Why You Should Be Using Tick Charts in Futures Day Trading
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- Опубліковано 13 гру 2022
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Hey traders. I've just launched a new bundle for all 3 of my trading courses. Get them all together for a 25% discount in the course page on the description ☝
would u please mind making a video on RANGE charts. specifically the one on trading view and its beneficial for future trading.
Everything you say about the 1 and 5 minute wicks is why I am searching for resources on learning to start trading tick charts. Just from my initial back testing of my trades from earlier today, I would’ve had such better entries and exits using a tick chart. I’m excited to use ticks now thank you for the info!!
They are great. In the end it is all just different ways to interpret the same data. But tick charts are ideal for helping filter high volume stages of the day. You get much greater detail.
Best video on youtube about tick charts....Thanks a lot
Really useful! Thanks a lot! 🍻
What a great video , I miss my entries using time based charts but now during equity open I can just switch to tick chart & execute better .
Yes, tick charts lets you see the chart much more granular and detailed when volumes are high.
Great video ❤
Glad you liked it!!
Thank you. I have learnt a lot from you.
Great video, sir! What do you thinks about Range Bar Chart that draws a candle every 10 or more ticks? I think sometimes it is also useful to understand the exact movement. Have a good day!
I have used a 8 tick range in footprint snd it does help sometime to preempt absorption early. But yeah they are good, all depends how it adapts to your style and strategy.
I may transact 100 times, but if I don't clear the limit orders then price still doesn't move. So on a 100 tick chart, my 100 transactions would create a candle even if price didn't move? I'm betting ticks are the number of price moves, not the number of transactions. Please confirm.
Do you have any videos showing how to setup the tick chart and footprint chart on ninjatrader?
I don’t. I just use Sierra Chart and TradingView.
You can find all that in the “data series”, on the “data series” tab there is “type” and the “volumetric” is for footprint, there are also ticks, volume and so on.
Is the blue line VWAP? If yes, what is the default number do you use for VWAP? Thanks.
Yes, I use purple. I don't use any number, I just anchor it to the beginning of each session along with the session Volume Profile. ETH at 6pm EST and RTH at 9:30am EST.
How is the tick chart set in sierra chart
Under the chart settings, in the bar periods select “number of trades”
@@PriceActionVolumeTrader Thank you very much
And wouldn't it be better to work with a chart created directly with volume candles?
They are pretty similar, as I showed in the video. But I feel that Tick Candles are better at catching momentum and volatility cause they measure number of transactions going through. But you know all these are different ways to interpret the same data. So just gotta find what resonates best with eachs strategy.
@@PriceActionVolumeTrader Thank you, for me I think that volume-only candlesticks define movements better.
is it possible to get tick charts for forex in Sierra Chart?
I've not tried it
@@PriceActionVolumeTrader can you recommend a software platform for tick charts? I think MT4 has it but I'm not 100% sure
I'm sure any good platform like Sierra Chart, Ninja, Jigsaw, MotiveWave, etc will have it.
If i am using 1 min candle chart. In your opinion how many tick chart help?
I said in the video in ES the 1min is similar to 3000t in RTH and zMES about 2000t. You gotta just test them out and compare.
how to buy the New 3 course trading bundle - Save 25% ?!
It’s there on my website. courses.priceactionvolumetrader.com