Oh where to start lol
I have downloaded the protrader, but couldn't find the tick chart.
Hoefully this screenshot shows where to go to get the different chart types including tick charts. You can also customize to whatever value you choose.
Any clue that where I can find out more on how to navigate the whole platform?
Here's their user guide. You'll have to play but.
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When you say that you trade off mt4, do u mean that u only use tick chart as a reference? Buy/Sell will still need to perform on the mt4?
Ok so IC Markets is my broker, I trade via their trade terminal. Here is where I manage my trades. So the only window I'm interested in is their trade window on MT4
I use ProTrader to do my chart analysis in.
What if the price differs by a few pips? How do u manage this?
ProTrader's data feed is very very good. In-fact its amazing, tick volume is 2 to 3 times higher than IC Markets giving you a more complete picture of what the worlds trades are doing. Remember a brokers tick data is only as good as its liquidity providers. And the price is raw ecn and it doesn't get much true than that. As for any differences, lucky we're with IC markets. They too quote raw ecn prices so the price might vary by 1 or 2 points but that's because of ProTrader's superior data feed. And the variance last for milli-seconds. God hat to see what the variance might be to a dealing desk set-up.
What is the preferred time to trade using this method?
When ever you like, you just have to understand that this game isn't about you and me. Its about the world's business and it doesn't get any bigger than exchanging money. Read this post http://forums.babypips.com/newbie-island/68200-price-action-trading-tick-charts-5.html#post654675 and check out this data Forex Volatility Calculator - Investing.com.
It will be up to you to decide what the best time is for you.3
I have watched the video posted by Daxter1962, however it seems like the method is somehow different from your 'box' method. Unless I got it all wrong.
That's the key bro, we all see the charts differently. Price Action is a subjective and discretionary trading system. So at the end of the day you and you along are responsible for your trading plan. It's your vision and dream your building.
This thread I hope becomes a place where all those that practice PA on tick charts can come, meet and share their experiences. I hope I have been able to articulate enough information to help those in need get started.
All the best bro. Hope this has answered some questions