I realized that tick charts are the better option than second based charts. For stocks which are moving fast at the open but show a moderate number of trades within a one minute time frame i use a 34 tick chart. For stocks with a huge number of trades i use a 377 tick chart (fibonacci number). By using a 34 tick chart i wouldn´t get a clear picture because of the huge number of bars showing up.
Nothing to do with selling tops or buying bottoms... those are all relative, anyways. This game is about getting a good price. Both on your entry, and on your exit. This chart is from the market opening today, NQ, first few seconds (9:30 NY time): 9580 at 9:30:10 am or 9585 about 10 seconds later, no matter if you go long or short... thats 100 USD difference per contract. If you only trade 10 contracts, that means 1000 USD more or less in your pocket, within seconds. Isnt that worth some effort to have a closer look at what the crowd is doing ?
NO, I dont, because I do not really use THIS (!?) 1m. I make some money though, doing other ((xM) and (yT)), and even more doing d O M
but the idea is to make money some how if we do not double our expenses every 5 years we have to half our expenses that is every where in the world but Trump need not worry
those baby's can zip on by have you already got the new incarnation of process rolling? would like to hear more as time permits down the road. cheers