Tick Charts - Secret to Small Draw Down | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Tick Size, Tick Rate, Tick Spread, and Tick Logger indicators 36 replies

Tick by Tick trading? 5 replies

Trading using 110 Tick and 440 tick charts 9 replies

To Tick or not to Tick? (any strategy here?) 7 replies

Attachments: Tick Charts - Secret to Small Draw Down
Exit Attachments

Tick Charts - Secret to Small Draw Down

  • #1
  • First Post: Jun 9, 2020 8:12am Jun 9, 2020 8:12am
Hello guys, I wanted to start a discussion about tick charts. People always say that it is impossible to trade with low drawdown as 1-3 pips. However I can never agree with it. Let's see NFP report from 05/6/2020.

See? (First chart)

Is it too high? Well.. Let's go 8t chart. (Second one)

Easy to see what's happening yeah?

I found that this happens more then 90% of time. You CAN get 20-60 pips with Drawdown 5 pips highest.

So here's a question. Do You (anyone!) tried such thing? And what was the result?

Thanks guys! I might share a little system later. No problem.

SF
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 158 KB
Click to Enlarge Name: Screenshot3.png Size: 148 KB
  • #2
  • Jun 9, 2020 8:55am Jun 9, 2020 8:55am
Tell us more, cause I read about it some time ago, so, getting more information will be appreciated
  • #3
  • Jun 9, 2020 8:58am Jun 9, 2020 8:58am
Quoting Ican2020
Tell us more, cause I have read about it, so, getting more information will be appreciated
Sure. The thing is, every move (even when news happens) still can be tradable with easy price action. You just need to see those S/R lines. 1m is just not enough for that sadly. Just compare.

For example this NFP move will look like this on 1M chart.

I will show more examples for sure, but I need some news or I might find some old pics in my PC. This will take a while sadly. Cause my desktop is a mess.

SF
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 135 KB
  • #4
  • Jun 9, 2020 9:03am Jun 9, 2020 9:03am
Not sure if I am able to trade on the 1 minute chart. It is too fast of a movement for me. And I believe that strategy could work well on NFP news saying that most of NFP news always jumps up and down 40pip range... netting a total of about 200pip. I usually dont try to trade NFP because it is not in my style.
I use bollinger bands and other pairs correlation to figure the jump.
Trade what you see, take what the market gives you.
  • #5
  • Jun 9, 2020 10:47am Jun 9, 2020 10:47am
Quoting VuLe
Not sure if I am able to trade on the 1 minute chart. It is too fast of a movement for me. And I believe that strategy could work well on NFP news saying that most of NFP news always jumps up and down 40pip range... netting a total of about 200pip. I usually dont try to trade NFP because it is not in my style. I use bollinger bands and other pairs correlation to figure the jump.
Correct. But it is not only about news. This should prove that every move is tradable. Don't use 1m chart. Use tick chart. It is clean and works amazingly like filter.

You should use tick chart only to get into the trade. Let's look at example.

For example you want to sell. We have 4H chart. Look at first picture (candle marked)

You cannot see entry.

But see tick chart?

Same chart, only tick used to entry.

SF
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 57 KB
Click to Enlarge Name: Screenshot2.png Size: 163 KB
  • #6
  • Jun 9, 2020 11:02am Jun 9, 2020 11:02am
You may want to correct your thread title before it is too late: Tick Charts - Secret to Small Draw Down

KP
Do your homework, follow the footprints of smart money
  • #7
  • Jun 9, 2020 11:11am Jun 9, 2020 11:11am
Quoting KeenPips
You may want to correct your thread title before it is too late: Tick Charts - Secret to Small Draw Down KP
Oh Thank You Friend.
  • #8
  • Jun 9, 2020 2:56pm Jun 9, 2020 2:56pm
If someones market model/belief system is flawed tick charts will not help.

SilentFather, are you showing the entries on The First Pullback? Or within supply demand methodology? Or it is a combo...

Maybe there is another reason why you entered there and there (in general) for some mambo jumbo reasons that makes sense to you?

If it works for you - good. That means your belied system is in sync with the market.

But is the why question that needs to be answered. Why you get better entries with the tick charts? Are there some "structural" reasons that makes tick chars better for anyone? These are the relevant questions.

Cheers.
  • #9
  • Jun 10, 2020 3:10am Jun 10, 2020 3:10am
Quoting Weyk
If someones market model/belief system is flawed tick charts will not help. SilentFather, are you showing the entries on The First Pullback? Or within supply demand methodology? Or it is a combo... Maybe there is another reason why you entered there and there (in general) for some mambo jumbo reasons that makes sense to you? If it works for you - good. That means your belied system is in sync with the market. But is the why question that needs to be answered. Why you get better entries with the tick charts? Are there some "structural" reasons that...
Actually You need to know some price action. Yes. Good technical analysis is a key.

Let's see USD/JPY H1 chart. Let's say You will make simple trendline. You see what? Complete breakout, I can't see any entry.

But let's see second chart, for example 10t chart... It's easier to entry. Since we see the price action BEHIND the 1H candle.

SF
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 136 KB
Click to Enlarge Name: Screenshot3.png Size: 146 KB
  • #10
  • Jun 10, 2020 3:13am Jun 10, 2020 3:13am
Quoting Weyk
If someones market model/belief system is flawed tick charts will not help. SilentFather, are you showing the entries on The First Pullback? Or within supply demand methodology? Or it is a combo... Maybe there is another reason why you entered there and there (in general) for some mambo jumbo reasons that makes sense to you? If it works for you - good. That means your belied system is in sync with the market. But is the why question that needs to be answered. Why you get better entries with the tick charts? Are there some "structural" reasons that...
And if we continue...

See?

Always visible price action. Sometimes even the 1 minute chart does not work that good. I found that paid institutional levels (where bank sell or buy) works exactly like that. I couldn't see the entry on 1m chart or 5m etc... But on tick chart, I could get 2-3 pips drawdown, instead of using SL 40 pips and TP 100. Why anyone would do that? Better RRR... the better trade.

SF
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 41 KB
Click to Enlarge Name: Screenshot2.png Size: 118 KB
  • #11
  • Jun 10, 2020 3:28am Jun 10, 2020 3:28am
Hello SF, using sierra charts is in it? Tnx
Make your own rules and stick to it.
  • #12
  • Jun 10, 2020 3:37am Jun 10, 2020 3:37am
Your stop loss will hurt and it will lead to the same DD as you would trade normally
  • #13
  • Jun 10, 2020 5:01am Jun 10, 2020 5:01am
Quoting kodakwhite
Your stop loss will hurt and it will lead to the same DD as you would trade normally
Nope. From 200 USD I had 4300 dollars in two days. Just a test. Now I'm doing another with 50 USD And leverage 1:500. So far doubled the account. Definitely not possible with "normal trading".

You need great entries however. That's true but still possible.

SF
  • #14
  • Jun 10, 2020 5:02am Jun 10, 2020 5:02am
Quoting charli86
Hello SF, using sierra charts is in it? Tnx
I'm using cTrader but if your platform can do ticks, no problem.

SF
  • #15
  • Jun 10, 2020 5:43am Jun 10, 2020 5:43am
Quoting SilentFather
{quote} Actually You need to know some price action. Yes. Good technical analysis is a key. Let's see USD/JPY H1 chart. Let's say You will make simple trendline. You see what? Complete breakout, I can't see any entry. But let's see second chart, for example 10t chart... It's easier to entry. Since we see the price action BEHIND the 1H candle. SF {image} {image}
Thank you, now i understand.
  • #16
  • Jun 10, 2020 6:13am Jun 10, 2020 6:13am
Quoting Weyk
{quote} Thank you, now i understand.
I will probably share some PA ideas I use. It seems like people mostly do like resistance / support levels and that's mostly it. But there is more on a chart and I would love to share it. As always, for free. I might talk about "micro S/R" in the first place, since it is great way to entry or at least get pretty good S/R levels.

SF
  • #17
  • Jun 10, 2020 12:03pm Jun 10, 2020 12:03pm
Sf, you think it is smart to read your first thread? SF trading ideas, before continue here? Cheers
Make your own rules and stick to it.
  • #18
  • Jun 10, 2020 3:39pm Jun 10, 2020 3:39pm
Does anybody know how to add/get tick charts to MT-4? Is it even possible?
Very interesting thread. I like to trade the 1m charts but even those aren't that clear sometimes.
I need all the help I can get lol
If only I knew then what I know now...
  • #19
  • Jun 10, 2020 4:22pm Jun 10, 2020 4:22pm
Quoting Alexgee
Does anybody know how to add/get tick charts to MT-4? Is it even possible? Very interesting thread. I like to trade the 1m charts but even those aren't that clear sometimes. I need all the help I can get lol
It is done using Off-Line charts within MT4 using an indicator to create the Tick Charts.

Google MT4 Tick charts...................
It never gets easier, you just get better
  • #20
  • Jun 11, 2020 5:33am Jun 11, 2020 5:33am
SF this is great stuff. I've been experimenting with this since I found the thread and while 10 Ticks is too much noise for me, I've been using 55 ticks and 75 ticks on EU and GU.
Looking forward to learning more and hope other members share some ideas.
If only I knew then what I know now...
0 traders viewing now