Help me stop obsessing over TICK charts! | Traders Hideout


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Help me stop obsessing over TICK charts!

  #19 (permalink)

Leeds UK
 
Trading Experience: Intermediate
Platform: FXTrade
Broker/Data: Interactive Brokers, CapitalSpreads, Oanda
Favorite Futures: GBP/USD
 
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Posts: 429 since Apr 2015
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Many traders make use of the Fibonacci sequence to set the tick amount per bar.


They do - but many believe in astrology and moon-phases, too.

There's no rational reason for using Fibonacci numbers to set the tick-count, is there?

I may have missed something (and in fact that's normally the reason for my failure to understand things) but I don't really understand why people with volume-charts available should ever prefer tick-charts. There seem to be enough of them, even among profitable traders, for there probably to be a valid reason, but I don't understand it, myself. Even after discussing it on several occasions.

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