charts preferred by day traders

Discussion in 'Risk Management' started by konviction, Mar 4, 2010.

What charts do you like to use when day trading?

  1. Tick charts

    5 vote(s)
  2. 1min - 4min

    6 vote(s)
  3. 5min +

    10 vote(s)
  1. what charts do you use?

    From watching price action, it seems that tick bars do a better job of showing true price action, because it only will move, as price moves, where as time bars print regardless.

    However the problem is, unless youre trading a high volume stock of say 2mill daily vol, you wont get many prints...
    so I guess it boils down to traders who trade stocks on volume or not.
  2. no love for range bars? or renko?
  3. Trade entry is off of a 30sec chart.

    I also watch a 1min, 5min, 15min and 30min+ for the various sup/res levels. Nothing complicated, just old fashioned S/R trading.