CannonTrading_Ilan
Sponsor
I like volume charts and range bar charts:
Does anybody trade ES using tick charts?
- Thread starter Real Money
- Start date
This guy used tick charts and traded micro ES who wrote the thread about "$286 left"
Backtest and then simulate trade what you just stated.
You'll be able to answer your own questions about such especially with all the time on your hands with the government shut downs.
wrbtrader
There is edge in tick charts
There is ...
You can only refute the efficient market hypothesis,
By actually sensing and exploiting an inefficiency.
Until then ... There isn’t an edge in tick charts.
[An] Edge ...
Don’t mistake an edge for a holy grail.
Some are lasting, some a transient.
The market is made of imperfect humans.
And of imperfect algorithms made by imperfect humans.
What’s informational advantages of tick charts ?
What’s the superior, faster or private info ?
How can you exploit it ?
(In) Tick Charts
Tick charts are charts.
Charts record previous transaction.
What you see on a chart is history. Done.
Does history can tell what’s about to happen ?
Ticks charts display nearby actions and interactions.
Tick charts are pointless
They are pointless if they don’t help you.
Can you achieve superior return thanks to tick charts ?
Superior returns mean superior information and execution.
If you want to bankrupt an average risk taker,
Simply give him more information.
@nntaleb
...
Does it inform about the future price of an asset ?
Does it correlate with future price changes ?
Is it Profitable on average ?
How strongly might this impact subsequent market activity ?
...
Do not overestimate the predictive power of your signals and Do not underestimating the costs.
There is ...
You can only refute the efficient market hypothesis,
By actually sensing and exploiting an inefficiency.
Until then ... There isn’t an edge in tick charts.
[An] Edge ...
Don’t mistake an edge for a holy grail.
Some are lasting, some a transient.
The market is made of imperfect humans.
And of imperfect algorithms made by imperfect humans.
What’s informational advantages of tick charts ?
What’s the superior, faster or private info ?
How can you exploit it ?
(In) Tick Charts
Tick charts are charts.
Charts record previous transaction.
What you see on a chart is history. Done.
Does history can tell what’s about to happen ?
Ticks charts display nearby actions and interactions.
Tick charts are pointless
They are pointless if they don’t help you.
Can you achieve superior return thanks to tick charts ?
Superior returns mean superior information and execution.
If you want to bankrupt an average risk taker,
Simply give him more information.
@nntaleb
...
Does it inform about the future price of an asset ?
Does it correlate with future price changes ?
Is it Profitable on average ?
How strongly might this impact subsequent market activity ?
...
Do not overestimate the predictive power of your signals and Do not underestimating the costs.
Last edited:
Apparently, I made a thread about time vs price driven charts back in the day. Here's two pictures from that thread highlighting the difference between time vs volume during heightened volatility.
There were quite a few long 1-minute bars yesterday, too.
There were quite a few long 1-minute bars yesterday, too.