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what is hysteresis in lay man terms in under 100 words? :)

So if you defined activity as number of contracts traded (volume) versus number of orders executed (ticks) then activity=volume otherwise activity=ticks? So extrapolating from this we can define tick charts as representing activity as defined by number of orders executed, volume charts...

TriPack explains range bars and goes into the subject in accurate and interesting detail in his article referenced from somewhere in this thread and I really like the concept that it shows *only* the trend and cuts out the sideways movement in the market. The advantage (you may call this...

Wouldn't you say that activity=volume?

You have a good point there and I think that's demonstrated in my article Anatomy of a Spike where the lack of bids in this case was overwhelmed by sell orders hitting the market. I think that's what you mean. When a piece of good/bad news hits the market which causes offers/bids to be...

I've just discovered that this thread overlaps one that I started recently so I thought I would cross reference it here: http://www.elitetrader.com/vb/showthread.php?s=&threadid=34084&perpage=6&pagenumber=1

Here is TriPack's (very good) thread on the same subject: http://www.elitetrader.com/vb/showthread.php?s=&threadid=21739&perpage=6&pagenumber=1

Nobody's convinced me yet that tick charts are better than volume charts although I think that an important point has been raised: If you're making money with a strategy on tick charts then that's the most important thing. The point I'm trying to get across is that volume never lies and...

So if I understand correctly the new bar will be created using (in this particular example) 250 contracts or 180 ticks - whichever comes first? That sounds intreging. Any chance of posting some charts that show the differences?

I would never buy anything from him. I really just want to hear of 1 person - 1 solitary person - that is still subscribing to him after 3 to 6 months and is making money. Nassim Nicholas Taleb's book Fooled by Randomness tells us that it is highly probable that this person exists.

AceTrader is going around spamming trading chat rooms. Seen today on IRC's Othernet: [10:46:13] <ACE> If you would like to learn to trade the emini sp with the use of no indicators using only support and resistance check out this site. www.acetrades.com The acetrades.com technique produces 10...

I didn't know that. Do they have Q&A at the end of those webinars? That would be a great question but I doubt you'd get an answer.

Just got this email from CBOT: Turtle Trading Strategies: Still Working After 20+ Years July 24, 2004 @ 8:00 AM Chicago / 9:00 AM Eastern. Join Russell Sands, one of the original 14 "Turtle" traders, for a three-hour presentation as he discusses how you can apply the same strategies that...

That's exactly how I do it Beng. If I want to compare one chart to another I'll take the total volume over that time period and divide it by the number of bars generated by the other method in the same time period (tick or time in this case).

This is actually an exercise to attempt to discover if the tick chart has an advantage over the volume chart and if so under what circumstances. I'm not trying to justify my use of one over the other but rather play devil's advocate with the comments. I value and respect all the comments that...

Great link - many thanks. For others reading this thread here is a summary of momentum/range bars from that link: Momentum Bar charts have the following characteristics: Each bar is the same height because the range is constant. The close of a bar is always at the high or low of the...

I've never heard of that method for constructing candles. Thanks for enlightening me there. Can you actually create candle charts with this? I assume that the close of the candle will always be at either the high or low? Is this correct? So there are only 3 values in each in each candle: the...

True but it's unlikely that you would use values for a volume bar that didn't indicate this. So in a heavily traded liquid market such as the ES the tick chart would generate an unnecessarily large number of bars in this example.

I agree that neither chart shows that. My concern is that more tick bars will be generated when the small players are hitting the bids and offers and not the large players but you don't know who is responsible for generating the tick bars. Here is my concern in an extreme example: 2000 single...

Perhaps I've misunderstood what a tick chart is - or rather what a tick is. It is/was my understanding that a tick is a single trade (at market I believe) irrespective of size. So if I bought 50 contracts at market that would be 1 tick and if I bought 1 contract at market that would be 1 tick...