TICKS clarification

[januson]

I use MultiCharts from TSSUPPORT.

[strtedat22]

Thanks,

Im a swing trader=hold time: a couple of hours to a few days no more than a week. I make my entry on a 3 minute time frame. I only use DOM, Pivot Points, and RSI. Whats a recommended TICK number for my style of trading?

Thanks,
strtedat22

[strtedat22]

	Quote:	strtedat22
	Thanks, Im a swing trader=hold time: a couple of hours to a few days no more than a week. I make my entry on a 3 minute time frame. I only use DOM, Pivot Points, and RSI. Whats a recommended TICK number for my style of trading? Thanks, strtedat22

I'll scalp if the above conditions are met along with swing trading.

[LS_Chad]

Here is a good breakdown of various periodicities, including tickbar:

https://www.linnsoft.com/tutorials/periodicities.htm

[SunTrader]

Really depends on the market traded and what size movement are are trying to capture. In other words its more personal choice.

Popular sizes are fib based 89, 144, 233 and 610 mostly.

[strtedat22]

	Quote:	SunTrader
	Really depends on the market traded and what size movement are are trying to capture. In other words its more personal choice. Popular sizes are fib based 89, 144, 233 and 610 mostly.

with those numbers that you just provided, which are best for a scalper/swing/longer etc???

Thanks,
strtedat22

[strtedat22]

	Quote:	LS_Chad
	Here is a good breakdown of various periodicities, including tickbar: https://www.linnsoft.com/tutorials/periodicities.htm

holy crap...good stuff LS

Thanks

[SunTrader]

Again it depends on the market and personal choice really, but generally a 50 tick or 89 tick bar would be used for scalping. And to gauge the longer trend during the day 610 ticks probably. I wouldn't think tick charts would be very effective for anything over a 1-3 days as far as swing trading and would use 610 for that.

[strtedat22]

	Quote:	SunTrader
	Again it depends on the market and personal choice really, but generally a 50 tick or 89 tick bar would be used for scalping. And to gauge the longer trend during the day 610 ticks probably. I wouldn't think tick charts would be very effective for anything over a 1-3 days as far as swing trading and would use 610 for that.

thanks for the info Sun and everyone else