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TFC Commodity Trading Forum

Re: 135 tic
In Response To: (Message Deleted by Poster) ()

Hey Wayne...Consider this: On your 135 tick chart. Say you have a 20 point move from (any) price. And say the chart prints 30 bars to make that move. Then (for demonstration purposes) lets say the price has another 20 point move but this time only prints 27 bars. It can then be said that there were more transactions in the first leg of the move than the second leg. A computerized trading system (robot / black box) can use this to measure volatility or momentum and combine it with other factors to pull the trigger on its trade. Or depending on how much time it took, it may consider the one leg more important than the other. A robot that is scalping, has the ability to filter all kinds of factors in nano seconds.
Your trend lines and pennants show up a little more defined because you are looking at the same information thats on the one minute chart....but with the ticks you're seeing it in higher resolution.

TIMWAR