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Old 24-08-2010, 12:38 PM
ab22 ab22 is offline
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Originally Posted by bestnifty View Post
Sir,
Sorry for interruption !
I use 1 min data just to find where markets turn and trade on 5 min.I know
there are people trading on 1 min data. But when people talk on tick data I could not understand .
What is the purpose of Tick data ?
Just it would help analyse at the end of day or in live market ?
What type of analysis can be done with it ?
Please clarify
Thanks.

Tick data shows the details of every trade that occurred, unlike 1 min data which just shows the OHLCV value of all the trades combined in one minute timeframe.

It is mostly required for the real time analysis of live markets.

For knowing about the kind of analysis that could be done using the tick data, I would suggest you to checkout Marketdelta website. Those kind of studies could not be done without proper tick data.

Quote:
By tick data i suppose people mean, that all the ticks are relayed to the terminal, so that when the bar is formed, it is having all the info for that bar, and its not a snapshot.

Yes.
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Old 24-08-2010, 12:46 PM
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Originally Posted by frankTrader View Post
For knowing about the kind of analysis that could be done using the tick data, I would suggest you to checkout Marketdelta website. Those kind of studies could not be done without proper tick data.

If someone wants to profit from small intraday moves around 0.5%,
- For backtesting tick data is very important
- For discretionary trading it gives better catch over timing and slippage- which can make a considerable difference for anyone trading with decent volumes
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Old 24-08-2010, 02:39 PM
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One cannot exploit the subtle anomalies with data having higher magnification, thats specially true when the instrument one is trading very efficient.

Its like a pathology test for markets, u need a microscope.
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Old 24-08-2010, 04:25 PM
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Frank Trader wrote
Quote:
Tick data shows the details of every trade that occurred, unlike 1 min data which just shows the OHLCV value of all the trades combined in one minute timeframe.

Sir,
Now I understand .This is what I wrote on 02 Aug 2010 about Tata Steel opening Bar
How to delete a data?
Quote:
Please see the attached chart.
The spike bar throws our calculation in dust,
I want to ignore it .Before that I wish to test
whether it it is a freak trade or real trades with
considerable volume took place.
Is there a way to find out how much volume traded
at each prices in the particular bar ?

and below is the reply given by Mr.Oxymoron
Quote:
Somebody who has tick data might be able to help you on that. Darsh/JJ are the right people to ask.

Thanks.
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Old 22-01-2012, 06:23 AM
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Originally Posted by stumper View Post
I havent .... But did enquire once (when i was naive ... )


From what i know .... real time streaming news from across the globe.



Its meant for institutional traders. So, if your budget is sub 10K INR per Month ... Dont even *THINK* about it.

10K? It is more like INR 100K Budget Per month. An avg. retail trader will have to mortgage his house to lease ONE Bloomberg terminal.
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Old 23-01-2012, 12:20 PM
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Originally Posted by smartboy1jan198 View Post
10K? It is more like INR 100K Budget Per month. An avg. retail trader will have to mortgage his house to lease ONE Bloomberg terminal.

Yes it cost but it helps
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Old 21-11-2014, 11:26 PM
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I have used it. It specializes in bond markets worldwide. It's very expensive for an individual. The value addition it does to an individual trader is not much. What individuals would mostly be concerned about is charts, system testing/optimization and news. It'll give you news and charts of the securities worldwide but wouldn't help you on the system development/optimization front. Best is go for a good charting software, good data feed(GDFL/NeoTrade work fine but E-signal would be great if you need everything) and a good news provider(Trade The News). Bloomberg Terminal is more of an analysts' tool at an investment bank and not that of a trader.
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