Futures Tick Chart 2 Grid 10000 & 400 w RSILg

mc01439

mc01439

Member
VIP
Nice clean charts.

Most people I talk to do not like to trade with tick charts because they must be monitored closely. I find they give me a better feel for the market and allow me to act faster than a time chart.

400 ticks on oil is very fast – you can make a lot and loss a lot very quickly.

The move Tuesday that started at 11:13 was a $2100 move per contract. Been trading CL (oil) for many years. Most retail traders would of missed the move because the days before the move was mostly chop. The chop before these type moves take the weak holders out because of the losses during the chop period.

By the way - your RSIlg did a nice job of confirming the entry and the exit. Beautiful isn't it!

Thanks for posting
 
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markos

markos

Well-known member
VIP
Hi @mc01439 , have I seen you in thinkscript lounge with Moius, JQ, MTS1, and the rest?
I'm glad you liked the tick charts. When I was a member of theotrade, one of the instructors was using tick charts to trade /NQ.

Yes, the way Mobius set that particular RSILg up is pretty special. You probably know that Mobius' Father was an oil trader. Tough biz, glad you've been at it for a long while as it's been known to chew people up. I guess that's the beauty of tick charts, they move fast so that a person CAN keep up with a fast moving market. Good trading, Markos
 
mc01439

mc01439

Member
VIP
Hi @mc01439 , have I seen you in thinkscript lounge with Moius, JQ, MTS1, and the rest?
I'm glad you liked the tick charts. When I was a member of theotrade, one of the instructors was using tick charts to trade /NQ.

Yes, the way Mobius set that particular RSILg up is pretty special. You probably know that Mobius' Father was an oil trader. Tough biz, glad you've been at it for a long while as it's been known to chew people up. I guess that's the beauty of tick charts, they move fast so that a person CAN keep up with a fast moving market. Good trading, Markos
I have been a lone wolf the past 25 years. Just over the past 2 or 3 years have I started looking at the chat rooms. Robert's site was the first one I started looking at.

Funny thing- been with TD since they purchased Datek (broker from the past), did not know of Mobius until this site. I used Strategy Desk and auto traded. Went with Thinkorswim after TD stopped supporting Strategy Desk.

Retired now so doing this more for enjoyment. Have a good one.
 
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T

tabs999

New member
I use tick charts exclusively but i fail to understand what this indicator is used for?
 
mc01439

mc01439

Member
VIP
I use tick charts exclusively but i fail to understand what this indicator is used for?
That is the thing about trading and indicators. Different traders use the same information and indicators in different ways. @markos does a great job outlining how he and the code writer uses the indicator. https://usethinkscript.com/threads/rsi-in-laguerre-time-with-fractal-energy-momentum-trend-indicator.116/page-2#post-2128

Perfect example from :thinkScript Lounge today. Trade what makes you money, pick your weapon and become an expert with it.

08:56 Mobius: nope - no interest in tick charts whatsoever
08:59 AlphaInvestor: Mobius +1
09:08 MTS1: I like tick charts for trend lines etc and seeing trends. Not sure what you wizzes have against them ;)
09:15 Mobius: I don't have anything against them. About like Slap-Chop. I know they're out there but I've no interest in using one. I do very well without Slap-Chop or Tick Charts.
09:16 Mobius: If you don't know how to use a knife maybe a Slap-Chop is just th ticket for you.
 
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