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⏳ Chapters
0:00 Introduction to Chart Types
1:05 Understanding One Minute Charts
2:15 How Range Charts Work
3:45 Comparing Time vs Distance
5:20 Trading in Slow vs Fast Markets
6:50 Using Both Charts Together
7:58 Conclusion
Time Chart vs Range Chart — which one should you use for day trading?
In this video, I explain the key differences between a 1-minute time chart and a 10-range chart using the DayTradeToWin trading software on the E-mini S&P and Micro E-mini markets.
A time chart creates a new candle based on time. On a 1-minute chart, a new candle begins every 60 seconds regardless of how far price moves.
A range chart works differently. Each candle represents a fixed amount of price movement. In this example, I use a 10-range chart, which represents 10 ticks or 2.5 points on the E-mini S&P and Micro E-mini S&P.
You’ll learn:
• How time charts and range charts build candles differently
• Why time does not determine when a new range candle forms
• Why range charts can make market movement easier to see
• What happens when volatility increases
• Why range charts can become difficult when candles move too quickly
• How slow markets appear differently on time charts versus range charts
• How support and resistance can look different on each chart
• How I use the Trade Scalper and Sonic System on both chart types
• How you can use time and range charts together
There isn’t necessarily one chart type that is always better. The important question is whether the market is moving at a speed and distance that gives you enough time to understand the setup and make a trading decision.
👉 Visit DayTradeToWin.com to create a free member account and learn more about our price action trading software for NinjaTrader and TradingView.
DayTradeToWin trading software is available for NinjaTrader and TradingView.
At DayTradeToWin, our approach focuses primarily on understanding price movement and price action rather than filling the chart with moving averages, MACD, momentum indicators and crossovers.
Learn more about our price action trading methods and trading software for NinjaTrader and TradingView at DayTradeToWin.com.
Compatible with both NinjaTrader and TradingView.
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Whether you’re trading a funded prop firm account using the NASDAQ futures, NinjaTrader, or TradingView, these principles can help you improve your entries, exits, and overall trade management.
About DayTradeToWin:
DayTradeToWin provides professional trading education focused on rule-based, non-predictive strategies for futures markets. Our approach emphasizes confirmation, risk management, and trader discipline using tools like the Sonic System, Trade Scalper, and Atlas Line.
#DayTrading #RangeChart #NinjaTrader #PriceActionTrading #FuturesTrading
*THE LINKS IN THIS DESCRIPTION ARE AFFILIATE LINKS. I DO BENEFIT FINANCIALLY WHEN YOU CLICK THESE LINKS AND SIGN UP WITH PARTNERS. THIS IS NOT FINANCIAL ADVICE. NEVER INVEST MORE THAN YOU’RE WILLING TO LOSE. DAY TRADING IS VERY DIFFICULT, AND THE PERFORMANCE SHOWN HERE ON YOUTUBE DOES NOT PORTRAY COMMON RESULTS.
None of the information contained herein constitutes a recommendation, promotion, offer, or solicitation of an offer to buy, sell or hold any security, financial product or instrument or to engage in any specific investment strategy. Investment involves risks. Investors should obtain their own independent financial advice and understand the risks associated with investment products and services before making investment decisions.