price action trading

[saakk]

Used a "175 Tick chart" yesterday, Today that chart is completely different from what i traded yesterday.

 

[augubhai]

Used a "175 Tick chart" yesterday, Today that chart is completely different from what i traded yesterday.

I use 1-minute Global Datafeeds with Amibroker, and sometimes face such issues when I resync data. Sometimes, duplicate rows get created for the same minute, and cause the charts to look different. Then I just delete the entire data and re-sync again.

Not sure if it is a similar issue on your software...

 

[saakk]

I use 1-minute Global Datafeeds with Amibroker, and sometimes face such issues when I resync data. Sometimes, duplicate rows get created for the same minute, and cause the charts to look different. Then I just delete the entire data and re-sync again.

Not sure if it is a similar issue on your software...

Charts guided by time is same because every bar change with time but wit tick charts every bar change wit specified ticks "175", Every charting software calculate ticks differently, i am guessing difference is may be cause how data is calculated in live market, no 2 ticks chart will be same may be, i ll try it for some days let see. Doing little experiment, if market is slow less bars will be printed and if its fast more bars, this is not possible wit "Time chart".

 

[saakk]

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[saakk]

Missed my scalp target by 1 tick.... haad hai....

 

[saakk]

Seems "1 tick" is too costly today, again scalp target missed by 1 tick................

 

[saakk]

Either breakout pull back fails and i go long or it go's back in range and i look for a place to go short...................

 

[saakk]

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[saakk]

Accept that some day you will be statue and some day you will be pigeon.

Experiment gone bad.

 

[hik]

Either breakout pull back fails and i go long or it go's back in range and i look for a place to go short...................

Why not go long at Break out pullback expecting a long and place sell stop order at few pips/paise below your stop loss of long order?
Possible outcomes
(1) Your long order hits the target
(2.) your long order hits stop loss , goes below your stop loss and your short order is filled ..... And your target is reached.
(3.)Long order hits stop comes down fills your sell order and then sell order also hits stop. Double loss.

Works well in the long run if your targets are placed strategically(next support/resistance or swing low /high) 3 times your stoploss . Fails if your blindly place targets 3 times your stop loss.
Good luck