tick Charts E-mini S&P 500 Futures

I'm a newbie. I've been using tick charts to day trade ES (4500, 1500, 500 time frames) with Barry Taylor's indicators. Emini-Watch.com
 
MrScalper said:
You are 1000% correct..only fools use tick charts to daytrade the ES or NQ..sure way to be parted with your money very quickly!

I don't apologize to anyone for being correct :)
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Really. I know many day traders including myself, who use tick charts to trade the ES. All are highly profitable. I've only been trading for five years, first year was break even, subsequent years have been profitable, ranging from 80%-150%+. There is no one style of chart that benefits more than others, they all represent the same basic information. If your an experienced day trader, you probably should point new traders toward developing their mental edge.
 
JL.inc said:
Traders, are any of you guys using tick charts for your main trading chart?
or any tick charts in your intraday strategy for that matter?
if so what kind of indicators do you use and which platform/software?
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Hi mate,
I use tick charts/candle charts to trade the ES. I also use a 50k volume chart for longer term analysis. A MACD histogram is plotted below the volume chart, but is only considered when showing a bullish or bearish divergence. My advice is to be very sceptical about indicators, most are useless for live trading. However you may find you have a knack for spotting a behaviour pattern of an indicator, before price moves a particular direction. Remember, your psychology is the most important factor pertaining to your long term profitability, don't get hung up on wins and losses, execute your edge as close to perfect every time, and never forget, ANYTHING CAN HAPPEN. Good luck.
 
Trader447 said:
Really. I know many day traders including myself, who use tick charts to trade the ES. All are highly profitable. I've only been trading for five years, first year was break even, subsequent years have been profitable, ranging from 80%-150%+. There is no one style of chart that benefits more than others, they all represent the same basic information. If your an experienced day trader, you probably should point new traders toward developing their mental edge.
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i doubt if you are really successful using tick charts to daytrade..as different people will have different value on success..it is very easy make 200% with small money..to do it with a large sum of money is not the same.. especially if the money is your own..but..feel free to prove me wrong..which i doubt very much you will :)
 
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