I'm using 75 tick charts to trade. Using 233 ticks chart for direction. Using 233 ticks chart to trade would be too slow.
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The ER2 Trading Journal
- Thread starter trade_4_living
- Start date
Quote from majeasy 1:
down maybe?
This was what I've around that time with the 667 tick. It was really about to go up before 3:00 PM. look at the 34 and 20 bar (dark green and green) indicators on the RSI panel, they're green, uptrend, was about to cross the 0 line. . The higher high on the RSI and the price was the trigger for the buy.
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trade_4_living
Thanks for the ensign setup image. That made it a lot easier.
Would you consider posting your template in the library area at:
http://www.dacharts.com/templates/index.php
Thanks,
t
Thanks for the ensign setup image. That made it a lot easier.
Would you consider posting your template in the library area at:
http://www.dacharts.com/templates/index.php
Thanks,
t
Quote from trade_4_living:
This was what I've around that time with the 667 tick. It was really about to go up before 3:00 PM. look at the 34 and 20 bar (dark green and green) indicators on the RSI panel, they're green, uptrend, was about to cross the 0 line. . The higher high on the RSI and the price was the trigger for the buy.
i lost a half point on that trade and broke one of my own rules by trading against the white and black hull moving average.....
extra dumb.....
trade4living,
you are way ahead me as a trader, i can't use a 75 tick bar chart...don't know why....maybe just too fast for me.....i know of several good traders that always use fast tick bar charts.....
my daily goals are very modest and generally i make or exceed my goal in the first hour and half.....then i'll continue to make trades until stopped out, then quit for the day.....
Not exactly, maybe I should switch to much higher timeframe if I don't scalp too often. Using 75 ticks chart to trade can really hit your nerve sometimes - especially when it was trading sideways like after the lunch hour, it made 1 point jump up and down many times, very hard to trade.
Since I am using Esignal as the data feed, it should get every tick. 75 ticks chart is about the same for these use 133 tick from IB feed.
I do look at the 110 tick, 550 tick, 3 minutes, 5 minutes chart too. The best trades are these when the indicators on these timeframe are in syn. If not, a trade could be countertrend, then I should make a quick scalp instead of holding too long.
Since I am using Esignal as the data feed, it should get every tick. 75 ticks chart is about the same for these use 133 tick from IB feed.
I do look at the 110 tick, 550 tick, 3 minutes, 5 minutes chart too. The best trades are these when the indicators on these timeframe are in syn. If not, a trade could be countertrend, then I should make a quick scalp instead of holding too long.
Quote from majeasy 1:
i lost a half point on that trade and broke one of my own rules by trading against the white and black hull moving average.....
extra dumb.....
trade4living,
you are way ahead me as a trader, i can't use a 75 tick bar chart...don't know why....maybe just too fast for me.....i know of several good traders that always use fast tick bar charts.....
my daily goals are very modest and generally i make or exceed my goal in the first hour and half.....then i'll continue to make trades until stopped out, then quit for the day.....