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Does time have meaning as price is trending or turning? Tick vs Min candles
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Does time have meaning as price is trending or turning? Tick vs Min candles

  #11 (permalink)
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trendisyourfriend View Post
Value is the core concept behind any trade. This way you would evacuate such question as to know whether or not a tick, range or time chart is the way to go to see where value is.

Thank you trendisyourfriend,
This makes total sense - it is all about VALUE. If one can assess the market's perception of Value then the current price at any given moment can traded with greater success. I assume you are using Market Profile and others?

Could you please comment on how you see this on your screen by the indicators you set up and how you can interpret "value" by your methods?
Thank you,


Last edited by JohnPS; April 18th, 2011 at 07:35 PM.
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  #12 (permalink)
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JohnPS View Post
Thank you trendisyourfriend,
This makes total sense - it is all about VALUE. If one can assess the market's perception of Value then the current price at any given moment can traded with greater success. I assume you are using Market Profile and others?

That's the first thing I thought of in regards to his post. Market/Volume Profiles are MONEY

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In trading, you don't get paid by time... you get paid by movement.

If the price is moving in my favor... time is superfluous.

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  #14 (permalink)
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JohnPS View Post
Type of trading?
Intraday, scalping mostly, holding a trade for 1 minute to 60 minutes.

Inverted Time Histogram - and the rest?
FutureTrader, I looked and came up empty handed on this, could you possibly post this? I will set up a chart as you have described.

The goal is to un-mask the intention of the Market, non-time based charts can show price movement as it occurs where time based charts mask this somewhat if the interval is large enough to contain the price move.

Found this via the search function - untested, so I don't know if it works in NT7.

HTH

Attached Files
Register to download File Type: zip TimeHistogram_v1.1.zip (8.8 KB, 14 views)

Last edited by futuretrader; April 18th, 2011 at 03:12 AM. Reason: Correct attachment
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Answer
This post has been selected as an answer to the original posters question Answer

It doesn't have to be that sophisticated. The point is, sometimes I see a setup on one type of chart that I don't see on the other.

If I would have to use only one type of charting, it would be a range bar chart.

In the end, what gives me confidence to pull the trigger is the volume profile, though. When you see the right price action at the right MP level= free money.




JohnPS View Post
OK I tried this idea and it is interesting, not sure this is what you had imagined. In the lower portion I have the ES twice on one chart, one as 4 range and one as 120 sec. The vol histogram on the bottom is tied to the 120 sec chart, the upper portion I have the ES 4 Range again, but because it is by itself the candles are evenly distributed across the chart. I have time markers showing the disparities. The upper 4 Range chart describes trends with less noise.


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Thank you, to all the participants in this discussion. This all helps.

More comments are Welcome!

John

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Time is the cousin of price.

Time Price Opportunity is the cousin of the Market Profile.

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  #18 (permalink)
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JohnPS View Post
Does time have meaning as price is trending or turning? .....

Hi John,

Many would say time has more meaning -Gann (the greatest investor of all-time) for one. Most of Gann work refers to mulitday movements and I have not yet found references to intra-day time points.

There exists an extensive group of individuals who focus almost exclusively on time (usually found under the term "cycle studies").

I would say yes time does. Though my research is not fully completed I have determined preliminary relationships between time and price on an intra-day basis. As one poster noted 'time is the handmaiden of price'.

You have chosen a reply on value as the correct answer for you to your question. (Naturally "value" is about price so you have selected an answer that is not about time as input matrix to your decision.).

A very important question - discarded with sound bites and trivalities. (In a way the amount of Time you have spent on your Time question is so small - in time - in consciousness - in effort.)

Results are in relation to effort intelligently and persistently applied.

("Persistently" - involves the notion of duration time.)

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Seek not and find not. Knock not and the door stays closed.

Keep your mind in the future, in the now.
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  #19 (permalink)
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an example from today

Hi John,

I have posted an example of time as an indicator of price turns
https://futures.io/trading-journals/7984-trading-16.html#post115233

Keep your mind in the future, in the now.
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  #20 (permalink)
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Volatility has intra day seasonality because of time but as far as chopping price up to some arbitrary unit of time...
no.

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