TICKS clarification

[strtedat22]

hello,

can anyone explain the difference between tick numbers????...example: 610, 210 tick charts...

thanks

[namstrader]

I believe that it is just the difference of issues that are up vs. the issues down at that moment. So a 610 tick reading means more issues up ticking than at a level of 210 and a more upward bias in the market sentiment or market internals.

[Soultrader]

	Quote:	strtedat22
	hello, can anyone explain the difference between tick numbers????...example: 610, 210 tick charts... thanks

Hi,

TICK charts are just the number of transactions per bar. So a 610 tick chart plots one price bar per 610 transactions whether each transaction is for 100 lot or 1 lot.

I think nams was thinking of the NYSE TICK chart.

[namstrader]

Yep, sorry for the wrong reply. Bar charts vs tick charts, I am more a tick chart kind of guy and impetuous with my responses, quick on the trigger with trades also and learning to hold rather than grasp.

[thrunner]

	Quote:	strtedat22
	.example: 610, 210 tick charts...

It is a matter of preference. Some traders believe their indicator or candlestick analysis has an edge in certain time frame/ tick/ volume bar charts such that they can see details better/faster than other traders. It all depends on the style of trading. Some trend traders for example would rather not see the noisy minute details of a tick chart used by a scalp trader and instead prefer a longer time span to see the longer trend.

[SunTrader]

Ticks charts take the time equation out of the picture. A 610 tick on the ES mini S&P covering the overnight globex session may have between a few to maybe a dozen price bars - the timeframe being twice as long as the day session itself. Then during the day session there is generally 200-400 bars.

[strtedat22]

	Quote:	SunTrader
	Ticks charts take the time equation out of the picture. A 610 tick on the ES mini S&P covering the overnight globex session may have between a few to maybe a dozen price bars - the timeframe being twice as long as the day session itself. Then during the day session there is generally 200-400 bars.

since it takes the time out of the equation how is it an edge over a person using candles???

Thanks for the other replies guys/girls

[SunTrader]

	Quote:	strtedat22
	since it takes the time out of the equation how is it an edge over a person using candles??? Thanks for the other replies guys/girls

Ticks determine the size of the bar, not the shape. In-other-words a 610 tick (or any other number) bar can be a either OHLC bar or Candlestick. Doesn't matter.

[januson]

I use both tick charts, seconds, minutes and day charts.

My main attention goes to 540 seconds, if that looks ok, I determine my entry point from a tick chart. The minute chart I use 53 min as resolution, which give me an excellent overall view of the main trend. I use the day chart to indicate what kind of trade I should primarily take, short or long.

I would also like to mention that different resolutions, sure gives different candlesticks and thereby also different patterns. So allways remember to use different charts to be sure of whats going on

oopss.. forgot to mention that a tick actually is a trade, either to buy or sell side. Don't confuse a tick with a quote

[SunTrader]

	Quote:	januson
	I use both tick charts, seconds, minutes and day charts. My main attention goes to 540 seconds, if that looks ok,

What platform allows for seconds? Realizing 540 seconds = 9 minutes of course.