I receive this question a lot: "What's the best interval for day trading charts?" In today's video I not only answer that, but give, what may be to some, a very surprising answer: Don't use intervals of ANY minutes!
Tags: Best, Charts, Interval, Minutes., Trading, Zero
Tick charts!
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check my channel for video's about daytrading and trade like me in forex (EUR/USD, CAD/JPY etc.), stocks (coca-cola, phillips etc.), commodities (gold, silver, oil etc.) and indices (Nasdaq, Nikkei etc.
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misleading information, what you guyes need to take into considiration that tick bars often moves very very fast... so sometime in a period of couple of seconds serverl bars are build, espicaly for low amount of ticks needed i.e 200 ticks. so take it under considiration... you are warned!
The author of this video mentioned using TICK charts but I am told different Data providers do not provide proper TICK data. I use (IB) interactive brokers and was told they are bad for TICK chart data. Does any one know. Also,I am curious why he uses 200 ticks for his time frame. Please do not comment unless you make sense. Thanks
Hey if anybody is interested I have an online Oil Trading Room at my website.
David
i must disagree im a day trader and i pull 3%~10% weekly with max drw down -4%(I have been trading for 3 years). Ofcourse i trade 1:5, 1 hr charts move for the whole day@kebl0826
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your an idiot. you have no idea what your talking about. my colleague generated 2.5m TRADING the markets these past 6 months so take your piker ass and read another warren buffet book. and btw the markets HFT is based on tech analysis and so charts are more so important today then they ever were. there are no rich daytraders, no. there are those who overcome the adverse and then there's you.
I disagree. The best interval for trading US equities is the weekly chart but thats for me and not you. If you want to make money and want to learn listen to Barry. Good Luck and take care.
Nice Post mate
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Daytrademillionaire
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actually friend it is a lot easier than it looks. it's just that Wall Street thugs hope you think it's difficult.
good luck, and by the way luck has nothing to do with the trade
I couldn't agree more. Day Trading sucks! 99% of day traders are losers
"Investing is about investing in a solid business."
Like Lehman Bros., Citibank, GM, Enron, Fannie and Freddie and the very solid Bernie Madoff. Fundamentals--schmundamentals.
Hillarious. While all you moronic chart looking, day tradering, waste of useless time daytraders are in and out of markets like morphine addicts, I bought the most boring stock on the stock exchange in 6 months ago, scotts miracle grow (SMG) and more than doubled my money. I bought 2 stocks with my whole account, WYNN and SMG when the market collapsed, and my account is up 130%. I made about 350 grand. So how much have you day traders made?? You guys are wasting your time.
Dont all of you idiots understand that charts are pretty much useless. Even if they worked slightly, or even more than slightly, after all the commissions you pay and short term cap gains taxes(if you have any) your back to square one. Investing is about investing in a solid business. Charts are totally useless because even if you are right, psychologically people always shake out even though their stop isnt hit. Its useless. There are no rich daytraders. Wake up people.
Thanks for sharing this with us--do you ever use minute charts or strictly ticks?
Outstanding! I'm making so much more money in tight trading ranges.
I think 8 & 13 moving avrage interception and 50 moving avrage and 50 exp. Avrage interception would be ideal for day trading (with MACD indicator)
I like your blog very good article,thank you for share