EUR/USD Tick Chart

January 4th, 2011, 03:52 PM

Quoting

there is no tick chart equivalent because tick charts are not time based. Sometimes it will match a 200 tick chart and sometimes it will match a 2000 tick chart.

I understand.

Let me rephrase the question:

What is a commonly used tick chart for scalping?

--or--

Is there a tick chart that is commonly looked at by a lot of traders who scalp?

--or--

What are the most commonly used tick charts for scalping?

---or--

Is there a tick chart that is as popular as, say, the 5-min chart? One that is, moreover, effective for scalping?

January 4th, 2011, 03:59 PM

tosmonkey

I tried 666 once, and blew up my account.

I am afraid BigMike will have to start a new thread:
Random tick sizes - how we assign false properties to the size of an interval

January 4th, 2011, 04:01 PM

tosmonkey

Thanks, but I'm not following.

Could you elaborate?

Take the 5-min chart, for example.

Lots of people use it. They're all looking at the same thing,and basing their decisions off of what they see.

For that reason, you could say the 5-min chart carries a lot of weight, and is for the same reason a good time frame to trade off.

What I'm looking for is the tick chart equivalent.

There is no tick chart equivalent. Or let�s say, you have to try it out to see what best fill your needs.
The exchange does not have a chart, only gives you the Time and Sales list. It�s your PC which creates a chart of this. Look at the image I attached. It shows how a chart is created from the T&S list. The equivalent of the T&S list would be a 1 Tick - Chart. From this your PC creates the time based chart (see image). The higher the timeframe the more to tick data is involved.

So one day you have bigger moves and a higher tick chart would be the best thing to see this, one day you get smaller moves which you can see better with smaller tick charts.

Hope that helpes.

January 4th, 2011, 04:19 PM

Malvolio

There is no tick chart equivalent. Or let�s say, you have to try it out to see what best fill your needs.
The exchange does not have a chart, only gives you the Time and Sales list. It�s your PC which creates a chart of this. Look at the image I attached. It shows how a chart is created from the T&S list. The equivalent of the T&S list would be a 1 Tick - Chart. From this your PC creates the time based chart (see image). The higher the timeframe the more to tick data is involved.

So one day you have bigger moves and a higher tick chart would be the best thing to see this, one day you get smaller moves which you can see better with smaller tick charts.

Hope that helpes.

Or using one of FatTails's indicator to group bars together:
Here we have 55 ticks/bar grouped by lot of 15 bars

February 12th, 2011, 08:03 PM

I use range 3 bars for EurUsd. Which are tick based rather than time based, if that's what you're asking TS. My journals shows 1 minute charts though because I enter trades on Oanda and use NT for charting.

I don't know that they give any actual edge which make them superior. What makes them superior, to me, is how clean it looks. Easier to read, you could say.

Someone mentioned that for a lot of traders use 5 minute charts and thus time based charts are better. In a sense I agree since presumably you have a better idea of what others are doing. Which is why I use the hourly chart to mark my major s/r areas.

EUR/USD Tick Chart

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EUR/USD Tick Chart