ES Journal Archive (2011)
- Thread starter Buy1Sell2
- Start date
- Status
The TICK is my personal bread and butter. It's basically my one indicator crutch. A -900 TICK reading can have different implications based on the situation.
1. Is there a bullish trendline on the TICK? If so, did the -900 TICK reading break that trendline? Occasionally a -900 TICK reading can be bullish if the last 2 low TICK readings were -1200 and -1050 respectively.
2. Was the -900 TICK followed by any high TICK readings equal to or greater than 900? EOD TICK readings can be hard to read, as position liquidating can cause some massive spikes in both directions.
3. The overall trending direction of the TICK is more important to me over any one value. However, for trend following I think there are solid "line in the sand" values on the TICK that one can look for.
Thanks for the quick replies on the $tick. I'm still wondering if we are all seeing the same values though. I am not concerned about the update frequency, but rather the values of each spike.
My take on the $tick is that it can be a good overbought/oversold indicator that can help traders time their entries a bit better for both trend following and fade-the-extremes strategies.
However, I'd need to be sure we are all reading the same numbers or else it'd be a bit too subjective for my liking.
My take on the $tick is that it can be a good overbought/oversold indicator that can help traders time their entries a bit better for both trend following and fade-the-extremes strategies.
However, I'd need to be sure we are all reading the same numbers or else it'd be a bit too subjective for my liking.
This is exactly why I think fading extremes on the TICK is a losing strategy. I think it's hard to lock down a single feed that is the "master" TICK value. For instance, my high and low TICK values for the day were 1446 and -1326. Were yours the same, or similar? For me I'm watching for a noticeable change in the trend in the TICK, and then I'm looking to buy / sell the next pullback. That is what ended up working best for me, after almost a year of study.
Yes I've noticed this and can't figure out what the heck is going on. I guess some TICK feeds are only certain securities / instruments. I'm on TOS, so that's what I use. Many people scoff at my use of TOS for charting (I use Infinity for orders), but I'm used to how their TICK feed looks. About 6 months ago I was making efforts to move to Ninjatrader, and I backed out because I couldn't find a TICK data feed that looked the same to me. For better or worse, I'm stuck with it! If they ever change how they deliver their TICK feed, I will cry a thousand tears.
I use Tradestation and today's Hi/Lo data are: 1240 / -1131
Funny, three of us have posted their daily Hi-Lo numbers and they are all different...LMAO!
Bigsnack, I agree with the way you use the $tick. I think it's really good to stay away from trading against the trend and getting ready to jump on a new trend that has just started. Not to mention the very few but profitable opportunities you get on trend days when markets correct a bit before resuming the trend again.
Question: what kind of chart do you use for the $tick? And timeframe? I noticed that a 1min line chart looks cleaner to determine what kind of trend - if any trend at all - is underway. The zero line is very important too. I know I am stating the obvious
Funny, three of us have posted their daily Hi-Lo numbers and they are all different...LMAO!
Bigsnack, I agree with the way you use the $tick. I think it's really good to stay away from trading against the trend and getting ready to jump on a new trend that has just started. Not to mention the very few but profitable opportunities you get on trend days when markets correct a bit before resuming the trend again.
Question: what kind of chart do you use for the $tick? And timeframe? I noticed that a 1min line chart looks cleaner to determine what kind of trend - if any trend at all - is underway. The zero line is very important too. I know I am stating the obvious
- Status