TopDogTrading asked:
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I receive this question a lot: “What’s the best interval for day trading charts?” In today’s video I not only answer that, but give, what may be to some, a very surprising answer: Don’t use intervals of ANY minutes!
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Tags: Day Trading, Intervals, Lot
November 12th, 2008 at 2:41 am
terrific video - took me a couple months to figure some of that out for myself
November 17th, 2008 at 7:21 am
.25 on es = $12.50
November 18th, 2008 at 9:17 pm
man… where do you get the $12.50/tick from??
from what i can see… each tick is $0.25
November 21st, 2008 at 8:38 am
Minute Charts, Volume Charts, Tick Charts,,, most trader’s test/and use to many chart… for an inadequate period to know the “best” time in a chart. SEE MY VIDEO
November 23rd, 2008 at 9:49 am
check out my vid on making money using bux3, im not gnna make summat up u gtta work but u get rewards trust me!! gr8 if ur a teenager like me and jus wanna make money arwnd skwl time!!
November 23rd, 2008 at 7:47 pm
F-New York - MSG me on MSN. ID is in my profile. C
November 23rd, 2008 at 8:14 pm
try the 30second 40 second charts.They work great for me.risk is lowered,profits are taken faster and just put on more contracts.
November 24th, 2008 at 7:55 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!
November 25th, 2008 at 2:44 pm
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 **** to wait 2 minutes for a candle to form. Could miss some nice moves on time charts.
November 26th, 2008 at 10:52 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).
November 27th, 2008 at 9:30 pm
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.
November 28th, 2008 at 7:48 am
Thanks!
I thought I knew what a tick was, but I guess I did not. Very useful for my trading.
November 29th, 2008 at 11:04 pm
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
December 1st, 2008 at 12:06 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.
December 2nd, 2008 at 11:46 am
Wouldn’t Volume charts be even better than tick charts?
And if not, then why not?