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

I am learning Forex on FxSol, & taking www.forexmentor.com's course. Daily charts, 1 hour chars, 15min Charts, 5min charts, are put into perspective for me. Trending / Technical analyses on anything above 15min & above but pick entry / exit points on the 5min (simply).
1 min is too noisy, this makes since logicaly….

TICKS? -badland? -what?

Tick data (the smallest market movement you can have it appears) seems to be a hole in my understanding. What Generates a Tick? I can pull up a chat of tick data but do people use this for any type of strategy?
From searching mostly what I read about is gripe rages on slippage and how orders weren't filled when price was hit on the tick chart.

anything else? *chuckles*

Yours,
Drew
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Just a tip, take this for what it is worth but ...................the larger time frames 4hr, and daily for example are more reliable.If you are new to forex dont get sucked in to the small picture, step back and see the whole thing............... Good luck.........


RSQ955

I fully agree, don't get stuck in the trap of the samller time frames(at least not until you can trade on the larger ones). When I switched to the daily charts my trading drastically improved.

A little bit about the tick chart. My father who got me into trading, is all about the smaller time frames. He played mostly off the tick charts on VT server(live). He is quite amazing at it. I watch him trade, uses basic support resistance, few MAs, and the feel of the tick chart. He had 2 straight months of no losses, and built his account up nice. I really dont recommend this though. Just hearing about trading off the tick makes me think of my father and watching him trade off it.

Best of luck,
Mike

This is the difference in the timeframes. The larger the time frame like the monthly, weekly, daily, will tell you where the market is going and the smaller time frames tell you what the market is doing. I trade on the one minute and tick charts and make good trades everytime. Because my rule to trading don't change with the time frames. The different time frames are the best indicators anyone can use. It why I hardly lose.

"The rivers flow into the ocean."

"It is difficult to paddle against the current."

When looking at charts, as in life, the obvious is often unseen.

Thanks RSQ

yes the river flows, - "always downstreem I've noticed"...

I look at the monthly - weekly charts and the question that comes to me is, "how many bars should I look for to establish a trend? I mean I see 2-3 in one direction but I'm not necessarily convinced. - Maybe on such a big chart like this. I should be. -

Macd & trend lines / multiple charts, pivot points, candles....
(Trend lines are probably my weakest point right now), my confidence in drawing support / resistance lines & showing brakes @ the first candle. Either I'm doing it wrong or I don't trust it. *my natural instinct is that the market doesn't work between strait lines anyway; lol
volitle markets make more since then trending markets. - I guess. (I'll learn)

I'll ignore the Ticks for now. Any other things you think I should look at besides the above mentioned indicators? - EMA 200 I hear.. But, if you look at to many indicators you.....?

Cheers,
Drew

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Trend exist only in the mind of the trader. Do not think: see and act. Which way is price moving, now? There is only now.

smiles*

Yes, you are completely right, There is nothing so powerful in analysis that will overcome the truth that every moment is completely unique in the market and has no known outcome.

(AS we try and grasp and grapple with the market, believing that through knowledge of the past and understandings of patterns past, does not mean the same outcome will come again ever. (percentages and odds)

I Have now practiced spending my days and months this year being present with every moments emotion positive or negative, (in the belief that if I have a fear or desire for more in real life. Why is that different really from the market?

Tame the one you are in all the time, and I suspect that I'll wake up and be able to trade someday.... LOL

Fez