{"id":22641,"date":"2025-07-29T12:12:04","date_gmt":"2025-07-29T12:12:04","guid":{"rendered":"https:\/\/trading-edge.live\/?page_id=22641"},"modified":"2025-07-29T12:35:40","modified_gmt":"2025-07-29T12:35:40","slug":"things-to-do-before-looking-at-the-chart","status":"publish","type":"page","link":"https:\/\/trading-edge.live\/index.php\/things-to-do-before-looking-at-the-chart\/","title":{"rendered":"Things To Do Before Looking at the Chart"},"content":{"rendered":"\t\t
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These are the truly reliable, no-nonsense storytellers of your trading chart. Unlike their fidgety, still-forming brethren (who are still deciding if they’re going to be a hero or a zero), a closed candlestick has made up its mind. It’s done with its drama for that specific time period. The opening act, the high point, the low point, and crucially, the grand finale (the closing price) are all set in stone. You can trust a closed candlestick; it’s already had its existential crisis and is now ready to share the definitive truth of its trading session, no more surprises!<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Things To Do Before Looking at the Chart<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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Meditate, making sure you have your Trading Checklist, Make sure youre relaxed, Breathing exercises, Relaxing Music<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Have Daily Timeframe or higher, Scan The markets if Price Are near the Key Levels You have drawn your support or resistance at<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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How has the price action behaved at that level. Is there a Price Action Signal at that level? is price over or under the emas on that timeframe?<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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\ud83d\udcb0Quotes:<\/h3>

  • “Enter the trade \u2014 then sit on your hands like a monk!”<\/strong><\/p><\/li>

  • “We don\u2019t click and panic. We click and chill.”<\/strong><\/p><\/li>

  • “Traders who wait, get paid. Traders who fidget\u2026 donate!”<\/strong><\/p><\/li>

  • “We enter the trade, then do absolutely nothing like pros.”<\/strong><\/p><\/li>

  • “Let the market work. You’re not its boss.”<\/strong><\/p><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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    \ud83d\udcb0Normal Tone Slogans:<\/strong><\/h3>

    • “Enter with a plan, then let the trade play out.”<\/strong><\/p><\/li>

    • “The work is in the setup \u2014 the result comes with patience.”<\/strong><\/p><\/li>

    • “We don\u2019t babysit trades. We trust our edge.”<\/strong><\/p><\/li>

    • “Entry is action. Waiting is discipline.”<\/strong><\/p><\/li>

    • “After entry, emotion has no place \u2014 only patience.”<\/strong><\/p><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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      Alright, my fellow chart-gazing comedians and market detectives! You’ve just opened your trading platform, and there it is: a giant spaghetti monster of lines, colors, and what looks like a battlefield of tiny little rectangles. Don’t panic! It’s not a secret code from an alien civilization (usually).<\/p>

      Before you even think about putting your hard-earned euros on the line, here are the FIRST things you eyeball on that chart, just like a seasoned tourist quickly sizing up a crowded Barcelona plaza:<\/b><\/p>

      1. The Overall Trend (Is the Market Happy, Grumpy, or Just Confused?):<\/b><\/p>

        • Why:<\/b> This is like checking the general mood of the party. Are people dancing cheerfully upwards? Are they stomping angrily downwards? Or are they just awkwardly milling about, unsure what to do? You want to join the party that’s already happening, not try to start a polka when everyone’s doing the flamenco.<\/p><\/li>

        • How:<\/b> Squint. See if the price is generally climbing a staircase (uptrend), tumbling down a hill (downtrend), or stuck in a really boring elevator that just goes up and down two floors (sideways\/consolidation). Your “friend” (the trend) will reveal itself.<\/p><\/li><\/ul><\/li>

        • Key Support & Resistance Levels (Where Does the Price Keep Bouncing Off or Getting Rejected?):<\/b><\/p>

          • Why:<\/b> These are the invisible “velvet ropes” and “bouncy castles” of the market. Price repeatedly hits them and either gets launched back or told to wait in line. These are the “Event Areas” we talked about \u2013 where all the drama unfolds!<\/p><\/li>

          • How:<\/b> Look for horizontal lines where the price has repeatedly stopped, reversed, or hesitated in the past. If the price keeps hitting the ceiling and falling back, that’s resistance. If it keeps hitting the floor and bouncing up, that’s support. It’s like finding the exact spot on the dance floor where everyone keeps bumping into each other.<\/p><\/li><\/ul><\/li>

          • Current Price Action \/ Candlestick Patterns (What’s the Latest Gossip from the Candles?):<\/b><\/p>

            • Why:<\/b> Each little candle is like a tiny, opinionated person telling you a story. Are they big, boisterous, and full of conviction (long bodies)? Or are they tiny, timid, and unsure (small bodies)? Are they desperately trying to reach a goal but getting pushed back (long wicks)?<\/p><\/li>

            • How:<\/b> Scan the most recent candles. Are they showing strong moves (big bodies)? Are they getting rejected (long wicks)? Are they hiding inside their parent candle (Inside Bar \u2013 plotting something big!)? Are they faking a move (False Break \u2013 psyche, you fell for it!)? This is where the market’s personality really shines!<\/p><\/li><\/ul><\/li>

            • Volatility (Is the Market Hyperactive or Taking a Siesta?):<\/b><\/p>

              • Why:<\/b> How wide are those candles swinging? Are they tiny, sleepy little things that barely move, indicating the market is taking a nap? Or are they huge, wild swings, like someone just dropped a tray of sangrias and everyone’s yelling?<\/p><\/li>

              • How:<\/b> Look at the average height of the candles. Big candles = wild party. Small candles = library quiet.<\/p><\/li><\/ul><\/li>

              • Volume (How Many People Actually Care About This Move?):<\/b><\/p>

                • Why:<\/b> This is like checking how many people are actually behind<\/i> that price movement. Is that big jump just three enthusiastic individuals, or is the entire population of Barcelona marching in that direction? A price move with high volume is like a mass protest \u2013 much more convincing.<\/p><\/li>

                • How:<\/b> Look at the bars usually at the bottom of your chart. Tall bars mean lots of action. Short bars mean nobody cares.<\/p><\/li><\/ul><\/li><\/ol>

                  By quickly scanning these five hilarious yet crucial elements, you’ll go from chart confusion to market clarity in less time than it takes to order a fresh paella! You’ll know if you should join the dance, wait for the next show, or politely back away before someone spills a drink on you.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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                  \ud83d\udcb0Quotes:<\/h3>

                  • “Enter the trade \u2014 then sit on your hands like a monk!”<\/strong><\/p><\/li>

                  • “We don\u2019t click and panic. We click and chill.”<\/strong><\/p><\/li>

                  • “Traders who wait, get paid. Traders who fidget\u2026 donate!”<\/strong><\/p><\/li>

                  • “We enter the trade, then do absolutely nothing like pros.”<\/strong><\/p><\/li>

                  • “Let the market work. You’re not its boss.”<\/strong><\/p><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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                    \ud83d\udcb0Normal Tone Slogans:<\/strong><\/h3>

                    • “Enter with a plan, then let the trade play out.”<\/strong><\/p><\/li>

                    • “The work is in the setup \u2014 the result comes with patience.”<\/strong><\/p><\/li>

                    • “We don\u2019t babysit trades. We trust our edge.”<\/strong><\/p><\/li>

                    • “Entry is action. Waiting is discipline.”<\/strong><\/p><\/li>

                    • “After entry, emotion has no place \u2014 only patience.”<\/strong><\/p><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

                      \n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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                      \n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

                      https:\/\/www.youtube.com\/watch?v=XHOmBV4js_E These are the truly reliable, no-nonsense storytellers of your trading chart. Unlike their fidgety, still-forming brethren (who are still deciding if they’re going to be a hero or a zero), a closed candlestick has made up its mind. It’s done with its drama for that specific time period. The opening act, the high point, the low point, and crucially, the grand finale (the closing price) are all set in stone. You can trust a closed candlestick; it’s already had its existential crisis and is now ready to share the definitive truth of its trading session, no more surprises! Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. Things To Do Before Looking at the Chart Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. Meditate, making sure you have your Trading Checklist, Make sure youre relaxed, Breathing exercises, Relaxing Music Have Daily Timeframe or higher, Scan The markets if Price Are near the Key Levels You have drawn your support or resistance at How has the price action behaved at that level. Is there a Price Action Signal at that level? is price over or under the emas on that timeframe? \ud83d\udcb0Quotes: “Enter the trade \u2014 then sit on your hands like a monk!” “We don\u2019t click and panic. We click and chill.” “Traders who wait, get paid. Traders who fidget\u2026 donate!” “We enter the trade, then do absolutely nothing like pros.” “Let the market work. You’re not its boss.” \ud83d\udcb0Normal Tone Slogans: “Enter with a plan, then let the trade play out.” “The work is in the setup \u2014 the result comes with patience.” “We don\u2019t babysit trades. We trust our edge.” “Entry is action. Waiting is discipline.” “After entry, emotion has no place \u2014 only patience.” Alright, my fellow chart-gazing comedians and market detectives! You’ve just opened your trading platform, and there it is: a giant spaghetti monster of lines, colors, and what looks like a battlefield of tiny little rectangles. Don’t panic! It’s not a secret code from an alien civilization (usually). Before you even think about putting your hard-earned euros on the line, here are the FIRST things you eyeball on that chart, just like a seasoned tourist quickly sizing up a crowded Barcelona plaza: The Overall Trend (Is the Market Happy, Grumpy, or Just Confused?): Why: This is like checking the general mood of the party. Are people dancing cheerfully upwards? Are they stomping angrily downwards? Or are they just awkwardly milling about, unsure what to do? You want to join the party that’s already happening, not try to start a polka when everyone’s doing the flamenco. How: Squint. See if the price is generally climbing a staircase (uptrend), tumbling down a hill (downtrend), or stuck in a really boring elevator that just goes up and down two floors (sideways\/consolidation). Your “friend” (the trend) will reveal itself. Key Support & Resistance Levels (Where Does the Price Keep Bouncing Off or Getting Rejected?): Why: These are the invisible “velvet ropes” and “bouncy castles” of the market. Price repeatedly hits them and either gets launched back or told to wait in line. These are the “Event Areas” we talked about \u2013 where all the drama unfolds! How: Look for horizontal lines where the price has repeatedly stopped, reversed, or hesitated in the past. If the price keeps hitting the ceiling and falling back, that’s resistance. If it keeps hitting the floor and bouncing up, that’s support. It’s like finding the exact spot on the dance floor where everyone keeps bumping into each other. Current Price Action \/ Candlestick Patterns (What’s the Latest Gossip from the Candles?): Why: Each little candle is like a tiny, opinionated person telling you a story. Are they big, boisterous, and full of conviction (long bodies)? Or are they tiny, timid, and unsure (small bodies)? Are they desperately trying to reach a goal but getting pushed back (long wicks)? How: Scan the most recent candles. Are they showing strong moves (big bodies)? Are they getting rejected (long wicks)? Are they hiding inside their parent candle (Inside Bar \u2013 plotting something big!)? Are they faking a move (False Break \u2013 psyche, you fell for it!)? This is where the market’s personality really shines! Volatility (Is the Market Hyperactive or Taking a Siesta?): Why: How wide are those candles swinging? Are they tiny, sleepy little things that barely move, indicating the market is taking a nap? Or are they huge, wild swings, like someone just dropped a tray of sangrias and everyone’s yelling? How: Look at the average height of the candles. Big candles = wild party. Small candles = library quiet. Volume (How Many People Actually Care About This Move?): Why: This is like checking how many people are actually behind that price movement. Is that big jump just three enthusiastic individuals, or is the entire population of Barcelona marching in that direction? A price move with high volume is like a mass protest \u2013 much more convincing. How: Look at the bars usually at the bottom of your chart. Tall bars mean lots of action. Short bars mean nobody cares. By quickly scanning these five hilarious yet crucial elements, you’ll go from chart confusion to market clarity in less time than it takes to order a fresh paella! You’ll know if you should join the dance, wait for the next show, or politely back away before someone spills a drink on you. \ud83d\udcb0Quotes: “Enter the trade \u2014 then sit on your hands like a monk!” “We don\u2019t click and panic. We click and chill.” “Traders who wait, get paid. Traders who fidget\u2026 donate!” “We enter the trade, then do absolutely nothing like pros.” “Let the market work. You’re not its boss.” \ud83d\udcb0Normal Tone Slogans: “Enter with a plan, then let the trade play out.” “The<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"pmpro_default_level":"","_uag_custom_page_level_css":"","site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"full-width-container","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-22641","page","type-page","status-publish","hentry","pmpro-has-access"],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false},"uagb_author_info":{"display_name":"gabbe112","author_link":"https:\/\/trading-edge.live\/index.php\/author\/gabbe112\/"},"uagb_comment_info":0,"uagb_excerpt":"https:\/\/www.youtube.com\/watch?v=XHOmBV4js_E These are the truly reliable, no-nonsense storytellers of your trading chart. Unlike their fidgety, still-forming brethren (who are still deciding if they’re going to be a hero or a zero), a closed candlestick has made up its mind. It’s done with its drama for that specific time period. The opening act, the high point,…","rttpg_featured_image_url":null,"rttpg_author":{"display_name":"gabbe112","author_link":"https:\/\/trading-edge.live\/index.php\/author\/gabbe112\/"},"rttpg_comment":0,"rttpg_category":null,"rttpg_excerpt":"https:\/\/www.youtube.com\/watch?v=XHOmBV4js_E These are the truly reliable, no-nonsense storytellers of your trading chart. Unlike their fidgety, still-forming brethren (who are still deciding if they’re going to be a hero or a zero), a closed candlestick has made up its mind. It’s done with its drama for that specific time period. The opening act, the high point,…","_links":{"self":[{"href":"https:\/\/trading-edge.live\/index.php\/wp-json\/wp\/v2\/pages\/22641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trading-edge.live\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/trading-edge.live\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/trading-edge.live\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/trading-edge.live\/index.php\/wp-json\/wp\/v2\/comments?post=22641"}],"version-history":[{"count":0,"href":"https:\/\/trading-edge.live\/index.php\/wp-json\/wp\/v2\/pages\/22641\/revisions"}],"wp:attachment":[{"href":"https:\/\/trading-edge.live\/index.php\/wp-json\/wp\/v2\/media?parent=22641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}