Price bar charts paint a graphic picture of a stock's price movements both during the day with the 5 minute bars, and longer term with the daily bars. The picture unfolds snowing short and long term supply and demand and how it has moved the stock's price. This helps pinpoint specific areas of buying or selling pressure as they develop.

The bar charts alert you to this „at a glance“ when the bars trade into a tight range that hugs up or down against a certain price (usually the day's current high or low). This consolidation creates a price „compression“ point where pressure builds and is finally released when the price level that held the stock is penetrated. Often this penetration is a the beginning of an intraday trend. By monitoring different stock charts throughout the day, a trader can quickly identify these pattern setups. Since the trader knows which stocks are currently setting up for a potential move, he or she has the edge of catching the beginning of a good trade. The advantages of using a daily bar chart in conjunction with the 5 minute bar chart are covered throughout the manual. Using the 5 minute bar chart in particular gives you an edge over other market participants in 3 ways:

1. It allows you to follow a larger number of stocks, because all it lakes is a quick glance at the chart to see if a trade is setting up. With more stocks on your ticker, more trading opportunities are uncovered and therefore more potential profits are available.
2. The specific price bar setups in the manual make sure you are entering the stock at f he beginning of the initial move leading to a higher success rate per trade and a larger average profit per trade
3. Since these price pattern setups reflect compression built up against the day's current high or low. the breakout is a very high-odds trade. The success rate of the stock's direction far exceeds the random movements („noise“) back and forth in price throughout most of the day.

Without charts you are only looking at a snapshot of price in time. So much more can be seen with charts to give you an edge. Trading without charts is like flying blind!