Let's Talk About The TICK'S

[Soultrader 12]

Some of us here use the TICK as a tool to judge market internals or as part of our trading strategy. The TICK is a very interesting tool in my opinion and I admit I rely on it heavily. It offers me clues on market strength/weakness and any change in market sentiment.

 

I would like to dicuss the TICK and the different ways traders use this tool to apply it into their trading. As some of you may know, I use the TICK's for several strategies including the opening play, TICK hook's, and fading the range extremes.

 

Several other strategies can be built from TICK channel breaks or price and TICK divergences.

 

I remember someone mentioning using the NASDAQ TICK.. how effective is this?

 

How do you guys use the TICK to build a trading strategy? Please feel free to elaborate on this as I am always interested in hearing more about this tool.

[TinGull 10]

I'm currently using the Nasdaq TICK to trade ER2...so far so good. I'll still be using it for the following week before I decide if it's too much for my system to handle. I've been using a fairly simple trading system and I find that when i add too much into it, I make bad trades or miss trades. I'll keep you posted though.

[Soultrader 12]

Hey TinGull,

 

Do you think the same strategies used on the TICK can be applied to the Nasdaq TICK? I never paid any attention to the Nasdaq TICK so am very curious to see any traders using this tool successfully.

[TinGull 10]

I would think so...I'm going to do some more studying with it during the days and see what happens. I'll be sure to post accordingly

[namstrader 10]

I have watched the ER Ticks with a simple bar chart. using 1minute with 2hours data. Through observation of these bars I have noticed a couple of patterns that offer a heads up for a trade setup. I draw trendlines on the Ticks chart and when there appears a 3 point trendline, a good trade seems to follow. Also for possible reversals after these 3pt trendlines trades finish, is a 4th penetration of the 3 point trendline that gives me also a setup trade. I see this same 3 point trendline with cci and rsi as other confirmations.

 

Tin, if you are trading the ER, why not use the ER Ticks instead of the Nasdaq Ticks? Actually I found that the ER Ticks can be used for the YM. I was always more interested in trading the ER from others, however, after learning that the YM is better to start with from John Carter's book, I changed course of my trading and began trading the YM. I intend to make mistakes and learn on a easier playing field first then head for the ER in the future.

[TinGull 10]

When you say ER ticks, Im not sure I've got a grasp on what you're looking at. What symbol do you type in? And are you just looking at a bid/ask analysis of whats being traded? if so, then yes, I already use that. That's my main tool. As price diverges from the delta bars I use, then I watch for an entry. The Nasdaq ticks are just 'cause the russell is all small cap, which would correspond better to the nasdaq than nyse tick.

[namstrader 10]

Russell 2000 tick just like the nyse tick. symbol at scottrade is $RUT/TICK.I

[TinGull 10]

How can the Russell tick be the same when the russell is not an exchange like the nyse and nasdaq?

[namstrader 10]

it is same in the respect that it is a ticks chart showing the adv issues vs. the decl issues LIKE the nyse ticks chart. Sorry for the misunderstanding. Yes I know it is not an exchange, but about 6 months ago when I was very interested in the ER2, I began to watch the $RUT/TICK.I.

 

I was using Sierra charts at the time and they did not a symbol for a ticks chart for the Russell, and I stumbled on a symbol at Scottrade. I am also watching the delta bars closely for enlightenment. At areas upon earlier bars that show large bids or asks over 400, I place a horizontal line to see if support or resistance may occur at these points. Just playing in the sandbox now with market delta.

[TinGull 10]

Ah. I see. Might as well be an exchange with all the issues that it holds....

 

Thanks for clearing that up for me!

[TinGull 10]

With the Nasdaq TICK, since I don't have access to a Russell tick... Yes, it seems to work great. Here's an example from Fridays session. Notice how we hit the S1 3 times, and we had higher lows on the TICK...

[TinGull 10]

When the issue moves higher and the TICK values are progressively getting less and less, say over a time frame of an hour...at what point do you say, this markets seeming like it might really make a correction?

[MrPaul 10]

With the Nasdaq TICK, since I don't have access to a Russell tick... Yes, it seems to work great. Here's an example from Fridays session. Notice how we hit the S1 3 times, and we had higher lows on the TICK...

 

Hey Tin

 

Are you using the nasdaq TRIN with that?

[TinGull 10]

I do follow the TRIN, yes.

[MrPaul 10]

I do follow the TRIN, yes.

 

cool thanks:cool:

[TinGull 10]

no problem at all

[testaclese 10]

Does anyone know what the symbol for the Russel is for Tradestation? Or do they even have one? Getting my feet wet here. Hope I don't slip and fall.

[Soultrader 12]

I use @ER2 for Tradestation. Or are you referring to TICK's?

[testaclese 10]

I'm sorry. I mean for ticks.

[Soultrader 12]

Not sure testaclese. I dont use the ER2 TICK's. Try searching it in the platform with "Russell".

[testaclese 10]

OK. Thanks.

[torero 10]

I found 2 here: $ER2IUX and $RLIUX. These are premiums. Don't think they have TICKS for ER2, at least not that I'm aware of it.

[stylelad 10]

guys can anybody tell me where can i find LIVE nyse and nasdaq ticks charts FOR FREE??

[Soultrader 12]

guys can anybody tell me where can i find LIVE nyse and nasdaq ticks charts FOR FREE??

 

Dont know if thats available anywhere.

[stylelad 10]

sux..=(( does e-signal have em?

and BTW what are the prices for e-signal??