Trading using 110 Tick and 440 tick charts
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Thread: Trading using 110 Tick and 440 tick charts

  1. #1
    I wanted to know if any traders are using 110 tick, 440 tick charts to trade. I want to learn how the commerce based on 110 tick, 440 tick charts shall be handled based on higher time frame.

  2. #2
    Are you currently currently using other or MT4 platforms?

  3. #3

  4. #4
    Quote Originally Posted by ;
    using NinjaTraders
    There truly is a way to improve in your trade by using multi time period analysis. You could try prime number of time frames using filters to the macdbb entries.
    I had been hoping we could work with this and hopefully come up with a useful system for the two of us.
    Cheers.

  5. #5
    Quote Originally Posted by ;
    utilizing NinjaTraders
    Hello Ajanjua, Kindly share your ninja indiors.
    Thanks in advance.

  6. #6
    Here's a http://beathespread.com/blog/view/36...3-or-233-ticks together with a few hypothesis for tick charts trading.

    My question is if the support and resistance shaped by tick charts would be the same matter as the support and resistance shaped by normal charts.

    My possible answer is not necessarily.

  7. #7
    Quote Originally Posted by ;
    I wanted to know whether any traders are utilizing 110 tick, 440 tick charts to exchange. I need to learn how the trade based on 110 tick, 440 tick charts shall be managed based on greater time period.
    I do not exchange on tick charts simply because most Foreign Exchange trading platforms do not support tick chart. For OTC instrument, trade volume isn't determine which may explains why tick charts aren't normally support on Foreign Exchange trading platform. Please note that my opinions are based on my understanding that is academic only.

    Tick charts (based on number of ticks per bar and volume of the instrument traded) tends to become more 'leading' than time-based chart in terms of highlighting the price action volume momentum. In the event the number of ticks per bar is set low and the loudness of the instrument traded is high, then you'd be witnessing the volatility like a decrease timeframe chart. Vice versa. Since tick chart will be more 'leading', it pays to also refer to the greater timeframe for confirmation and consistency. For instance, you may just want to decide on an entry sign in tick chart that is consistent to the greater timeframe trend if you're trend following. You probably receive a far earlier trade entry in the tick chart and you want to be sure it isn't a false 'fracture'.

    I do not know if the above answers your query.

  8. #8
    Quote Originally Posted by ;
    Here is a http://beathespread.com/blog/view/36...3-or-233-ticks with a few hypothesis for tick charts trading.

    My query is if the service and resistance formed by tick charts would be the same thing as the service and resistance formed by regular charts.

    My possible answer is not necessarily.
    Slightly complied to explain. But I could try.

    For exchange-regulated instrument, the lowest service price and the maximum resistance price formed by tick charts _will_ be the same as the lowest service price and maximum resistance price formed by a normal time-based chart for a determined interval under consideration. All of the apparent support and resistence levels in between the lowest support and maximum resistance may differ. It'll differs between two tick charts with different tick setting.

    For OTC instrument such as Foreign Exchange, it may not seem the same as there are 'discrepency' in price for motives such as broker's spreads and business model. Tick charts with identical tick configurations may even seem differently among different brokers since Foreign Exchange transaction volume is not determined.

  9. #9
    Quote Originally Posted by ;
    quote I do not trade on tick charts simply because many forex trading platforms do not support tick chart. For OTC tool, trade volume isn't ascertain and that may explains why tick charts aren't normally support on forex trading platform. Please note that my comments are based on my academic understanding only. Tick charts (determined by number of ticks per bar and volume of the instrument exchanged) tends to be 'leading' than time-based chart in terms of highlighting the price action volume momentum. If the number of ticks per bar is put...
    hmm got me thinking for awhile

  10. #10
    To grow my origional article I have begun trading recently about 3 months back before going to tick charts I used to exchange on 15 min and 1 hour chart. I lost transactions and got stopped out. Ever since that time I have shifted to 110 tick and 440 tick and handled 27 consecutive wins. Fantastic number nevertheless 1 issue my profits were modest. I use MACD BB indior with triggers that are smaller and large to get in transactions. I need to maximize my profits perhaps 8-12 pips per trade.

    Current Strategy:

    1. Assess if little triggers are closing in up direction on 110 chart(buy sign)
    2. Assess if macdbb breaks from BB in up direction on 110 chart(buy sign)
    3. For further confirmation if 440 tick chart breaks from BB in up direction its a support trade(buy) dont even require a stop loss for a lot of time becz from my 27 transactions I was in market just for average of two mins
    4. Viceversa for selling

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