fwiw ... I prefer the smoother flow of volume charts since they best represent the order flow.
My opinion of tic charts is that they give equal weighting to every strike regardless of contract size which rather buggers up my approach.
What I like about ES is it driven by big volume generated by large strikes.
These strikes are programmed and placed by very clever young men/women, far to clever for me with their huge machines and direct lines into CME.
And so because they are clever and logical I just follow along behind watching their footsteps.
I must say for clever clever people they are remarkably predictable and all I do is take their predictable action and place it in front of them by way of a limit stop.
They do all the work, not me... a little bit like judo really.
There are places in the market where two or more big players can clash with an unpredictable outcome.... best to avoid these spots which in themselves are predictable.
There is nothing clever about what I do or anything on my screen.
In fact I prefer to concentrate solely upon the effect that volume (bid-ask) is having on price and so I have a few things that I drop into my RH margin to unfold at the appropriate moment in front of me.
Even something as simple as a warning just prior to a news announcement pops up before my very eyes, otherwise I am so intent on the screen that time melts.
I do like to hear T&S filtered >99 through the speakers. Bids and asks have different sounds and I know that once a critical price is reached and there is an eventual silence followed by a sound that some brave soul has entered a big MO ... I know, I know it is not perfect.
All I am trying to do is keep my winning margin high and my entry close to my stop.
If I thought that RSI, MACD, CCI would help I would use them.
It is not because I think that they are lagging, that is in the mind of the beholder and in fact I could show you how to use them to reach beyond the RH margin.
It is just that they repeat what I already know.
regards
f9
