Futures Tick Charts or time based

[Billions]

Can someone help me knocking my head around the best time frame for futures tick charts or time based ? Any thoughts?

 

[tradebyday]

Depends on the asset for tick charts. Also you may like range bars (not renko). For ES I like 10,000tick and 4,000 tick. For RTY I like 1,000tick or 5min. Been testing 20tick range bars and 50tick range bars and I am liking what I see on most tickers.

 

[Playstation]

@Billions I believe your question should be "best ticks count for tick charts" or "Time frame for time based charts".
I'm a ticks charts user for index,oil,gold futures, and I believe that's where you see the real price action. I don't like using timeframes on futures as the products move much faster throughout the day compared to stocks. However, this may not apply in softs and financials.

As for the tick counts, I believe you need to adjust as you deem fit to your style. Some prefer to use the default TOS ones, like 512, 1600,3200 etc. Nothing wrong, so long as you are comfortable with the entry and exit. I prefer to use 500/1000/1600/3200.

 

[Playstation]

Btw, some prefer to use fibonacci numbers. I just dont think it's worth that much trouble.

 

[Billions]

@Billions I believe your question should be "best ticks count for tick charts" or "Time frame for time based charts".
I'm a ticks charts user for index,oil,gold futures, and I believe that's where you see the real price action. I don't like using timeframes on futures as the products move much faster throughout the day compared to stocks. However, this may not apply in softs and financials.

As for the tick counts, I believe you need to adjust as you deem fit to your style. Some prefer to use the default TOS ones, like 512, 1600,3200 etc. Nothing wrong, so long as you are comfortable with the entry and exit. I prefer to use 500/1000/1600/3200.

thank you for your help

 

[Billions]

Depends on the asset for tick charts. Also you may like range bars (not renko). For ES I like 10,000tick and 4,000 tick. For RTY I like 1,000tick or 5min. Been testing 20tick range bars and 50tick range bars and I am liking what I see on most tickers.

Thanks

 

[inthefutures]

I like tick or volume bars, but my custom indicators all work better on a time chart

 

[Trading51]

Can someone help me knocking my head around the best time frame for futures tick charts or time based ? Any thoughts?

Depending on what size swings your aiming for ?

 

[Billions]

Depending on what size swings your aiming for ?

hi @Trading51 I would like to know about scalping and also for the day I never swing futures as of now

 

[Trading51]

hi @Trading51 I would like to know about scalping and also for the day I never swing futures as of now

Scalping now is fine now that the average rotations have narrowed a few weeks back it was a higher risk, you can use tick charts, I use time and I like for trapped prices as my main methodology and I use the slope of any indicator or good smoothed average, what indicators do you use and ill see if ii can craft something for what you are doing, for ES scalping 2-5 min and the 15 min as a guide.

 

[Billions]

Scalping now is fine now that the average rotations have narrowed a few weeks back it was a higher risk, you can use tick charts, I use time and I like for trapped prices as my main methodology and I use the slope of any indicator or good smoothed average, what indicators do you use and ill see if ii can craft something for what you are doing, for ES scalping 2-5 min and the 15 min as a guide.

I'm using 1600 tick and 3200 tick I use Top Ultimate breakout and MA(50,20,10) and Macd any help I would Appreciate