Which is your preferred charting method for trading?

Which is your preferred charting method for trading?

  • Line Charts

    Votes: 20 6.3%
  • Bar Charts

    Votes: 67 21.2%
  • Candlestick Charts

    Votes: 195 61.7%
  • Candlevolume Charts

    Votes: 2 0.6%
  • Volume Charts

    Votes: 5 1.6%
  • Point and Figure (PNF) Charts

    Votes: 14 4.4%
  • Equivolume Charts

    Votes: 1 0.3%
  • Kagi Charts

    Votes: 1 0.3%
  • Renko Charts

    Votes: 3 0.9%
  • Three Link Break Charts

    Votes: 4 1.3%
  • Other (Please specify in thread)

    Votes: 4 1.3%

  • Total voters
    316

Sharky

Admin
5,637 427
A poll that seeks to determine which are the most popular types of charts to trade with.

- Do you have a favourite type of chart, and if so why?
- How important is the type of chart to your trading?
- What are the advantages/disadvantages of the charting method you use?
- Are there particular circumstances you would choose to use one method in favour of another?
 

oatman

Senior member
2,879 22
can somebody tell me a simple charting programme for daytrading the FTSE100 index.?
Have a look in Software and DataFeeds.
IB and Sierra are a popular/inexpensive combination.
 

vince1

Newbie
2 0
Market Profile

I found trading was difficult emotionally, unless you have great confidence in your technical tools.

I found I did not have confidence in my technical indicators when it came to put money on the table. Is it the right parameter? The right time frame? Will it work this time?

Same outcome with my next passion: wave count. Is it the right one?

I finally found confidence in the Market Profile tool. This way you really focus on listening to the market. IMO a good first step towards professional trading.

Not the only one, though. Marty Schwartz did so well with oscillators, EMAs and bands - and Paul Tudor Jones with Elliott waves ;)
 

JTrader

Guest
5,741 506
I prefer candestick charts to bar charts because I can quickly recognise what is happening within a time period (say 5 minutes) - whether the price is, or whether the price has closed the period within a candle higher or lower than when the candle opened. Also, colour filled candles make for a more interesting looking chart!

There is also the potential to learn how to recognise the many candlestick patterns and their possible implications.
 

Salty Gibbon

Experienced member
1,535 6
I have just recently changed from using bar charts to candlestick charts and I must admit that the whole picture somehow looks much clearer and more vivid. It seems like the candles are telling a story in a way that the bars cannot. It is probably akin to the difference between a text and an illustrated text, and I have to say that I do like pictures.

It took me a couple of days to get tuned in to what I was seeing but yes, yes, yes - candlestick charts are now for me and when I flick back to bar charts I wonder how I managed with them for so long.

Can anyone recommend a good , comprehensive but concise text on candlestick charting ? It must be concise in order to keep my attention and stop me from getting bored and falling into a coma before I reach the end. I am just not into 500 page text books.
 

Salty Gibbon

Experienced member
1,535 6
I finally got that book Tony.

Absolutely excellent. Brief, concise and right to the point. No padding at all and capable of being read very quickly indeed. Just what I needed.
 
 
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