Discussion in 'Technical Analysis' started by Dackster, Mar 17, 2012.
Quite simply, what do you consider as the most important aspect of a chart and why?
Volume-leads the price.
And what I've learned over the years is what happens right now on the chart can be the start of a trade setup but the actual entry might be many days away. But it depends on the timeframe.
Let's say you're looking at the 60m. What happens on Monday at 9am might lead to a trade on Thursday.
What do you mean?
Does volume create the different shapes?
That's right.Same is for the profit taking.
The footprint left by price
Helps me visually see where.., and where not â price wanted to goâ¦ how adamant is was about getting thereâ¦. and where the sticking levels were/ are
Then helps in me figure out where price may decide to go next
Also shows me where low risk attempts to find out - are
Volume Sunshine after the Rain and joy after the pain,it`s easy to comprehend - simple and plain.
Presence of a strong trend is first.
A few horizontal lines/the time of day/what happened yesterday.
Separate names with a comma.