ES trading. Tick charts or...?

Discussion in 'Index Futures' started by wskeal, Aug 13, 2010.

  1. wskeal


    Hi. Sorry for my english)

    Can you explain why many traders prefer tick charts than 1min or 5 min charts trading es?

    I use 15min for trend direction and 3min to setup my trade in trend direction only. My results is not so good now.

    But how to use tick charts?

    for example i need to look at trend at 500 tick chart and trigger at 250 tick chart?

    I saw in many webinars (by mirus etc) that many teachers use tick charts and i don't understand why.

    Also i saw that some people use range charts for trading es and please explain me why people prefer not to use timebased charts for daytrading?

    I am newbie so i dont totally understand that)