Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Soultrader

Let's Talk About The TICK'S

Recommended Posts

Some of us here use the TICK as a tool to judge market internals or as part of our trading strategy. The TICK is a very interesting tool in my opinion and I admit I rely on it heavily. It offers me clues on market strength/weakness and any change in market sentiment.

 

I would like to dicuss the TICK and the different ways traders use this tool to apply it into their trading. As some of you may know, I use the TICK's for several strategies including the opening play, TICK hook's, and fading the range extremes.

 

Several other strategies can be built from TICK channel breaks or price and TICK divergences.

 

I remember someone mentioning using the NASDAQ TICK.. how effective is this?

 

How do you guys use the TICK to build a trading strategy? Please feel free to elaborate on this as I am always interested in hearing more about this tool.

Share this post


Link to post
Share on other sites

I'm currently using the Nasdaq TICK to trade ER2...so far so good. I'll still be using it for the following week before I decide if it's too much for my system to handle. I've been using a fairly simple trading system and I find that when i add too much into it, I make bad trades or miss trades. I'll keep you posted though.

Share this post


Link to post
Share on other sites

Hey TinGull,

 

Do you think the same strategies used on the TICK can be applied to the Nasdaq TICK? I never paid any attention to the Nasdaq TICK so am very curious to see any traders using this tool successfully.

Share this post


Link to post
Share on other sites

I have watched the ER Ticks with a simple bar chart. using 1minute with 2hours data. Through observation of these bars I have noticed a couple of patterns that offer a heads up for a trade setup. I draw trendlines on the Ticks chart and when there appears a 3 point trendline, a good trade seems to follow. Also for possible reversals after these 3pt trendlines trades finish, is a 4th penetration of the 3 point trendline that gives me also a setup trade. I see this same 3 point trendline with cci and rsi as other confirmations.

 

Tin, if you are trading the ER, why not use the ER Ticks instead of the Nasdaq Ticks? Actually I found that the ER Ticks can be used for the YM. I was always more interested in trading the ER from others, however, after learning that the YM is better to start with from John Carter's book, I changed course of my trading and began trading the YM. I intend to make mistakes and learn on a easier playing field first then head for the ER in the future.

Share this post


Link to post
Share on other sites

When you say ER ticks, Im not sure I've got a grasp on what you're looking at. What symbol do you type in? And are you just looking at a bid/ask analysis of whats being traded? if so, then yes, I already use that. That's my main tool. As price diverges from the delta bars I use, then I watch for an entry. The Nasdaq ticks are just 'cause the russell is all small cap, which would correspond better to the nasdaq than nyse tick.

Share this post


Link to post
Share on other sites

it is same in the respect that it is a ticks chart showing the adv issues vs. the decl issues LIKE the nyse ticks chart. Sorry for the misunderstanding. Yes I know it is not an exchange, but about 6 months ago when I was very interested in the ER2, I began to watch the $RUT/TICK.I.

 

I was using Sierra charts at the time and they did not a symbol for a ticks chart for the Russell, and I stumbled on a symbol at Scottrade. I am also watching the delta bars closely for enlightenment. At areas upon earlier bars that show large bids or asks over 400, I place a horizontal line to see if support or resistance may occur at these points. Just playing in the sandbox now with market delta.

Share this post


Link to post
Share on other sites

With the Nasdaq TICK, since I don't have access to a Russell tick... Yes, it seems to work great. Here's an example from Fridays session. Notice how we hit the S1 3 times, and we had higher lows on the TICK...

TICK.thumb.png.4110630d86e95b88df8a286919e34ce2.png

Share this post


Link to post
Share on other sites

When the issue moves higher and the TICK values are progressively getting less and less, say over a time frame of an hour...at what point do you say, this markets seeming like it might really make a correction?

Share this post


Link to post
Share on other sites
With the Nasdaq TICK, since I don't have access to a Russell tick... Yes, it seems to work great. Here's an example from Fridays session. Notice how we hit the S1 3 times, and we had higher lows on the TICK...

 

Hey Tin

 

Are you using the nasdaq TRIN with that?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • ...hallucinates.... Student: “What if we gave the monkey LSD?” Guru: “The monkey already did LSD”
    • Question: To those that had/have cancer, what were the signs that made you think “something is not right here” to make you go see a doctor? Answer: So, 5/25/2018, I woke up, got ready for work, and as I walked to my car, I started gagging. Like something was stuck in my throat and I needed to clear it. And then it went away.   But 10 minutes after that, I was T-boned at 40mph on the driver side door. But what made me see a doctor was while my muscles felt better and bruises were going away, the gagging still continued, I started having fevers, my neck felt swollen, I was having such a hard time breathing, and I'd have random sharp pains in my chest, but not from where the seat belt saved me.   2 weeks after the accident, I finally see an urgent care doctor, who looks me over, tells me I'm fine, but luckily requests a neck X-ray. And I ask for a chest X-ray, which he rolls his eyes but let me have (most of my pain was in the neck, so I understand).   The very next day, he calls and says “So, that chest X-ray shows there's a 4 inch mass on your heart and lungs, and your lungs have been filling up with fluid, as well as in your pericardial (heart) wall. We need you to come in tomorrow.”   Turns out the big mass, due to the accident, caused my heart and lungs to tear and fill with fluid, the swollen neck and gagging was caused by 2 metastasized tumors, and the fevers and weight loss were symptoms. Stage 4b Hodgkin's Lymphoma.   But thankfully, we went very aggressive with chemo (and had a lot of bad side effects that don't normally happen to patients), and now I'm about 16 months cancer-free. Yay lucky X-rays! Rachel Jurina, Quora Source: https://www.quora.com/To-those-that-had-have-cancer-what-were-the-signs-that-made-you-think-something-is-not-right-here-to-make-you-go-see-a-doctor   Profits from free accurate cryptos signals: https://www.predictmag.com/  
    • As a man, the reality of life is the harshest part. I don’t mind looking older or becoming weaker over time; it’s nature.   Have you ever heard that the only people who will be loved unconditionally are women and children? Men will only be loved as long as they can provide until they are no longer needed. It doesn’t matter if you already did your best to get your kids to the best school or get the best things for them, if you stop before they’re done with it, there will be no thank you. The only thing they will remember is that they have to quit school at 15, ignoring all the previous 15 years of life you provided for them. The only people who will accept you, no matter what, are your parents. But in this situation, you might be that ungrateful child.   EDIT: Wow, I didn’t think this would get so much attention.   For those who disagree, I can only say that everyone has their problem. If you don’t get the chance to face such a thing, be grateful. Remember, sometimes what you throw in the garbage is something that someone wishes ever to have.” – ElZee, Quora   Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • The good thing i had noticed so far is that the traderpot value is also on the rise..
    • yup its a gradual rollout the right way in my opinion, its really good and its exciting for the sto in 2027
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.