Tick charts, what is the purpose or benefit?

Discussion in 'Trading' started by davidcamm, Oct 1, 2008.

  1. What is the purpose of tick charts and how do you know which size to use.

    I figured that the lower tick sizes speed up the flow of the chart and higher ones slow it down so I am right to assume that tick charts are to benefit day traders to see support + resistance levels, tops and bottoms more clearly and more frequently.

    Or am I wrong? if I am then what are they for?:cool:
  2. What is it that you wish to trade