Video Lesson 3 - Why using the 5 minute chart makes sense | Front-running trades using limit orders

http://DayTradeToWin.com Trading lesson 3 explains why the five minute chart is the best chart to use for daytrading. Tips for traders include front running and why this is so important when using limit orders. Find out more by visiting http://daytradetowin.com/mentorship.php to join the upcoming emini trading event and http://daytradetowin.com/blog/ for more helpful trading secrets and to learn more about how to day trade visit http://daytradetowin.com/how-to-day-trade.php

Comments

1. I just started using the 5 min chart to day trade. Was way to stubborn using the 1 min chart. God damn, so many unecessary and dumb trades ive taken because of the 1 min chart, while the 5 min would show me the best setups. Now ater the first 3 mins of the day I switch to strictly 5 min
2. one tick = 1/4?
3. I'm using Pathfinder Trader from fastbrokers, and I have my chart set at 40 seconds! I want quicker bars. I don't want to even wait 5 minutes for a new bar. I'm also a day trader. I want to get in and out fairly quickly & trail my stop.