So i was trading intraday today and sw this chart. there looks like something is there but i just cant figure out it is. Maybe one of oyu guys can tell me. Maybe im just completely wrong.
The two red candlesticks should mean something. Its telling me that the buyers are now in control. But then there isnt any movement in price in fact its just the same. So whats the thinking there? That theyre losing momentum?
You've started a large number of threads asking such questions. I and a few others have tried in vain to tell you that doing this is going to get you nowhere, and that the only road is to devote at least a year or two to the study of TA. Once you have at least a basic knowledge of TA, people here will be happy and able to help you. But first you must help yourself. I posted a chart yesterday in one of your threads that had a number of TA basics. I was hoping that it would open your eyes as to how little you now know. You are going to learn nothing by posting charts and asking 'What's this?', 'What's that?'. Your wasting your time and that of those who answer. You will not get a course on TA here. Instead you might want to ask how others learned TA, what books they read and benefited from etc. and then set out on a course of study for yourself as we once did. But, of course, if you have no serious interest in studying, that's that.
Something where? I can see plenty of things, almost all meaningless. Vague questions get vague replies.
Well for me the two red candles at the bottom of the trend. The volume is increased but the two candles didnt do anything in price. to me maybe this might go down a couple of cents. so maybe i would buy it and then sell real quickly. is this a bad idea?
cashclay, Yes, its a bad idea to be asking for "trade advice" from anonymous traders when you don't know what's going on. Rule of thumb, if you have to ask for specific trade advice (especially day trading advice)...best to just stay away from the markets. By the way, why do you consistently only capture a partial image of your charts...why not just capture the entire chart ?
im just trying to get a feel of the would happen next based on intraday readings. is this a bad idea you think ?
people have told me that for intraday trading you really first need to look at previous charts to get a feel but once the trading starts you really need to just focus on the current action because you want to trade the stock quickly for a quick profit.