RE: Flat Thursday18 Jul 2024 21:36
If you are looking to trade you want to run at least a 1 minute chart and a 5 minute chart..
I like to run the 1 min fairly zoomed, so I can see the volume candles, and get a better estimate of the buy and selling, as it is happening, but zooming in hides the trend so I use the 5 minute to see the whole day..
https://invst.ly/15mxj1
You should also check a few days trend, to see the bigger picture
https://invst.ly/15mxld
When it's getting close to your exit you can count the volume on the 1 minute chart, count either the sells or buys, just round the numbers enough to keep track that match say a sale price. On a high counting the sellers maybe best as they reverse the uptrend..
investing dot com, I find their charts error starting them a couple of minutes before 8am, which is great as I see every individual trade, so no need to volume count in order to estimate the trades as no candles.. leave the 1 min errored, then refresh the 5 min and run side by side... And just compare buyer to seller, who is trading the most and biggest
Over time you will start to see frequent occurrences, like the dip after a strong opening, a second chance to buy but not always, been caught a few times there