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Attachments: 5 second, 10 second and 30 second charts?
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5 second, 10 second and 30 second charts?

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  • First Post: Nov 8, 2009 10:22pm Nov 8, 2009 10:22pm
I use Oanda and they have a 5 second, 10 second and 30 second charts apart from other charts.

What is the use of 5 S, 10 S, 30 S charts? Is it possible to make money using these above time frame charts?
Quoting kingfisher
I use Oanda and they have a 5 second, 10 second and 30 second charts apart from other charts.

What is the use of 5 S, 10 S, 30 S charts? Is it possible to make money using these above time frame charts?
sort of like a tick chart. its good for scalping and stuff. i like to trade off a tick chart for fun sometimes, but some guys do it for real money, and are good at it too. its just a little more structured than a tick chart
Some institutional traders use 10-second charts. With smaller timeframes, you get more pip movements in one day compared to bigger timeframes.
Quoting Exotic
Some institutional traders use 10-second charts. With smaller timeframes, you get more pip movements in one day compared to bigger timeframes.
do U know how they use it?
Quoting yab
{quote} do U know how they use it?
LOL

Since it was posted 14 years ago, doubt you will get a reply. But I’m not laughing as I have made the same mistake before.

I trade S & P Futures market on a 3 second chart for a wage, whilst I can’t answer for institutional traders I can offer a likely answer.

Talking about the S & P Future’s market, it has a rotation period of around 4 ticks to 12 ticks meaning it swings on these values. This is the viewpoint of watching the orderflow occurring where I can see Bids and Asks actually being executed. There is no advantage watching a one hour chart if you can’t see what’s happening order by order.

The reason I choose the 3 second chart is it allows be to trade inside this rotation and be able to trade against resting orders with ease.

Therefore I am targeting tick profits of 3-8 ticks which gives me profits of $75 to $400 per trade. Interesting my average trade duration is obviously short at 146 seconds this year.

They say you can’t go broke taking a profit, there is no reason why that take profit needs to last longer than a couple of minutes.


Cheers
Trading thin liquidity at the boundary of the charts
Quoting RickM
{quote} LOL Since it was posted 14 years ago, doubt you will get a reply. But I’m not laughing as I have made the same mistake before. I trade S & P Futures market on a 3 second chart for a wage, whilst I can’t answer for institutional traders I can offer a likely answer. Talking about the S & P Future’s market, it has a rotation period of around 4 ticks to 12 ticks meaning it swings on these values. This is the viewpoint of watching the orderflow occurring where I can see Bids and Asks actually being executed. There is no advantage watching a one...
thanks for writing this
I'm coming from trading the nq but I have realized that on the s&p if have a lot of small waves so I would like to ask if U can explain a little more.
if I can make 3 ticks on the s&p 50 times a day this will be nice money
first let me ask do U need to have the Dom open? or U just looking on the charts
e
Quoting yab
{quote} thanks for writing this I'm coming from trading the nq but I have realized that on the s&p if have a lot of small waves so I would like to ask if U can explain a little more. if I can make 3 ticks on the s&p 50 times a day this will be nice money first let me ask do U need to have the Dom open? or U just looking on the charts e
Hi yab

If you trade ESH23 even on 1 contract size - you only need 50 ticks a day to make a reasonable wage.
Last night I made 69 ticks, many were a few contracts a trade so I had a good night.

You call them waves, I just call them rotations which offers us 20 + great setups a day even before NYO comes in full flight.

Yes you need a DOM open so you can evaluate spoofing orders, so you can see back ticks more clearly, see how market orders are attacking resting orders and just get in sync with the market speed.

Then you need a heat map set to 3 or 4 seconds to trade these areas of high volume to make it easy.

My best trade last night was a 8 contract reversal trade due to large volume and extreme testing order selling imbalance. I took $1400 in a trade lastly around 5 minutes. It was a big spike up on sellers imbalance - then we wait patiently to go hard soon after.

Cheers
Trading thin liquidity at the boundary of the charts
Hello Rick,

sorry for following every post of yours but to my "defence" i am just a newbie trader "hungry" for knowledge.

I have made a small Notebook on my phone called "RickM FF Plays" where i try to write down some plays or some hints of plays that have posted there and then

For example the latest hint was the double Incomplete Auction setup

But this one here mentioned seems a more general approach.

I noted it as the "Rotation Approach":
Could you verify that i am understanding it correct:
a) Each asset has it own rotation period (ES has 4-12 ticks)-- this means that there is a pattern of 4-12 ticks an upward or downward wave

b) Such patterns are noticeable only in the 3Second Charts? What is an average duration of such a rotation ? 3 Seconds?. I have only access to clusterdelta footprint so 1M is the minimum Footprint i can have access to.Is it impossible to trade it on the culster Delta? What is currently your platform

c) I can think of a wave/rotation having following characteristics:
1) Start of the wave.
2) Wave continuation
3) Wave stop
Could you show some indication how to spot the phases of the wave. If by chance you have such a setup on your trading platform could you take a snap and post it ?

d)Another question is how to handle the information of the Orderbook during the wave in high Volume Conditions and low Volume Conditions:
Example:
Gold High Volume Conditions is >333 Contracts per minute (taken from other posts of yours )
Gold Low Volume Conditions is <333 Contracts per minute (taken from other posts of yours )

You have stated in previous posts that in low volume conditions you trade against the Orderbook Imbalance meaning that you "attack" the side with the most resting orders . Does this apply to the "rotation strategy"? Meaning that if we are in low volume conditions you will prefer enter a wave that goes in the the direction of Limit Orders that are currently prevailing in the books: Push the "Market Buy" if Asks>Bids and 'Market Sell if Asks<Bids.
How does this strategy apply with High Volume conditions?
Is it possible to share the rotation period for Gold?

Hopefully you can shed a bit of light in my "Darkness".

Thanks RickM
Quoting papadas
Hello Rick, sorry for following every post of yours but to my "defence" i am just a newbie trader "hungry" for knowledge. I have made a small Notebook on my phone called "RickM FF Plays" where i try to write down some plays or some hints of plays that have posted there and then For example the latest hint was the double Incomplete Auction setup But this one here mentioned seems a more general approach. I noted it as the "Rotation Approach": Could you verify that i am understanding it correct: a) Each asset has it own rotation period (ES...
Hi papadas

This is my opinion based on thousands of hours of chart time on Future Markets

High frequency trading algo's account for over half the volume we see on many markets these days, creating conditions where big trading houses seem to place only half the resting orders on to the markets these days. That means real liquidity is half what was there 12 years ago but strangely the volume has increased year by year mostly. That means big players are sick and tired of getting their own orders front run so they stopped supplying these devil machines supply. They still trade the same but try and remain more hidden - as we all should as well.

What the result of this action is more choppy price action creating a vibration to a market thats seen on the seconds chart. This vibration creates a rotation of movement on S&P Futures of around 4-8 ticks which I try and take advantage off for profit. All markets are different of course but not to disimilar from what i have seen. The cause on S&P Futures seems to come from a handful of Algos that run long 5 seconds, flip and run short for 3 seconds (just to give an idea what I am talking about).

So, we can trade the 5 minute chart and be unaware of this manipulation or we can go down within the rotation on a 3 - 5 second chart and see whether a dollar can be made here or not.

1.. I trade my markets which is primary S&P Futures (ESH23) on Jigsaw for execution and chart on Quantower or Motivewave
2.. Phases of the rotations are normally seen in extreme Resting Order imbalance, spoofing however can interfer with accuracy.
3.. Good volume helps weed out false moves like you mentioned in Gold readings of 333. Actually I calculated that 329 was the correct number (2022) but Ryuryu liked 333 because it looked cool. So I said why not, 333 it is.

Yes - ATTACK ATTACK ATTACK resting orders always = which means when the market is long, you are attacking Sellers orders and get some stops as a bonus.
Use the rotation as a springboard ideally.

Enough of my crap - back to live trading.

Cheers
Trading thin liquidity at the boundary of the charts
Quoting RickM
{quote} LOL Since it was posted 14 years ago, doubt you will get a reply. But I’m not laughing as I have made the same mistake before. I trade S & P Futures market on a 3 second chart for a wage, whilst I can’t answer for institutional traders I can offer a likely answer. Talking about the S & P Future’s market, it has a rotation period of around 4 ticks to 12 ticks meaning it swings on these values. This is the viewpoint of watching the orderflow occurring where I can see Bids and Asks actually being executed. There is no advantage watching a one...
Hi Rick
I'm trying to understand what you mean
I have atteaced a SS of 3 sec chart , can U mark me what U would do on this?
thanks
Attached Image (click to enlarge)
Click to Enlarge Name: ES 06-23 (3 Second) 2023_03_20 (6_04_35 PM).png Size: 27 KB
From what I know, the time frames used most frequently in technical analysis of financial markets are 5S, 10S, and 30S, respectively. These graphs, where S stands for seconds, display the price movement of a financial instrument over a given time period. Scalping and day trading strategies can benefit from shorter time frames with more detailed price information, like the 5S and 10S. Swing and position trading can benefit from longer time frames, like the 30S, which can give a more comprehensive view of the market.
Quoting yab
{quote} Hi Rick I'm trying to understand what you mean I have atteaced a SS of 3 sec chart , can U mark me what U would do on this? thanks {image}
Hi yab

I trade Futures on a 3 Second chart so I can see the orders in real time and see within a markets rotation.
This would be a nice long signal.

This is live 5 minutes back.

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: sp333.png Size: 90 KB
Trading thin liquidity at the boundary of the charts
Quoting RickM
{quote} Hi yab I trade Futures on a 3 Second chart so I can see the orders in real time and see within a markets rotation. This would be a nice long signal. This is live 5 minutes back. Cheers {image}

Hello RickM,

it me the Stalker , can you tell me what the 2 histograms under the Auction Vista represent.

Thank u in advance
Quoting papadas
{quote} Hello RickM, it me the Stalker , can you tell me what the 2 histograms under the Auction Vista represent. Thank u in advance
Hi papadas

Couple of my two weapons.
Top histograms is the balance of pulling or stacking the order books.
Bottom histogram is the Depth of Market imbalance.

As an example, looking at my chart - there were some large orders at the bottom of that price move, the top histogram showed they were pulling Asks and adding Bids which pushes the price up. So Blue in top Histogram is manipulation to the up side.
The bottom histogram shows the imbalance on the order book. Notice in my chart as Bids are added (Buyers in Blue), price turns bearish. when Asks are added (Sellers in Red), price turns bullish.

THEREFORE - Trade against the Masses
Trading thin liquidity at the boundary of the charts
Quoting RickM
{quote} Hi yab I trade Futures on a 3 Second chart so I can see the orders in real time and see within a markets rotation. This would be a nice long signal. This is live 5 minutes back. Cheers {image}
Rick in this image you have Motive Wave & Jigsaw?
Quoting v.padillafx
{quote} Rick in this image you have Motive Wave & Jigsaw?
Jigsaw

That platform is all about the DOM and Heat Map, its charts are just an extra and not great. Many use Jigsaw for the DOM and Sierra Chart for charts as a combination.
Trading thin liquidity at the boundary of the charts
Wow, lots of info here. ES is that much big it can accommodate trading in seconds.

So RickM, you don't really need a chart to trade ES then? Is this correct?
I'm subscribing this thread
If you want to make a lot of money, go to where money is in abundance.
Tiny practice account All Time Return: na
Quoting papadas
{quote} Hello RickM, it me the Stalker , can you tell me what the 2 histograms under the Auction Vista represent. Thank u in advance
Hi
have U spent some tome to get this trading method ?
please PM me
Only the most popular timeframes should be used as you want to discover patterns seen by as much traders as possible (to make those patterns work via self-fulfilling prophecy)
Well I think they might be really useful for scalping and maybe I try them since I want to start scalping after managing my emotions!
But without a self-awareness using these charts and scalping, can ruin everything I guess!
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