Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

GlassOnion

How Long Does It Take You to Analyze Your Chart?

Recommended Posts

Are you asking how long it takes from the start of the analysis to deciding to enter a trade? I'm day trading, so I'm monitoring charts non-stop. As of this moment, I've never stopped wanting and trying to improve my trading charts and trading set up, and maybe that will never end.

 

Are you talking about analyzing charts, deciding on a stock to pick, and then entering a long term trade?

Share this post


Link to post
Share on other sites

Im a day trader too, and I never look at charts during the day. I may note a few key levels before the open, but thats it.

 

Charts simply dont tell you whats going on. A chart is a handicap. Its nothing more than an aggregation of what the buyers & sellers did. Not what they are doing now, and where their pain points are. Utterly useless.

 

I also position trade some stuff. I use a chart a bit more for this as Im more interested in longer term flows - so the aggregation of data that a chart represents may be more meaningful, but I dont spend that long - perhaps 5 mins - just to understand the momentum. I dont use the chart to analyse or decide the trades. thats mostly looking at the numbers against historical data for relationships/ where the edge works. There is no edge in using a chart, as it's too subjective. An edge by its very definition can NEVER be subjective of course. You need an edge to win. So therefore charts are of little value.

 

Of course, if I see a chart that screams reversal, then I may take a punt - but thats quite rare.

 

For my investments, again, I dont really use a chart either. Thats mostly numbers. Maybe a glance to make sure Im not buying in a screaming down trend - Im playing for yield of course when investing. Famous last words....

Share this post


Link to post
Share on other sites

I need more time analysing a stock chart, because i have to take several variables under consideration, in forex charts i spend less time as i am using my trading strategies, so a couple of minutes are enought o make a trading decision

Share this post


Link to post
Share on other sites
Aren't you bored flogging this dead horse?

 

 

nope.

 

;)

 

....because it always amuses me that no one ever seems to be interested in learning or exploring other ways.

 

Everyone seems to rely on charts despite the overwhelming evidence retail traders lose on the whole, and retail traders use charts.

 

Whether it's herd mentality of the fear of doing something different, or indolence is probably the cause.

 

Rest assured, you'll now have a break as I'm off on a short holiday :cool:

Edited by TheDude

Share this post


Link to post
Share on other sites
Im a day trader too, and I never look at charts during the day. I may note a few key levels before the open, but thats it.

 

Charts simply dont tell you whats going on. A chart is a handicap. Its nothing more than an aggregation of what the buyers & sellers did. Not what they are doing now, and where their pain points are. Utterly useless.

 

I also position trade some stuff. I use a chart a bit more for this as Im more interested in longer term flows - so the aggregation of data that a chart represents may be more meaningful, but I dont spend that long - perhaps 5 mins - just to understand the momentum. I dont use the chart to analyse or decide the trades. thats mostly looking at the numbers against historical data for relationships/ where the edge works. There is no edge in using a chart, as it's too subjective. An edge by its very definition can NEVER be subjective of course. You need an edge to win. So therefore charts are of little value.

 

Of course, if I see a chart that screams reversal, then I may take a punt - but thats quite rare.

 

For my investments, again, I dont really use a chart either. Thats mostly numbers. Maybe a glance to make sure Im not buying in a screaming down trend - Im playing for yield of course when investing. Famous last words....

 

I do agree that you must remove subjectivity in order to find tradeable structure that is repetitive in nature, but how are you sure that your key "pain points" aren't subjective as well?

Are you sure that the behaviour of traders found on a chart when studied objectively can't reveal an edge?

All time based charts offer an almost infinite number of possibilities and become nearly impossible to quantify as you are right, they merely show momentum, but nobody said that was the only type of price chart you had to draw conclusions from!

Share this post


Link to post
Share on other sites
How much time do you spend a day or week analyzing your charts?

 

20 years of study and thought so that it only takes 5 mins a day or even less if there is nothing to see.

 

(and for the Dude, yes there are different ways of seeing and doing things as its not what is shown its how you see it that is important. Nice of you to want to save people from themselves :) but i reckon the problem is people are constantly searching for new ways to see things as opposed to learning how to see.

All very zen BS in a never ending roundabout - welcome to Monday, horoscope for the day says sell in May and go away.)

Share this post


Link to post
Share on other sites
nope.

 

;)

 

....because it always amuses me that no one ever seems to be interested in learning or exploring other ways.

 

Besides which, your message isn't really aimed at the likes of TradeRunner, is it?

 

Apart from a couple of dozen cynical and jaded TL members who've been here for years and probably never hear anything they haven't heard before, you never know who's reading . . . Someone who just started trading last week, perhaps . . . whose whole learning path could be positively (or negatively) directed by a post such as this.

 

I'm happy enough to hear the same stuff repeated on the off-chance someone else might benefit.

 

BlueHorseshoe

Share this post


Link to post
Share on other sites
How much time do you spend a day or week analyzing your charts?

 

I'm primarily a full-time futures day trader that works from 9am to 5pm est. I do not stare at the charts all day because charts are just part of my trading plan. I spend a lot of time reading, listening to key market events from around the world via the help of social media to get my "market context" so that I can better understand the price action on my charts.

 

In my typical 8 hour work day, I'm probably trading (entering/exiting trades) about 1 1/2 hours per trading day, 1 hour analyzing charts while not in a trade, 3 1/2 hours gathering market context and about 2 hours doing personal stuff not related to trading (e.g. exercise, eating lunch, resting).

 

Don't misunderstand the above, that's me today. In comparison, 20 years ago, I didn't care about market context although I was aware that it was a big deal for a relative that was a floor trader at that time. Also, I didn't take time-outs from trading, had very little social life and devoted myself to studying charts as a newbie trader. Then again, when you're young...it didn't seem like a big deal to be staring at charts all day looking for trades or investments with a tunnel vision.

 

For me, social media makes trading a lot easier and its basically free.

Edited by wrbtrader

Share this post


Link to post
Share on other sites

indolence is probably the cause

 

TD might be the only one that will get this.

 

Indolence? There are plenty of failed traders that aren't lazy. People that have attained success in other areas and have the absurdly obvious work ethic required for success in any endeavor.

 

It's ironically amusing to speculate about a circle of posters on Traders Laboratory parroting laziness while the odds of other circles mentioning laziness are as astronomically off the wall as anyone within another circle being on a locally ecentric path different from anyone else.

 

Cost of incorrectly blaming laziness as the reason traders fail = insignificant. Other cost = beyond putting a price on but not necessarily bad if your emotional quotient is sufficent to enable your intellect to parse the differences implied by the choice of paths.

Edited by onesmith

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 11th July 2025.   Demand For Gold Rises As Trump Announces Tariffs!   Gold prices rose significantly throughout the week as investors took advantage of the 2.50% lower entry level. Investors also return to the safe-haven asset as the US trade policy continues to escalate. As a result, investors are taking a more dovish tone. The ‘risk-off’ appetite is also something which can be seen within the stock market. The NASDAQ on Thursday took a 0.90% dive within only 30 minutes.   Trade Tensions Escalate President Trump has been teasing with new tariffs throughout the week. However, the tariffs were confirmed on Thursday. A 35% tariff on Canadian imports starting August 1st, along with 50% tariffs on copper and goods from Brazil. Some experts are advising that Brazil has been specifically targeted due to its association with the BRICS.   However, the President has not directly associated the tariffs with BRICS yet. According to President Trump, Brazil is targeting US technology companies and carrying out a ‘witch hunt’against former Brazilian President Jair Bolsonaro, a close ally who is currently facing prosecution for allegedly attempting to overturn the 2022 Brazilian election.   Although Brazil is one of the largest and fastest-growing economies in the Americas, it is not the main concern for investors. Investors are more concerned about Tariffs on Canada. The White House said it will impose a 35% tariff on Canadian imports, effective August 1st, raised from the earlier 25% rate. This covers most goods, with exceptions under USMCA and exemptions for Canadian companies producing within the US.   It is also vital for investors to note that Canada is among the US;’s top 3 trading partners. The increase was justified by Trump citing issues like the trade deficit, Canada’s handling of fentanyl trafficking, and perceived unfair trade practices.   The President is also threatening new measures against the EU. These moves caused US and European stock futures to fall nearly 1%, while the Dollar rose and commodity prices saw small gains. However, the main benefactor was Silver and Gold, which are the two best-performing metals of the day.   How Will The Fed Impact Gold? The FOMC indicated that the number of members warming up to the idea of interest rate cuts is increasing. If the Fed takes a dovish tone, the price of Gold may further rise. In the meantime, the President pushing for a 3% rate cut sparked talk of a more dovish Fed nominee next year and raised worries about future inflation.   Meanwhile, jobless claims dropped for the fourth straight week, coming in better than expected and supporting the view that the labour market remains strong after last week’s solid payroll report. Markets still expect two rate cuts this year, but rate futures show most investors see no change at the next Fed meeting. Gold is expected to finish the week mostly flat.       Gold 15-Minute Chart     If the price of Gold increases above $3,337.50, buy signals are likely to materialise again. However, the price is currently retracing, meaning traders are likely to wait for regained momentum before entering further buy trades. According to HSBC, they expect an average price of $3,215 in 2025 (up from $3,015) and $3,125 in 2026, with projections showing a volatile range between $3,100 and $3,600   Key Takeaway Points: Gold Rises on Safe-Haven Demand. Gold gained as investors reacted to rising trade tensions and market volatility. Canada Tariffs Spark Concern. A 35% tariff on Canadian imports drew attention due to Canada’s key trade role. Fed Dovish Shift Supports Gold. Growing expectations of rate cuts and Trump’s push for a 3% cut boosted the gold outlook. Gold Eyes Breakout Above $3,337.5. Price is consolidating; a move above $3,337.50 could trigger new buy signals. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Back in the early 2000s, Netflix mailed DVDs to subscribers.   It wasn’t sexy—but it was smart. No late fees. No driving to Blockbuster.   People subscribed because they were lazy. Investors bought the stock because they realized everyone else is lazy too.   Those who saw the future in that red envelope? They could’ve caught a 10,000%+ move.   Another story…   Back in the mid-2000s, Amazon launched Prime.   It wasn’t flashy—but it was fast.   Free two-day shipping. No minimums. No hassle.   People subscribed because they were impatient. Investors bought the stock because they realized everyone hates waiting.   Those who saw the future in that speedy little yellow button? They could’ve caught another 10,000%+ move.   Finally…   Back in 2011, Bitcoin was trading under $10.   It wasn’t regulated—but it worked.   No bank. No middleman. Just wallet to wallet.   People used it to send money. Investors bought it because they saw the potential.   Those who saw something glimmering in that strange orange coin? They could’ve caught a 100,000%+ move.   The people who made those calls weren’t fortune tellers. They just noticed something simple before others did.   A better way. A quiet shift. A small edge. An asymmetric bet.   The red envelope fixed late fees. The yellow button fixed waiting. The orange coin gave billions a choice.   Of course, these types of gains are rare. And they happen only once in a blue moon. That’s exactly why it’s important to notice when the conditions start to look familiar.   Not after the move. Not once it's on CNBC. But in the quiet build-up— before the surface breaks.   Enter the Blue Button Please read more here: https://altucherconfidential.com/posts/netflix-amazon-bitcoin-blue  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • What These Attacks Look Like There are several ways you could get hacked. And the threats compound by the day.   Here’s a quick rundown:   Phishing: Fake emails from your “bank.” Click the link, give your password—game over.   Ransomware: Malware that locks your files and demands crypto. Pay up, or it’s gone.   DDoS: Overwhelm a website with traffic until it crashes. Like 10,000 bots blocking the door. Often used by nations.   Man-in-the-Middle: Hackers intercept your messages on public WiFi and read or change them.   Social Engineering: Hackers pose as IT or drop infected USB drives labeled “Payroll.”   You don’t need to be “important” to be a target.   You just need to be online.   What You Can Do (Without Buying a Bunker) You don’t have to be tech-savvy.   You just need to stop being low-hanging fruit.   Here’s how:   Use a YubiKey (physical passkey device) or Authenticator app – Ditch text message 2FA. SIM swaps are real. Hackers often have people on the inside at telecom companies.   Use a password manager (with Yubikey) – One unique password per account. Stop using your dog’s name.   Update your devices – Those annoying updates patch real security holes. Use them.   Back up your files – If ransomware hits, you don’t want your important documents held hostage.   Avoid public WiFi for sensitive stuff – Or use a VPN.   Think before you click – Emails that feel “urgent” are often fake. Go to the websites manually for confirmation.   Consider Starlink in case the internet goes down – I think it’s time for me to make the leap. Don’t Panic. Prepare. (Then Invest.)   I spent an hour in that basement bar reading about cyberattacks—and watching real-world systems fall apart like dominos.   The internet going down used to be an inconvenience. Now, it’s a warning.   Cyberwar isn’t coming. It’s here.   And the next time your internet goes out, it might not just be your router.   Don’t panic. Prepare.   And maybe keep a backup plan in your back pocket. Like a local basement bar with good bourbon—and working WiFi.   As usual, we’re on the lookout for more opportunities in cybersecurity. Stay tuned.   Author: Chris Campbell (AltucherConfidential) Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • DUMBSHELL:  re the automation of corruption ---  200,000 "Science Papers" in academic journal database PubMed may have been AI-generated with errors, hallucinations and false sourcing 
    • Does any crypto exchanges get banned in your country? How's about other as Bybit, Kraken, MEXC, OKX?
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.