The purple line which I talked about ...
I drew it at
Asian stock markets open
Europe or the UK stock market opens
1.5 hours before the US stock market opens
US stock market opens
You have to understand how the pre-market matching works.
You need to know what happens *
-15 minutes
- 3 minutes
- 60 seconds
before opening.
* Exchange dependent
Some traders specialized in it.
If that is not your intention, you should focus on RTH.
It seems to be forming a 3-SHARP-NEEDLE pattern (see post #59).
Good thing is
uptrend - traders earn $$$
downtrend - traders also earn $$$
But!
sideway - traders will weep and gnash their teeth in despair
(unless they enter credit option trade early enough).
No. I focus on what happened during the past few minutes to the past few hours.
I don't draw any support resistance lines as it is useless/confusing/distracting.
ref posting # 946.
I drew the vertical purple line.
Because I don't want to see what happened to the left side of the purple line...
BTC futures day range is decent.
However, the bid-offer spread is horrific;
it is in terms of tens of ticks.
You can't earn $$$ from day trading when the spread is so wide.
BTC futures is quite similar to
Chinese Yuan / USD futures, Lumber futures (low volume, huge spread).
For other futures...
How much $$$ did you lose?
Most likely, you pressed the BUY and SELL button in the wrong sequence.
If you changed your pressing sequence, you would have made tons of $$$$.
Always trade with the trend and with momentum direction.
and trade during Opening hours.
Don't trade when the trend is...
You are entitled to your opinion.
As mentioned, no one is interested in the way I analyze charts.
That's fine with me.
It doesn't bother me.
Am I going to change the way I analyze charts?
HELL NO!
Am I going to listen to you on how to analyze charts 'correctly'?
HELL NO!!!!
So analyze the...
No no no.
That is not how I analyze the stock chart.
MSTR chart is rather beautiful. So it is easy to analyze.
There are thousands of charts that are very ugly and hence
rather difficult to analyze.
The
Anyway, don't worry about how I analyze the stock chart.
Because no one is interested in...
Most of the members here are long term investors.
So when I analyse stock charts, I would focus on the big picture.
Definitely, for my day trading, my focus is only on the past few minutes/hours only.
If Trump were to be the president again,
there would be thousands of happy day traders.
Have Twitter open all the time.
He might twit anytime.
Then the market would move tremendously.
It seems like the 3rd peak has been nicely generated / created.
What an 89.999-degree up-and-down gradient.
MSTR CEO probably likes extreme sports mountain climbing.
Your Question is un-answerable because there are thousands of commodities
eg
rubber
copper
crude oil
PTFE
rice
soya
cocoa
palm oil
Do not be shy to tell us which commodity you are talking about.
Anyway, when the volume is around zero, don't bother to look at the price.
Because that data is...
Take for example the above 100 volume gold chart.
A candlestick is formed when 100 contracts have been traded.
How long it takes depends on
the market condition / big boys /
how desperate/calm the buyers/sellers are.
Definitely when there is a major news/event,
a candlestick will be formed in...
29 Apr
# signals during the early Asian session : 13 <<< Best session to trade
main movers : Taiwan index, China A50, gold, India Nifty, Nikkei, JPY
# signals during the early Eur session :2
# signals during the early US / end Eur session : 3
Sometimes a bar takes < 1 sec to form.
Sometimes, it takes a few minutes.
The faster the better.
But if it is too fast, the trading platform / charting software cannot cope.