That's because you have a 1hr chart
Shorten the time frame & you will get a different price crossing through your pivot point as you get a lot more data to analyse
1hr chart you get 7.33 (that didn't cross until today but much safer than the shorter time frames)
15min chart you get 7.12 (crossed yesterday)
5min chart you get 7.06 (unfortunately the shorter the time frame you end up with too many false positives & may need to trade more often)
It may have crossed that line on previous days on the shorter time frame charts but it never held above the line afterwards
Depending on how many trades you plan on executing, choose the chart that you're comfortable reading & understanding
If you only plan on investing & don't care about trading, then who cares whether it's 7.12 or 7.30
Unfortunately we dont have time to go through every single analytical tool I use
Basic summary is if it trades above the pivot point it's a good thing
You will never guess the exact bottom or top
So just accumulate over time for safety (or just go all in, YOLO)
Did any of that make sense?
Or should I not be typing this up this late at night?
Haha
- Forums
- ASX - By Stock
- Share Price
That's because you have a 1hr chartShorten the time frame &...
- There are more pages in this discussion • 92 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AEF (ASX) to my watchlist
(20min delay)
|
|||||
Last
$4.93 |
Change
-0.020(0.40%) |
Mkt cap ! $556.0M |
Open | High | Low | Value | Volume |
$4.95 | $5.01 | $4.82 | $893.7K | 180.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 562 | $4.91 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.97 | 562 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 562 | 4.910 |
1 | 562 | 4.900 |
1 | 562 | 4.890 |
1 | 19691 | 4.800 |
1 | 208 | 4.790 |
Price($) | Vol. | No. |
---|---|---|
4.970 | 562 | 2 |
4.980 | 562 | 1 |
4.990 | 562 | 1 |
5.000 | 5000 | 1 |
5.010 | 5254 | 1 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
|
|||||
Last
$4.94 |
  |
Change
-0.020 ( 0.95 %) |
|||
Open | High | Low | Volume | ||
$4.87 | $5.02 | $4.82 | 39523 | ||
Last updated 15.59pm 28/03/2024 ? |
Featured News
AEF (ASX) Chart |
The Watchlist
BGD
BARTON GOLD HOLDINGS LIMITED
Alex Scanlon, Managing Director & CEO
Alex Scanlon
Managing Director & CEO
SPONSORED BY The Market Online