Help me stop obsessing over TICK charts! | Traders Hideout - futures trading strategies, market news, trading charts and platforms

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Help me stop obsessing over TICK charts!

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New York, New Jersey/USA
Trading Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Futures
Seahn's Avatar
Posts: 160 since Jan 2013
Thanks: 62 given, 264 received

I don't know about scalping (true scalping, about 1 point or less on the ES) but for swings and rotations trading tick charts are widely considered to more clearly show the ebb and flow of the price action. I personally agree with that assessment.

For example in a fast market using 5 minute charts will often result in one huge bar, where tick charts will show many bars allowing more entry/exit opportunities. If the market is moving fast and you make trading decisions based on end of bars you could be screwed with minute charts.

With tick charts you automatically get implied volume information, high volume results in quick bars, low volume the bars can practically stop.

There are other advantages as well but in the end its a personal choice.

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