how should i trade this?

C

cashclay

Junior member

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• Jul 10, 2015

• #1

I keep seeing these charts over and over again and was just wandering on how i should trade this. There doesnt seem to be a pattern except for a slight downtrend. Should i wait for a pattern to appear?

 

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C

cashclay

Junior member

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• Jul 10, 2015

• #2

there also seems to a slight rise so do you think this will go up? the red is rising prices and blue is dropping prices./

 

J

Jason101

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• Jul 10, 2015

• #3

How should I trade this?

If you are asking then you shouldn't.
No one else can tell you how to trade.
Only trade something you feel you can.
It has to feel right to you and shout to you as a good trade idea.

 

C

cashclay

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• Jul 11, 2015

• #4

but there must be some kinds of indicators to let me make a more profitable guess than just intuition. cuz believe me, if it were left to that i would be broke the next hour.

 

J

Jason101

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• Jul 11, 2015

• #5

cashclay said:

but there must be some kinds of indicators to let me make a more profitable guess than just intuition. cuz believe me, if it were left to that i would be broke the next hour.

Click to expand...

Yes, but what I am getting at is that you do not have to trade that.
Your chart seems to be going nowhere. Why not find something else to trade,
something that looks like it is going somewhere, or change your timeframe
until it looks like it is going somewhere.

 

T

tomorton

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• Jul 11, 2015

• #6

Can't see a pattern. Why should you trade this?

 

A

AllDayHolds

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• Jul 12, 2015

• #7

Someone once said "you are only as good as the stocks you trade." This is very true in the sense of, why should your trading vehicle be moving? Context and catalysts help ignite movement. When both of these are apparent, THEN you wait for the pattern to enter.

 

C

cashclay

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• Jul 12, 2015

• #8

ah isee. i think im really impatient and just trying to find trades. I gotta pull myself out of this desperation and start to discpline myself. but thanks people!