If I didn't use tick charts, trading today would be impossible. Tick charts, instead of being oriented toward time intervals, print across the screen based upon the orders coming through the exchange. Imagine trying to trade this chart (3 min chart) without the tick charts shown in my first posting today. Those charts, based upon orders flowing through the system rather than time intervals, were very smooth and clear. This chart, based upon 3 min time intervals, is very erratic and would be almost impossible to trade profitably.
Friday, January 18, 2008
Tick charts a necessity today
