Help me stop obsessing over TICK charts! | Traders Hideout


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Help me stop obsessing over TICK charts!

  #8 (permalink)

annandale virginia
 
Trading Experience: Beginner
Platform: ninjatrader
Favorite Futures: EUR/USD
 
Posts: 5 since Sep 2011
Thanks: 1 given, 10 received

In my opinion all of the bars you selected do not show price action clearly or efficiently. Next time attaching a chart would help. My trading mentor told me that to successfully trade the market, our strategy has to consist of repeatable visual occurrences which is a roundabout term for patterns.

I would suggest Renko or Uni-Renko bars especially if your strategy is scalping as oppose to trend or position trading.

The Renko bar manages to filter out a lot of noise and chatter that the other bars simply cannot.

Complimented by a few other indicators, that are readily available here, you can construct a viable strategy. I have been testing a scalping strategy myself that I will eventually automate.

This is what my chart looks like:

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Last edited by eroy; March 6th, 2017 at 10:11 PM.
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