Traders Laboratory - View Single Post - Time based candels V Tick Candles
View Single Post
  #3 (permalink)  
Old 05-09-2007, 05:15 PM
marketpilot marketpilot is offline
marketpilot has no status.

 
Join Date: Jan 2007
Posts: 1
Thanks: 0
Thanked 0 Times in 0 Posts
Re: Time based candels V Tick Candles

I primarily trade the ES where I like a 233 Tick chart as well.

I like to see more candles when the action heats up and there are more trades going on. Likewise, when things start to crawl, I feel the Tick chart gives a better view of the price action where a time chart stretches things out too much for me.

I also like to see the over night action. While I would not trade the after hours with that slow of a Tick chart, I do like how the Tick chart condenses the after hours price action. Much easier to look for possible areas of support of resistance. (When there is good over night action)

I'm also starting to lean towards a Volume based chart. Just another way to slice up the Tick data. I'm playing with a 1000 Volume chart in the ES. It is usually faster than the 233 Tick. But it kicks out more candles when the bigger volume players come in to trade. I feel I can see moves sooner in the volume chart than the Tick chart.

Find what makes sense to you, helps you make trades and use that.

Trade Wise, Trade Well
John

Reply With Quote