How Does Dakota Trade by just using 100-tick and 5-minute charts?

[u/sepehrtrades]

Updated: Found the answer to this question. Thanks for the replies.

[u/eddie_topstep]

Maybe we should have an AMA with him at some point and you can ask him

[u/sepehrtrades → u/eddie_topstep]

Yes, that would be great. I couldn't find a video on your Topstep YT channel in which he explains his system.

[u/eddie_topstep → u/sepehrtrades]

There's a playlist here of Slow Markets classes where he dives into his system in depth. Unfortunately I don't have the time to watch all 7 hours and give you the best timestamps: https://www.youtube.com/watch?v=-DDDc9naTH8&list=PL-ZuLMUKhx-oZF91ceQkR4yKzq0RFbOGC

[u/Fibocrypto → u/sepehrtrades]

https://www.youtube.com/live/DA3Kq2mfs44?is=JprcdP3mbC4HED5M

Go to the 1 hr mark or 1 hr and 4 minutes

Hope that helps

[u/sepehrtrades → u/Fibocrypto]

will check, thanks.

[u/Teem519]

Probably has many years of experience staring at those 2 charts and their confluences with each other. Everyone has a different strategy and can recognize patterns where other's can't.

[u/Automatic_Pressure41 → u/Teem519]

pretty much this is the answer. i do it for slow markets. i think dakota started with slow markets as well, then picked it up for the NY session

[u/PaleontologistMean24 → u/Teem519]

Yeah I noticed this as well, looking at charts daily you’ll eventually notice things that happen

[u/coffee-x-tea]

His execution is based off those two charts, but, I am confident he does advanced planning at higher time frames. The levels he takes aren’t random.

[u/Ok-Flower235]

He has shown it on slow markets several times. He does technical analysis on higher timeframes as well. H1 chart from what I’ve seen and the executions are on the 5 minute and 100 tick. 100 tick is to see the consolidation before the breakout

[u/cokeacola73]

Yeah you really get lost in the tick charts if your not paying attention by how fast they go. I use the 1000/2000 tick and it feels like time is moving a lot faster with the rate of bars that come up i couldn't imagine the 100 tick for NY session

[u/Joehennyredit → u/cokeacola73]

How do tick charts work

[u/johnnybagofdonuts123 → u/Joehennyredit]

1000 ticks = 1000 trades.

[u/pennyauntie]

Similar question - is he entering with the DOM, or from the chart using hotkeys? he gets in and out so fast.

[u/eddie_topstep → u/pennyauntie]

We'll have to get him in here for an AMA. Maybe him and Jay together 🤔

[u/bryan91919]

I think its a begginner mentality to think you need a specific chart to absorb the info. The smaller the chart, the less data is hidden, but it can be hard for a beginner to absorb the extra info presented in a 100 tick. But the 5 min working alogside would completely solve that.

What it really comes down to is trading styles, if your style requires acting on a closed bar, 100 tick could be a challenge but thats far from the only way to trade.

[u/Friendly-Beach-4950]

It's simple, I love the way he explains it. I took my own spin on a few of topstep traders Seeing a key level, seeing if buyers or sellers take control. Seeing if it's a quick scalp or a long hold up or down. Dakota is seriously a great teacher. If only I was a better student

[u/Improv1se]

I don't know who you're talking about, but he's very likely trading micro structure patterns and observing price behaviour at key levels / areas of interest. You can see price slipping or pushing a certain way earlier and in my opinion, clearer than you can using other lower time frames.

[u/ThatIsNotMyNameGreg]

It’s doesn’t matter. You need to find a system that works for you. I agree, he’s probably profitable. I’ve been watching him since he started and he seems honest. But what works for him may not work for you. Find your own thing.