Very dangerous game!
You will get chopped on strong trend days.
The tick extremes actually show strength.
As for time for the "Pro's" tp step in, well the "pro's" lost so much money doing this........(see the "zoo" guys...).
The "pro's" never categorically fade anything, nor do they ever face the market with a given strategy(...like I will fade the tick at 1000..."), they adapt and react and use good r/r based on proper sup/res analysis confluence which is mainly visual and not indicator orientated.
This game is though, I want to direct you to a guy that had a blod on day trading and just retired (and he is very very good).
http://highprobability.blogspot.com/
This is a very difficult game to predict the future guys.
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ever use TICK readings >1000 or >-1000 as opportunities to fade ?
the contrarian logic being that by the time enough bullish (or bearish) sentiment has built up, it's usually time for the Pros to step in and fade the public ..... |
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