When to wait for a candlestick to close vs. when a break of resistance or support signals a trade.
How to Use Support and Resistance By: ChartGuys.com
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7:30 ... Why would you want to enter a bearish candle before it's done forming? Even if you know it's likely heading to the next support line, wouldn't you still only be placing an order and waiting for the price to drop to that support, or waiting and then buying at that support? Wouldn't it make more sense to use this Volume/"Time in the hour" info as useful for when to exit (sell), wait for the dip to the support, then enter (buy) again?
Thank you for a great video with very good explanations. I am curious. When does the previous trend performance matter most when analyzing whether to get into an inside candle break? And what is more important a signal - the MA close above or below or the MACD bull or death crosses?
In 18:26 you cite a doji or indecision candle stick with similar top and bottom wicks... Does that mean that when the wicks differ, say a top wick being larger than the bottom, does that mean we are in a bullish doji - or are all dojis indecision candles regardless of wicks' performance?
I'm just dipping my feet into options, so I'm very confused. The mouse was moving all over the place and I couldn't' keep up with your pace of explanation. Too much information packed into a small amount of time for me.
im confused as to why there are so many moving average lines. Which one do you follow the most? also when you say enter a bear trade to the downside, how do you make profit off that? Don't you only profit off the bull runs? thanks
Hi, i did not understand the following
1. Volume increases by 50% in a span of 20 mins (stock price going down). Generally volume increase is accompanied by increase in stock price right?
2. If i know by the above information that in 20 mins itself the volume increased by 50% , how does it help. Instead if i waited for the close and bought the shares, that would have been a higher dip.
P.S. I have just started to learn about technical analysis and very interested to complete the whole course
Hi im very new to trading and derivatives your videos have helped me alot. i have a question because im losing hard the thing is
i have selling orders on 59.89 and 61.10 do u think i should wait for the rebound or just sell short and go with the bulls ?
These videos are awesome! The only thing is I lack some of the basic terminology you are using such as support and resistance and bearish breaks. Where can I look into these more so I can understand your videos better?
A "hammer" is a candlestick which appears when there is a lot of either selling pressure or buying pressure.Some people refer to it as a price rejection. The long pin will form from where price was rejected( pin below body = price was rejected from below and expected to go up). The long pin on top, shows rejection of higher prices. A hammer can be shown in two ways : bullish with the head on top of the pin (showing a lot of buying pressure) or upside down with the pin on top of the body(showing selling pressure).A reversal in price, MAY(not always) take place if you see this candlestick at the end of a trend.You would see a bullish reversal hammer at the end of a downtrend or down-move.You would see a bearish reversal hammer at the end of an uptrend or up-move.Cheers,,
Think of support and resistance like :Support is your floor (the low). This is where buyers will come in to support price at a certain level.Resistance is your ceiling (high). This is where sellers will come in to sell at that level.Usually if support is broken, price will fall thru the floor and not be able to come back up as it now becomes weak.Likewise if resistance is broken, it will now hold price above that level it broke thru because of strength.A bearish break means a break of the low and price will usually fall.Hope this helps !!
In 24/7/365 crypto trading, there is no "profit taking" at the end of the day or week or quarter... in other words, no more closing positions just because it's the end of the trading day or week. Does this reduce the value created by candle stick analysis in any way...?
Hey i got a question. at 7:57 you are saying that you would enter the bearish market, since you put all the signs together. But why would you do that? Isnt buying something, that would lose its value a bad idea, since then you would lose money?
It just before closing , you won't be 100% in what time your stock will be clsoing so you entering just before clsoing,
Honstly it kinda of risky for beginner , Would wait to the next cnadle then decide wither to enter or not
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