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560887577 (November 30, 1999 at 12:00 am)
F-New York - MSG me on MSN. ID is in my profile. C
fadethetrade (November 30, 1999 at 12:00 am)
try the 30second 40 second charts.They work great for me.risk is lowered,profits are taken faster and just put on more contracts.
redletterchurch (November 30, 1999 at 12:00 am)
I use a line chart with simple moving averages combined with tape-reading. But I like the concept of tick charts. I didn't know they existed! Thank-you!
deerwhacker7 (November 30, 1999 at 12:00 am)
Nice comments for the tic charts. I use 200 and 300 tic charts for trade entry and 1000/4000 tic for trend trading Crude Oil on NYMEX. When the market is moving, I hate to wait 2 minutes for a candle to form. Could miss some nice moves on time charts.
TopDogTrading (November 30, 1999 at 12:00 am)
Shtefan - you're absolutely right. The datafeed is absolutely critical and more demanding for tick charts. Some handle it better than others. Best datafeeds I know of for this are Zen Fire, Trading Technologies and Photon-Trader (all execution platforms).
TopDogTrading (November 30, 1999 at 12:00 am)
Shtefan, thanks for visiting and for the question. There are so many - tradestation, esignal, neoticker, ninja trader are just a few that I know of that offer tick charts.
johngo6283 (November 30, 1999 at 12:00 am)
Thanks!
I thought I knew what a tick was, but I guess I did not. Very useful for my trading.
JohnYoga (November 30, 1999 at 12:00 am)
Thank you top dog...I have been trading with 3/5 minute bars, but now will experiment with 200 tick bars because of your stated reasons...
JohnYoga
TopDogTrading (November 30, 1999 at 12:00 am)
I personally prefer the tick charts because volume charts smooth things too much for my liking. By making all the bars perfectly even in measuring volume, you don't see as many extreme candlestick patterns that you get in minute charts or tick charts. For example hammer, hanging man, shooting star, etc.
Those candlestick patterns are helpful and show up more when you don't force the bars to be too smoothed.
ThumperOne (November 30, 1999 at 12:00 am)
Wouldn't Volume charts be even better than tick charts?
And if not, then why not? |
