Quote from jprad:
I'm not sure what to call this exchange but, calling it an "argument" would be near the bottom of the list of possibilities.
No, that's not what you were referring to, not even close. But, since you're not going to argue with me...
If a tick is atomic then you can't fracture one of it's elements.
Time is irrelevant? Aside from the mundane use of providing order, how else would you measure the velocity and acceleration of a stream of ticks without using time?
Similarly, have you never heard of time-relative constructs like time-based stops?
As for time-specific trading, how can you be so certain that there isn't some subset of people out there who only place MOO and/or MOC orders?
What about the Casual Joe, workin' for the Man who can only punch an order in during his lunch break?
What about time-bounded trading; regular versus after-market?
Tell you what, turn this current discussion into a productive dialog and I'll indulge you.
Interesting that the more we "discuss" this the more spaces you put in your responses.
My whole point is that you see a tick (transaction) as a whole single item. I agree, if you are using Tick Charts, where the whole item you are assessing is instrumental. I simply take that transaction to its smaller part, the share or contract.
Sorry, time is still irrelevant for the reasons given and I will add that velocity and acceleration is irrelevant as well (TO ME & MY research and trading). I see directional strength perfectly in my charts without time. I don't care what time it is when it happens, I just care that I see it as it triggers. Triggers NEVER happen at the exact same moment each day but they do happen within the exact same oscillation parameters, whatever time they occur.
Your examples of the guy executing trades at lunch or after market is irrelevant to me because their volume simply adds to the overall reflection of price movement. The guy executing trades at lunch doesn't do it daily nor does he ONLY execute his trades only at noon on a specific tick of the clock, so time isn't relevant. Time bounded theory is pre-CVB charts so not relevant either.
The difference between you and I is that I look at data & information and say that NOTHING is impossible until I can PERSONALLY prove it wrong. You look at something and say it is impossible because it is against your sensibilities but you refuse to PERSONALLY validate anything you don't understand. As I said, until you set up a chart and see it for yourself you won't beleive it or trust it. You are referencing old research as current fact. Nuff said.