When I use tick charts or short time frame charts I use (H+L)/2 instead of the close for the input of the MA. It seems to work better. When you think about it the closing price on tick charts is really irrelevant.
There are a lot of Douglas videos on Youtube. They are from his seminars he has done over the years. Thy are very good and I learn something new every time I watch them
I have found that the simpler the better. I use a simple moving average of the median price of each bar. That gives me an idea of the direction of the trend and the slope gives me an idea of the momentum. I then use the ADX indicator to give me an idea of the strength of the trend and again the...
There used to be a group in Sarasota about 20 years ago. It was a pretty large group. I used to travel from Lakeland once a month for it. I live in Cape Coral now and lost touch with the group. I'm sure there are some left. I have been trading for 23 years, retired last January and now trade...
I have been using Tradestation since 2009. I have had no problems with them Platform works very well. However, I only trade futures, so I don't know about the equity side. I think between their charting and trading platform you really can't do better.
I use one setup trading one market (NQ). That allows me to focus better on what the market is doing and also allows me the chance to really get a feel for the market and the way it trades.
I find that tick charts better reflects the activity. I can see when trading picks up when I see more bars. I use a 5000 tick chart on the NQ and that seems to work pretty well.
I use tick charts exclusively and use a short term EMA. However, I use the midpoint of each bar as the value used to calculate the EMA. Works very well for me. You just need to keep in mind that the only "real price" is the last traded price. Everything else are just "made-up" values
It is possible, but you need to keep it simple. I use the same methodology for CL, ES, NQ and GC. It works with all of them. I use tick charts, an EMA and ADX/DMI. However, I do vary the tick value depending on the market
Agree. I use a modified EMA to give me direction and then use a short term adx to help me judge the trend strength. It does take quite a while to get used to that type of trading. It's hard to jump on a trade when it appears to be reversing
The NQ and CL are the only 2 markets I trade. I agree NQ can be quite squirrely at times. I find use a 2500 tick chart which helps tone things down a little. I basically just look for a pullback in an established trend and jump on board. It takes a while to get used to trading that way but it...
I have been trading for over 20 years and have always used tick charts for day trading. The thing that takes time is to find the best value for each market. I found it depends a lot on the volume of the instrument. I trade exclusively the futures markets, but i would assume it should also work...
I have found that a short term EMA work very well on tick charts. However I use the median price rather than the closing price of the bar. I use it as an indicator of trend direction and then use a short term adx for the strength. I just look for a retracement against the trend and then jump on...