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Old 05-12-2007, 11:48 PM
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Re: Time based candels V Tick Candles

Thanks for that januson. Do you think you could elaborate a bit more on your findings for the way the stock behaves with the different size tick candles. Eg> Why have you found the 233 tick better than a 23, 55 or 89 for entering?

What I've noticed so far when combining a 233 tick for my main chart, an 89, and a 55 and also a 5 minute chart, that the 233 is my main guideline for entering and i use the 55 and 89 to fine tune my entry. The 5 minute is used as an overall picture for the longer term. For example if my 233 and 5 minute is telling me that we might be going down south I wont enter a trade until both the 89 and 55 ticks have fired of 2 and 3 respectively red candles as a confirmation.

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