|
PureBytes Links
Trading Reference Links
|
Earl:
I'd agree that things start to paint pretty pictures for me at around thirty
minutes, in active markets...much less than that and it feels and looks chunky.
I know that's heavy technical talk there, but that's the best term I have for
it. I hadn't thought to look at ticks versus equivalent time frames...but I'll
look at them next time I compare the two.
Tim Morge
Earl Adamy wrote:
>
> I've never found that a 20 tick chart bears much resemblance to a 5 minute, or 5
> minute to 30 minute.The 5 minute bears more resemblance to the 30 minute, than
> does the 20 tick to the 5 minute. At 30 minutes the charts begin to bear
> considerable resemblance to the daily, weekly, and monthly. The shorter time
> frames seem to carry considerably more noise, and it's been my experience that I
> can only interpret pivots, channels, and Fibonacci ratios with reference to the
> 30 minute chart.
>
> Earl
>
> -----Original Message-----
> From: Neil Harrington <njh@xxxxxxxxx>
> To: 'Steven Buss' <sbuss@xxxxxxxxxxx>; 'Timothy Morge' <tmorge@xxxxxxxxxxxxxxx>
> Cc: 'Neal T. Weintraub' <thevindicator@xxxxxxxxxxx>; omega-list@xxxxxxxxxx
> <omega-list@xxxxxxxxxx>
> Date: Monday, August 03, 1998 2:03 PM
> Subject: RE: Trading as a way to financial success (a reply)
>
> >markets have a fractal nature to them. One thing that means to me is that if
> >you cover the price and time scales and look at a chart, you would be hard
> >pressed to determine whether the chart was an 8 tick, 3 min, 30 min, Daily,
> >or Weekly chart. Indicators would look the same, Elliott waves would be
> >there, Gann information would be there, etc.
|