Clues for shifts in market sentiment

[Soultrader 12]

It is always important to look for clues that cause a shift in market sentiment. One method I use is by bracketing a TICK chart. Whenever TICKS breakout of a 2 hour range, this is usually a strong signal of a shift in market sentiment.

 

For example: In a downtrend, if TICK's make a new 2 hour high I will look for a long setup. In an uptrend, if TICK's make a new 2 hour low I will look for a short setup.

 

This method also works when the TICK is stuck in a channel. Anytime the TICK breaks out of a channel, expect to see price move in that direction.

[Lisa 10]

What timeframe TICK chart do you use? Also I noticed in your charts you use mostly a line on close TICK chart. Why is that?

[Soultrader 12]

What timeframe TICK chart do you use? Also I noticed in your charts you use mostly a line on close TICK chart. Why is that?

 

I use a line on close TICK chart primarily for visual purposes. A line on close TICK chart will show me TICK hooks which a candlestick chart will not. However, one disadvantage of using a line on close TICK chart is that you will not see the actual highs and lows produced by candlestick wicks.

 

I will also use a candlestick TICK chart and will place audio alerts at +1000, +1200, -1000, and -1200 readings. Other than that I do not focus on it as much.

[Lisa 10]

What exactly is a TICK hook? Also, do you trade soley of the TICK chart? Or do you have certain setups you use with it?

[Soultrader 12]

What exactly is a TICK hook? Also, do you trade soley of the TICK chart? Or do you have certain setups you use with it?

 

Posted a chart up for you. A TICK hook is hard to explain in text format. So I posted a video for you also.

 

Understanding the TICK VIDEO

 

 

 

 

[Bfbusa 10]

A picture is worth a thousand words.

[bmaltz 10]

The Tick video is no longer available. Can you please repost it?

 

Thanks,

Ben

[nqcruiser 10]

Soultrader

 

Are you referring to $TICK. In any case, can you post a chart from recent price action to demonstrate your idea. If it is $TICK, then u may want to show $SPY as well for divergence. Thanks.

[justlurkin 10]

Posted a chart up for you. A TICK hook is hard to explain in text format. So I posted a video for you also.

 

Understanding the TICK VIDEO

 

 

 

 

 

Can't access the video either...

[brownsfan019 17]

FYI - this thread is about 2 years old. Good chance the video is no longer available.

 

Try looking at threads that are a tad more recent.

[OAC 10]

Here is an useful article from a past issue of Active Traders magazine:

terry_april_2002_AT.pdf

[justlurkin 10]

FYI - this thread is about 2 years old. Good chance the video is no longer available.

 

Try looking at threads that are a tad more recent.

 

:o - didn't noticed the date of the original post!