FINZ Futures EP.6: What are Tick Charts and Why Use Them?

Why We Use Tick Charts: Tick charts draw a new bar after a set number of trades have been triggered vs. a time based chart like the 5 minute that draw a new bar after a set period of time. 1. Tick Charts Allow You To Follow The Professionals 2. Tick Charts Allow You To Fade The Amateurs 3. Tick Charts Let You Get A Jump On Breakouts and Breakdowns 4. Tick Charts Let You "See" Failed New Highs and Failed New Lows More Clearly 5. Tick Charts Compress Low Activity Periods and Avoiding Overtrading ** James Falvo is a David Elliott Student. See David's Nightly Chart Review sessions on http://finz.tv/channel/davidelliott and get David Elliott training at http://finz.tv/davidelliott **