Hi guys,
I have something a bit different for you today. I find the Market Internal $TICK extremely important and amazingly useful. I wouldn't want to trade without it.
Check out the posts on Dr Brett's blog (http://traderfeed.blogspot.com/) to learn more about what the tick is all about. Meanwhile, read my notes on this chart closely and start monitoring the tick yourselves. I hope to share more on this subject in the future.
I hope this helps,
MG
yes, yes, yes
ReplyDeleteI find that the TICK is great as a "hint" indicator.
If you look at Wed Mornings TICK you will find that it had no weak readings, a clear hint that we were not going to pullback.
Today was the opposite.
It took me a little while to get used to reading the TICK. The feedback isn't instant as on a footprint, you need to look at it over a slightly wider timeframe. So for those out there just starting out, I rec. putting it on your chart and passively observing it for a few weeks before trying to apply it to your trading
Thanks for the comments Brian. Totally agree. I absolutely use it as a hint indicator also. And it has taken me some time to make good use of it. But now, I wouldn't want to trade without it.
ReplyDeleteMG
Hi MG,
ReplyDeleteWhat feed are you using to feed NinjaTrader? I've never seen ^TICK as a symbol. I'm just wondering if it might be zenfire feed.
Thanks
Hi mic,
ReplyDeleteI have an Ameritrade feed for Stocks, ETF's and TICK. Unless your feed sends this data into NT, you won't see these choices in the instrument manager. I also have a Zen Fire feed thru Mirus Futures - but they don't supply stock related data.
MG