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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 **