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fearless9

Registered: Jul 2006
Posts: 2057

11-13-06 12:48 PM

I have noticed that people reference to odd (strange) sized tic charts.

17, 55, 89, 317, 610 to name a few.

They obviously know something that I dont know and I would be interested to read the reasoning behind these carefully selected bar sizes.

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5Pillars

Registered: May 2006
Posts: 1870

11-13-06 01:19 PM

I came up with the 317 tick chart through testing to get my "speed of signal" in the range I wanted. For my choice it had to do with the overall running average time per bar intra-day, in context of the speed or frequency of the "volume breakdown" MD indicator I use.

I guess you could say it was developed from trial and error, until I found a tick level that was consistently perfect for me to "read" signals from.

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Bernoulli

Registered: Oct 2005
Posts: 225

11-13-06 01:20 PM

Some people use fib numbers in the misguided belief that there is some hidden order to the trading universe. Others do it to fit a certain amount of data onto screen real estate or to smooth out price display.

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5Pillars

Registered: May 2006
Posts: 1870

11-13-06 01:31 PM

A 380 tick chart is good too........ 19.5 X 19.5 = 380.25 (380 is good enough ).

Also the 330 tick chart (33.0 X 10.0 = 330).

Don't ask me why 19.5 and 33 are VERY significant numbers.

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fearless9

Registered: Jul 2006
Posts: 2057

11-13-06 01:40 PM

Quote from 5Pillars:

A 380 tick chart is good too........ 19.5 X 19.5 = 380.25 (380 is good enough ).

Also the 330 tick chart (33.0 X 10.0 = 330).

Don't ask me why 19.5 and 33 are VERY significant numbers.

You are drowning me in detail 5P.

If you are refering to ES ( which is the only instrument that I know), the tic bar is going to be more relevant to the time of day than some magic set of numbers.

At 09.31, you could not tell a 317 from a 330 tic bar.

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5Pillars

Registered: May 2006
Posts: 1870

11-13-06 01:54 PM

Don't worry about the details........I was just having some fun with that post.

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