Trading using with candlesticks only and nothing else

10:00:00 price trades at 150.01
10:00:01 price trades at 150.05

Ok so what happens next? This is all the info you need for a trade?

 

Range, s/r and volume would be helpful too, agree price action alone isn't enough... though it's most important

 

10:00:00 price trades at 150.01 x 100
10:00:01 price trades at 150.05 x 100

Total volume today: 2,350,000
ADV: 6,500,000
Days range: 149.50 - 150.50

 

BTW here are some trades I did today that were driven by price action but informed by a lot more than just the chart:

 

Let me simplify what I said:

Price action is not like looking only through a rear view mirror, because it also considers the present.
Nothing in trading knows the road ahead like a "car racer" does. Not price action. Not anything.

 

Great. Does what you did disagree with what I said?

 

%%
IF ONLY , SPY 500 tracked on track as orderly as Indy 500\LOL
To paraphrase Sir Isaac Newton's Law of motion, an object trending tends to keep trending.SEPT exceptions to that rule, simply can prove the rule. Not a prediction.

 

LOL PA you mean like look out the windshield, not rearview.

 

Price action is a lagging indicator, it’s not sufficient for you to have a view. A stock being up/down 5% tells you nothing about where it is going.

 

Price action also gives current information, as well as lagging information.
Nothing tells you what the future holds.

Name one indicator that knows what the future holds.

These are two simple concepts.

Here's what I said:

Another simple concept:

The only "indicators" that don't use past data are the current price, current volume, and current quotes (current level1/2/3 quotes).

So all indicators use lagging data.

Repeated simple concept:

No indicator knows the future.
No indicator can use future data.