[Soultrader]

In a rangebound market, playing the TICK extremes work well. I prefer to fade the lower range extremes as they work better. This video talks about todays market applying some TICK fade strategies.

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[MrPaul]

I get a "Page not found" when I click on the link

[Soultrader]

Thanks for the notice Mr.Paul. Link is fixed now.

[JayRemy]

good video, thanks james.

bracketing ticks seems to work pretty well, but what kind of situation would you play this method? are there any signals in the early morning /pre market that would make you look at fading the ticks?

ta, jay

[Soultrader]

Hi Jay,

Its hard to tell premarket unless whether TICK fades will work or not. What you can do is to anticipate a rangebound market. Today for an example could of been anticipated because of yesterdays monster trend day.

But what I usually do is to determine the type of day we are expected to have during the first 30 minutes of trading. Once you figure out that its going to be a rangebound day, you can plot the highs and lows on the TICK's and fade them accordingly.

I prefer to fade the lows on the TICK ranges. Upper extremes used to work better but recently its been a little risky. Im still trying to figure out whether a bull or bear market has any impact on this strategy.

[JayRemy]

Thanks Soul, that helps me

also, nice tip on the 00. I'm going to have to keep on eye on that !

[TinGull]

Originally Posted by Soultrader »

But what I usually do is to determine the type of day we are expected to have during the first 30 minutes of trading. Once you figure out that its going to be a rangebound day, you can plot the highs and lows on the TICK's and fade them accordingly.

How do you determine if it's going to be rangebound within the first 30 minutes?

THANKS

[Soultrader]

Couple of things you can watch for. Is price trading within value? How big is the 30 minute range? The tighter the range the more likely we are going to have a choppy day.

Also check for volume. Is it light or is there enough volume in the morning?