Tick Scale vs Time Scale

[ironchef]

Simple is and in trading it pays !!

Yes, it is so true.

 

[ironchef]

Your increased performance with TOS tick charts begs the question if perhaps your better performance might be due to a higher number of bars per time frame than you had, say with a 1 minute chart. You might average 3 or even 5 times more bars and thereby have more granularity and better performance. Just a possibility. Most people don't feel they are nimble enough to benefit from more bars, but i suspect some can. I've tested both tick charts and 5 and 10 second bars with some success. I'm still trading with 1 minute charts but when time allows will run the 5 second alongside the 1 minute.

That is an interesting conjecture.

Taking to the limit, it says the best chart is tick by tick, or tape reading, like what Livermore used?

 

[Cam12]

I find using ticks gives smoother price action espeically during times of low volatility/liquidity

 

[ironchef]

I find using ticks gives smoother price action espeically during times of low volatility/liquidity

Yes, I switched over to using ticks and the price action is indeed smoother.