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Soultrader

[Understanding the TICK]

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What differences in analysis would there be if the time-frames of TICK were shorter or longer? What if I am watching price based on basis if volume or tick, and not time-based periods?

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i cannot imagine trading YM w/o the tick.

 

i can imagine trading it without a chart - using just tape and tick, but would never trade w/o tick.

 

it's the ultimate way to confirm price action in YM with overall buying in NYSE stocks.

 

it can confirm setups (whether MP or whatever based) and keep you out of questionable ones.

 

it can also give early indications of a possible trend day.

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Soultrader, do not look at the TIKI it will drive you insane. Do like John Carter suggests and put audio alerts at +/- 26, 28, 30 that call out buy/sell programs hitting the Dow. Try it and tell me what you think.

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i have found that using fair value divergence (difference between futes and cash index)

is a much better indicator for program buys and sells triggering

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