Day Trading & Forex Forum

wasp

No trolling
No Flaming
No pointless arguments
No ego
No predictions required

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A thread for random charts, of your choice, any market and any timeframe. Feel free to add your own charts and thoughts, not everyone trades the same thing or just candlesticks etc so more views the merrier.

There is no singular view or goal, just a thread to look at a blank chart, and get different views for traders of all levels to pick and point opinions and views of whys and hows, to help all.

Not here to show off but to discuss price movements so hindsight is fine.

wasp

Nice clean, simple cable chart.........

annotations coming from me later...!

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wasp

and the dow

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wasp

post comments, draw all over it, colour it in.... whatever, just post thoughts on understanding the buyers and sellers to kick start discussions and help noobs see more than a load of candles making no sense.........

JTrader

If you look closely, and move from candle to candle, looking at the high, low, open and close, each and every candle should make good sense.

If you go one step further, and see how this information relates to the still active (not yet been breached by a close beyond this level) S/R levels on the charts (where price has turned momentarily or for an extended period of time), the picture should become an awful lot clearer.

But it can be difficult to do this all with just a screenshot without knowledge of the EXACT values of the OHLC as would be so if scrolling through a chart. In terms of coming up with consistent conditions etc.

wasp

Interesting, could you post an example?

wasp

A few quick notes for now......

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barjon

wasp wants this thread to stick strictly to the topic without diversions however innocent and/or humorous. so modding a bit heavily - and this will go in due course.

jon