Discover the power of trading using tick charts

Discover the power of trading using tick charts

Discover how to use tick charts to trade futures, whilst also applying the volume price analysis methodology. Using this approach blends the advantages of trading tick charts which reveal momentum, whilst also applying volume analysis to the price action. A perfect combination using the Quantum Trading Tickspeedometer indicator.

00:10

Switching to tick charts for market activity

00:10

The speaker discusses switching to tick charts to better understand market activity. Tick charts help gauge the speed of market movements, whether the market is fast, optimal, or sluggish. The speaker mentions using a tick speedometer with time bases of 1, 2, and 3 minutes, which provides useful insights into market conditions.

00:42

Tick speedometer shows market participation

00:42

The segment discusses the activity levels indicated by a chart that changes colors from red to orange and green, reflecting varying degrees of participation. It highlights how this visualization provides a heads-up on market participation, showing whether the activity is high, medium, or low. The chart resembles a Renko chart, which is non-time-based and focuses on price movement rather than the passage of time.

01:13

Volume price analysis with tick charts

01:13

The segment explains the use of momentum in charts combined with volume price analysis (VPA), emphasizing how this approach allows traders to assess market strength. It highlights a scenario where the market rises with high volume but narrow spreads, indicating weakness as selling pressure is expected to increase. Additionally, it discusses trading using tick charts to observe raw momentum in real time, with tick settings dynamically adjusted based on a tick speedometer that provides continuously changing numerical values.

02:08

Trading with optimal tick settings

02:08

The segment explains trading using a tick chart, specifically a six ten tick chart. It highlights that both charts require the same value of 1597 for trading decisions. The key difference of a tick chart is that a candle closes after a fixed number of ticks (610 in this case), regardless of the passage of time or market speed.

02:39

Tick charts reveal real-time momentum

02:39

The speaker explains how certain candles on tick charts appear rapidly, like bullets from an automatic gun, indicating fast-moving markets. Tick charts reveal raw momentum by showing the pace at which candles form, unlike time-based charts that display volatility without indicating momentum speed. Intraday traders favor tick charts because they provide a time-independent view of momentum similar to Renko charts. The discussion also touches on the fluctuations in momentum, with examples showing changes in candle speed and market activity, emphasizing the blend of volume and price analysis for optimal market settings.

04:01

Combining volume price and tick methods

04:01

The speaker discusses the advantage of trading with both volume and tick methodologies within the same workspace, mentioning an issue with data briefly dropping out. They describe monitoring multiple charts simultaneously, including a 15-second time-based chart that provides a comparative view of fast timeframes alongside tick charts. Various indicators are highlighted, such as the volume point of control, its histogram, chart levels, and a trend monitor that indicates trend direction.

05:06

Market trend analysis across timeframes

05:06

The market is attempting a fragile rally across multiple time frames, but overall strength remains weak. On the ten-minute chart, volume is moderate, yet the trend remains heavily bearish. While intraday traders might find short-term long opportunities, slower-term traders should remain cautious. Early signs on the five-minute chart hint at a potential shift from bearish to bullish if the trend continues to develop. However, no significant changes are observed on the 10- and 15-minute charts, indicating that the broader trend remains bearish. The session concludes with a direction to explore certain indicators and tools for further analysis.

06:32

Overview of trading platforms and tools

06:32

The speaker discusses the availability of their books on Amazon in both print and Kindle formats, and mentions various trading indicators compatible with multiple platforms including MT4, MT5, NinjaTrader 7 and 8, and TradingView, with plans to add more for TradingView in future sessions. They highlight two TradeStation platforms: TradeStation Global, which integrates with Interactive Brokers offering global market access and competitive pricing, and TradeStation Securities, which runs on version 10+ and features advanced tools like the RadarScreen, providing a powerful charting experience combined with brokerage services. The segment concludes with a brief mention of a Forex program referenced earlier.

07:52

Forex program and membership benefits

07:52

This segment introduces the complete Forex program, which includes over 200 hours of video instruction, podcasts, 13 PDF downloads, and all necessary education to trade Forex. It also features a full suite of trading tools and indicators. Additionally, there is a private membership group hosted daily by the speakers for ongoing support and questions.

08:25

Session wrap-up and next meeting details

08:25

The session concludes with a reminder about the next meeting on Tuesday morning at 7:45 UK time for the London session. Participants are thanked for attending, wished a good trading remainder of the day, and encouraged to stay safe and well until the next session.

By Anna Coulling – creator of volume price analysis