Here is simple price action.
In an uptrend, price makes higher highs and higher lows.
In a downtrend, price makes lower highs and lower lows.
When price fails to take out a low in a downtrend, it's time for either a reversal to the upside or a consolidation.
When price fails to take out a...
Here are some simple examples of divergence:
Price makes a higher high but $TICK makes a lower high. This is a bearish regular divergence.
Price makes a lower low, but $TICK makes a high low. This is bullish regular divergence.
Price makes a lower high, but $TICK makes a high high. This is...
From TrendFund site:
Weeks recap
ES +2.25 to +10.25 depending on the exit you took on each play.
NQ +7 to +12 depending on exit on each play
ER -1.1 to -2 depending on exit on each play
YM -2 to -3 depending on exit on each play
Doesn't look too impressive. Moreover, this looks...
Does anyone here trade with $TICK divergence?
I have been papertrading it for a week or so with good results.
For those who do, are there any other indexes you guys look at while daytrading the ES, YM, NQ etc. etc. other than $TICK
What did you exactly find "powerful" about it?
When I used it, I found it to be just another charting program. None of those special proprietary indicators were any better than the mainstream RSI, MACD, or Stochastics.
Excuse my ignorance, but which indicator is it exactly that you use to measure volatility?
Larry uses the term "volatility" but he's actually talking about range breakouts.
thanks.
Just reading thru "Day trade futures online" by Larry Williams and he mentions "volatility breakouts" and "range trading."
From his writing, I can see this guy's into 100% mechanical trading although he takes his time in refining a system and that's always good.
Because the book is old, I...