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Soultrader

Don't Fight The TICK's!!

By Soultrader, in Technical Analysis

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Soultrader    12

Soultrader
Posted

Understanding how to read market internals is a key element to trading success. One thing I always watch for is the strength in the TICK's. Whenever you have the TICK above the zero line for the majority of the day, you are better off focusing on long setups.

 

In today's action, the TICK's were screaming for prices to lift. We had a nice trend with prices easily breaking above the value high pivot.

 

The trend is your friend. But the TICK is also your friend.

100406ticks.jpg.0f0a8e1a68b1f20f0686570de90d1027.jpg

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