What causes one bar to end and another to start other than simply time?
HOW TO DAY TRADE
Note: Both videos part 1 and 2 are included below.
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.
Please enjoy the videos and then leave your comments by clicking on the “Responses” link at the top right corner of this post of filling out the form below if it appears there – I cherish your comments!
[...] 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 [...]
[...] 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 [...]
[...] This post was mentioned on Twitter by Dir Of Grand Rapids, Wayne Helmore. Wayne Helmore said: RT @topdogtrading: How to Day Trade Secret Bar Intervals http://www.howtodaytrade.org/how-to-day-trade-secret-bar-intervals/ [...]
Another great info video.Using any of these will require some more understanding and practise .
Thanks again Dr BB for the service you provide.
Well done Barry. I have been looking for information on the net for information on using the different types of bars. Everyone wants you sign up with them but Barry has done it again, free for all!
What a guy.
Thank you Barry.Extremely insightful,you talk with much practical experience. I have been share-trading for ten years,and lost my feathers and even regained some, to be honest. NEVER knew there were so many types of bars, till your ‘course’ in all my thousands of hours of trading.I was so lucky to have met LarryWilliams (of the Williams indicators),and learned much from him.Like you, he looks at the bars rather than get into analysis paralysis.
But i know ,I must never stop learning.So: thank you so much for your course.In my other past day-time job I still learned after 35 years,so after 10 or so years,I’ll carry on here with pleasure and benefit.
Thank you so much, Harry
Btw. sometimes you got to be lucky also, last month I made 50 %. But yes there were the weeks where I lost thousands
Thank you God.
Thanks, Barry. As a student of your Foundation Courses, I know you give good value. This was great information for those new to trading and trading platforms. And it was FREE.
Thanks Barry, Once again you have explained to us newbie’s some more great foundational information it is much appreciated. Your teaching method is so clear and insightful you are an inspiration to all.
You very much are a Doctor of Trading. Thanks for the education on something I did not know even existed. My only suggestion on improvement would be showing actual video of real time moving bars to get a better flavor of how these work in real trading. I would expect the volume bar is very inconsistent in rate of print versus the minute which would be very consistent.
Great explanation and clarification now all I have to do is work out which is right for me.
Out of interest with each of the different bar types having different strengths & weakness is it possible to use, for arguements sake, minute charts for ones setup and a tick or other chart for setting a stop loss; or is mixing bar types in ones strategy a total no-no.