Why do people use Volume, Range and Tic charts?

[marketsurfer]

Quote from Tums:

this is from 2004... the comment is fresh as today.

http://www.elitetrader.com/vb/showthread.php?s=&postid=639510&highlight=surf#post639510

what's most telling, is 4 years later, who is still here and who is gone. most of those posters are LONG gone......

i applaud p.logic and all others who have the passion and wherewithal to stick it out in this game! regardless of our philosophical differences, my hats off to the survivors.

surf

 

[xiaohu]

Quote from ProfLogic:

343 & 2401 are the number of contracts traded per bar.

They are multiples of 7 which is prime.

Before I answer your "bar superiority" question let me set up the answer by asking, "do you understand why some people like 10 minute charts and others like 30 minute charts?

I use 3 volume settings,
233, 1597, 28657.

These are Fibonacci primes

 

[Tums]

this was posted by someone in another thread -- ES 8,000 contracts CVB.

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1613060">

 

[Tums]

by the same person, ES 10,000 contracts CVB.

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1623582">

 

[ProfLogic]

Quote from marketsurfer:

yes, i understand why some people use different time based charts.

# of contracts = tics----- correct?

multiples of 7 which is prime----- it appears we delving into mysticism and numerology here?? 7 is a "carol prime" for those interested in such things.

what is the significance of 343 and 2401?

surf

ps. i was invited to go on this yacht trip today, perhaps you would be interested? remote viewers and all kinds of mystical types on board for the FX market.

http://www.secretforexsociety.com/fantaseaone/

People use Constant Volume Bar charts or the exact same reason people use specific time based charts.

Tics = Transactions not contracts. (This is elementary and you expect people to believe you actually trade?)

Prime numbers have to do with fractals, something else you have no knowledge of . . . like trading.

If you you spend some time expanding your brain instead of your social calendar you would have a little credibility.

 

[ProfLogic]

Quote from xiaohu:

I use 3 volume settings,
233, 1597, 28657.

These are Fibonacci primes

Cool . . . variety is the spice of life.

 

[Tums]

Quote from ProfLogic:

...

Tics = Transactions not contracts. (This is elementary and you expect people to believe you actually trade?)

...

you don't need to know that if you are only papertrading.

;-)>

 

[Razor]

Hi,

I know Prof is extremely busy so I thought I would post this on this thread in the hopes that someone that follows his ideas could comment on my chart. Cheers

Please have a look at the chart below and see if I labeled it correctly. Basically I just used my price oscillator and every time the osc went either +.50 or .50 (black lines are the .50 lines and the red line is the centre line) I looked at price to see if it was making either a HH, HL, LL or LH. If price didn't make a HH, HL, LL or LH with the osc above or below the .50 zones then I didn't mark these points on the chart as what I am thinking is for the actual Primary trends one needs to only mark HH, HL, LL, or LH points when the osc is above or below the .50 zone.

From this chart I basically have the NQ in Primary Bear at the start up until where I have it go into Primary Bull as indicated on the chart...is this correct ?

I would imagine the best thing to do would be to look for only shorts when in the chart is in Primary Bear and only longs when in Primary Bull ?

Cheers


http://i11.tinypic.com/8gio01s.png

 

[marketsurfer]

Quote from ProfLogic:

People use Constant Volume Bar charts or the exact same reason people use specific time based charts.

Tics = Transactions not contracts. (This is elementary and you expect people to believe you actually trade?)

Prime numbers have to do with fractals, something else you have no knowledge of . . . like trading.

If you you spend some time expanding your brain instead of your social calendar you would have a little credibility.

just checking your knowledge.

so im guessing this has something to do with fractal geometry?

that trail is well worn without very many positive results, wonder why??

surf

 

[Razor]

Hi,

I know Prof is extremely busy so I thought I would post this on this thread in the hopes that someone that follows his ideas could comment on my chart. Cheers

Please have a look at the chart below and see if I labeled it correctly. Basically I just used my price oscillator and every time the osc went either +.50 or .50 (black lines are the .50 lines and the red line is the centre line) I looked at price to see if it was making either a HH, HL, LL or LH. If price didn't make a HH, HL, LL or LH with the osc above or below the .50 zones then I didn't mark these points on the chart as what I am thinking is for the actual Primary trends one needs to only mark HH, HL, LL, or LH points when the osc is above or below the .50 zone.

From this chart I basically have the NQ in Primary Bear at the start up until where I have it go into Primary Bull as indicated on the chart...is this correct ?

I would imagine the best thing to do would be to look for only shorts when in the chart is in Primary Bear and only longs when in Primary Bull ?

Cheers


http://i11.tinypic.com/8gio01s.png

PS: Reposted this as I didn't want it to get left behind