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Old 05-10-2007, 01:48 AM
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Re: Time based candels V Tick Candles

Thanks for the responses. Another reason I posted this up was the psychological factor specifically boredom. On days where the price doesnt move much of a certain boundary, a time based candle chart is excruciating to watch in my personal oppinion. Nothing worse than see a skinny candle repeatedly.

Last night i found that I was more comfortable with a 233, 55 and 89 tick chart up as the timing of my entry was much more solid than with the time based chart. The 233 helped me see the bigger moves and the 55 and 89 helped me fine tune the entry. I'm pretty sure 55 and 89 are all fib numbers as well.

We'll see how it goes again tonight.

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