Tick vs Candlestick

[Mr. Tenacity]

Traders,

I was wondering if anyone had a preference to Tick charts over Candlestick or vice-versa. Please explain why one is better than the other. This is a question mainly for daytraders. Thanks

 

[emg]

tick chart overload your IP bandwidth causes computer freeze constantly.


Candle chart does not require too much power to overload the IP bandwidth.

 

[Mr. Tenacity]

I work for a prop firm and I was advise to incorporate tick charts in my trading arsenal . I understand it's important because it's pretty much a visual chart of time and sales. Tick chart may be best for scalpers

 

[stock777]

Quote from emg:

tick chart overload your IP bandwidth causes computer freeze constantly.


Candle chart does not require too much power to overload the IP bandwidth.

Sell that Commodore 64.

 

[emg]

I'll sell my Macintosh 1979

Processor

CPU: MOS Technology/SynerTek 6502

CPU Speed: 1 MHz

FPU: none

Bus Speed: 1 MHz

Register Width: 8-bit

Data Bus Width: 8-bit

Address Bus Width: 16-bit

ROM: 12 kB

Onboard RAM: 48 kB

RAM slots: 1st expansion slot can be used

Maximum RAM: 64 kB

Expansion Slots: 8 proprietary

 

[Mr. Tenacity]

wow, that is a nice set up....LMFAO

 

[wrbtrader]

Quote from Mr. Tenacity:

Traders,

I was wondering if anyone had a preference to Tick charts over Candlestick or vice-versa. Please explain why one is better than the other. This is a question mainly for day traders. Thanks

Both are good but it depends on your trading style as a day trader. For example, if you're scalping (most folks consider such as day trading)...go with tick charts.

However, if you're using candlestick pattern signals...you obviously need candlestick charts. There are other day trading situations where one will have preference versus the other. Yet, the point is you have to know your type of day trading style to determine which is better.

Mark

 

[deadbroke]

Quote from Mr. Tenacity:

Traders,

I was wondering if anyone had a preference to Tick charts over Candlestick or vice-versa. Please explain why one is better than the other. This is a question mainly for daytraders. Thanks

For women, candlesticks win hands down.

 

[brownsfan019]

You can have a tick chart that is displayed in candlestick form.

Think you meant to ask - tick chart vs minute charts (as well as volume based charts or range charts or etc. etc.).

Candlestick is just a way to format how the chart is displayed.

 

[stock777]

Quote from emg:

I'll sell my Macintosh 1979

Processor

CPU: MOS Technology/SynerTek 6502

CPU Speed: 1 MHz

FPU: none

Bus Speed: 1 MHz

Register Width: 8-bit

Data Bus Width: 8-bit

Address Bus Width: 16-bit

ROM: 12 kB

Onboard RAM: 48 kB

RAM slots: 1st expansion slot can be used

Maximum RAM: 64 kB

Expansion Slots: 8 proprietary

?mac, looks like an Apple II to me

no, I think you're just posing as an old fart, who would never have made a mistake like that