One of the decisions you must make when you decide to learn day trading and develop your day trading system, is what type of bar interval you want to use on your charts.
HOW TO DAY TRADE
One of the decisions you must make when you decide to learn day trading and develop your day trading system, is what type of bar interval you want to use on your charts.
Most day trading courses that teach how to day trade, don’t even address this issue. And most day traders assume they are going to use minute-increment bars.
However, the consideration of different types of bars (minute, tick, volume, range, etc.) can make a dramatic difference in the results of your day trading system and should be part of everyone’s trading education, whether you’re a day trader or you employ swing trading.
Technical analysis trading is a visual skill, so rather than write a long article to address this issue, it’s better to provide a mini day trading course on the different types of bar charts in video format.
I offer up these videos which I hope will help you in understanding the different types of bars, and the advantages and disadvantages of each.
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