Chart Types

OHLC Charts VS Candlestick Charts Video

OHLC charts VS Candlestick Charts

These are two of the most popular ways of displaying data on our charts. They both display the high, open, low, and close of each bar. This means that the information that they display is identical, and it is purely stylistic choice between OHLC charts and Candlestick charts.

Are OHLC charts better than Candlestick charts?

OHLC charts display the information on the chart in a very simplistic manner. This means that, with the way we view them, they put near equal weight on the lows of each bar.

This can be good or bad depending on your own trading style. If you consider the wicks or the tails of the OHLC bars to be less important (a common method when trading candlesticks) reading the OHLC charts becomes more difficult. Without the emphasis of the difference between the open and close, OHLC charts tend to be less visual.

Short Term Trading Video For Intra Day Trading

By Bruce Banks

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:

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

Renko Chart Trading VS Range Chart Trading

By Bruce Banks

When you are choosing a trading method often a simple but important choice is the very type of chart. This can range from time based, tick, range, and Renko to name the most popular. In this video, and article we will focus on the Renko Chart trading vs Range chart trading. Both of these use solid bars therefore look similar. The way they present the data that you get is entirely different.

Chart Types

OHLC charts VS Candlestick Charts

Are OHLC charts better than Candlestick charts?

Methods For Short Term Trading:

Short term trading with Range Charts:

The basics of understanding candlesticks

4 Key parts to understanding candlesticks

Bruce Banks Trader And Trainer