Breakout, While I agree that tick and time based bars both have their uses, I have to call foul on your 100T and 5m example. They are nowhere near the same timeframe. A 100T chart on ES is similar to a 1m chart, not a 5m. Wouldn't your S/R levels be just as visible on a 1m chart?
Hi Jeff...that's okay, someone usually does. lol I just wanted to give a clear example, so DGBrothers would get my point. You should have seen the 30 minute chart I was thinking of using...hehe
Hey Jeff... I'll try to be a little more fair this time...hehe Here's 2 charts: The first is a 1 min between 8:40 and 9:30, and the second is a 100T from the same time period. You're right, they are similiar, but I feel I can see a little more with the tick chart. I guess it's just a matter of preference. Cheers!