Why do people use Volume, Range and Tic charts?

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Quote from Lamont_C:

So do I. But I find so many traders waiting for a "bar" to "close", or for a "candle" of some sort to form, focusing on whatever choice they've made to display price and largely ignoring price itself, much like plotting indicators then focusing on the indicators.

LC
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I always enter right before the bar closes. Whether it is few seconds, tick or cotracts left. I think that after the bar closes, it might be a bit late since the price might move.
 
Quote from RedDuke:

I always enter right before the bar closes. Whether it is few seconds, tick or cotracts left. I think that after the bar closes, it might be a bit late since the price might move.
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My point was that the bar, etc, exist only in the mind of the trader. Price is a continuum, and where and when a bar closes is irrelevant to what price does.

LC
 
ProfLogic,

Further to my findings on perfect square ratios of chart nesting, I have another querie.

Do you ever change your chart sequence while trading, depending on market conditions?

For example, after a major data release when the market is moving fast (perhaps once or twice a week), I am finding that a 3 square sequence of chart nesting is slightly clearer than the four square (in my particular market anyway). Then again, when things are settled and normal trading is going on, the reverse is true and I am finding that the 4 square sequence is slightly clearer. Similarly, as I am doing fib extensions on the entry bar on the trend chart (largest number) to see targets and fib cluster support and resistance - it is important that this slowest bar chart is the correct one for prevailing market conditions. Someone else also pointed out this a couple of pages back (re: trend chart being slightly out sometimes). Especially in fx, the tempo of market movement is much more variable than most other markets (especially post a big NY open data release), so perhaps this question might be more relevant for that particular market.

Not much in it between the two, but just some observations I have made. For the sake of simplicity do you stick with one sequence all the time or is it better to learn to flip sequences depending on prevailing market conditions?
 
Quote from NZDSPeCIALISt:

ProfLogic,

Further to my findings on perfect square ratios of chart nesting, I have another querie.

Do you ever change your chart sequence while trading, depending on market conditions?

For example, after a major data release when the market is moving fast (perhaps once or twice a week), I am finding that a 3 square sequence of chart nesting is slightly clearer than the four square (in my particular market anyway). Then again, when things are settled and normal trading is going on, the reverse is true and I am finding that the 4 square sequence is slightly clearer. Similarly, as I am doing fib extensions on the entry bar on the trend chart (largest number) to see targets and fib cluster support and resistance - it is important that this slowest bar chart is the correct one for prevailing market conditions. Someone else also pointed out this a couple of pages back (re: trend chart being slightly out sometimes).

Not much in it between the two, but just some observations I have made. For the sake of simplicity do you stick with one sequence all the time or is it better to learn to flip sequences depending on prevailing market conditions?
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I stick with one set of chart squares all of the time. Believe it or not I use the same set (different increments) in every market I trade and I trade 66 different markets not counting the FOREX. I never switch in mid stream though. Once I determine an intraday square I use one for intraday, the next slower for swing, the next slower for position and so on.
 
Are you saying that you may use different squares for the same instrument (assuming its daytrading) on different days? Or will it always be the same square regardless of what day it may be. Thks


Quote from ProfLogic:

I stick with one set of chart squares all of the time. Believe it or not I use the same set (different increments) in every market I trade and I trade 66 different markets not counting the FOREX. I never switch in mid stream though. Once I determine an intraday square I use one for intraday, the next slower for swing, the next slower for position and so on.
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Quote from billp:

Are you saying that you may use different squares for the same instrument (assuming its daytrading) on different days? Or will it always be the same square regardless of what day it may be. Thks
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I use one set for each market every day. They do not change on a daily basis.
 
I spent a good portion of my time this weekend playing with various squares and other timeframes on vol charts. My personal conclusion is that it doesn't matter.

Using multiples of 3 or 4 across my various timeframes (high, trading, and low) gives me the same coherence of varying detail as did the squares approach. I didn't find the squares approach flexible enough to present the chart in the shapes I am used to seeing in some markets I follow.

PL, thanks for sharing the info though. I appreciate being given the opportunity to explore original ideas.

Kind regards,
MK
 
Quote from marketsurfer:

please read proflogics post objectively. mostly psychobabble with several obvious facts included.

the best line--"price will always be stable since it can't be manipulated" think about this. LOL!


no offense meant, professor. you seem like an ok guy, but these things you say need to be addressed since all but the obvious makes no sense.


regards,

surf
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Price is exactly what is being maniplilated. Volume just indicates the effort involved which is of no consequence.

John
 
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