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Strategies & Market Trends : Underexposed Technical Analysis
AQN 5.865+0.4%3:06 PM EST

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To: kimberley who wrote (563)9/20/2019 1:44:08 PM
From: Underexposed  Read Replies (1) of 914
 
Hi Kimberly

lime green line is WVAP
Sorry still not feeling well, hope this gives you what you are looking for.

Hot lemon/ginger tea...it helps :)

Yes this chart makes sense.... the other one didn't.... See the evenly spaced time on the X axis.... this is a normal time scale...

Lots of daytrading people use a "tick" chart and I suppose it is some kind of price/number of trades thing where you record the price close or range (candlestick) for a given number of transactions

Here is your chart with my comments on it.



To me there is only one sure day trade and it is blocked in green.

The real important indicators in this chart are the MACD (in minute charts the signal line is really important) and the Slow Stochastic (14,3)

The Spy and RSI don't really add much to the interpretation IMHO

Another indictor I would add in their place would be the ADX- line(with DI= and DI-). I think if you redraw that chart with this indicator you will see a bullish cross of the DI+/- at the beginning and a maximum divergence when the other indicators say sell.

If you did that you would have scored a $3.00 gain or almost 5% for 2 hours work.....not bad!

The VWAP does not help much and could trigger false alarms

in the first red circle on the right.... Ar you going to sell now???? It is telling you to and since the stock is 3X bearish you had better act quickly.... but false alarm it rebounded

The second circle is just as bad... the price rises above the VWAP...BUY??? wrong decision it was a head fake.

To me if I were doing this I would have several stocks that are known to be volatile in a watchlist and displayed in individual windows so I could watch for good breakouts.

UE

PS: I did take a look at the stock screener on Investing.com and I thought it was pretty interesting. It works for both American and Canadian stocks... I am going to investigate it more.
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