Intrabar Execution Tools by Suri Duddella
These two intrabar indicators can help discretionary
traders make the right trading decisions.
One of the most misunderstood or ignored
concept in trading is time. Most traders
concentrate on price- or volume-based
indicators, but in discretionary trading, execution time (that is, entry/exits) is the single most
important factor for the success or failure of a trader.
Discretionary traders can use very good momentum
and pattern-based techniques with intrabar setups, but
intrabar execution always seems to be a problem
because the time factor is ignored.
Trading intrabar volatility is why many traders lose
money but why many seasoned traders make money.
Here are two intraday indicators, one that shows the
current bar strength with its reliance on current elapsed
time (inside bar), and one that shows the bar time
indicator and its mechanics. These tools will help
discretionary traders make the right decisions.
CHARTING TIME FRAMES
Most scalp/daytraders use either tick charts (89, 233,
or 610 ticks) or minute charts (five, 15, or 30 minutes).
I know some claim to be trading 15 seconds, 30
seconds, or two-, 10-, or 50-tick charts. More power
to them, but I know I canít trade anything below fiveminute
charts or 610-tick charts on emini Russell
2000 (ER2) contracts or a 233-tick chart on Dow