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I don't know what you mean by trade. I don't give advice on trading its your
money. But I like tick charts over time charts for all "my" analysis and "my"
trading. And yes in general to your question.
Stephen Wandling wrote:
> Thanks Brent,
>
> So, if you have been trading, say the 5 min chart in the S&P, you would then
> be able to trade in the same fashion on 50 to 55 tick charts (10 or 11 * 5)?
> In other words, they are equivalent for trading purposes?
>
> Brent August wrote:
>
> > Yes Its called addition and long division.
> > On the S&P big contract I find that 10 ticks equals about one min.
> > Somewhere between 10 and 11 ticks per min. This is the day session only,
> > does not include the night session. Try your market and see. First I
> > create a chart with 4000 tick bars--100 days back(rspz9--day only). Then
> > I display the chart with the session bars showing. There will be two bars
> > per day, one with 4000 ticks, the other with less. Add the two together
> > to get the total for the day then divide by 405(total min. in the day
> > session).
> >
> > Stephen Wandling wrote:
> >
> > > My question is: Is there a mathematical method of determining the
> > > equivalent value of a tick chart for a given value of minute chart?
> > >
> > > I suspect that the "speed" of the market would be a factor, so I will
> > > presume Emini S&P 500. So, given an 8 minute ES bar chart, what tick
> > > chart would be equivalent? I am more interested in the 'methodology'
> > > than
> > > I am in knowing what 'looks right'.
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