Why do people use Volume, Range and Tic charts?

Status
Not open for further replies.
Trade for today not 4 years ago.

The 343 is a beautiful chart for intraday trading but like all charts, some days are better than others. 3 to 4 days a week Russell is a thing of beauty the other day and a half it is consolidating and a mess. The solution: trade when the chart is easily understandable and stay out when it is confusing. If you only trade when the chart is clear, there will be more than enough profit to make the week a masterpiece.

Thank you for reply. The only problem I trade with Automated trading strategy :). And I need to optimize its parameters based on historical data, thats why I need to somehow scale data from previous years. One possibility I will get two most recent years without any scaling.


I will post some charts latter this weekend and you will see what I mean. I look for oscillations to trade from and any day that I get between 6 and 18 oscillations is a great day.

Enormous scalping for ER2! Can't belive these are realtime trades :). Don't understand how do you exit your longs exactly on top, any rules? For my strategy the opposite is true, I need trends without such intraday waves. And it is always "in the market". Well, I will have very hard time researching new contrtrend strategy.
 
Quote from RedRat:

Thank you for reply. The only problem I trade with Automated trading strategy :). And I need to optimize its parameters based on historical data, thats why I need to somehow scale data from previous years. One possibility I will get two most recent years without any scaling.




Enormous scalping for ER2! Can't belive these are realtime trades :). Don't understand how do you exit your longs exactly on top, any rules? For my strategy the opposite is true, I need trends without such intraday waves. And it is always "in the market". Well, I will have very hard time researching new contrtrend strategy.

Exits are on the Histogram oscillation (color change). The strongest exit or entry is when the histogram is creating an oscilleion above or below those black line on the bottom portion of the chart. AND Only trade one chart at a time.
 
Quote from RedDuke:

Does anyone know if we can ask moderators to change title of this thread? This way more people will look into it. Smoething like

"Why do people use Volume and Tic Charts "

No problem there.
Mods could you close this thread please

regards
f9

RD... perhaps you can kick off a new thread on vol, range and tic frames.
 
Quote from fearless9:

No problem there.
Mods could you close this thread please

regards
f9

RD... perhaps you can kick off a new thread on vol, range and tic frames.

Thanks Fearless. I think we should continue in this thread, it has wealth of info already and more will be added as times goes by.

Regards,
redduke
 
Quote from ProfLogic:

This should give you some idea of the smoothness of the charts. Bedtime.
See ya in the AM.

Proflogic,

Thank your for all of those images...but do you mind posting them in a resolution/format so the words/ # on charts are in readable format?
:p
 
Status
Not open for further replies.
Back
Top