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

Traders Hideout

Discuss day trading practices and futures trading strategies on this forum for all markets. This forum is also for discussing and reviews for brokers, data feeds, and commercial or third party add-ons


Help me stop obsessing over TICK charts!

  #9 (permalink)

Trading Experience: Intermediate
Platform: ninja
Favorite Futures: NQ
cory's Avatar
Posts: 5,941 since Jun 2009
Thanks: 819 given, 7,663 received

TraderJohn66 View Post
I am scalper obsessing over whether to use TIME, TICK or VOLUME bases candles. I understand the benefits of all three but what I don't understand is why so many people use seemingly random TICK settings. At least in a TIME chart there are just a few common time frames like 1M, 5M, 15M etc.

Could someone please give their insight as to wether or not TICK charts are even necessary?

it's normal nothing obsessive about it. You remind me of Tony, each morning his group would waited anxiously for his "numbers" these would be his tick numbers 1 for fast chart and 1 for slow chart. This routine went on for years until he was old and got tired of varying the charts each morning to find the right 'look'. So he just stuck to some fix numbers and guess what? they also worked. He used them until he passed away.

Reply With Quote
The following user says Thank You to cory for this post: