Also i need to correct, the chart that i found some interesting correlations with as it winds down each time was actually * 950 * not 995 though i will look into it as well.

I would say whatever is the calculation that comes to around 5mins in terms of ticks.

skymonk 

Hi all, first time posting, and before my question, thank you for all you do here, really appreciate the forum. My question: I exclusively trade the micros, /MES and /MNQ and sometimes /M2K. Generally looking for 2-3 points. So not scalping like some do for only a few ticks, but not very long time frames or positions either. Any thoughts on best size Tick charts to use? Ive read anywhere from 133 up to 500 or 995? Would appreciate any thoughts or opinions and thanks for such a great forum. I aspire to eventually be a help to others the way Ive seen so many of you be.

bobwest 

Probably the only real way for you to know is to put up a number of charts with different tick sizes and see how they show the market to you. You want to get the size moves that interest you, and you don't want too much extra noise, so look for a balance that shows you the trades you want and that smooths out the smaller zigs and zags that you aren't interested in. Something as simple as looking at 100, 500, 1,000 etc. -- or even 100, 200, 300 etc. -- and then zeroing in on what works best for you. Take a few minutes to set up the charts and look them over, see how you would trade them, and then follow some for a while in real time to see how well you can respond to them. There really is no "right" answer, but you will be able to tell fairly quickly what works for you, or at least what looks good at first sight. Then the real test will be how you trade them, which you won't know without doing it. I would make the same suggestion to anyone about any other chart type -- time bars, volume bars, range bars, Renko, whatever -- give different settings a look and then see how you would trade them. People will suggest different numbers, for many different reasons, and their suggestions may be good ones, but only if they work well for you. And you're the only one who can tell if they do or don't. Bob.

I used to love HA, until i discovered wicked renko bars on NT. Thats my favorite.

I like to use Unirenko on the MNQ 2/5/10.....easy to see entries and exits for me anyway...I try to grab at least 12-16 ticks per contract but will settle for 4 if necessary....only trade one at a time but add to it if I think its going in my direction ..first day using the Chaikin Money Flow.....sample of my chart today.....
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