DayTrading Tips: THE FIRST 5 MINUTE CANDLE TO MAKE NEW HIGH!
One of the important things a trader should know. is the exact time to enter into a stock trading, there is always a lot of speculation as to this, and it is a very common doubt, which affects practically all traders.
And to clarify this doubt: We never have the exact start to enter a business, because however much you can calculate when a high or a low will happen, or a currency will remain stabilized with the same value of 2 hours ago, is very deceived, because the financial market is a violent current of a river, that is, it is very volatile, and therefore we can not make predictions, we can not predict the future, but through the data provided by the platform you use, we have all the tools there, and something that can tell us a '' possible future '', and how to predict the future is impossible, we must use our intuition using the data that is provided to us in real time.
for example, we have a stock in the AMD and went well during the day, and by the time it stays stable 14-36 pre-market and then pulled back to your heart and you can see here he opened a bang 14 16 all the way up to 1356 so a big sell-off there ended up getting this long washout that sells very hard you can buy this dive if you're lucky enough to buy the bottom and you kind of get that move all the way back up where it opened and you can see what kind of what happened here for everyone who bought this dive here ended up staying in 1356 1370 area here in this bracket and then you know maybe they're still riding all the way here to 1436 looking for f or a new high of the day where is the safest entrance if you are not trying to buy the dive here well the favored entrance for me in theory would be the first five-minute candle to make a new high on this great sell-off they had this great drop from 1416 down in 1356 that could have bought the first 5 minutes can not make a new maximum after this candle here at 13 80 this can not I escape from the 1391 I pulled back to that area of 1368 and then continued to move higher but really for me looking at this chart I would say the 14 16 would be where the big sell-off started at 14 60 fell down here to 1356 so really just looking at the possibility of enter above this area of 1416 first five-minute candle to pass through this area actually blow up very big so jumps from 14 11 they are up to 1425 so a little good move there if you went into this candle you know this, don ' t have to get right into 14 16 because this 5 minute count may have jumped up and came back a bit, but once upon breaking through that area, let's look at the graph for a minute to look at that detail more, but you can to see that he is and it is the first 5 min you can make a new record and now he is running up the pre market there high in 1436, so great jump that the first candle 5 minutes to make a new high above the area of 1416 and you can see the resistance type of support obviously that 14 16 will be the resistance because it was a big sell-off from before so you are as well if you just above the area of 1416 I will like to go here for the possible change of back to high a day that is happening now in AMD and if you look at the 1 minute chart type you have a better idea here you can see in the one minute bang-bang-bang chart you know you are hitting this area 1416 is trying to break pulled back to this area of 1408 and then BAM here in this one minute in this one minute sail here and ran from 14 16 till 14 26 pullback type jumping out of that area 14 16 14 18 area has some ni support, and finally moving higher up here for the 1440 now little movement so nice there in that first five mini candle to make a new high looking at the 1 minute chart here you have a better idea of the actual you know that smaller movements here but when you look at the five minute chart which trades up to the 5-minute chart, you have a better idea of the general chart, the general move, then get there in 1416 for that higher legal move here if you're getting there in the 1416 area where your stop loss would be mine stop-loss would have been around this area 1410 middle on the bottom of this 5-minute candle so if I know we're looking for that 1416 break I get there 1416 and then all of a sudden it all starts to fall I go half I quit 1410 by half knowing that it's the background that the Kindle maybe 1408 has as an 8 cent drop if I need to, but overall I'm looking for that area of 1416 to turn into support since it breaks there and that's exactly ityou happened to get this move through the resistance of 1416 from the top of the top of this 5 minute candle that drops there open get that big sell-off and so once
it gets above that get high movement there and you can see this just trend constant now really good trend really buying it you know at the bottom here and is following this trend up to here pretty trend actually from 1356 up to the pre market high and going through 1436 now to 1440 so really as I said if you entered here in the 1416 area along your stop-loss here area of 1408 you would be safe for that higher movement in this light year and just follow this trend in up you could keep dropping this can keep going higher the day goes on and kind of keep an eye on this trend here and watch it and you can see very pretty trend there then it is really once you found that down below is just following this more and more and higher trend, really just jumping off this trend line everything And up here, so I like to trade with the five minute chart in mind, p chanting that first 5-minute candle make a new record as I said you could have gotten in here lower but if you're really looking for safe entry here the safest entry would have been above this sell-off here in 1416 and you can see how it worked perfectly there getting there 1416 soaring here to look to make a profit if it could not get above 14 36 there and keep the fall tendency could have fallen if it had problems we can see here is until 1440 now little movement so nice there in the AMD this morning and you know it is not always about madder stock more volatile sometimes it's just about finding a good trend like this getting there in the trend line getting there above the resistance of the first five minute candle to make a new high your open and good spending on AMD so hope that this answer some of your questions will give you an idea another strategy for you to have in your book of es strategies for trading day have a better idea for some in better input some global moves here and safer entries on stocks we are all and as I said I use the chart 5 min I have the 5 min chart here pulled up a species and I'm looking at the 1 minute chart type for my entry, so I'm looking for a small micro type pullback in this trend line so once the pickup from here I could look into entering the 1435 area maybe about that if he wants a stand holding there but overall you can see little AMD moving there running up sup 2.9% on the day so you get about 4% move here from this bottom if you have lucky and bought the bottom of this case if you have any questions leave a comment below if you liked the video be sure to subscribe to the channel and leave a comment like the video all this kind of fun thing working on n eggs videos daily.
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