Help me stop obsessing over TICK charts! | Traders Hideout


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Help me stop obsessing over TICK charts!

  #20 (permalink)

Legendary Market Chamois
Chicago, IL
 
Trading Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
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Blash's Avatar
 
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Tymbeline View Post
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.



I have come to believe..... if you (the understood you) are comfortable using whatever you use and believe in it in yourself your method your skill sets your abilities your judgment your decisions making ability your self control are confident (for the sake of a brief post stopping here) you could use just about anything in any combination and pull $mil's from the market each year.

Beliefs are the most powerful. They define your life in every single way. It's an illusion that most can't see past.

For example I no longer have any desire whatsoever to view or participate in trading type webinars. It matters not what that person does in that webinar training. If they believe in it to the extent stated above it will work for them. And if someone tries to fit it to themselves but doesn't believe in it it will not work at all.

This might sound dead wrong and one could say, "but if the system works and you apply it correctly XYZ will happen" but that's part of the great illusion sucking in traders every single second.

Ron


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