[Bracketing TICK's]

[Soultrader 12]

In a rangebound market, playing the TICK extremes work well. I prefer to fade the lower range extremes as they work better. This video talks about todays market applying some TICK fade strategies.

 

CLICK HERE TO VIEW VIDEO

 

 

Charts created by Tradestation

Presented by Traders Laboratory

[MrPaul 10]

I get a "Page not found" when I click on the link

[Soultrader 12]

Thanks for the notice Mr.Paul. Link is fixed now.

[JayRemy 10]

good video, thanks james.

 

bracketing ticks seems to work pretty well, but what kind of situation would you play this method? are there any signals in the early morning /pre market that would make you look at fading the ticks?

 

ta, jay

[Soultrader 12]

Hi Jay,

 

Its hard to tell premarket unless whether TICK fades will work or not. What you can do is to anticipate a rangebound market. Today for an example could of been anticipated because of yesterdays monster trend day.

 

But what I usually do is to determine the type of day we are expected to have during the first 30 minutes of trading. Once you figure out that its going to be a rangebound day, you can plot the highs and lows on the TICK's and fade them accordingly.

 

I prefer to fade the lows on the TICK ranges. Upper extremes used to work better but recently its been a little risky. Im still trying to figure out whether a bull or bear market has any impact on this strategy.

[JayRemy 10]

Thanks Soul, that helps me

 

also, nice tip on the 00. I'm going to have to keep on eye on that !

[TinGull 10]

 

But what I usually do is to determine the type of day we are expected to have during the first 30 minutes of trading. Once you figure out that its going to be a rangebound day, you can plot the highs and lows on the TICK's and fade them accordingly.

 

How do you determine if it's going to be rangebound within the first 30 minutes?

 

THANKS

[Soultrader 12]

Couple of things you can watch for. Is price trading within value? How big is the 30 minute range? The tighter the range the more likely we are going to have a choppy day.

 

Also check for volume. Is it light or is there enough volume in the morning?

[matdog 10]

thanks Soul, nice example of tick extremes

[walterw 10]

Soultrader, can you explain a little more on this "psicological 00 levels" ? looks very interesting the fenomena... thanks. Walter.

[Soultrader 12]

Hi walter,

 

Just typed up a thread on it here: http://www.traderslaboratory.com/forums/f32/playing-psychological-00-levels-ym-1007.html#post4298

[clamerman 10]

Video would not play Soul. Just get a blank page. Thanks for the other great videos. Very informative. clamerman

[Soultrader 12]

Video would not play Soul. Just get a blank page. Thanks for the other great videos. Very informative. clamerman

 

Internet Explorer has issues sometimes. Try using Firefox. Thanks for the comments

[mjp 10]

Likewise.....could you explain psychological 00 levels. Thanks. New to that term. Must google it.

[Soultrader 12]

Psychological levels are simply 00 levels or whole numbers.

[mjp 10]

Yes...thanks. I've always heard them as "rounds" or the "halves". Did a google on it and the TradersLab site was hit. I'm reading that thread as we speak. THANKS!! Nice video. Keep it up and I hope to be contributing one day soon.