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  • Question??

     CrayonMuncher updated 1 year, 4 months ago 3 Members · 5 Posts
    AMC
  • GorillaWarfare

    Member
    May 20, 2021 at 10:25 am

    What’s going on with the 8am green candle this morning with AMC? New to the game (trading since October 2020) and still learning.

  • Curunir

    Member
    May 20, 2021 at 1:11 pm

    It takes comparatively small amounts of action to create big candle moves after hours.

    Look at the volume at the bottom. You can barely even see it in scale to what’s happening during the day. This is why you hear Matt, Trey, ReviewDork and others say to not worry about AH movement. It’s sometimes just used for psychological warfare to set the tone for the morning.

  • GorillaWarfare

    Member
    May 20, 2021 at 2:28 pm

    Thanks man, I do appreciate the info. It just seems odd that the green candle was going down and not up?

  • Curunir

    Member
    May 20, 2021 at 2:37 pm

    From my understanding…

    A candle shows the range of a period of trade.
    If that time period ends higher than it started then it will be green. If it ends lower than it started it will be red.

    Say the period starts at $11.50. Some people sell and it drops to $11.25. Then people love the dip and buy it until it spikes to $11.75. It finally settles around $11.60.

    The candle will be green ( ended high ) and have a top of $11.75 and a bottom of $11.25.

    There’s more to it than just that and I over simplified a little. There are a number of videos on YT that cover it better.

  • CrayonMuncher

    Member
    May 21, 2021 at 12:44 am

    Not saying this is the answer but……

    The other week I came across a podcast on YT called “Confessions of a Market Maker” where one of the hosts is an ex-market maker from the 90’s. J.J. who goes by the name vwaptrader1 talked all about how he personally manipulated markets and made fat stacks for himself and his clients. It was crazy and changes the way you look at markets, especially when you know what their tactics are, when they use them, and how. Highly recommend.

    https://www.youtube.com/channel/UCAkEaTZXiMMXKrYqwM6dZ5A

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