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One minute stock charts

Started by Admin, Sep 25, 2023, 04:58 PM

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Topic keywords [SEO] Forexstockcharts


One of the most important tools for analyzing current market situations and predicting further price behavior are stock market charts. They allow you to determine the balance between bulls and bears and make a choice in favor of those who are in the majority (this ultimately makes it possible to understand the potential for profitability of transactions.). They present information on prices in a graphic, visual form, which is the simplest for a general understanding of the situation in the market than text or digital information. In addition, the stock chart can help assess the potential for growth (or decline) in the analyzed instrument in order to decide on entering the transaction. Technical analysis begins with exactly that.

Technical analysis of the stock market is a system of forecasting prices based on information obtained as a result of market trades. Unlike the fundamental analysis based on the study of the production activity of an enterprise, the basis of technical analysis lies in the selection and study of certain regularities in the movement of the quotation charts. In other words, when using technical analysis, a trader performing a trading operation is guided only by a graphic image, meanwhile they may be completely unaware of the company, even though they may trade its securities. Technical analysis of the stock market is relevant for short-term trading. Ignoring the technical analysis of shares in short-term trading simply leads to losing money.

Analyzing the market situation, traders try to determine where the price will go applying various graphics. There are many such graphs:
  • Tick chart displays price changes every second;
  • Minute chart displays the price change in one, five, ten, fifteen or thirty minutes;
  • Hourly chart shows the price change in one to four hours;
  • Daily chart shows how the price has changed in a day.

How to read charts? This question worries many beginner stock traders who realized that many of the indicators of technical analysis can be late or simply do not work. But first you need to learn two basic principles that will help you read a graph:

Imagine you turned on a TV channel where there was a broadcast football of teams you do not know. You cannot immediately make a reasonable judgement about the victory of any of them; otherwise, it will be out of pure excitement. Reading the chart is a method of reasonable judgment about the stock market with the goal of making a profit. A conscious player needs to know how teams (bulls and bears) played in previous matches, what events happened during today's game. This is the first principle to be learned in order to learn how to understand and read the charts - to study bar charts and candles as a story that develops in time from left to right and analyze the current situation in the context of the past.

You should read the charts by analyzing the interaction of three independent parameters: volume, time and price because the charts analysis is reduced to the calculation of the supply and demand balance. And the forces of supply and demand, according to the law of the same name, are expressed through price and the volume (the number of transactions). Being able to read volume and price charts in time, a trader can see the change in the balance of buyers and sellers (reason) and take a favorable position before the price starts to change (effect). Traders may ask how to read charts if a broker does not provide data on the actual volumes? There are two answers:
  • Replace the data of real volumes with tick volumes. Gavin Holmes, like other VSA experts, argues that the tick volume shows activity correctly. Namely, the activity of players displays the amount of volume, tick or real.
  • Take the volume values from derivatives; for example, from the futures market.

One minute stock charts are not a safe option. Trading on minute stock charts the biggest of all possible risks. On the other hand, such a stressful trade is capable of bringing a huge profit in a matter of minutes. Such timeframes are not for lazy, inexperienced beginners since they require perfect discipline, the ability to make decisions quickly and correctly; a trader has do make decision given time from one minute to fifteen minutes. One minute chart generates price bars every minute as long as there is one transaction in that minute. This might create the image of movement, even though there may literally be slight volume in the stock, futures contract or forex pair.

If you are thinking about how you can trade at such an accelerated pace, the first thing that comes to mind is, of course, all sorts of advisors and robots; manual trading without modified indicators will not do. You can work independently without any tricks but not so effectively. And why would you do that if there are already a lot of useful tools that will help you earn and use every minute of an already short-term timeframe profitably. Using a minute chart and a suitable strategy, you can make two to five trades throughout the day. One chart type is not necessarily better than another. You might find reading minutes chart very efficient for your style or find a min pin growth chart a powerful reversal signal when they form in the correct manner and location but you can also keep looking and find even a better strategy.