Spiking
Burning your account in volatile lower time frames?In this very first video I'm posting, I look at the 30 min time frame where some day traders tend to trade. I show 6 charts with high volatility and lots of spiking all over the place.
Yes there may be some visible and tradable pattern in these on careful analysis. However, the degree of volatility seen over the last two months may not 'respect' traditional forms of technical analysis - as they may have in the previous 6 months.
It is my observation that the last two months have shown more volatility across many forex pairs and indices. Those that were already prone to much volatility are even more volatile.
I don't mean to tell traders what to do or not do. I'm only thinking that new traders especially, with smaller account sizes may be more cautious so as not to burn their accounts. Avoid gambling.
Do not expect GPRO to continue highs for too longNASDAQ: GPRO saw a massive jump on last Friday and Monday. However, I would expect the stock to level back out at around 14.14, or lower. Due to the fact that GPRO has achieved passed its resistance level. In such case I would hold off with selling or buying and waiting until the next spike which will probably be within the next month or so. Also I would watch this stock around the holiday season. Good luck!
