windy - good obserations, I was going to say something to this
effect. One should use their own charts i.e. trendlines,
where support/resistance are - and if those signals on the
Tick tools chart show up at the same area as those important price
levels on your chart it, then it's more significant.
the tick tools show you some psychology when longs and shorts
get stopped out, when there's emotional buying where people are
buying asks vs trying to get better prices etc. I'll get some
good definitions soon. Supposedly Xticks occur when you get a lot
of emotional orders going through and stops being hit etc
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windy - good obserations, I
pay attention when you see an X-Tick
Posted by matt on 9th of Apr 2015 at 01:06 pm
windy - good obserations, I was going to say something to this effect. One should use their own charts i.e. trendlines, where support/resistance are - and if those signals on the Tick tools chart show up at the same area as those important price levels on your chart it, then it's more significant.
the tick tools show you some psychology when longs and shorts get stopped out, when there's emotional buying where people are buying asks vs trying to get better prices etc. I'll get some good definitions soon. Supposedly Xticks occur when you get a lot of emotional orders going through and stops being hit etc