Does 70-tick chart has any special capability for profits?

<p>It can be helpful for some people who want to make quick trades. This type of chart can make it easier to see when prices are changing a lot. People who trade a lot in a short time might like using this chart because it can help them make quick decisions. However, it's important to remember that the chart alone doesn't guarantee making money. It depends on how well someone knows the chart and their trading plan. So, while a 70-tick chart can be useful, it's not a magic tool for making profits.</p>

<p id="isPasted">A 70-tick chart does not have a "magical" property that guarantees profit, but it offers specific structural advantages for scalping and high-frequency day trading that can lead to higher profitability if used correctly. This specific setting is famously associated with Bob Volman’s price action scalping methodology.&nbsp;</p><p><strong>Special Capabilities for Profit</strong></p><ul><li>Early Entry Signals: Because a new bar forms every 70 trades rather than every minute, tick charts often print "breakout" or "reversal" candles faster than time-based charts. This allows you to enter a trade seconds or even minutes before a 1-minute or 5-minute candle would even close.</li><li>Granular Price Action: A 70-tick chart is roughly equivalent to a 30-second timeframe in high-volume markets. It reveals "micro-structures"—like tiny flags or double-bottoms—that are completely invisible (hidden inside a single wick) on a standard 1-minute chart.</li><li>Volatility Adaptation: In fast-moving markets (like during a news release), bars form rapidly, providing more data points when you need them most. In dead markets, the chart virtually "pauses," preventing you from taking "boredom trades" or entering during low-liquidity "noise".</li><li>Reduced Noise: By filtering out the passage of time and focusing only on executed trades, tick charts can reduce false signals by up to 60% compared to time-based charts. </li></ul><p><strong>Strategic Context (Volman Style)</strong></p><p>The 70-tick setting is specifically optimized for liquid markets like EUR/USD or the E-mini S&amp;P 500. Traders using this chart typically look for:&nbsp;</p><ul><li>Squeeze Play: Price consolidating tightly against a 20-period EMA before a breakout.</li><li>Breakout Support: Using the high-resolution view to spot when a breakout level is being "tested and held" at a micro-level. </li></ul><p><strong>Risks to Consider</strong></p><ul><li>Broker Dependency: Tick volume can vary between brokers; a "70-tick" bar on one broker might look different on another due to different data feeds.</li><li>High Mental Load: The speed of 70-tick bars can be stressful and lead to overtrading if you are not disciplined. </li></ul>