volume vs time bars


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  • ruvan
  • 17-Jan-2008 at 10:00 PM
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  • Posts: 52
If anyone is using volume (contracts)instead of time charts I'd be interested in learning why.
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  • ruvan
  • 3-Feb-2008 at 12:25 PM
  • Rep: 30
  • Posts: 52
I asked about this before, but never got any feedback: Why do so many traders use a 233 tick chart for ES? John Carter exposed this in his book, but I can't beleive he has much clout.
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  • subq
  • 3-Feb-2008 at 5:04 PM
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  • Posts: 31
quote:
Originally posted by ruvan

If that's the case, why use a chart at all? Just look at a realtime print of prices.


because without a chart it is hard to see the price action, I suppose if you have some super human brain that you can graph information in your head :)
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  • jimkane
  • 3-Feb-2008 at 11:57 PM
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quote:
Originally posted by ruvan

I asked about this before, but never got any feedback: Why do so many traders use a 233 tick chart for ES? John Carter exposed this in his book, but I can't beleive he has much clout.


One of the reasons 233 was chosen is because it is a Fib number. I like it because it shows the price action in one of the bite sizes I like. I also watch an 89 tick for finer detail.
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  • subq
  • 4-Feb-2008 at 6:54 PM
  • Rep: 10
  • Posts: 31
yep, you will see a lot of that tick charts based on some a fib numbers, I used to look at volume charts based on fib numbers but just started going to round numbers on it heh
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