You are now talking about different time frames. If you are day trading you would probably use the 15 minute and 5 minute stockcharts. I use the daily stockchart for 6 month period as my basis for getting in and out of trades and I use it to swing trade and trend following. Both resistance areas would be correct. Times frames are different. Like an apples to oranges comparison.
What happened on this chart?
- Thread starter KGTrader4
- Start date
if you look at the historical hourly & daily volume histogram, there was nothing abnormal about the volume.
daily volume has been around 100m / day
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great discussion, although I know it’s pretty elementary to you guys, it’s enlightening for me.. I understand your point. And yes, longer time frames require different charts. When I looking to buy a stock as an investment, I prefer the day chart.
question : for daytrading, why the 5 and 15 minute charts, vs the 1 minute chart? Also, when would one use the 5 minute vs when would one use the 15 minute
right but I’m referring to the exploding volume on one candle on the ONE MINUTE chart
it is still considered as a trivial matter.
Massive short-covering. ...by paranoid shorts who are worried about the buy-on-dips crowd.....and WallStreetBets cohort.
I do not day trade although, day traders say they use those time frames for day trading. The problem with 1 minute stockcharts is probably, it is too short a time frame. Do not have an answer for you why they use the 5 minute and 15 minute time frames for day trading. Some traders use the shorter time frame to time their entries and the longer time frame for the bigger picture. That could be their reason why they use two different time frames. That is just my guess.
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What volume explosion? I count, by eye so maybe I'm off a bit, 15 other minute bars with comparable volume.