find it.

I have also added a MACD with settings from Linda Raschke's "Anti" Trading Strategy. I have been using this MACD to set alerts, however I'm getting too many alerts from this.

Thanks in advance.
XARD: Welcome to the community. Try not to overtrade, take a max of one trade at any given time. You are going to have losses so try and keep them small. If it is not going your way, just pull the plug and get out and WAIT for a better opportunity. It is like waiting for a bus, nothing for ages then they all come at once. Go over these videos to learn about market structure... https://www.youtube.com/@Lewiskelly8/videos

Hello Roundboy,

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

I hope you enjoy learning in this wonderful community, and we with you.