Is there a moderate level of cluefulness to how I'm reading this or am I still missing something major?
Cruz; Fine place to get out, especially since DHI is below 50,200 day moving average.Even better if you got out there ,4-19 real time And not suprising it made a lower high today; may even go higher in this market, but to many lows to stay long much for me
Well im a newbie as well, maybe a little bit more advanced now as i have learnt a lot in last couple of months. I dont like using candles on 1min timeframe, usually on a 5min timeframe. Also, candles are just a heads up on the potential move, i would not generally rely on them too much especially in choppy days. I usually have many other indicators or analysis prior to taking a particular trade. But just like you i am learning to fit the things i have learnt into my particular style of trading. Anyway i hope this helps, i edited your chart and added a bit of my own analysis, there was more but bit busy right now. If you wanna share knowledge with a fellow newbie, PM and maybe we can share some thoughts on our learning process over MSN.