7 replies to this topic

[Cirrus]

One day trading or trade entry and exit technique that I've occasionally used over the past 6 or so years is NYSE TICK divergences combined with ST ES support and resistance. Basically, you look for a retest of a support or resistance area in the ES and compare the TICK on the retest. You could then either look for a bullish or bearish divergence and enter a trade or position accordingly. I've seen this technicque become less and less reliable as the months pass by. It's been an interesting trend to watch. Anyone else ever use TICK divergence and the ES?

[Insider]

Yes

but it doesn't work real well... lot of false signals

http://traderfeed.blogspot.com/

Insider

[Cirrus]

Actually, I'm referring to the absolute TICK print at the time of the retest on the ES--not cumulative TICK.

[zman]

tradestalker.com it works very good indeed.....

[dasein]

I think a number of people on this board use TICK (& TIKI) in conjunction with other indicators. e.g. rule of thumb > ABS(1000) indicating exhaustion or sometimes initiation of a ST move. klh

[maineman]

I use the NYSE TICK every day for trading. On "trading" days, i.e. non-trending, the TICK extremes signal entry points for countertrend trades. I guess you could call these "scalp" trades, i.e. 3-5 SP points over very short periods of time. I use the TICK with TIKI too for a similar trade. Part of my daily trading diary, however, is a running list of where the SP was during periods of extreme TICK... these points act as road signs, possibly in the way you are suggesting.... FWIW, on trend days, moves that approach 1%, the countertrend system is not to be used, but it should be noted that on these days extreme TICK readings will likely signal capitulation or exhaustion. By extreme I mean greater than plus or minus 1000. mm

[fib_1618]

Actually, I'm referring to the absolute TICK print at the time of the retest on the ES--not cumulative TICK.

From 1998.

Fib

[maineman]

Fib, Excellent link. Thank you. I look at the TICK as the fuel used by institutions. A plus/minus 1000 TICK can only be generated by institutional programs. I watch the TICK (not on a chart-just the number) and try to profit off the reactions that occur when the institutions temporarily run out of fuel. Ever been in a crowd that was bouncing a balloon around? Up it goes... hovers...sinks...someone else taps it up... up it goes...hovers...sinks.... Up goes the tick....it stalls... I short there's a few more rules than that, but that's the general idea mm