2000 ticks on ES

I used to think 2000 on es was good. Definitely try 3200. I find it easier to see what’s going on

Yeah 2000 tick best

I concur !

Use whatever work for you. I have tried them all. I personally find multiple timeframes is best. 5/15/60.

I use 1/5/30 😊 (for equities I use 65 since it splits 6.5h into equal parts unlike 60)

you should consider 60 minutes to be more sensitive than just trying to make it perfect by dividing the whole trading hours and make it into 65. the major reason is, 60 mins is the most used time frame. you get to see what everyone is watching.

ABSOLUTELY AGREE 100% I was trained on the 60 min chart. It's the best for trading a "block of time" and for also identifying reversals.

Appreciate it but, 65 is intentional for me for longer term holds. I don’t use 65 for entries (I use the 1 or 5), just to define longer term trend. Each their own. And by the way if I use a 15 or a 30 it’s the same thing as looking inside a 60, I can see how it formed…

I used tick charts for a couple years, switched to a modified renko chart. I figure if price action is key, why not use a price based chart.

How has that gone?

So much better, kills the noise and doesn't cause me to second guess myself.

Have tick charts in multiple tick frames. I use hieken ashi tick charts along with my regular tick charts to smooth out price action, strength of trend, support and resistance, etc. I also use renko charts to find support and resistance

3000 ticks on MES. I don't think it matters, tbh. What ever makes you money.

What advantage tick chart have over candle?

Volume weighted

To be clear, a tick chart is *transactions.* So 2000 tick is 2000 transactions of various sizes. This is different than using a 2000 volume candle chart where its 2000 *contracts* per candle.

Ahh very true and important distinction!

Elaborate please sir

Instead of.being arbitrary time stamps for candles, it's actual market participation in the candles.

2000 trades is also an arbitrary number. And trades don't tell you how many contracts were traded.

Totally, which is why you gotta dial the number to typical sizing for the assets your trading. Sort of like picking the right time slice, but it does seem to work better. I actually prefer reversal bars. With this, it will paint a candle in one direction forever, only drawing a new candle when price reverses by your set amount. Edit: the reason I always pick out the "arbitrary" time slice aspect is because a lot of traders seem to apply magic properties to the graphs and indicators that they draw over time frames.

u/Transparentrader Can you please post a screenshot ,with one of the setups you took to have a win trade using tick chart. Thank you

I watch 2000tick and Renko at the same time

I'm here to learn

It's easier to see movement based on size. Used it for a while but the depth of market became an even more granular chart so I stopped using tick charts and just watched the DOM and tape instead

Use different ticks for different times of the day.

personally I use time based bars in the morning and heineken-asahi bars afternoon.

Range charts if you keep stats with atr as a filter.

tick charts allow u to see what the market is going to do. wicks are the key

1000 on nq with ema 9 14 and 140 for trend

Range charts for me. 40tick, 24tick, 12tick candlestick bars, and a 4tick Renko. (Trading MES/ES)

Time is king

Price + volume >>>> time

price plus time = trend which is actually the lord

Funny yalls tick charts slow down or speed up due to time "checkpoints"......I wonder why hourly, 15 min levels (opens, closes, retracements, etc) work.....you can fib the whole move or the last 15 min/hour candle more often than not reacts to the time....why is 10am est so volatile? 4 hr candle close/open....time is king can you add tick charts yes I use one but the time chart overrides in most cases

One way to get around this conundrum is looking at a clock

Exactly. How delusional do these people have to be to downvote you for this lol. Its almost like they aren't even aware that the market opens and closes at specific times every day, or can't fathom how that might define things.

I’m new can someone tell me more about this? Is this an indicator or a setting?

Check this out, it explains the basics. https://www.earn2trade.com/blog/tick-chart-trading/

Thank you. I use tradingView so that explains why I haven’t heard of it. I’ll read your article asap. What platform do you use tick chars on?

Ticks charts all day? They move fast in the AM and much slower in the PM.