EnvisionChart

Forex and Futures Training

tick charts

Short Term Trading Video For Intra Day Trading

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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:

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Tick Charts: an in depth video guide

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Why Use Tick Charts In your trading?

In this comparison video between tick charts and time charts, we break down how they are formed. This allows you, as a trader, to understand when to use tick charts in your trading, and how they can give you an edge over some of the standard charting methods.

Key points about tick charts before the video starts:

  1. They are based on trades. They ARE NOT based on how many contracts are traded. This means that a trader who buys/sells 1 contract is treated the same as a trader who trades 100 contracts. This is important to know
  2. Common values are 233T, 466T, and 512T
  3. They can clean up after-hours trading to make your charts look cleaner. This is because they will form less bars when there is less trading happening.

Comparing Tick Charts and Time Charts because they are the most commonly used.

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Bruce Banks Trader And Trainer