Using NYSE TICK for trading emini futures

chartwiz, I read your article and tore out the story and kept it with other reference materials that I review periodically. Very well written and I feel covers your question Ddog has. Please read Terry's article for completeness. To specifically answer your question that is why I combine it with the Trin indicators. They will tip off the overall direction for the day. This will also help explain when to take them or when not. John's words are better suited for explaining his bands.

http://www.bollingerbands.com/services/bb/questions.asp

Good luck with your trading.
Bsulli
 
MY FAV INDICATOR !!.....More stuff on it.........


You could use the TICKS in several ways, another way to use it is to use as a confirmation tool with the indexes.......

in this example of a buy divergence I was looking at today around 11:30-12:00 time zone, you could take out a chart & walk yourself thru my thinking process from the room.....

The 3 indexes had trended & had gotten extended to the downside, what setup was a "bear flag pattern" on a 5 min chart & is what most people seen, I had a ton of private messages pointing it out.........

We felt that the markets WOULD NOT retest & make new lows at that time & needed to come off an over sold condition.......

Here is the thinking of the BUY...........the NYSE TICKS rallied to + 761 based on TRADESTATION or per REALTICK + 1012 readings.......use tradestation for actual as they use SP comstock & realtick has some whacky criteria to calculate the readings.......BUT I use both for my work.........

This +++ reading setup what I was looking for a FLUSH back DOWN in the TICKS to + - 100 zone for longs.........& NON Confirmation of the indexes, meaning your buying into the PUSH DOWN in the 3 indexes QQQ SPY DIA or equal in futures looking for a divergence, SP made new lows & NAS & DOW did not come close to a retest down, okay, yes the philly fed came out BUT the markets will do what they are supposed to anyway & the SP500 had a 8 +- point POP to sell out your longs into.........


I have a link to show my work today & hopefully you see my thought process as it unfolded & how i walked the traders thru it from entry setup to exits.......

remember, the TICKS should be used as a CONFIRMATION tool to get the best use from it & best bang for your buck..

http://www.stocktrendwizard.com/charts/day/620indexes

Another tip, I was working if you see on the page, INTU ADBE & MSFT........they where STRONG at the time in a DOWNTRENDING market.....& setup in the early going of the day......MSFT did nothing but ADBE & INTU trended higher.......Take out your CHART of INTU & see around 11:35 + a nice retracement on a 5 min chart this was when TICKS went to 0 & flushed right after & setup buys...INTO went from 47.50 to 48.15/20, 70 cents is not bad, working Relative strength with TICKS......YOU WANT TO BUY THE STRONGEST & INTU Was #1 all day......confirming our buys from earlier bullflag @ 10:40


The trick is to time your stocks also with the TICKS & indexes of course & I find it to be a incredible tool........if you guys want more stuff let me know, I have tons of things I will help you with I just need to know what your looking for

Here is another, MSFT QQQ SPY & DIA using the ticks............Markets rallied from lows & SPY & DIA took out highs QQQ did not !...........the pullback in the ticks to 0 line from around + 1000 reading, when the INDEXES had a SELL divergence, my thinking was SHORT the next pop in the TICKS, this was my thinking in the chatroom, BUT take a look at your 1 min chart, TICKS went from 0 to 200-222 area, I felt if NAS did not make new high on + 1000 ticks, they where NOT going far on next bounce BELOW 1000 reading & was a SHORT........this is how I used the TICKS to CONFIRM a SELL divergence yesterday & also setup shorts in 3 indexes & MSFT note the 12:03 comment for the TICKS.......

http://www.stocktrendwizard.com/charts/day/619msft

one note, if the links dont OPEN, type into your browser...

...Chris
 
I noticed that about 20 minutes after the open today that the tick ran up to about +748 (tradestation quotes) with the NQ making a new intraday high. Then the tick pulled back to about 0 to slightly negative before NQ rallied about 18 points.

My question is this: is an extreme tick reading in either direction early in the trading day followed by a pullback to about 0 a valid trade for a continuation of the original tick reading ( a buy if tick reading was +700 or so and a sell if tick reading was -700 or so assuming the Trin is confirming)?

Also thanks Chris for the email. Please email me or post more examples here if you have them.
 
Originally posted by ddog
I noticed that about 20 minutes after the open today that the tick ran up to about +748 (tradestation quotes) with the NQ making a new intraday high. Then the tick pulled back to about 0 to slightly negative before NQ rallied about 18 points.

My question is this: is an extreme tick reading in either direction early in the trading day followed by a pullback to about 0 a valid trade for a continuation of the original tick reading ( a buy if tick reading was +700 or so and a sell if tick reading was -700 or so assuming the Trin is confirming)?

Also thanks Chris for the email. Please email me or post more examples here if you have them.
More...

Your welcome...........The MARKET GAPPED DOWN......so that RALLY IN THE TICKS WAS A PURE SHORT when TICKS went above 700........I wasnt so fast to short it...................if you didnt like it that way, pretty ballzy to do it anyway........you could have did like I did........take that pullback to 0 or below, i felt would be support for a bounce for shorts........what ended up happening was.......markets broke soon after & the FIRST bounce confirmed shorts & sold off from there........we liked shorts 100.70/80 to 100.00/30 for target...went alot further, but the key was to TIME the reversal point & the TICKS helped as you could see...see attached link , a pic from my room today with SPY short call..............BUT Thats what I seen this am ............I was looking short side all the way on the bounce.........

http://www.stocktrendwizard.com/charts/day/621spy


I rather post my comments than a chart, you would be better off following my thought process than to have notes all over a chart........open up your 5 min chart & compare to the commentry & you will see what I was lookig at......
 
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