Bquat's Account Talk

[nasa1974]

Ok. Getting somewhere now. Still have a few questions.
I am assuming the wick is the thin line burro is talking about to represent the day's range? And the rectangle represents the close...how do I know where it closed if the rectangles are different sizes?

The top of the white candle shows the close. The bottom of the blue candle shows the close.

 

[burrocrat]

We'll probably break that resistance red line today for a breakout.

i sure hope so, i think i'm going to sell half today, could use a little more to go with it.

 

[jpcavin]

Last Question....
Bottom, as in bottom of the screen (which could include end os wick for upside down candles or actual bottom of the candle because

1. some candles are upside down and
2. Some candles have wicks coming out of both ends

 

[burrocrat]

i have a question too, why does sometimes the wick extend beyond the candle in two directions?

does that mean the market is burning it at both ends? because that usually leads to a crash?

 

[Birchtree]

I wouldn't want to miss another 178 point Monday coming our way.

 

[Valkyrie]

my understanding is the following;

the wicks are the high and low points of the day.
the shaded area is the opening and closing points of the day.

 

[burrocrat]

my understanding is the following;

the wicks are the high and low points of the day.
the shaded area is the opening and closing points of the day.

yeah, that's starting to make sense now, thanks valkyrie.

 

[nnuut]

Try this site they know it all and is a great resource of investing knowledge:
http://www.investopedia.com/ask/answers/07/candlestickcolor.asp

 

[jpcavin]

Got it.

Highs/Lows of day is the wick

Opening price is the bottom for an upward candlestick and top for a downward candlestick (the thick vertical line)

The Close of the day is the top for an upward candlestick and the bottom for a downward candlestick (thick vertical line)

Direction is indicated by the color. White or green=up , blue or red=down.

Clear as mud.

 

[jpcavin]

Try this site they know it all and is a great resource of investing knowledge:
http://www.investopedia.com/ask/answers/07/candlestickcolor.asp

nnuut,
I may have been able to find that out a while back had I'd known those things were called candlesticks. :embarrest:

 

[nnuut]

Candlestick analysis is very interesting, search around the site you'll like it!

 

[Bquat]

Like this?
View attachment 10815

Yea, thanks

 

[Bquat]

I am glad this image is big enough so that I can ask the questions that I've been wanting to ask but couldn't see clearly enough.

What do to dark blue and white candles represent? Like, why are they different colors and different sizez? And what does the red line represent? In summary, what does this picture tell me and how do I know that?

Thanks

The blue candles means it closed at the bottom and the white means it closed at the top of that candle. The thin line showes where it retraced back from the high or from the low. The red line at the peaks show the current top of a bearish channel. Sometimes the sellers sell at the top or at least it causes a hesitation there..

 

[Bquat]

Ok guys I was on page two when I was posting. See you got it straight. Thanks Nnuut. Not used to having two pages of replys thanks guys.

 

[Bquat]

Resistance at 1318, 1327 and 1330-32 strong resistance. Building high base good.

 

[KevinD]

Heres another explanation.

http://en.wikipedia.org/wiki/Candlestick_chart

 

[Mcqlives]

Can't break that 1318ish mark...I was hoping for a consolidation day today and not a push to another resistance point. Have to do some weekend research. Still in the S and hoping for the best on Monday!

Have a great weekend!

 

[jpcavin]

Heres another explanation.

http://en.wikipedia.org/wiki/Candlestick_chart

I understand it.

 

[Mcqlives]

Where O' Where is Bquat? What does that ("Bquat") mean by the way?

As for trading...now I am getting nervous again. I always like to be in C/S/I at the start of a month to maximize my trade allowance but I am watching Friday closely. He!!, who am I kidding, I'm sticking in for now!

Take care!

-mcq

 

[Bquat]

Where O' Where is Bquat? What does that ("Bquat") mean by the way?

As for trading...now I am getting nervous again. I always like to be in C/S/I at the start of a month to maximize my trade allowance but I am watching Friday closely. He!!, who am I kidding, I'm sticking in for now!

Take care!

-mcq

Had computer problem and had to work it out. Bquat (QB) old army nickname because of long name. Mc Q lives aka John Wayne?