The most important to grasp in day trading is the open. That means the first price of the day at 9.30 am. Whatever is above the open will be green candlestick for the day. Below the open will be red candlestick. Although this technique is so obvious, but you need years to grasp it. Things change very quickly and if you do not adapt quickly you lose almost all your trades. That’s checking what is going on after that is good thing to do.
Another important thing to check is yesterdays day. As you might know the succession of candlesticks as days will be in your advantage. So, the day that you trade is always linked to the previous one. for example most of the time when a day begin higher than yesterdays close that means probability is the day will be green. If lower if can be red.
So, the open is always a good thing to start with because it is the most important price. .
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