Why You Should Be Using Tick Charts When You're Day Trading

Рет қаралды 50,807

4 жыл бұрын

Hey y'all! I wanted to make this video for you on using tick charts before I head to the beach. Using tick charts when you are day trading will significantly help you in a number of ways that I talk about in this video.
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Пікірлер: 158

@buyhighselllow8398 10 ай бұрын

I noticed the most valuable trading KZfaqrs are the ones with low amount of subscribers. You are a gem. Please keep doing what you're doing. You're a legend!

@bwv1044 Жыл бұрын

I tried tick charts as an experiment and it has changed everything, you are 100% right. Chart has become "normalized" during volatile and non-volatile periods, the patterns are more precise, there are more of them and give higher propability. I will never go back to time charts for entries.

@kenedifsm 5 ай бұрын

Love this video, i was in a high streak of winning days and went in on a nasty 5 day slump. this video just cleared my whole mind

@marisarhodes2446 2 жыл бұрын

Time charts are helpful in uncovering the "impatience" factor. So important to my results, and yes, that's what I missed when using tick charts.

@jktrader37 2 жыл бұрын

this presentation is just fantastic. I have been switching back and forth from Time Tick charts for way too long. This single presentation is exactly what I needed. You know what to look for ! That's what it's all about !! Thumbs up + Subscribed !

@maxwellmccloud5325 2 жыл бұрын

Hey man, fantastic explanation of the tick chart. One of my favorite channels is the day trader next door. He uses the tick chart and he did a video about it but it wasn't nearly as in-depth as this one so thank you very much

@BrianWeber 2 жыл бұрын

That’s awesome to hear Maxwell and no problem at all!

@johnanthony7635 3 жыл бұрын

Brian, thank you so much for making this excellent presentation comparing tick and time charts. This by far is the best I have ever watched! I am now a subscriber to your channel and thank you again.

@BrianWeber 3 жыл бұрын

Of course anytime John!!

@dougsmith7362 3 жыл бұрын

In Thinkorswim you should turn on 'sync crosshairs position' to show your pointer position in both charts simultaneously

@BrianWeber 3 жыл бұрын

Thanks, Doug! I'll make sure to do that next time I make a video with ToS :)

@blockchainfork 10 ай бұрын

I thought the same.

@OtRatsaphong 3 жыл бұрын

Thank you for this great comparison of tick charts vs time-based charts. I can now see the value of tick charts for day trading.

@BrianWeber 3 жыл бұрын

No problemo sir!

@nagarajjyoti Жыл бұрын

Wow... It will be a game changer for me. Thank you so much for sharing...

@johnmcashill9919 2 жыл бұрын

Very interesting video, thank you. I hope that you will make more videos!

@Zokimaster Жыл бұрын

I use Tick 8 with some momentum indicators, side by side with the chart where I go from M1 to M5 and higher. Except in the most idle time, tick chart shows always much more information what is going on inside M1. For overview of small, midsize and bigger trends I monitor higher TFs anyway, but at least I don't guess what one particular candle is going through (as many professionals), I rather see that closer and more precize and when I need it, I look inside M1 too. Thank you.

@horsepastedelish Жыл бұрын

Thanks for taking the time to put this together

@BrianWeber Жыл бұрын

No problem at all

@nyxdoc2801 4 жыл бұрын

Outstanding. Thanks for sharing. Lots of respect from here in Iran 🇮🇷

@BrianWeber 3 жыл бұрын

Thank you very much!

@Netflixlover1122 2 жыл бұрын

Nice video u have to be the type of person who doesn't suffer from paralysis by analysis, quick decisions, trade has to be itm within seconds... ticks with awareness of key levels is important👍

@bond3245 2 жыл бұрын

You just gave away something at one point in this video that has easily made tremendously 10x easier to trade futures. Insane, God bless

@BrianWeber 2 жыл бұрын

Awesome Bond and God bless you too!

@DayVid-il6mv 3 жыл бұрын

Absolutely sick video bro. Mad respect 👍

@BrianWeber 3 жыл бұрын

Thanks dude!

@spencerwinston4334 Жыл бұрын

Brian, first rate market surf lessons in finding the best surf board "tick" tools to trade the Index Big Blue Waves. Appreciate the way you prepare and scope the market surf conditions using tick charts just like Laird Hamilton screens the Hawaiian Big Blue Waves before "jumping in to deep waters." Perhaps, as an observation, imo, add volume profile as tool to the chart as well as pivot levels for the added X-Ray view of surfing conditions and clarity on entry points. Ty Brian, for sharing your vast trading expertise with fellow traders/"market surfers" across the world on YT. The truth shall set us all free on the market level as well as on the deeper big blue spiritual waves of liberation. Ready to "duck dive" now and "hang ten" out on the Wall Street surf this morning with my new tick chart surf board. Pacifico beer cheers. Smashing the like button. New US subscriber.

@BrianWeber Жыл бұрын

hahahahahaha thanks Spencer!

@JamesWilliams-qn5cq 2 жыл бұрын

Gr8 Video !!! Thx a Ton 4 the Post.

@BrianWeber 2 жыл бұрын

No problem James!

@mikeparker2520 Жыл бұрын

To see trend changes, tick charts are better than time settings (esp with Heiken Ashi candles)... but the 1-day ATR setting with range bar charts are even better.

@kthrapp340 3 жыл бұрын

Good Video Brian!! I also love tick charts for intra day trading!! I keep a 3 min chart up to left all the time also just so that I do not lose my way with in the big picture. But all my trades are executed on the tick charts. During those times of consolidation you just have to be a little careful so that you do not over trade. They are a lot of fun.

@BrianWeber 3 жыл бұрын

Thanks Kevin and I agree!

@stephennn403 2 жыл бұрын

Hey Kevin , and for the tick charts , how many you have on your screen and how many ticks are set up 🙂

@kthrapp340 2 жыл бұрын

@@stephennn403 Right now I trade the ES Micro E-Mini. My charts are 2 or 3min chart, a 800 tick chart and my shortest term chart is 150 ticks. Works very well for me.

@kthrapp340 2 жыл бұрын

How are the charts working for you @Hap?

@stephennn403 2 жыл бұрын

@@kthrapp340 not so well Kevin , I was using 500 ticks as a 5 and 90 ticks for scalping but I couldn't have 90ticks the candles were jumping like crazy when the stock was volatile... So I went back to 1 min 5 min and 1 hour , I was hoping to see more market structure on tick charts cause I'm a market structure trader , but nu way with those candles jumping around like a bunny bunny :/

@thatturkishkid 3 жыл бұрын

Great video 🤙🏽🤙🏽 good info. For those who want to learn real trading, watch this again.

@BrianWeber 3 жыл бұрын

Thanks AJ!

@KingSaha Жыл бұрын

Thanks good video👍

@johncoruna 2 жыл бұрын

Great video with those 2 side by side charts

@gladheateherfruehauf4230 3 жыл бұрын

Hey Brian, great video by the way. Just getting started in day trading Futures probably S and P. This research is all a bit overwhelming. Trying to do some do diligence before I jump in. Any courses you could recommend or books every day trader should read? Also, what platform is this? Thanks in advance.

@iTradePrices 2 жыл бұрын

thx nicely explained

@red_day6097 2 жыл бұрын

Interesting. Might be able to use this to help find imbalances also.

@williamspringer9447 3 жыл бұрын

Great content. Thank you.

@BrianWeber 3 жыл бұрын

You’re welcome William!

@AntonioGomez-gg7dd Жыл бұрын

Great video

@didogou 3 жыл бұрын

great video Mr. Brian, thank you! I've just discovered the existence of tick charts a few days ago since I started reading Bob Volman's book on scalping. I'd like to know, if possible, what platform or software do you use for the tick charts?

@BrianWeber 3 жыл бұрын

Thank you! I use Tradovate and sierra chart for tick charts

@jakecondemn3209 2 жыл бұрын

Great explanation!!! Do you know if/how to get a tick chart on Tradingview?

@Kusun0ki 3 жыл бұрын

Hi mate great vid. Happy I’ve found your page. So for a 1 min scalper how many ticks would you suggest?

@BrianWeber 3 жыл бұрын

Thanks Kev! I don’t usually trade that small of a timeframe, but maybe 25-50 ticks. You probably need to backtest different settings based on the instrument

@onpassivebusiness6212 6 күн бұрын

Thank You

@krampusx9784 2 жыл бұрын

I've just discovered the ability to have a 1 day 30 tick chart on ThinkorSwim by using the custom settings. I didn't think it was possible. I am definitely a scalper and find the 1 minute too slow. I'm looking forward to checking out this new chart style.

@rombusworkmoney22 Жыл бұрын

1 min time frame isn't the lowest available. There are lower time-based time frames.

@susannaho2069 3 жыл бұрын

It is working well! Thanks for sharing this great information! ❤️❤️ Does it work for stock trading as well?

@BrianWeber 3 жыл бұрын

Awesome Susanna!! Yes I think it can, but each stock is different so you would need to fine tune the tick size for each stock

@austincole7508 3 жыл бұрын

A well explained video but reading and mastering the charts is not an easy task for a beginner, if you can't handle it. I highly recommend you hire a qualified personnel who can decipher it and assist you.

@marceldubois8072 3 жыл бұрын

I decided I could do it on my own, I even used indicators and I am yet to yield profits can you assist me in anyway?

@adammuller9594 3 жыл бұрын

To fully understand the market you have to fully devote your time to research.

@timothyklaw5277 3 жыл бұрын

I'm still new to trading so I am practicing with a demo account

@austincole7508 3 жыл бұрын

I am still supervised by the distinguished CONS. Edwin Earl and i rely on his experience to make profits weekly

@luigibaldo103 3 жыл бұрын

I keep seeing CONS. Edwin Earl recommendations, I would like to know more about his services?

@benreynolds18 3 жыл бұрын

Hell ya, nicely said

@BrianWeber 3 жыл бұрын

Thanks Ben!

@stephennn403 2 жыл бұрын

Hey Brian I'm a time base chart trading and huge fan of market structure on 1min and 5 min Chart , if I switch to tick chart will 233 tick chart be 5min on time base as you used in the video and 1 min ?

@bill.Latham 2 жыл бұрын

Great video, for overall market direction would it be better to use a multi time chart in time, or ticks when day trading using ticks charts? Thank You

@BrianWeber 2 жыл бұрын

Hey William. Multi time chart would be better for overall market direction like weekly -> daily -> 4H/1H -> 5min/1min or tick chart

@10degreesbtdc 2 жыл бұрын

Great video! Sync crosshairs would have made it even better, imo

@harshrajjadhav940 3 жыл бұрын

For day trading/ scalping I can't live without tick charts. Price action is so much cleaner

@harshrajjadhav940 3 жыл бұрын

@TradeYoYo depends on the instrument !!

@scottaustin7237 3 жыл бұрын

Thanks for the video. Can you tell me if it is possible to create alerts on Think or Swim based on the tick charts instead of the time charts? Thank you.

@BrianWeber 3 жыл бұрын

Hey Scott. Yes you can

@cryptofool7247 2 жыл бұрын

This comparison makes no sense to me. The detail level of the two charts being compared is so different that it's apples and oranges. The way to do this comparison is to compare two charts with roughly the same number of bars on them. For example, in this case, the time chart should be a 1 minute, not a 5 minute. The structure Brian is saying can't be seen on the time chart could be just as obvious as on the tick chart if it were a 1 minute.

@krahsloop 2 жыл бұрын

Thanks for this! Quick question: Can tick charts be used for stocks as well? If so, how do you determine the tick number for your chart?

@BrianWeber 2 жыл бұрын

No problem Scott! Yes Rick charts can be used on stocks. You would have the adjust the number of ticks as needed based on the stock you’re trading by visually inspecting

@3gaviola 2 жыл бұрын

Brian, I appreciate this nice educational video; had a question, is there any connection between this tick chart and the other type of tick chart like $tick, and when they talk about negative 1000 or positive 1000 tick, just wondering if there’s any connection here.

@ssrwarrior7978 2 жыл бұрын

No comparison with this then with $TICK, ... $TICK for overall market trades on entire stock exchange for multiple stock as opposed to one stock. $TICK is basically number of trades on an exchange as opposed to a particular stock ....

@clarsen07 Жыл бұрын

hey brian great video thank you, stupid question how do you add the tick chart? to TOS

@BrianWeber Жыл бұрын

Hi Clarsen. The tick charts are in the same spot where the shorter timeframe chart settings are

@_nayl7288 Жыл бұрын

can you assist me in this query, ass that 2 candles in tick chart have same size ( pip movement). both are reasonable size not small or with long wicks. 2 of them took 1 min to form , the other one took 5 min. to form what would each one means ? if my question is not clear please tell me to explain more

@sunflowerhk100 2 жыл бұрын

Great explanation! Subbed also because you sound really nice :-D A question: why we can use tick charts or time charts for indexes and etf? don't the indexes and etf move with the price actions of a BASKET of stocks? even though people buy the etf, it would not affect much how the etf/index move, right?

@BrianWeber 2 жыл бұрын

Hey thanks! You can use tick charts or time charts with ETFs such as the SPY or QQQ no problem. Time charts are self-explanatory, but for tick charts you will have to adjust the number of ticks based on the index's movement to not be too "noisy". If you buy the ETFs you are in fact buying the underlying stocks per their allocation so it would directly affect how the ETF and individual stocks move to a degree.

@sunflowerhk100 2 жыл бұрын

@@BrianWeber Thanks for your reply. Could you please explain how you adjust the number of ticks based on the index's movement to not be too noisy?

@BrianWeber 2 жыл бұрын

@@sunflowerhk100 it is a trial and error process to find what works best for you to represent the price action. Less ticks is more granular (more candles) and more ticks is more coarse (less candles).

@davidplyler8173 3 жыл бұрын

If you make your cursor sync with both charts it'd make it easier to follow. Good video.

@BrianWeber 3 жыл бұрын

Thanks David! I’ll make sure to do that for the next vid

@nick0lasj0nes73 Жыл бұрын

Is a tick chart the same as a range chart?

@FundedFuturesTrader 3 жыл бұрын

I also like to implement Range chart in conjunction with a tick & time based chart. Have you used a Range chart?

@BrianWeber 3 жыл бұрын

Hey Steve! Yes I have used range charts before. They are great in low activity to cut out the noise 🤙

@sakinasai9538 3 жыл бұрын

How do you know on Tick charts where it has reached the highest or lowest price of the day for intra day trading, so we can take the trade and let it run until the end of the trend where price would reverse. How do you see if there was a previous high where the price retraced to and reversed so we can get in for a long ride on a down or uptrend. Thanks

@BrianWeber 3 жыл бұрын

Hey Sakina. Seems like your question is focused on plotting previous highs and lows from other. trading sessions rather than tick charts themselves. You would have to create a study that plots the high and low prices of the day, previous day, etc.

@rombusworkmoney22 Жыл бұрын

1 min time frame isn't the lowest available. There are lower time-based time frames. How do they compare to tick charts?

@mrzero8658 Жыл бұрын

what tick size to use

@user-mu7ee3ux7u 3 жыл бұрын

Hi there thank you for sharing a great content could I ask sth if you don't mind ? How do we get tick chart you like you What platform do you use ? Thank you.

@BrianWeber 3 жыл бұрын

Hi. What do you mean sth? You can use pretty much any platform that supports tick charts. I use Thinkorswim

@user-mu7ee3ux7u 3 жыл бұрын

Thank you for your replied sth refer to "something" as you can see I'm learning in english so hope you wouldn't mind. You know the reason that I ask because In this country we don't have much broker or platform that provides tick chart for us to trade so just want some suggestions from you pro. Thinkorswim that sounds cool ! if you have a platform or any broker more than thinkorswim it would be welcome. ^^ And thx again.

@BrianWeber 3 жыл бұрын

@@user-mu7ee3ux7u oh no problem! Platforms I recommend are thinkorswim, Tradovate and Sierra chart. As far as brokers go, I’m not sure. You can check with td Ameritrade, Tradovate and AMP

@user-mu7ee3ux7u 3 жыл бұрын

@@BrianWeber Thank a lot Brain I will try it open to an international.

@MrPotScraperz 3 ай бұрын

How to enable it on Tradovate

@mickeyflanagan4019 3 жыл бұрын

Is there a tick counter on through charts that counts down to the end other bar?

@BrianWeber 3 жыл бұрын

Hey Mickey. I believe there is a tick counter in ToS and other platforms like Tradovate and Sierra chart. On ToS my tick counter counts up to the tick size I have set

@julioc4978 3 жыл бұрын

Great video, Dumb question why 233 ticks instead of say 1500 ticks? or any other value? Cheers

@BrianWeber 3 жыл бұрын

Thanks Julio! The number of ticks depends on the instrument you’re trading. A good rule of thumb is if you want more granularity in price action, use a smaller tick value.

@arzavier2575 4 жыл бұрын

Can you speak on the different kinds of tick number and what would they be best for

@BrianWeber 3 жыл бұрын

Hey Arzavier! Sure - each instrument is different when it comes to selecting the tick number so it's best to test for each case. It depends if you're a scalper where you would want more granularity by having a smaller tick number, or a position/trend trader where you would want more coarsely by having a higher tick number. For example a 512 tick chart shows more price action (more candles) than a 1024 tick chart. This could help you identify reversals sooner at a level of interest and keep your risk lower. Hope this helps!

@weeb8357 3 жыл бұрын

@@BrianWeber whats a good number of ticks for scalping ? 72?

@BrianWeber 3 жыл бұрын

weeb it depends on the instrument and the closest structure to take profit. But I aim for 20-30 ticks on NQ. More if there’s volatility

@markfreeman3287 3 жыл бұрын

what tick settings that you find best compared to 5 mins?

@BrianWeber 3 жыл бұрын

Hey Mark. It depends on the instrument/stock. But for ES between 500-1000 and NQ half that

@GrimmReapa 9 ай бұрын

Unfortunately tos won’t let you scan using tick. I wonder why 😂. I use 1000 ticks. Too often my scanner will find a stock with high volume 1 million plus and it only has 1 bar on the tick chart.

@Hyporama 3 жыл бұрын

Was taught futures by a guy who used the 5 minute charts and basically just sat there with his finger on the button. Totally nerve wracking. This shows what's behind the curtain. Thank you

@BrianWeber 3 жыл бұрын

No problem!

@GamerAnt007 3 жыл бұрын

Which soft u use to plot thr tick charts. Please reply❤️

@BrianWeber 3 жыл бұрын

Tradovate or ThinkOrSwim

@GamerAnt007 3 жыл бұрын

@@BrianWeber ❤️❤️❤️

@Oct-jy4dz 8 ай бұрын

For SPY 0DTE option trading, what time frame with number tick chart you will recommend it? Thanks.

@BrianWeber 19 күн бұрын

I don’t trade 0dte options so I’m not sure what is best for this type of trading.

@Link-ny9xz 2 жыл бұрын

how do you set up a tick chart in TOS?

@BrianWeber 2 жыл бұрын

Under the chart settings you can configure your favorite timeframes. Tick chart is only intraday I believe

@jedseeley4349 3 жыл бұрын

Hi what website do you use to view a tick chart? I can't find a provider!

@BrianWeber 3 жыл бұрын

Hi Jed. Ninjatrader as Fernando mentioned and many other platforms like ThinkOrSwim, Sierra Chart, Tradovate, etc.

@yakkyuu12 3 жыл бұрын

TD Ameritrade -- the think or swim active trader also has Ticks that you can create any number of ticks you want

@ankitchatriki6784 3 жыл бұрын

how do I get the tick chart for TOS.

@BrianWeber 3 жыл бұрын

It’s under chart settings where you can set a default tick chart.

@GamerAnt007 3 жыл бұрын

What trading platform do you personally use btw bro

@BrianWeber 3 жыл бұрын

I use Tradovate now

@GamerAnt007 3 жыл бұрын

@@BrianWeber Is there any free membership of tradeovate, i only find paid :(

@BrianWeber 3 жыл бұрын

@@GamerAnt007 yes there is a free 14 week trial then after that you have to pay for the data. Cheapest per month is $3 for CME top of the order book. You don't have to pay for a membership unless you want a discount on commissions.

@DTTOM 3 жыл бұрын

Are you still using a 233 tick chart on the Nasdaq Futures?

@BrianWeber 3 жыл бұрын

Hey Tom. I’m using a 512 tick chart right now

@kidpoker007 2 жыл бұрын

Can you use for futures trading

@BrianWeber 2 жыл бұрын

Yes that’s where I would recommend the most

@shivasainadhuni3602 Жыл бұрын

Can we use EMA with tick chart?

@BrianWeber Жыл бұрын

Of course

@ashishsystems Жыл бұрын

Which platform is best for tick charts

@BrianWeber Жыл бұрын

Most platforms have the ability to display tick charts. But ThinkOrSwim is definitely the easiest

@ashishsystems Жыл бұрын

@@BrianWeber I am from india so i dont have acces to think or swim platform but i use tradingview and interactive brokers they dont have tick charts.

@nirajvijaydaglii2498 3 жыл бұрын

For 1 minute candle how many tick should be there??

@BrianWeber 3 жыл бұрын

That depends on the instrument. I suggest testing different settings

@nirajvijaydaglii2498 3 жыл бұрын

@@BrianWeber thanks for the reply.. Can you explain in detail

@kidpoker007 2 жыл бұрын

Does tradingview have tick chart

@BrianWeber 2 жыл бұрын

Yes but I think you have to code it as an indicator

@raymobettyboi9606 Жыл бұрын

Tick charts with supply and demand is gold

@Jacked2theTs Жыл бұрын

I know this video is a few years old.... BUT why are you using a 5-minute chart, to compare to this tick chart, when it seems pretty clear to me, that you should've been comparing it to a 1-minute chart?.... Ok, so I asked the question a little prematurely but you still should've switched to a 1 minute, because the difference isn't that drastic. And depending on your trading/charting platform, you can drop below 1-minute and go into the seconds. Which is just another way to obtain granularity. And don't get me wrong. I'm not saying tick or time charts are better or worse... I'm just saying that even with a time chart (depending on platform), you can still gain more granularity in the price action, by drilling down under the 1-minute time frame. So one really isn't better than the other.

@stephennn403 2 жыл бұрын

Hey there , are you a tick chart trader day by day ?

@vortexquantum5843 2 жыл бұрын

500 LIKE mine .

@edwardsciacca8012 10 ай бұрын

first need to change background .2nd U look like U just got out of BED . now your doing a lot of explaining. what R U using do U have a Script or your trading by HAND . REMEMBER all people R not the same . some think Fast other Don"t . buy the time U figure out what may or may not happen it's to Late brain Freeze happens . NOW if U have a SCRIPT MULTI-STRATEGIES that can be Plugged into the Trading Platform now your TALKING .OTHER THEN THAT GOOD SHOW .

@johnanthony7635 2 жыл бұрын

Hello Brian, would it be possible to use a 233 or 610 tick chart to trade the Forex market and have you ever tried it? Thank you and happy New Year.

@BrianWeber 2 жыл бұрын

Hey John! I have never traded forex but you can always try those tick settings on the instrument you trade to see if you like it. Happy new year to you as well!