Day Trading

Short Term Trading Video For Intra Day Trading

Methods For Short Term Trading:

As day traders, we have to make some simple, necessary, decisions before we trade. What market are we going to trade, what trading methods are we using, and what time frame to trade. In this video we focus on two method for traders who are short term trading. Using two different types of charts both Range Charts, and Tick Charts. Both of these chart types go against the traditional Candlestick Charts, but are useful for short term trading. They can clean up the appearance of short term charts by reducing noise in the market while still providing you all of the key information for trading.

Short term trading with Range Charts:

Market Profile Indicators Trading Video

By Bruce Banks

Why trade with Market Profile Indicators?

Market Profile indicators provide you information that is normally hidden when you trade. Market Profile indicators give you the actual price points where trades are being made. This direct level of buying consent therefore shows you where traders are willing to make trades. This works in a two fold way. You can see where big money traders are able to trade, and where there is likely support/resistance in the market.

Why does Volume at Price matter for Market Profile Indicators?

Understanding Candlesticks for Day Traders Video

By Bruce Banks

The basics of understanding candlesticks

The most standard type of charts to trade with are Open High Low Close (OHLC) and Japanese Candlestick charts. There are 5 key aspects to understanding candlesticks compared to OHLC.

They clearly represent the needed information
Less emphasis is put on the wicks or tails of candlestick charts.
OHLC bars are more difficult to read therefore understanding candlesticks are easier in comparison.

4 Key parts to understanding candlesticks

Best Time Frame For Day Trading – Video

By Bruce Banks

The best time frame for day trading is a question that is overlooked by many traders. It defines how you trade and the methods you use to trade. Have a successful trading method in one time frame may not translate to another time frame easily. It would be as if a trader who only works on the 1 minute charts switching to a daily outlook and expecting the same results.

Why choose one set of time frames to trade?

The real answer is that there is no best time frame for day trading. The most important aspect of choosing a time frame for day trading is that you stick with a single set. Swapping between 3 or 5 different time frame sets will not give you good trading results. You may even have a successful trading method, in hand, but swapping time frames is ruining your trading results.

How to choose your own best time frame for day trading?

Breakout Trades and High Volume Trade Spikes Video

By Bruce Banks

Why does the market break out of certain areas on the chart, and how can use these breakout trades? In this video, we analyze how to spot these levels of R&S and how to trade off of them.

High volume trade spikes happen when the market breaks levels of re enforced support and resistance. Active position stop loss levels trigger at this point causing a snowball effect. When you are trading these levels, be mindful of how quickly the market can move. These levels do act as barriers for the market to break, but when they are broken the market can run quickly. This is because they hold not only people who want to trade that direction in the market, but the people with stop losses in place. This causes a two fold increase in buying/selling.

Day Trading

Methods For Short Term Trading:

Short term trading with Range Charts:

Why trade with Market Profile Indicators?

Why does Volume at Price matter for Market Profile Indicators?

The basics of understanding candlesticks

4 Key parts to understanding candlesticks

Why choose one set of time frames to trade?

How to choose your own best time frame for day trading?

Why watch out for these Breakout Trades?

Bruce Banks Trader And Trainer