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The concept is the next:
Discover under two screenshots with TSLA charts on the open at this time The charts solely have the candles, quantity, VWAP (orange line) and contours. No different indicators.
To make clear (in case they don’t seem to be clearly seen), that is the content material of each screenshots:
The primary one has TSLA 5m on the high left, 1m on the high proper, 15m on the backside left and QQQ 5m and SPY 5m on the backside proper The second screenshot has TSLA 5m on the high left, 15m on the high proper, 1h on the backside left, 4h on the backside heart and each day on the backside proper
The aim is, from trying on the charts, so that you can reply the next (with out dishonest and searching on the charts on the finish of the day… except you might have truly traded TSLA at this time on the open and also you need to share your evaluation/although course of):
would you might have marked some extra degree lacking on the chart? what’s the pattern bias? what’s your evaluation from what you see?
do you see a possible commerce within the formation within the charts up to now? If sure:
would you might have gone lengthy or brief and the place? the place would you might have positioned the SL? the place would you might have positioned the TP?
After all, these are static charts and generally selections are made shortly and on the fly, relying on the model of every dealer.
However let's assume that with the data supplied you may make an evaluation at that time and see a possible commerce.
Once more: let's play truthful and no dishonest by taking a look at how the chart within the following minutes, please. The aim of this train is to share a few of our understanding/although technique of value motion, see how others analyze the charts and focus on the variations/coincidences among the many totally different opinions.
Let's go… Completely satisfied "buying and selling"!
5m on the high left, 1m on the high proper, 15m on the backside left and QQQ 5m and SPY 5m on the backside proper
TSLA 5m on the high left, 15m on the high proper, 1h on the backside left, 4h on the backside heart and each day on the backside proper
submitted by /u/kkrac [comments]
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