The Best Interval For Day Trading Charts is ZERO Minutes!
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I receive this question a lot: "What's the best interval for day trading charts?" In today's video I not only answer that, but give, what may be to some, a very surprising answer: Don't use intervals of ANY minutes!
Canal: People & Blogs
Añadido: July 14, 2007 at 6:06 pm
Autor: TopDogTrading
Duración: 10:19
Puntuación: 4.47
Reproducciones: 20066
Etiquetas: analysis daytrading forex futures investing market options stock swing technical trading
Comentarios
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fadethetrade (August 19, 2008 at 12:15 pm)
try the 30second 40 second charts.They work great for me.risk is lowered,profits are taken faster and just put on more contracts.
redletterchurch (June 12, 2008 at 2:45 am)
I use a line chart with simple moving averages combined with tape-reading. But I like the concept of tick charts. I didn't know they existed! Thank-you!
deerwhacker7 (December 27, 2007 at 9:21 pm)
Nice comments for the tic charts. I use 200 and 300 tic charts for trade entry and 1000/4000 tic for trend trading Crude Oil on NYMEX. When the market is moving, I hate to wait 2 minutes for a candle to form. Could miss some nice moves on time charts.
TopDogTrading (November 10, 2007 at 12:15 am)
Shtefan - you're absolutely right. The datafeed is absolutely critical and more demanding for tick charts. Some handle it better than others. Best datafeeds I know of for this are Zen Fire, Trading Technologies and Photon-Trader (all execution platforms).
Shtefan (November 9, 2007 at 11:27 pm)
I suppose that for tick charting to work correctly, not only does the broker need to offer tick charting, but the broker needs to offer tick-by-tick streaming quotes, rather than aggregated streaming quotes. Some brokers offer one, but not the other, which might defeat the purpose of tick charting. Am I correct on this one?
TopDogTrading (November 7, 2007 at 9:06 pm)
Shtefan, thanks for visiting and for the question. There are so many - tradestation, esignal, neoticker, ninja trader are just a few that I know of that offer tick charts.
Shtefan (November 7, 2007 at 8:22 pm)
I'm very excited about tick charting and would like to start using them, but my broker's platform doesn't offer tick charting? Do you know of any platforms or services that offer tick charting?
johngo6283 (October 28, 2007 at 4:18 am)
Thanks!I thought I knew what a tick was, but I guess I did not. Very useful for my trading.
JohnYoga (August 30, 2007 at 6:34 am)
Thank you top dog...I have been trading with 3/5 minute bars, but now will experiment with 200 tick bars because of your stated reasons...JohnYoga
TopDogTrading (July 15, 2007 at 6:35 pm)
I personally prefer the tick charts because volume charts smooth things too much for my liking. By making all the bars perfectly even in measuring volume, you don't see as many extreme candlestick patterns that you get in minute charts or tick charts. For example hammer, hanging man, shooting star, etc. Those candlestick patterns are helpful and show up more when you don't force the bars to be too smoothed.
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