{"id":50270,"date":"2020-11-13T11:24:36","date_gmt":"2020-11-13T16:24:36","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=50270"},"modified":"2023-06-08T15:16:45","modified_gmt":"2023-06-08T19:16:45","slug":"teaching-a-new-trader-how-to-use-the-essential-market-trading-indicator-tick","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/teaching-a-new-trader-how-to-use-the-essential-market-trading-indicator-tick","title":{"rendered":"Essential Market Indicator: Mastering Trading with the TICK"},"content":{"rendered":"

In this video Senior Trader Ryan helps a developing trader go over a trade in $SPY using the $TICK indicator. Ryan breaks down in detail what TICK is and how you can use it to make better trade decisions, get better trade entries, and gauge overall momentum in the market. If you want to add this essential trading indicator to your trading. you won’t want to miss this video.<\/p>\nView Video Transcript<\/strong><\/span>

\n
\n
\n
\n
\n
\n
\n
\n
\n
good afternoon my name is ryan trost i’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
here at smb capital<\/div>\n<\/div>\n<\/div>\n
\n
\n
and today we are going to go over a<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade in the spies<\/div>\n<\/div>\n<\/div>\n
\n
\n
using tick that one of the trainees put<\/div>\n<\/div>\n<\/div>\n
\n
\n
on we’re going to go over what tick is<\/div>\n<\/div>\n<\/div>\n
\n
\n
how you can use it to make a better<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade decision how you can get better<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade location and kind of gauge overall<\/div>\n<\/div>\n<\/div>\n
\n
\n
momentum in the market<\/div>\n<\/div>\n<\/div>\n
\n
\n
using this indicator<\/div>\n<\/div>\n<\/div>\n
\n
\n
we are going to talk a little bit about<\/div>\n<\/div>\n<\/div>\n
\n
\n
a specific setup in spy today<\/div>\n<\/div>\n<\/div>\n
\n
\n
um that actually happened on monday and<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know the thesis for the entire trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
was using<\/div>\n<\/div>\n<\/div>\n
\n
\n
an indicator called the NYSE tick in<\/div>\n<\/div>\n<\/div>\n
\n
\n
order to<\/div>\n<\/div>\n<\/div>\n
\n
\n
effectively time an exhaustion point to<\/div>\n<\/div>\n<\/div>\n
\n
\n
the upside and the spies to set up a<\/div>\n<\/div>\n<\/div>\n
\n
\n
short setup<\/div>\n<\/div>\n<\/div>\n
\n
\n
so we’re going to go over a little bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
about what tick is how we can<\/div>\n<\/div>\n<\/div>\n
\n
\n
potentially use it<\/div>\n<\/div>\n<\/div>\n
\n
\n
to add edge to our pullback trend<\/div>\n<\/div>\n<\/div>\n
\n
\n
trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
and as a way to evaluate how the<\/div>\n<\/div>\n<\/div>\n
\n
\n
market’s moving under the surface<\/div>\n<\/div>\n<\/div>\n
\n
\n
um so james go ahead kick us off<\/div>\n<\/div>\n<\/div>\n
\n
\n
alrighty so<\/div>\n<\/div>\n<\/div>\n
\n
\n
like ryan said this was on monday uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
this<\/div>\n<\/div>\n<\/div>\n
\n
\n
was just coming off the macro landscape<\/div>\n<\/div>\n<\/div>\n
\n
\n
of the<\/div>\n<\/div>\n<\/div>\n
\n
\n
news breaking with pfizer uh efficacy of<\/div>\n<\/div>\n<\/div>\n
\n
\n
their<\/div>\n<\/div>\n<\/div>\n
\n
\n
vaccine uh the vix was sitting at 23.9<\/div>\n<\/div>\n<\/div>\n
\n
\n
and the vaccine news it was good very<\/div>\n<\/div>\n<\/div>\n
\n
\n
very good news for the vaccine but we<\/div>\n<\/div>\n<\/div>\n
\n
\n
were still a ways away from deploying it<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s a long way from where we are<\/div>\n<\/div>\n<\/div>\n
\n
\n
today and uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
actually having a real impact on the<\/div>\n<\/div>\n<\/div>\n
\n
\n
economy<\/div>\n<\/div>\n<\/div>\n
\n
\n
looking at the big picture this was that<\/div>\n<\/div>\n<\/div>\n
\n
\n
day this was after the most of the<\/div>\n<\/div>\n<\/div>\n
\n
\n
session had come through so these<\/div>\n<\/div>\n<\/div>\n
\n
\n
overnight highs<\/div>\n<\/div>\n<\/div>\n
\n
\n
were the highs of that day so very very<\/div>\n<\/div>\n<\/div>\n
\n
\n
strong strong range<\/div>\n<\/div>\n<\/div>\n
\n
\n
in the overnight session and uh above<\/div>\n<\/div>\n<\/div>\n
\n
\n
average volume<\/div>\n<\/div>\n<\/div>\n
\n
\n
contextually we were sitting about 400<\/div>\n<\/div>\n<\/div>\n
\n
\n
handles up<\/div>\n<\/div>\n<\/div>\n
\n
\n
from top to bottom from this low here<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s a very very<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh extended move and<\/div>\n<\/div>\n<\/div>\n
\n
\n
something in the morning that was going<\/div>\n<\/div>\n<\/div>\n
\n
\n
through the back of my head while this<\/div>\n<\/div>\n<\/div>\n
\n
\n
was<\/div>\n<\/div>\n<\/div>\n
\n
\n
being prepared was if i was long already<\/div>\n<\/div>\n<\/div>\n
\n
\n
in this trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
which a lot of people were is this a<\/div>\n<\/div>\n<\/div>\n
\n
\n
good place<\/div>\n<\/div>\n<\/div>\n
\n
\n
to take profit if i was long and i saw<\/div>\n<\/div>\n<\/div>\n
\n
\n
this what would i be thinking<\/div>\n<\/div>\n<\/div>\n
\n
\n
with this kind of a euphoric 15-minute<\/div>\n<\/div>\n<\/div>\n
\n
\n
candle in the uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
overnight session now<\/div>\n<\/div>\n<\/div>\n
\n
\n
the actual key uh kind of trade setup<\/div>\n<\/div>\n<\/div>\n
\n
\n
here if we’re looking at it i was<\/div>\n<\/div>\n<\/div>\n
\n
\n
watching these<\/div>\n<\/div>\n<\/div>\n
\n
\n
these references as we pushed into<\/div>\n<\/div>\n<\/div>\n
\n
\n
all-time highs<\/div>\n<\/div>\n<\/div>\n
\n
\n
and essentially for the bullish thesis<\/div>\n<\/div>\n<\/div>\n
\n
\n
to remain<\/div>\n<\/div>\n<\/div>\n
\n
\n
as we were coming up into here into the<\/div>\n<\/div>\n<\/div>\n
\n
\n
us cash open<\/div>\n<\/div>\n<\/div>\n
\n
\n
would be that we’d have to retain this<\/div>\n<\/div>\n<\/div>\n
\n
\n
primary uh inflection<\/div>\n<\/div>\n<\/div>\n
\n
\n
any acceptance below this was then going<\/div>\n<\/div>\n<\/div>\n
\n
\n
to open<\/div>\n<\/div>\n<\/div>\n
\n
\n
the uh the possibility for continued<\/div>\n<\/div>\n<\/div>\n
\n
\n
selling<\/div>\n<\/div>\n<\/div>\n
\n
\n
as we push into this lower edge and<\/div>\n<\/div>\n<\/div>\n
\n
\n
probe lower so that was kind of the<\/div>\n<\/div>\n<\/div>\n
\n
\n
thesis coming into the morning<\/div>\n<\/div>\n<\/div>\n
\n
\n
and what we were looking for and then<\/div>\n<\/div>\n<\/div>\n
\n
\n
here was the actual session<\/div>\n<\/div>\n<\/div>\n
\n
\n
one of the things i had mentioned in the<\/div>\n<\/div>\n<\/div>\n
\n
\n
morning meeting was that i was going to<\/div>\n<\/div>\n<\/div>\n
\n
\n
be looking for<\/div>\n<\/div>\n<\/div>\n
\n
\n
multiple failed attempts for dip buying<\/div>\n<\/div>\n<\/div>\n
\n
\n
and and and at the open that’s kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
what we started to see here with with<\/div>\n<\/div>\n<\/div>\n
\n
\n
this very strong selling into the free<\/div>\n<\/div>\n<\/div>\n
\n
\n
market<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then obviously many failed uh dip<\/div>\n<\/div>\n<\/div>\n
\n
\n
buying events<\/div>\n<\/div>\n<\/div>\n
\n
\n
into the actual first few minutes uh and<\/div>\n<\/div>\n<\/div>\n
\n
\n
the trade truly set up for me once we<\/div>\n<\/div>\n<\/div>\n
\n
\n
had this more capitulatory move lower<\/div>\n<\/div>\n<\/div>\n
\n
\n
and started to get these beautiful<\/div>\n<\/div>\n<\/div>\n
\n
\n
retests back<\/div>\n<\/div>\n<\/div>\n
\n
\n
into that inflection that we were<\/div>\n<\/div>\n<\/div>\n
\n
\n
watching<\/div>\n<\/div>\n<\/div>\n
\n
\n
that i mentioned earlier on the profiles<\/div>\n<\/div>\n<\/div>\n
\n
\n
can you mention um<\/div>\n<\/div>\n<\/div>\n
\n
\n
what the time frame is for this chart<\/div>\n<\/div>\n<\/div>\n
\n
\n
are you on a one minute five minute<\/div>\n<\/div>\n<\/div>\n
\n
\n
these are uh three thousand volume bars<\/div>\n<\/div>\n<\/div>\n
\n
\n
so each candle is going to be three<\/div>\n<\/div>\n<\/div>\n
\n
\n
thousand<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh contracts traded in the s p 500<\/div>\n<\/div>\n<\/div>\n
\n
\n
e-mini future<\/div>\n<\/div>\n<\/div>\n
\n
\n
great so just to jump in really quick a<\/div>\n<\/div>\n<\/div>\n
\n
\n
lot of people you know dr s talks about<\/div>\n<\/div>\n<\/div>\n
\n
\n
this a lot<\/div>\n<\/div>\n<\/div>\n
\n
\n
um you effectively make your own bars<\/div>\n<\/div>\n<\/div>\n
\n
\n
based off of whatever type of evaluation<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re looking to do<\/div>\n<\/div>\n<\/div>\n
\n
\n
some people like to use one minute<\/div>\n<\/div>\n<\/div>\n
\n
\n
candlesticks one five minute et cetera<\/div>\n<\/div>\n<\/div>\n
\n
\n
et cetera<\/div>\n<\/div>\n<\/div>\n
\n
\n
but a lot of people move down to tick<\/div>\n<\/div>\n<\/div>\n
\n
\n
charts as well to get even lower time<\/div>\n<\/div>\n<\/div>\n
\n
\n
frame<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then the other way to do it a lot of<\/div>\n<\/div>\n<\/div>\n
\n
\n
people who trade you know market profile<\/div>\n<\/div>\n<\/div>\n
\n
\n
volume profile they like to build out<\/div>\n<\/div>\n<\/div>\n
\n
\n
their own type of volume bars<\/div>\n<\/div>\n<\/div>\n
\n
\n
and this is done as james is saying you<\/div>\n<\/div>\n<\/div>\n
\n
\n
classify okay this bar is not going to<\/div>\n<\/div>\n<\/div>\n
\n
\n
close until<\/div>\n<\/div>\n<\/div>\n
\n
\n
we see a certain amount of volume done<\/div>\n<\/div>\n<\/div>\n
\n
\n
um during this<\/div>\n<\/div>\n<\/div>\n
\n
\n
this developing bar so as soon as it for<\/div>\n<\/div>\n<\/div>\n
\n
\n
his as soon as it does 3 000 shares of<\/div>\n<\/div>\n<\/div>\n
\n
\n
the futures contracts we’re going to<\/div>\n<\/div>\n<\/div>\n
\n
\n
move on to the next bar and it’s a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit of a different way to<\/div>\n<\/div>\n<\/div>\n
\n
\n
evaluate<\/div>\n<\/div>\n<\/div>\n
\n
\n
chart patterns and things like that but<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s a way to see what’s going on under<\/div>\n<\/div>\n<\/div>\n
\n
\n
the surface and<\/div>\n<\/div>\n<\/div>\n
\n
\n
especially if you’re trading the spas<\/div>\n<\/div>\n<\/div>\n
\n
\n
and and trading the indices it’s always<\/div>\n<\/div>\n<\/div>\n
\n
\n
better to<\/div>\n<\/div>\n<\/div>\n
\n
\n
build out contextually what’s going on<\/div>\n<\/div>\n<\/div>\n
\n
\n
volume drives price<\/div>\n<\/div>\n<\/div>\n
\n
\n
and a lot of the times if you’re just<\/div>\n<\/div>\n<\/div>\n
\n
\n
trading normal you know candlestick<\/div>\n<\/div>\n<\/div>\n
\n
\n
patterns<\/div>\n<\/div>\n<\/div>\n
\n
\n
the spas have a tendency to wick above<\/div>\n<\/div>\n<\/div>\n
\n
\n
previous highs stop out previous lows<\/div>\n<\/div>\n<\/div>\n
\n
\n
and have a lot of noise so you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
effectively what he’s doing here which<\/div>\n<\/div>\n<\/div>\n
\n
\n
is similar to what i do is<\/div>\n<\/div>\n<\/div>\n
\n
\n
looking at volume looking at how volume<\/div>\n<\/div>\n<\/div>\n
\n
\n
is distributing over time and<\/div>\n<\/div>\n<\/div>\n
\n
\n
over price and using that as a way to<\/div>\n<\/div>\n<\/div>\n
\n
\n
formulate your edge as opposed to<\/div>\n<\/div>\n<\/div>\n
\n
\n
just simply trading off technical chart<\/div>\n<\/div>\n<\/div>\n
\n
\n
patterns if you want to learn<\/div>\n<\/div>\n<\/div>\n
\n
\n
three more real world setups that our<\/div>\n<\/div>\n<\/div>\n
\n
\n
traders use including the simple setup<\/div>\n<\/div>\n<\/div>\n
\n
\n
that we teach<\/div>\n<\/div>\n<\/div>\n
\n
\n
all of our new traders and the setup<\/div>\n<\/div>\n<\/div>\n
\n
\n
that turned one of our traders into a<\/div>\n<\/div>\n<\/div>\n
\n
\n
seven<\/div>\n<\/div>\n<\/div>\n
\n
\n
figure big money earner check out the<\/div>\n<\/div>\n<\/div>\n
\n
\n
free webinar that we’re currently<\/div>\n<\/div>\n<\/div>\n
\n
\n
running<\/div>\n<\/div>\n<\/div>\n
\n
\n
just go ahead and click the link that<\/div>\n<\/div>\n<\/div>\n
\n
\n
should be appearing now<\/div>\n<\/div>\n<\/div>\n
\n
\n
at the top right hand corner of your<\/div>\n<\/div>\n<\/div>\n
\n
\n
screen that will open up the free<\/div>\n<\/div>\n<\/div>\n
\n
\n
registration page in a new window so<\/div>\n<\/div>\n<\/div>\n
\n
\n
don’t worry<\/div>\n<\/div>\n<\/div>\n
\n
\n
you won’t lose this video you can also<\/div>\n<\/div>\n<\/div>\n
\n
\n
visit<\/div>\n<\/div>\n<\/div>\n
\n
\n
tradingworkshop.com to register for this<\/div>\n<\/div>\n<\/div>\n
\n
\n
free intensive workshop<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re going to learn more in a couple<\/div>\n<\/div>\n<\/div>\n
\n
\n
of hours from this trading workshop<\/div>\n<\/div>\n<\/div>\n
\n
\n
than from years of online education so<\/div>\n<\/div>\n<\/div>\n
\n
\n
another kind of key moment we’ll run<\/div>\n<\/div>\n<\/div>\n
\n
\n
into here afterwards is<\/div>\n<\/div>\n<\/div>\n
\n
\n
is viewing how this ran up in the<\/div>\n<\/div>\n<\/div>\n
\n
\n
overnight session<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then how this this moved lower so<\/div>\n<\/div>\n<\/div>\n
\n
\n
something that these volume bars just to<\/div>\n<\/div>\n<\/div>\n
\n
\n
add on to what you’re saying can help<\/div>\n<\/div>\n<\/div>\n
\n
\n
with<\/div>\n<\/div>\n<\/div>\n
\n
\n
is that you can visualize the amount of<\/div>\n<\/div>\n<\/div>\n
\n
\n
volume that’s going into these moves<\/div>\n<\/div>\n<\/div>\n
\n
\n
simply based off of the amount of bars<\/div>\n<\/div>\n<\/div>\n
\n
\n
that are being printed so<\/div>\n<\/div>\n<\/div>\n
\n
\n
a move with more bars is going to be a<\/div>\n<\/div>\n<\/div>\n
\n
\n
higher volume move than one with less<\/div>\n<\/div>\n<\/div>\n
\n
\n
bars<\/div>\n<\/div>\n<\/div>\n
\n
\n
and so that’s kind of a different way of<\/div>\n<\/div>\n<\/div>\n
\n
\n
viewing it than a standard<\/div>\n<\/div>\n<\/div>\n
\n
\n
volume histogram but the way that this<\/div>\n<\/div>\n<\/div>\n
\n
\n
this trade ended up playing out is that<\/div>\n<\/div>\n<\/div>\n
\n
\n
there were kind of a few<\/div>\n<\/div>\n<\/div>\n
\n
\n
key moments within it and<\/div>\n<\/div>\n<\/div>\n
\n
\n
obviously these were the the two primary<\/div>\n<\/div>\n<\/div>\n
\n
\n
entry points<\/div>\n<\/div>\n<\/div>\n
\n
\n
these were two areas that you needed to<\/div>\n<\/div>\n<\/div>\n
\n
\n
be<\/div>\n<\/div>\n<\/div>\n
\n
\n
prepared to get into this and and ready<\/div>\n<\/div>\n<\/div>\n
\n
\n
to execute because there was<\/div>\n<\/div>\n<\/div>\n
\n
\n
a split second you had to actually get<\/div>\n<\/div>\n<\/div>\n
\n
\n
into these areas you can see the down<\/div>\n<\/div>\n<\/div>\n
\n
\n
candle on this one is<\/div>\n<\/div>\n<\/div>\n
\n
\n
very very quick meaning it was very very<\/div>\n<\/div>\n<\/div>\n
\n
\n
low volume<\/div>\n<\/div>\n<\/div>\n
\n
\n
on the way down because we just popped<\/div>\n<\/div>\n<\/div>\n
\n
\n
up and immediately had<\/div>\n<\/div>\n<\/div>\n
\n
\n
extreme selling on the on the tape there<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you also saw us we’ll go into with<\/div>\n<\/div>\n<\/div>\n
\n
\n
the tick that you had these extreme<\/div>\n<\/div>\n<\/div>\n
\n
\n
ticks that then started to subside<\/div>\n<\/div>\n<\/div>\n
\n
\n
but as far as trade management goes<\/div>\n<\/div>\n<\/div>\n
\n
\n
there was a large<\/div>\n<\/div>\n<\/div>\n
\n
\n
waiting period down here we just were<\/div>\n<\/div>\n<\/div>\n
\n
\n
holding holding holding<\/div>\n<\/div>\n<\/div>\n
\n
\n
and this was kind of my final<\/div>\n<\/div>\n<\/div>\n
\n
\n
destination for that trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
so if you were into this short then this<\/div>\n<\/div>\n<\/div>\n
\n
\n
was definitely a good place to to pay<\/div>\n<\/div>\n<\/div>\n
\n
\n
yourself<\/div>\n<\/div>\n<\/div>\n
\n
\n
out some profits and then hold that core<\/div>\n<\/div>\n<\/div>\n
\n
\n
position in for the<\/div>\n<\/div>\n<\/div>\n
\n
\n
last push lower do you have a time stamp<\/div>\n<\/div>\n<\/div>\n
\n
\n
on<\/div>\n<\/div>\n<\/div>\n
\n
\n
on that move down there uh the one down<\/div>\n<\/div>\n<\/div>\n
\n
\n
there i can pull it up when we when we<\/div>\n<\/div>\n<\/div>\n
\n
\n
look in the tape<\/div>\n<\/div>\n<\/div>\n
\n
\n
it looks to me it probably is<\/div>\n<\/div>\n<\/div>\n
\n
\n
correlating with what i’m looking at<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s like almost 10 o’clock<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah 1004 10 yeah at 10 o’clock so<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know as you’re looking to build that<\/div>\n<\/div>\n<\/div>\n
\n
\n
out so you were using simply<\/div>\n<\/div>\n<\/div>\n
\n
\n
these volume bars do you have another<\/div>\n<\/div>\n<\/div>\n
\n
\n
chart up with you know v-laps<\/div>\n<\/div>\n<\/div>\n
\n
\n
any moving averages are you just simply<\/div>\n<\/div>\n<\/div>\n
\n
\n
trying to follow the volume<\/div>\n<\/div>\n<\/div>\n
\n
\n
i have a whole lot of charts up here and<\/div>\n<\/div>\n<\/div>\n
\n
\n
i want to go over some of this<\/div>\n<\/div>\n<\/div>\n
\n
\n
well i’m just saying interestingly<\/div>\n<\/div>\n<\/div>\n
\n
\n
enough off that first failure<\/div>\n<\/div>\n<\/div>\n
\n
\n
that period where you’re saying we’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
spending a lot of time and it’s looking<\/div>\n<\/div>\n<\/div>\n
\n
\n
like they’re doing a lot of volume<\/div>\n<\/div>\n<\/div>\n
\n
\n
trying to<\/div>\n<\/div>\n<\/div>\n
\n
\n
can’t really push us low or just kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidating that is roughly the<\/div>\n<\/div>\n<\/div>\n
\n
\n
view app in the 24 hour session in the<\/div>\n<\/div>\n<\/div>\n
\n
\n
futures as well so it does make sense<\/div>\n<\/div>\n<\/div>\n
\n
\n
that we would bounce there a little bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
but the more interesting setup which is<\/div>\n<\/div>\n<\/div>\n
\n
\n
what we really want to go over here i<\/div>\n<\/div>\n<\/div>\n
\n
\n
think is<\/div>\n<\/div>\n<\/div>\n
\n
\n
that next bounce that comes up that<\/div>\n<\/div>\n<\/div>\n
\n
\n
second red arrow that you have<\/div>\n<\/div>\n<\/div>\n
\n
\n
is where we see an actual really solid<\/div>\n<\/div>\n<\/div>\n
\n
\n
tick fade setup<\/div>\n<\/div>\n<\/div>\n
\n
\n
so do you have a a chart with this<\/div>\n<\/div>\n<\/div>\n
\n
\n
and the tick setup yeah it’s just fun<\/div>\n<\/div>\n<\/div>\n
\n
\n
cool<\/div>\n<\/div>\n<\/div>\n
\n
\n
so let’s take a quick peek at this<\/div>\n<\/div>\n<\/div>\n
\n
\n
and just for context the main gray bar<\/div>\n<\/div>\n<\/div>\n
\n
\n
there is going to be your positive<\/div>\n<\/div>\n<\/div>\n
\n
\n
negative 600 the gray line is your zero<\/div>\n<\/div>\n<\/div>\n
\n
\n
line<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then the up and lower bounds or a<\/div>\n<\/div>\n<\/div>\n
\n
\n
thousand negative a thousand<\/div>\n<\/div>\n<\/div>\n
\n
\n
great now let’s dive into a little bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
about what we’re looking for in these<\/div>\n<\/div>\n<\/div>\n
\n
\n
scenarios all right so now we’re looking<\/div>\n<\/div>\n<\/div>\n
\n
\n
at the same day<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is just a one minute normal<\/div>\n<\/div>\n<\/div>\n
\n
\n
candlestick chart so you can see it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
very similar<\/div>\n<\/div>\n<\/div>\n
\n
\n
in structure to what you were seeing on<\/div>\n<\/div>\n<\/div>\n
\n
\n
that volume bar<\/div>\n<\/div>\n<\/div>\n
\n
\n
chart that he had set up but the only<\/div>\n<\/div>\n<\/div>\n
\n
\n
difference here obviously is you know we<\/div>\n<\/div>\n<\/div>\n
\n
\n
just have volume on the bottom<\/div>\n<\/div>\n<\/div>\n
\n
\n
and these are just time-based candles as<\/div>\n<\/div>\n<\/div>\n
\n
\n
opposed to volume-based candles<\/div>\n<\/div>\n<\/div>\n
\n
\n
but just to highlight just to catch us<\/div>\n<\/div>\n<\/div>\n
\n
\n
back up fill the gap here<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is his original arrow<\/div>\n<\/div>\n<\/div>\n
\n
\n
and this is his second arrow so this is<\/div>\n<\/div>\n<\/div>\n
\n
\n
the period he was talking about where it<\/div>\n<\/div>\n<\/div>\n
\n
\n
looked like buyers were trying to who<\/div>\n<\/div>\n<\/div>\n
\n
\n
by the dip on a strong gap up you can<\/div>\n<\/div>\n<\/div>\n
\n
\n
see we fail<\/div>\n<\/div>\n<\/div>\n
\n
\n
off of that we come down and this is<\/div>\n<\/div>\n<\/div>\n
\n
\n
where<\/div>\n<\/div>\n<\/div>\n
\n
\n
we’re starting to pay attention to the<\/div>\n<\/div>\n<\/div>\n
\n
\n
ticks here we have a really strong<\/div>\n<\/div>\n<\/div>\n
\n
\n
distribution of the ticks<\/div>\n<\/div>\n<\/div>\n
\n
\n
so effectively what we’re looking for<\/div>\n<\/div>\n<\/div>\n
\n
\n
just to give a little bit more context<\/div>\n<\/div>\n<\/div>\n
\n
\n
is when we’re trading and looking at the<\/div>\n<\/div>\n<\/div>\n
\n
\n
nicey tick<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is basically how many stocks are<\/div>\n<\/div>\n<\/div>\n
\n
\n
currently on an uptick<\/div>\n<\/div>\n<\/div>\n
\n
\n
and how many stocks are currently on a<\/div>\n<\/div>\n<\/div>\n
\n
\n
downtick when that number is positive<\/div>\n<\/div>\n<\/div>\n
\n
\n
more stocks are trading on upticks and<\/div>\n<\/div>\n<\/div>\n
\n
\n
when it’s negative more stocks are<\/div>\n<\/div>\n<\/div>\n
\n
\n
trading on downticks<\/div>\n<\/div>\n<\/div>\n
\n
\n
anytime we have strong ticks holding<\/div>\n<\/div>\n<\/div>\n
\n
\n
above 400 holding above 500 600<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s when you start to notice that<\/div>\n<\/div>\n<\/div>\n
\n
\n
institutional participants<\/div>\n<\/div>\n<\/div>\n
\n
\n
could be buying basket stocks when you<\/div>\n<\/div>\n<\/div>\n
\n
\n
have six<\/div>\n<\/div>\n<\/div>\n
\n
\n
seven eight hundred those really large<\/div>\n<\/div>\n<\/div>\n
\n
\n
numbers that’s when you see okay<\/div>\n<\/div>\n<\/div>\n
\n
\n
the only people who can make this many<\/div>\n<\/div>\n<\/div>\n
\n
\n
stocks at one time<\/div>\n<\/div>\n<\/div>\n
\n
\n
hit up ticks are institutional<\/div>\n<\/div>\n<\/div>\n
\n
\n
participants who could be buying basket<\/div>\n<\/div>\n<\/div>\n
\n
\n
stocks<\/div>\n<\/div>\n<\/div>\n
\n
\n
so anytime we have ticks kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
meandering between the positive and<\/div>\n<\/div>\n<\/div>\n
\n
\n
negative 400 area<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of in these zones that’s indicative<\/div>\n<\/div>\n<\/div>\n
\n
\n
of<\/div>\n<\/div>\n<\/div>\n
\n
\n
some type of backwards price act back<\/div>\n<\/div>\n<\/div>\n
\n
\n
and forth price action<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know consolidations things like that<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s not really any directionality<\/div>\n<\/div>\n<\/div>\n
\n
\n
getting put to work<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know no big large basket buying<\/div>\n<\/div>\n<\/div>\n
\n
\n
programs are getting put in no big<\/div>\n<\/div>\n<\/div>\n
\n
\n
selling programs coming in<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you know when you look at the price<\/div>\n<\/div>\n<\/div>\n
\n
\n
and look at what’s price actually doing<\/div>\n<\/div>\n<\/div>\n
\n
\n
you do see that it makes sense where<\/div>\n<\/div>\n<\/div>\n
\n
\n
we’re not seeing any big types of buying<\/div>\n<\/div>\n<\/div>\n
\n
\n
or selling<\/div>\n<\/div>\n<\/div>\n
\n
\n
thus we have its consolidation in price<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i should say this isn’t always<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know a final indicator of what’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
happening under the surface<\/div>\n<\/div>\n<\/div>\n
\n
\n
but it can provide edge to make a little<\/div>\n<\/div>\n<\/div>\n
\n
\n
bit more sense of what’s going on with<\/div>\n<\/div>\n<\/div>\n
\n
\n
price<\/div>\n<\/div>\n<\/div>\n
\n
\n
so when we look at these two symbols<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is where his first arrow was<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know we’re looking right here and<\/div>\n<\/div>\n<\/div>\n
\n
\n
then the second arrow was right here let<\/div>\n<\/div>\n<\/div>\n
\n
\n
me get rid of these bubbles so we can<\/div>\n<\/div>\n<\/div>\n
\n
\n
see the candles a little bit better<\/div>\n<\/div>\n<\/div>\n
\n
\n
we get the breakdown we come down and he<\/div>\n<\/div>\n<\/div>\n
\n
\n
had kind of built out the reference area<\/div>\n<\/div>\n<\/div>\n
\n
\n
like this<\/div>\n<\/div>\n<\/div>\n
\n
\n
he had said okay i’m going to use this<\/div>\n<\/div>\n<\/div>\n
\n
\n
as my reference area<\/div>\n<\/div>\n<\/div>\n
\n
\n
where they originally tried to buy the<\/div>\n<\/div>\n<\/div>\n
\n
\n
dip and as soon as they break down<\/div>\n<\/div>\n<\/div>\n
\n
\n
any re-tests of those breakdown points<\/div>\n<\/div>\n<\/div>\n
\n
\n
technically speaking could be good<\/div>\n<\/div>\n<\/div>\n
\n
\n
opportunities to get short<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s great you know in any type of<\/div>\n<\/div>\n<\/div>\n
\n
\n
normal in place stock you’d be looking<\/div>\n<\/div>\n<\/div>\n
\n
\n
to try and short this breakdown period<\/div>\n<\/div>\n<\/div>\n
\n
\n
maybe you’d give the stop up to here<\/div>\n<\/div>\n<\/div>\n
\n
\n
maybe you’d stop out even if the top is<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidation<\/div>\n<\/div>\n<\/div>\n
\n
\n
but when we’re trading the spies we’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
looking to get a little bit better<\/div>\n<\/div>\n<\/div>\n
\n
\n
execution and trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
location is extremely important and the<\/div>\n<\/div>\n<\/div>\n
\n
\n
way that we can get better trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
location is by using the tick<\/div>\n<\/div>\n<\/div>\n
\n
\n
so anytime we get these big six seven<\/div>\n<\/div>\n<\/div>\n
\n
\n
eight hundred ticks<\/div>\n<\/div>\n<\/div>\n
\n
\n
all the way up here they can be<\/div>\n<\/div>\n<\/div>\n
\n
\n
indicative of exhaustion<\/div>\n<\/div>\n<\/div>\n
\n
\n
and price they’re buying buying buying<\/div>\n<\/div>\n<\/div>\n
\n
\n
stocks buying stocks buying stocks but<\/div>\n<\/div>\n<\/div>\n
\n
\n
they can’t get price higher<\/div>\n<\/div>\n<\/div>\n
\n
\n
they can’t take out previous swing lows<\/div>\n<\/div>\n<\/div>\n
\n
\n
they can’t rebid us<\/div>\n<\/div>\n<\/div>\n
\n
\n
into areas of value and even though<\/div>\n<\/div>\n<\/div>\n
\n
\n
they’re buying<\/div>\n<\/div>\n<\/div>\n
\n
\n
large amounts of stocks you know using<\/div>\n<\/div>\n<\/div>\n
\n
\n
programs or et cetera<\/div>\n<\/div>\n<\/div>\n
\n
\n
they really can’t push price up that’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
exactly what a tick fade exhaustion<\/div>\n<\/div>\n<\/div>\n
\n
\n
setup looks like<\/div>\n<\/div>\n<\/div>\n
\n
\n
so that’s the first one we get a retest<\/div>\n<\/div>\n<\/div>\n
\n
\n
even if you didn’t have the tick right<\/div>\n<\/div>\n<\/div>\n
\n
\n
like even if we blocked all this out<\/div>\n<\/div>\n<\/div>\n
\n
\n
you might be the person who would still<\/div>\n<\/div>\n<\/div>\n
\n
\n
short this just because it’s a technical<\/div>\n<\/div>\n<\/div>\n
\n
\n
play<\/div>\n<\/div>\n<\/div>\n
\n
\n
so that’s one way to do it but where we<\/div>\n<\/div>\n<\/div>\n
\n
\n
really start to see the tick come into<\/div>\n<\/div>\n<\/div>\n
\n
\n
play<\/div>\n<\/div>\n<\/div>\n
\n
\n
and allow us to have a little bit more<\/div>\n<\/div>\n<\/div>\n
\n
\n
edge to either not get out of our short<\/div>\n<\/div>\n<\/div>\n
\n
\n
or even re-short is this instance right<\/div>\n<\/div>\n<\/div>\n
\n
\n
here<\/div>\n<\/div>\n<\/div>\n
\n
\n
and this is the one i really want to<\/div>\n<\/div>\n<\/div>\n
\n
\n
highlight because this is the first time<\/div>\n<\/div>\n<\/div>\n
\n
\n
you actually see<\/div>\n<\/div>\n<\/div>\n
\n
\n
a very solid play based off the tick<\/div>\n<\/div>\n<\/div>\n
\n
\n
we got the breakdown to view app<\/div>\n<\/div>\n<\/div>\n
\n
\n
couldn’t really get negative ticks<\/div>\n<\/div>\n<\/div>\n
\n
\n
but then you start to see the structure<\/div>\n<\/div>\n<\/div>\n
\n
\n
come up like this where<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know we’re building up we’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
building up we’re building up we’re kind<\/div>\n<\/div>\n<\/div>\n
\n
\n
of bouncing off of voab nicely<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then you get kind of a wide range<\/div>\n<\/div>\n<\/div>\n
\n
\n
one minute bar that pushes right up to<\/div>\n<\/div>\n<\/div>\n
\n
\n
these previous invalidation points<\/div>\n<\/div>\n<\/div>\n
\n
\n
as we’re pushing up to those points you<\/div>\n<\/div>\n<\/div>\n
\n
\n
see the ticks hitting<\/div>\n<\/div>\n<\/div>\n
\n
\n
extremes on the day you know normally i<\/div>\n<\/div>\n<\/div>\n
\n
\n
would say<\/div>\n<\/div>\n<\/div>\n
\n
\n
this right here off the open we’re going<\/div>\n<\/div>\n<\/div>\n
\n
\n
to block that out in the first five six<\/div>\n<\/div>\n<\/div>\n
\n
\n
seven eight minutes<\/div>\n<\/div>\n<\/div>\n
\n
\n
especially if you’re using think or swim<\/div>\n<\/div>\n<\/div>\n
\n
\n
these tick values can be skewed<\/div>\n<\/div>\n<\/div>\n
\n
\n
and they’re not necessarily always going<\/div>\n<\/div>\n<\/div>\n
\n
\n
to be very accurate they’re usually<\/div>\n<\/div>\n<\/div>\n
\n
\n
based off the gap<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know if you have a big gap up<\/div>\n<\/div>\n<\/div>\n
\n
\n
they’re going to have very high values<\/div>\n<\/div>\n<\/div>\n
\n
\n
if you’ve a big gap down they’re going<\/div>\n<\/div>\n<\/div>\n
\n
\n
to be very low values<\/div>\n<\/div>\n<\/div>\n
\n
\n
but after the first 10 minutes you can<\/div>\n<\/div>\n<\/div>\n
\n
\n
see it start to normalize<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then once it normalizes then after<\/div>\n<\/div>\n<\/div>\n
\n
\n
the first 10 15 minutes or so you could<\/div>\n<\/div>\n<\/div>\n
\n
\n
use it as a really solid indicator<\/div>\n<\/div>\n<\/div>\n
\n
\n
so as we’re bouncing back up we get a<\/div>\n<\/div>\n<\/div>\n
\n
\n
wide range bar right into the previous<\/div>\n<\/div>\n<\/div>\n
\n
\n
breakdown point<\/div>\n<\/div>\n<\/div>\n
\n
\n
previous failure point and on that we<\/div>\n<\/div>\n<\/div>\n
\n
\n
get a big exhaustion type<\/div>\n<\/div>\n<\/div>\n
\n
\n
tick 800 850 which is indicative of<\/div>\n<\/div>\n<\/div>\n
\n
\n
exhaustion<\/div>\n<\/div>\n<\/div>\n
\n
\n
later on you could see even the thousand<\/div>\n<\/div>\n<\/div>\n
\n
\n
ticks are good<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know if you look up here<\/div>\n<\/div>\n<\/div>\n
\n
\n
you see big 600 plus ticks being used as<\/div>\n<\/div>\n<\/div>\n
\n
\n
areas where buyers just can’t get it<\/div>\n<\/div>\n<\/div>\n
\n
\n
done anymore and we fade<\/div>\n<\/div>\n<\/div>\n
\n
\n
even here buyers can’t get it done and<\/div>\n<\/div>\n<\/div>\n
\n
\n
we fade<\/div>\n<\/div>\n<\/div>\n
\n
\n
and even here buyers can’t get it done<\/div>\n<\/div>\n<\/div>\n
\n
\n
and we fade the important thing to<\/div>\n<\/div>\n<\/div>\n
\n
\n
recognize is<\/div>\n<\/div>\n<\/div>\n
\n
\n
just because we’re getting these extreme<\/div>\n<\/div>\n<\/div>\n
\n
\n
ticks and that might be an area where<\/div>\n<\/div>\n<\/div>\n
\n
\n
sellers are going to step in off of<\/div>\n<\/div>\n<\/div>\n
\n
\n
exhaustion does not mean that there is a<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade there and does not mean that<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s a bigger pattern<\/div>\n<\/div>\n<\/div>\n
\n
\n
where it really starts to become a<\/div>\n<\/div>\n<\/div>\n
\n
\n
powerful trading indicator<\/div>\n<\/div>\n<\/div>\n
\n
\n
is when you use it in correlation with<\/div>\n<\/div>\n<\/div>\n
\n
\n
other things<\/div>\n<\/div>\n<\/div>\n
\n
\n
so in this example right as we’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
shorting up here we see<\/div>\n<\/div>\n<\/div>\n
\n
\n
previous failure point previous<\/div>\n<\/div>\n<\/div>\n
\n
\n
breakdown point<\/div>\n<\/div>\n<\/div>\n
\n
\n
the 50 retracement in the futures which<\/div>\n<\/div>\n<\/div>\n
\n
\n
can often act as resistance on down<\/div>\n<\/div>\n<\/div>\n
\n
\n
selling days<\/div>\n<\/div>\n<\/div>\n
\n
\n
this entire reference area here<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that’s kind of how you set up a<\/div>\n<\/div>\n<\/div>\n
\n
\n
really nice opportunity to use the tick<\/div>\n<\/div>\n<\/div>\n
\n
\n
as an exhaustion mechanism to get short<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then you kind of hold and then<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re looking for<\/div>\n<\/div>\n<\/div>\n
\n
\n
honestly you’re kind of just following<\/div>\n<\/div>\n<\/div>\n
\n
\n
price normally you’d look to see if you<\/div>\n<\/div>\n<\/div>\n
\n
\n
get some type of momentum shift to the<\/div>\n<\/div>\n<\/div>\n
\n
\n
downside in the ticks where<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know we get this upside value tick<\/div>\n<\/div>\n<\/div>\n
\n
\n
we come back down<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then we start to see some better<\/div>\n<\/div>\n<\/div>\n
\n
\n
negative ticks that would be a better<\/div>\n<\/div>\n<\/div>\n
\n
\n
setup<\/div>\n<\/div>\n<\/div>\n
\n
\n
for you know a more aggressive failure<\/div>\n<\/div>\n<\/div>\n
\n
\n
but because we’re above view app we have<\/div>\n<\/div>\n<\/div>\n
\n
\n
this really strong gap<\/div>\n<\/div>\n<\/div>\n
\n
\n
it does make sense if you think about it<\/div>\n<\/div>\n<\/div>\n
\n
\n
to not see you know a real large<\/div>\n<\/div>\n<\/div>\n
\n
\n
breakdown come<\/div>\n<\/div>\n<\/div>\n
\n
\n
initially from this it’s likely we’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
going to need to consolidate a little<\/div>\n<\/div>\n<\/div>\n
\n
\n
bit more<\/div>\n<\/div>\n<\/div>\n
\n
\n
let the sellers kind of build up the<\/div>\n<\/div>\n<\/div>\n
\n
\n
steam trap some buyers potentially<\/div>\n<\/div>\n<\/div>\n
\n
\n
before we get the bigger move which<\/div>\n<\/div>\n<\/div>\n
\n
\n
doesn’t really happen<\/div>\n<\/div>\n<\/div>\n
\n
\n
until later in the afternoon but you can<\/div>\n<\/div>\n<\/div>\n
\n
\n
see<\/div>\n<\/div>\n<\/div>\n
\n
\n
as we start to move we kind of bounce<\/div>\n<\/div>\n<\/div>\n
\n
\n
back up<\/div>\n<\/div>\n<\/div>\n
\n
\n
the ticks distribute more to the<\/div>\n<\/div>\n<\/div>\n
\n
\n
positive side you know the ticks are<\/div>\n<\/div>\n<\/div>\n
\n
\n
distributing positive basically<\/div>\n<\/div>\n<\/div>\n
\n
\n
throughout this entire consolidation<\/div>\n<\/div>\n<\/div>\n
\n
\n
maybe getting some people long<\/div>\n<\/div>\n<\/div>\n
\n
\n
maybe making some people sweat out their<\/div>\n<\/div>\n<\/div>\n
\n
\n
shorts a little bit still holding the 50<\/div>\n<\/div>\n<\/div>\n
\n
\n
retracement of the day then when we<\/div>\n<\/div>\n<\/div>\n
\n
\n
start to roll over<\/div>\n<\/div>\n<\/div>\n
\n
\n
especially on the clothes you can see<\/div>\n<\/div>\n<\/div>\n
\n
\n
some real directionality comes into the<\/div>\n<\/div>\n<\/div>\n
\n
\n
clothes<\/div>\n<\/div>\n<\/div>\n
\n
\n
well if you look at the clothes and the<\/div>\n<\/div>\n<\/div>\n
\n
\n
ticks you can see we’re seeing new<\/div>\n<\/div>\n<\/div>\n
\n
\n
tickles<\/div>\n<\/div>\n<\/div>\n
\n
\n
consistently you know new tickles get<\/div>\n<\/div>\n<\/div>\n
\n
\n
put in especially on the clothes we’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
seeing real negative<\/div>\n<\/div>\n<\/div>\n
\n
\n
sustained downside values that’s when<\/div>\n<\/div>\n<\/div>\n
\n
\n
you start to see<\/div>\n<\/div>\n<\/div>\n
\n
\n
sustained momentum so tick is really<\/div>\n<\/div>\n<\/div>\n
\n
\n
just an indicator for<\/div>\n<\/div>\n<\/div>\n
\n
\n
is momentum speeding up is momentum<\/div>\n<\/div>\n<\/div>\n
\n
\n
slowing use it in correlation with price<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you can see those things kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
come together<\/div>\n<\/div>\n<\/div>\n
\n
\n
momentum was kind of strong in this<\/div>\n<\/div>\n<\/div>\n
\n
\n
little up move and then the momentum<\/div>\n<\/div>\n<\/div>\n
\n
\n
halts<\/div>\n<\/div>\n<\/div>\n
\n
\n
when they exhaust themselves buying a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit too much<\/div>\n<\/div>\n<\/div>\n
\n
\n
so initially can feel kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
counter-intuitive you know when i<\/div>\n<\/div>\n<\/div>\n
\n
\n
went over this early on with the<\/div>\n<\/div>\n<\/div>\n
\n
\n
previous class we saw a lot of times<\/div>\n<\/div>\n<\/div>\n
\n
\n
where<\/div>\n<\/div>\n<\/div>\n
\n
\n
they’d say oh we’re we know we have six<\/div>\n<\/div>\n<\/div>\n
\n
\n
seven hundred ticks doesn’t that mean<\/div>\n<\/div>\n<\/div>\n
\n
\n
real buyers are stepping in how come<\/div>\n<\/div>\n<\/div>\n
\n
\n
we’re not going higher and how come<\/div>\n<\/div>\n<\/div>\n
\n
\n
we’re not continuing to go higher<\/div>\n<\/div>\n<\/div>\n
\n
\n
well all momentum eventually comes to an<\/div>\n<\/div>\n<\/div>\n
\n
\n
end with some type of exhaustion<\/div>\n<\/div>\n<\/div>\n
\n
\n
capitulation<\/div>\n<\/div>\n<\/div>\n
\n
\n
things like that or we stall out so you<\/div>\n<\/div>\n<\/div>\n
\n
\n
can see situations like this<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know as we’re kind of consolidating<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidating you can see they’re trying<\/div>\n<\/div>\n<\/div>\n
\n
\n
to push us higher and they can’t trying<\/div>\n<\/div>\n<\/div>\n
\n
\n
to push us higher and they can’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then price continues to move lower<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that’s when tick once you kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
get that invalidation and we<\/div>\n<\/div>\n<\/div>\n
\n
\n
exhaust it makes sense to not think too<\/div>\n<\/div>\n<\/div>\n
\n
\n
hard into these individual upwicks<\/div>\n<\/div>\n<\/div>\n
\n
\n
unless you’re like a hyper scalper it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
really hard to do in the spies because<\/div>\n<\/div>\n<\/div>\n
\n
\n
obviously the order flows just all over<\/div>\n<\/div>\n<\/div>\n
\n
\n
the place<\/div>\n<\/div>\n<\/div>\n
\n
\n
but if you use tick at inflection areas<\/div>\n<\/div>\n<\/div>\n
\n
\n
as a way to gauge exhaustion that’s when<\/div>\n<\/div>\n<\/div>\n
\n
\n
you can have really good edge<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you know kind of iron out your trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
execution<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade location in order to have better<\/div>\n<\/div>\n<\/div>\n
\n
\n
risk reward on your setups<\/div>\n<\/div>\n<\/div>\n
\n
\n
okay let’s bounce right back into your<\/div>\n<\/div>\n<\/div>\n
\n
\n
charts<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah i just had one question is there<\/div>\n<\/div>\n<\/div>\n
\n
\n
ever a point where<\/div>\n<\/div>\n<\/div>\n
\n
\n
tick divergence is significant relative<\/div>\n<\/div>\n<\/div>\n
\n
\n
to other swings<\/div>\n<\/div>\n<\/div>\n
\n
\n
absolutely and i think it happens um<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s certain times when it happens<\/div>\n<\/div>\n<\/div>\n
\n
\n
and if you<\/div>\n<\/div>\n<\/div>\n
\n
\n
look for it here’s what i’ll say if you<\/div>\n<\/div>\n<\/div>\n
\n
\n
look for it too much that’s when you can<\/div>\n<\/div>\n<\/div>\n
\n
\n
run into a little bit of trouble<\/div>\n<\/div>\n<\/div>\n
\n
\n
there are often times where you’ll see a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit of<\/div>\n<\/div>\n<\/div>\n
\n
\n
a tick divergence and in your head<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’ll be like like oh<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know they made a new low or they<\/div>\n<\/div>\n<\/div>\n
\n
\n
didn’t make a new low in the spies but<\/div>\n<\/div>\n<\/div>\n
\n
\n
they made a new low in the tick which<\/div>\n<\/div>\n<\/div>\n
\n
\n
means<\/div>\n<\/div>\n<\/div>\n
\n
\n
they were selling even more stocks to<\/div>\n<\/div>\n<\/div>\n
\n
\n
the downside but they couldn’t bring us<\/div>\n<\/div>\n<\/div>\n
\n
\n
to a new low<\/div>\n<\/div>\n<\/div>\n
\n
\n
maybe maybe that’s an opportunity right<\/div>\n<\/div>\n<\/div>\n
\n
\n
here here’s actually<\/div>\n<\/div>\n<\/div>\n
\n
\n
a pretty good example of a tick<\/div>\n<\/div>\n<\/div>\n
\n
\n
divergence right here that we could use<\/div>\n<\/div>\n<\/div>\n
\n
\n
while it may not have been in any<\/div>\n<\/div>\n<\/div>\n
\n
\n
important inflection areas<\/div>\n<\/div>\n<\/div>\n
\n
\n
let’s look at how this sets up right so<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is from<\/div>\n<\/div>\n<\/div>\n
\n
\n
i think this is tuesday now we’ll be<\/div>\n<\/div>\n<\/div>\n
\n
\n
jumping around a little bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah this looks like tuesday’s session<\/div>\n<\/div>\n<\/div>\n
\n
\n
so we’re coming we’re trading above view<\/div>\n<\/div>\n<\/div>\n
\n
\n
app<\/div>\n<\/div>\n<\/div>\n
\n
\n
we collapse underneath view app you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
we kind of are coming<\/div>\n<\/div>\n<\/div>\n
\n
\n
back into this trend and as we come down<\/div>\n<\/div>\n<\/div>\n
\n
\n
we put in a big tick low negative 800<\/div>\n<\/div>\n<\/div>\n
\n
\n
sign of exhaustion we we kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
put that tick in we bounce shallowly but<\/div>\n<\/div>\n<\/div>\n
\n
\n
then we’re making new lows so as they’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
making new lows in the spies<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know price and the spies is now<\/div>\n<\/div>\n<\/div>\n
\n
\n
making new lows for the afternoon<\/div>\n<\/div>\n<\/div>\n
\n
\n
but as that’s happening they can’t get<\/div>\n<\/div>\n<\/div>\n
\n
\n
more and more stocks to go sell you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
they’re selling less and less stocks<\/div>\n<\/div>\n<\/div>\n
\n
\n
as they’re making new lows and spies<\/div>\n<\/div>\n<\/div>\n
\n
\n
that could be indicative of<\/div>\n<\/div>\n<\/div>\n
\n
\n
under the surface this is just a stop<\/div>\n<\/div>\n<\/div>\n
\n
\n
run this is just a low being put in<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s going to spoof<\/div>\n<\/div>\n<\/div>\n
\n
\n
stop run et cetera whatever you want to<\/div>\n<\/div>\n<\/div>\n
\n
\n
call it this can be a way to recognize<\/div>\n<\/div>\n<\/div>\n
\n
\n
that in real time and be like okay we’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
making new lows in the spies<\/div>\n<\/div>\n<\/div>\n
\n
\n
on decent volume is this some type of<\/div>\n<\/div>\n<\/div>\n
\n
\n
stop<\/div>\n<\/div>\n<\/div>\n
\n
\n
run to get out everybody who tried to<\/div>\n<\/div>\n<\/div>\n
\n
\n
buy the shallow pole in from viewab<\/div>\n<\/div>\n<\/div>\n
\n
\n
or tried to buy the 50 retracement and<\/div>\n<\/div>\n<\/div>\n
\n
\n
you could see that playing<\/div>\n<\/div>\n<\/div>\n
\n
\n
out in real time as very quickly you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know almost<\/div>\n<\/div>\n<\/div>\n
\n
\n
five six minutes later we get a new tick<\/div>\n<\/div>\n<\/div>\n
\n
\n
high<\/div>\n<\/div>\n<\/div>\n
\n
\n
from you know if you start you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
start the track right here from the<\/div>\n<\/div>\n<\/div>\n
\n
\n
breakdown<\/div>\n<\/div>\n<\/div>\n
\n
\n
we break down this is a new tick high<\/div>\n<\/div>\n<\/div>\n
\n
\n
from when we broke down and then you<\/div>\n<\/div>\n<\/div>\n
\n
\n
start to see a very obvious momentum<\/div>\n<\/div>\n<\/div>\n
\n
\n
shift<\/div>\n<\/div>\n<\/div>\n
\n
\n
we got big tick lows they come up make a<\/div>\n<\/div>\n<\/div>\n
\n
\n
new tick high<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then you can see for the entirety of<\/div>\n<\/div>\n<\/div>\n
\n
\n
this move right here<\/div>\n<\/div>\n<\/div>\n
\n
\n
as spy’s trading above v right back to<\/div>\n<\/div>\n<\/div>\n
\n
\n
that breakdown point<\/div>\n<\/div>\n<\/div>\n
\n
\n
we’re getting solid positive tick<\/div>\n<\/div>\n<\/div>\n
\n
\n
distribution which is signs of a<\/div>\n<\/div>\n<\/div>\n
\n
\n
momentum shift<\/div>\n<\/div>\n<\/div>\n
\n
\n
off of a tick um divergence so that’s a<\/div>\n<\/div>\n<\/div>\n
\n
\n
very quick example of it<\/div>\n<\/div>\n<\/div>\n
\n
\n
definitely tradable if you were around<\/div>\n<\/div>\n<\/div>\n
\n
\n
for it you know it doesn’t always<\/div>\n<\/div>\n<\/div>\n
\n
\n
make sense and it’s not always very<\/div>\n<\/div>\n<\/div>\n
\n
\n
prudent to start looking for these all<\/div>\n<\/div>\n<\/div>\n
\n
\n
over the place<\/div>\n<\/div>\n<\/div>\n
\n
\n
all right so i just pulled up this is<\/div>\n<\/div>\n<\/div>\n
\n
\n
actually that trade you were just<\/div>\n<\/div>\n<\/div>\n
\n
\n
talking about one thing i’m already<\/div>\n<\/div>\n<\/div>\n
\n
\n
learning just from what we’ve talked<\/div>\n<\/div>\n<\/div>\n
\n
\n
about is i need to get tick to be a lot<\/div>\n<\/div>\n<\/div>\n
\n
\n
bigger because right now i’m running it<\/div>\n<\/div>\n<\/div>\n
\n
\n
relatively small but i just wanted to<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of bring up the fact of how quickly<\/div>\n<\/div>\n<\/div>\n
\n
\n
this trade took place so we’ll just<\/div>\n<\/div>\n<\/div>\n
\n
\n
start playing it here as we run into<\/div>\n<\/div>\n<\/div>\n
\n
\n
this inflection<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you can start to see those are sales<\/div>\n<\/div>\n<\/div>\n
\n
\n
below the uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
bid the the dark red ones there is this<\/div>\n<\/div>\n<\/div>\n
\n
\n
the first<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know when you you mark the two<\/div>\n<\/div>\n<\/div>\n
\n
\n
arrows that had the short setups this is<\/div>\n<\/div>\n<\/div>\n
\n
\n
the first of it<\/div>\n<\/div>\n<\/div>\n
\n
\n
this one is uh here<\/div>\n<\/div>\n<\/div>\n
\n
\n
the first arrow was this first pullback<\/div>\n<\/div>\n<\/div>\n
\n
\n
on this<\/div>\n<\/div>\n<\/div>\n
\n
\n
got it yeah you can skip as far to what<\/div>\n<\/div>\n<\/div>\n
\n
\n
you were going to show<\/div>\n<\/div>\n<\/div>\n
\n
\n
oh okay um so that was just going to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
i think that’s just because i think<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s the better setup<\/div>\n<\/div>\n<\/div>\n
\n
\n
i just for me i don’t usually short that<\/div>\n<\/div>\n<\/div>\n
\n
\n
first initial test of a breakdown point<\/div>\n<\/div>\n<\/div>\n
\n
\n
especially you know judging off the<\/div>\n<\/div>\n<\/div>\n
\n
\n
overnight strength i think that’s a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit of a tougher trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
obviously it ends up working and you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know it looks really clean in after<\/div>\n<\/div>\n<\/div>\n
\n
\n
effects<\/div>\n<\/div>\n<\/div>\n
\n
\n
but just because as we are retesting<\/div>\n<\/div>\n<\/div>\n
\n
\n
that you don’t really necessarily know<\/div>\n<\/div>\n<\/div>\n
\n
\n
where it’s going to go<\/div>\n<\/div>\n<\/div>\n
\n
\n
they could stretch it all the way to the<\/div>\n<\/div>\n<\/div>\n
\n
\n
top of that consolidation it could be a<\/div>\n<\/div>\n<\/div>\n
\n
\n
false breakdown<\/div>\n<\/div>\n<\/div>\n
\n
\n
so it’s a little easier to let it prove<\/div>\n<\/div>\n<\/div>\n
\n
\n
itself let it trade and make new lows<\/div>\n<\/div>\n<\/div>\n
\n
\n
all the way to v web and then short the<\/div>\n<\/div>\n<\/div>\n
\n
\n
bounce off of the uf<\/div>\n<\/div>\n<\/div>\n
\n
\n
okay now following on with just how i’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
using tick<\/div>\n<\/div>\n<\/div>\n
\n
\n
is there a way because this sequence<\/div>\n<\/div>\n<\/div>\n
\n
\n
that followed up<\/div>\n<\/div>\n<\/div>\n
\n
\n
or is it right around<\/div>\n<\/div>\n<\/div>\n
\n
\n
here when it starts to consolidate and<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidate and consolidate<\/div>\n<\/div>\n<\/div>\n
\n
\n
is there a way i can leverage tick to<\/div>\n<\/div>\n<\/div>\n
\n
\n
essentially build conviction to keep a<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade on<\/div>\n<\/div>\n<\/div>\n
\n
\n
sure the way that you would do that is<\/div>\n<\/div>\n<\/div>\n
\n
\n
if you really want to dive into it<\/div>\n<\/div>\n<\/div>\n
\n
\n
normally<\/div>\n<\/div>\n<\/div>\n
\n
\n
for me because i don’t really like to<\/div>\n<\/div>\n<\/div>\n
\n
\n
overthink my trades you know i put the<\/div>\n<\/div>\n<\/div>\n
\n
\n
execution on<\/div>\n<\/div>\n<\/div>\n
\n
\n
from good trade location i have a target<\/div>\n<\/div>\n<\/div>\n
\n
\n
in mind and everything that happens in<\/div>\n<\/div>\n<\/div>\n
\n
\n
the middle of that is normally just<\/div>\n<\/div>\n<\/div>\n
\n
\n
noise and i’m trying<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know sure i like to watch and make<\/div>\n<\/div>\n<\/div>\n
\n
\n
sure that we’re not you know making<\/div>\n<\/div>\n<\/div>\n
\n
\n
higher lows or making<\/div>\n<\/div>\n<\/div>\n
\n
\n
um you know consolidations breaking<\/div>\n<\/div>\n<\/div>\n
\n
\n
higher consistently or ticks aren’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know completely unable to make lows<\/div>\n<\/div>\n<\/div>\n
\n
\n
if you’re seeing those things that can<\/div>\n<\/div>\n<\/div>\n
\n
\n
invalidate your trade in real time maybe<\/div>\n<\/div>\n<\/div>\n
\n
\n
you take a little bit of risk off<\/div>\n<\/div>\n<\/div>\n
\n
\n
i don’t usually nitpick my positions<\/div>\n<\/div>\n<\/div>\n
\n
\n
that much<\/div>\n<\/div>\n<\/div>\n
\n
\n
i usually in this situation would be<\/div>\n<\/div>\n<\/div>\n
\n
\n
looking for a view at breakdown<\/div>\n<\/div>\n<\/div>\n
\n
\n
but in terms of using the tick to try<\/div>\n<\/div>\n<\/div>\n
\n
\n
and evaluate how your position stands<\/div>\n<\/div>\n<\/div>\n
\n
\n
i would say yes as we start to<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidate off of that low being made<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you’re watching the ticks you can<\/div>\n<\/div>\n<\/div>\n
\n
\n
see that you know if you pulled it up<\/div>\n<\/div>\n<\/div>\n
\n
\n
even as we’re getting you know four or<\/div>\n<\/div>\n<\/div>\n
\n
\n
500 ticks getting put in which<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know is decent buying not really<\/div>\n<\/div>\n<\/div>\n
\n
\n
sustained buying but it’s okay<\/div>\n<\/div>\n<\/div>\n
\n
\n
as that’s happening price isn’t moving<\/div>\n<\/div>\n<\/div>\n
\n
\n
at all you know we couldn’t even get<\/div>\n<\/div>\n<\/div>\n
\n
\n
back above 36.20<\/div>\n<\/div>\n<\/div>\n
\n
\n
in the futures and then even when we put<\/div>\n<\/div>\n<\/div>\n
\n
\n
in another 600 tick<\/div>\n<\/div>\n<\/div>\n
\n
\n
um we put in that 600 tick and then we<\/div>\n<\/div>\n<\/div>\n
\n
\n
can’t even make a higher high you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
we make that lower high<\/div>\n<\/div>\n<\/div>\n
\n
\n
right around um 36 26.50 which is looks<\/div>\n<\/div>\n<\/div>\n
\n
\n
like is the candle that’s being put in<\/div>\n<\/div>\n<\/div>\n
\n
\n
right now on what we’re looking at yeah<\/div>\n<\/div>\n<\/div>\n
\n
\n
this was that that<\/div>\n<\/div>\n<\/div>\n
\n
\n
squeeze point on that trade yeah so if<\/div>\n<\/div>\n<\/div>\n
\n
\n
you click play this will probably play<\/div>\n<\/div>\n<\/div>\n
\n
\n
out<\/div>\n<\/div>\n<\/div>\n
\n
\n
on that lower high<\/div>\n<\/div>\n<\/div>\n
\n
\n
as you can see they’re buying buying<\/div>\n<\/div>\n<\/div>\n
\n
\n
buying the tick is starting the tick<\/div>\n<\/div>\n<\/div>\n
\n
\n
grows all the way up to 600 on this move<\/div>\n<\/div>\n<\/div>\n
\n
\n
see it’s stalling a little bit in the<\/div>\n<\/div>\n<\/div>\n
\n
\n
40s can’t really push up to the 50 cent<\/div>\n<\/div>\n<\/div>\n
\n
\n
area<\/div>\n<\/div>\n<\/div>\n
\n
\n
flirting with it you know it was about<\/div>\n<\/div>\n<\/div>\n
\n
\n
50 cents for just a second<\/div>\n<\/div>\n<\/div>\n
\n
\n
you can kind of see the tape’s really<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of sticking up there in the 40s<\/div>\n<\/div>\n<\/div>\n
\n
\n
and boom we’re rejecting right back into<\/div>\n<\/div>\n<\/div>\n
\n
\n
the 30s<\/div>\n<\/div>\n<\/div>\n
\n
\n
seeing what it can do<\/div>\n<\/div>\n<\/div>\n
\n
\n
so you know if you’re short from that<\/div>\n<\/div>\n<\/div>\n
\n
\n
previous swing high a little bit to the<\/div>\n<\/div>\n<\/div>\n
\n
\n
left of this current developing move<\/div>\n<\/div>\n<\/div>\n
\n
\n
as you start to see this fail you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
we couldn’t really get back above 50<\/div>\n<\/div>\n<\/div>\n
\n
\n
cents<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know you were short from the top of<\/div>\n<\/div>\n<\/div>\n
\n
\n
that wick if you were trading off of<\/div>\n<\/div>\n<\/div>\n
\n
\n
that big exhaustion tick<\/div>\n<\/div>\n<\/div>\n
\n
\n
as you start to see okay we just got<\/div>\n<\/div>\n<\/div>\n
\n
\n
another 600 tick<\/div>\n<\/div>\n<\/div>\n
\n
\n
of basket buying and they made another<\/div>\n<\/div>\n<\/div>\n
\n
\n
lower high that’s kind of confirmation<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then any consolidations based off of<\/div>\n<\/div>\n<\/div>\n
\n
\n
that you’re just holding<\/div>\n<\/div>\n<\/div>\n
\n
\n
i wouldn’t think into it anymore as soon<\/div>\n<\/div>\n<\/div>\n
\n
\n
as they make that next lower high<\/div>\n<\/div>\n<\/div>\n
\n
\n
you can say okay i can probably set this<\/div>\n<\/div>\n<\/div>\n
\n
\n
to even break even it looks like we’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
going to consolidate<\/div>\n<\/div>\n<\/div>\n
\n
\n
any breakdown from that v web point<\/div>\n<\/div>\n<\/div>\n
\n
\n
or from that previous swing low at 10<\/div>\n<\/div>\n<\/div>\n
\n
\n
o’clock that we originally targeted<\/div>\n<\/div>\n<\/div>\n
\n
\n
any breakdowns from there maybe i start<\/div>\n<\/div>\n<\/div>\n
\n
\n
taking off a little bit of risk if i see<\/div>\n<\/div>\n<\/div>\n
\n
\n
any<\/div>\n<\/div>\n<\/div>\n
\n
\n
negative 600 ticks any exhaustions to<\/div>\n<\/div>\n<\/div>\n
\n
\n
the downside<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah this was that point where you can<\/div>\n<\/div>\n<\/div>\n
\n
\n
see the tick really kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
capitulated push lower and you finally<\/div>\n<\/div>\n<\/div>\n
\n
\n
started to test that zero line again<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah exactly and then it comes back to<\/div>\n<\/div>\n<\/div>\n
\n
\n
zero and just kind of is<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know moving between positive 300<\/div>\n<\/div>\n<\/div>\n
\n
\n
negative 300<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know consolidation type move and<\/div>\n<\/div>\n<\/div>\n
\n
\n
then you get a negative 400 tick that<\/div>\n<\/div>\n<\/div>\n
\n
\n
breaks us down<\/div>\n<\/div>\n<\/div>\n
\n
\n
then we kind of come back up and we’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
putting positive ticks in again but we<\/div>\n<\/div>\n<\/div>\n
\n
\n
can’t get back above the view app in the<\/div>\n<\/div>\n<\/div>\n
\n
\n
futures<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then you start to see obviously this<\/div>\n<\/div>\n<\/div>\n
\n
\n
is ahead of where we’re looking on the<\/div>\n<\/div>\n<\/div>\n
\n
\n
on the current video but that’s how this<\/div>\n<\/div>\n<\/div>\n
\n
\n
ends up playing out we kind of come down<\/div>\n<\/div>\n<\/div>\n
\n
\n
we consolidate a little bit then we end<\/div>\n<\/div>\n<\/div>\n
\n
\n
up breaking that swing low<\/div>\n<\/div>\n<\/div>\n
\n
\n
and this whole time the ticks even when<\/div>\n<\/div>\n<\/div>\n
\n
\n
they put it in positive 600s aren’t able<\/div>\n<\/div>\n<\/div>\n
\n
\n
to bring price any higher<\/div>\n<\/div>\n<\/div>\n
\n
\n
okay i was also curious if you could uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
explain<\/div>\n<\/div>\n<\/div>\n
\n
\n
what you think some of the common<\/div>\n<\/div>\n<\/div>\n
\n
\n
pitfalls or fallacies are<\/div>\n<\/div>\n<\/div>\n
\n
\n
when using tick yeah 100 so these days<\/div>\n<\/div>\n<\/div>\n
\n
\n
that we’re targeting right now and we’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
looking at are obviously really good<\/div>\n<\/div>\n<\/div>\n
\n
\n
examples of when it works<\/div>\n<\/div>\n<\/div>\n
\n
\n
but there are also examples of where it<\/div>\n<\/div>\n<\/div>\n
\n
\n
can run you into a little bit of trouble<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that usually happens on trend days<\/div>\n<\/div>\n<\/div>\n
\n
\n
so<\/div>\n<\/div>\n<\/div>\n
\n
\n
on trend days you will have these big<\/div>\n<\/div>\n<\/div>\n
\n
\n
thousand ticks get put in<\/div>\n<\/div>\n<\/div>\n
\n
\n
or big five six seven hundred ticks<\/div>\n<\/div>\n<\/div>\n
\n
\n
where<\/div>\n<\/div>\n<\/div>\n
\n
\n
even though they’re putting in<\/div>\n<\/div>\n<\/div>\n
\n
\n
exhaustion type ticks you are not<\/div>\n<\/div>\n<\/div>\n
\n
\n
getting any type of fades<\/div>\n<\/div>\n<\/div>\n
\n
\n
let me scroll back and see if i can find<\/div>\n<\/div>\n<\/div>\n
\n
\n
the most recent day where we saw some of<\/div>\n<\/div>\n<\/div>\n
\n
\n
that<\/div>\n<\/div>\n<\/div>\n
\n
\n
it is interesting because in you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
recent times a lot of the moves<\/div>\n<\/div>\n<\/div>\n
\n
\n
have been happening in the overnight<\/div>\n<\/div>\n<\/div>\n
\n
\n
session so we’ve been having a lot of<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of consolidation-based days here’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
a good one right here<\/div>\n<\/div>\n<\/div>\n
\n
\n
all right so this is all the way back on<\/div>\n<\/div>\n<\/div>\n
\n
\n
the day after the election<\/div>\n<\/div>\n<\/div>\n
\n
\n
um the fourth so early on in the session<\/div>\n<\/div>\n<\/div>\n
\n
\n
we open this is a five minute bars<\/div>\n<\/div>\n<\/div>\n
\n
\n
we kind of compress and break higher<\/div>\n<\/div>\n<\/div>\n
\n
\n
every one of these little yellow dots is<\/div>\n<\/div>\n<\/div>\n
\n
\n
when a thousand tick gets put in<\/div>\n<\/div>\n<\/div>\n
\n
\n
but you can see normally you know if<\/div>\n<\/div>\n<\/div>\n
\n
\n
we’re thinking about fading<\/div>\n<\/div>\n<\/div>\n
\n
\n
some type of directionality a big<\/div>\n<\/div>\n<\/div>\n
\n
\n
thousand tick can be when momentum slows<\/div>\n<\/div>\n<\/div>\n
\n
\n
but on this day we see sustained ticks<\/div>\n<\/div>\n<\/div>\n
\n
\n
above 600<\/div>\n<\/div>\n<\/div>\n
\n
\n
ticks holding ticks holding ticks<\/div>\n<\/div>\n<\/div>\n
\n
\n
holding ticks holding<\/div>\n<\/div>\n<\/div>\n
\n
\n
even when they wick it back down the<\/div>\n<\/div>\n<\/div>\n
\n
\n
ticks come right back up into really<\/div>\n<\/div>\n<\/div>\n
\n
\n
sustained basket buying<\/div>\n<\/div>\n<\/div>\n
\n
\n
and even after this thousand tick we<\/div>\n<\/div>\n<\/div>\n
\n
\n
continue to push higher push higher push<\/div>\n<\/div>\n<\/div>\n
\n
\n
higher<\/div>\n<\/div>\n<\/div>\n
\n
\n
we put in all these exhausted tight<\/div>\n<\/div>\n<\/div>\n
\n
\n
moves but then we just consolidate and<\/div>\n<\/div>\n<\/div>\n
\n
\n
continue to move higher so that’s when<\/div>\n<\/div>\n<\/div>\n
\n
\n
it can be a little bit of a fallacy i<\/div>\n<\/div>\n<\/div>\n
\n
\n
think i actually even ran into a little<\/div>\n<\/div>\n<\/div>\n
\n
\n
bit of trouble on this day<\/div>\n<\/div>\n<\/div>\n
\n
\n
because you get those big thousand ticks<\/div>\n<\/div>\n<\/div>\n
\n
\n
into<\/div>\n<\/div>\n<\/div>\n
\n
\n
what could potentially be resistance<\/div>\n<\/div>\n<\/div>\n
\n
\n
obviously we have you know sellers could<\/div>\n<\/div>\n<\/div>\n
\n
\n
step in anywhere along this uptrend<\/div>\n<\/div>\n<\/div>\n
\n
\n
especially after the election<\/div>\n<\/div>\n<\/div>\n
\n
\n
because we still at this time didn’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
know you know really who was going to<\/div>\n<\/div>\n<\/div>\n
\n
\n
win yet<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know people are stepping in doing<\/div>\n<\/div>\n<\/div>\n
\n
\n
this that the other thing<\/div>\n<\/div>\n<\/div>\n
\n
\n
you see these thousand ticks not being<\/div>\n<\/div>\n<\/div>\n
\n
\n
faded it’s very easy to get caught<\/div>\n<\/div>\n<\/div>\n
\n
\n
either selling or long too early<\/div>\n<\/div>\n<\/div>\n
\n
\n
because you think this is exhaustion<\/div>\n<\/div>\n<\/div>\n
\n
\n
move or trying to short because you<\/div>\n<\/div>\n<\/div>\n
\n
\n
think that<\/div>\n<\/div>\n<\/div>\n
\n
\n
the market’s exhausted off of these<\/div>\n<\/div>\n<\/div>\n
\n
\n
thousand ticks so this first one gets<\/div>\n<\/div>\n<\/div>\n
\n
\n
put in if you short<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know 340 4440<\/div>\n<\/div>\n<\/div>\n
\n
\n
in the spies you know it ends up moving<\/div>\n<\/div>\n<\/div>\n
\n
\n
another two dollars<\/div>\n<\/div>\n<\/div>\n
\n
\n
in you know less than 10 minutes just<\/div>\n<\/div>\n<\/div>\n
\n
\n
based off of how strong this buying was<\/div>\n<\/div>\n<\/div>\n
\n
\n
up here<\/div>\n<\/div>\n<\/div>\n
\n
\n
so that’s when you can run into a little<\/div>\n<\/div>\n<\/div>\n
\n
\n
bit of troubles on trend up days and<\/div>\n<\/div>\n<\/div>\n
\n
\n
trend down days<\/div>\n<\/div>\n<\/div>\n
\n
\n
if the ticks are you know vastly<\/div>\n<\/div>\n<\/div>\n
\n
\n
distributing to one side<\/div>\n<\/div>\n<\/div>\n
\n
\n
it usually is better to just use price<\/div>\n<\/div>\n<\/div>\n
\n
\n
action and obviously<\/div>\n<\/div>\n<\/div>\n
\n
\n
not really step in front of a moving<\/div>\n<\/div>\n<\/div>\n
\n
\n
train okay and are there<\/div>\n<\/div>\n<\/div>\n
\n
\n
ever situations where you’re going to<\/div>\n<\/div>\n<\/div>\n
\n
\n
see extreme extreme<\/div>\n<\/div>\n<\/div>\n
\n
\n
negative ticks hold and hold and holding<\/div>\n<\/div>\n<\/div>\n
\n
\n
but price just keeps chugging higher<\/div>\n<\/div>\n<\/div>\n
\n
\n
hmm interesting i i haven’t seen a<\/div>\n<\/div>\n<\/div>\n
\n
\n
divergence that<\/div>\n<\/div>\n<\/div>\n
\n
\n
that crazy before um where you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
price is going up but we’re holding<\/div>\n<\/div>\n<\/div>\n
\n
\n
negative ticks<\/div>\n<\/div>\n<\/div>\n
\n
\n
if that happens it would probably be<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s some type of<\/div>\n<\/div>\n<\/div>\n
\n
\n
significant divergence across the<\/div>\n<\/div>\n<\/div>\n
\n
\n
indices like maybe they’re selling a<\/div>\n<\/div>\n<\/div>\n
\n
\n
bunch of small caps or selling<\/div>\n<\/div>\n<\/div>\n
\n
\n
big caps but no i haven’t really seen<\/div>\n<\/div>\n<\/div>\n
\n
\n
price<\/div>\n<\/div>\n<\/div>\n
\n
\n
grind higher as we are seeing negative<\/div>\n<\/div>\n<\/div>\n
\n
\n
ticks in the current volatility<\/div>\n<\/div>\n<\/div>\n
\n
\n
environment<\/div>\n<\/div>\n<\/div>\n
\n
\n
maybe back when the vix was like you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know sub 15 the market would just kind<\/div>\n<\/div>\n<\/div>\n
\n
\n
of<\/div>\n<\/div>\n<\/div>\n
\n
\n
grind higher but they’re you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
they’re selling certain stocks under the<\/div>\n<\/div>\n<\/div>\n
\n
\n
surface<\/div>\n<\/div>\n<\/div>\n
\n
\n
um it’s tough to say i don’t think i’ve<\/div>\n<\/div>\n<\/div>\n
\n
\n
ever seen a<\/div>\n<\/div>\n<\/div>\n
\n
\n
divergence that bad that doesn’t correct<\/div>\n<\/div>\n<\/div>\n
\n
\n
itself very quickly<\/div>\n<\/div>\n<\/div>\n
\n
\n
gotcha and when the volatility does<\/div>\n<\/div>\n<\/div>\n
\n
\n
increase like it did say back in<\/div>\n<\/div>\n<\/div>\n
\n
\n
march do your levels of what is<\/div>\n<\/div>\n<\/div>\n
\n
\n
considered an extreme then shift<\/div>\n<\/div>\n<\/div>\n
\n
\n
so it’s like in a thousand tick now<\/div>\n<\/div>\n<\/div>\n
\n
\n
supposed to be a 2000 tick or how does<\/div>\n<\/div>\n<\/div>\n
\n
\n
that<\/div>\n<\/div>\n<\/div>\n
\n
\n
no well i think the highest ticks i’ve<\/div>\n<\/div>\n<\/div>\n
\n
\n
seen maybe in my career is like 1650 or<\/div>\n<\/div>\n<\/div>\n
\n
\n
1700<\/div>\n<\/div>\n<\/div>\n
\n
\n
i think when the pandemic first started<\/div>\n<\/div>\n<\/div>\n
\n
\n
i think we saw like a big<\/div>\n<\/div>\n<\/div>\n
\n
\n
downside tick like that like if i went<\/div>\n<\/div>\n<\/div>\n
\n
\n
to a daily<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know these ticks down here negative<\/div>\n<\/div>\n<\/div>\n
\n
\n
1700<\/div>\n<\/div>\n<\/div>\n
\n
\n
i don’t think this these ticks down here<\/div>\n<\/div>\n<\/div>\n
\n
\n
are false prints obviously you can see<\/div>\n<\/div>\n<\/div>\n
\n
\n
that those aren’t real on this day<\/div>\n<\/div>\n<\/div>\n
\n
\n
the first day off the top it looks like<\/div>\n<\/div>\n<\/div>\n
\n
\n
we saw you know obviously we v-bottomed<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then in june it looks like we saw<\/div>\n<\/div>\n<\/div>\n
\n
\n
a pretty serious negative tick this may<\/div>\n<\/div>\n<\/div>\n
\n
\n
have been one of the biggest negative<\/div>\n<\/div>\n<\/div>\n
\n
\n
ticks in recent history<\/div>\n<\/div>\n<\/div>\n
\n
\n
but obviously coming off the lows we<\/div>\n<\/div>\n<\/div>\n
\n
\n
would have days where<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know we would have negative this day<\/div>\n<\/div>\n<\/div>\n
\n
\n
we had a negative 1500 tick but then we<\/div>\n<\/div>\n<\/div>\n
\n
\n
also had a positive 1 500 tick<\/div>\n<\/div>\n<\/div>\n
\n
\n
and obviously that was a very crazy<\/div>\n<\/div>\n<\/div>\n
\n
\n
volatility environment so in those<\/div>\n<\/div>\n<\/div>\n
\n
\n
situations yes you have to be careful<\/div>\n<\/div>\n<\/div>\n
\n
\n
think that you know adjusting one your<\/div>\n<\/div>\n<\/div>\n
\n
\n
sizing and you know that’s a whole<\/div>\n<\/div>\n<\/div>\n
\n
\n
nother story you adjust your size to the<\/div>\n<\/div>\n<\/div>\n
\n
\n
volatility environment<\/div>\n<\/div>\n<\/div>\n
\n
\n
but even as you know for an example<\/div>\n<\/div>\n<\/div>\n
\n
\n
today<\/div>\n<\/div>\n<\/div>\n
\n
\n
as we’ve been talking we’ve seen the<\/div>\n<\/div>\n<\/div>\n
\n
\n
market put in a low<\/div>\n<\/div>\n<\/div>\n
\n
\n
breakdown and look we put in a thousand<\/div>\n<\/div>\n<\/div>\n
\n
\n
tick down here at 12.46<\/div>\n<\/div>\n<\/div>\n
\n
\n
but even then the market is sustaining<\/div>\n<\/div>\n<\/div>\n
\n
\n
these negative ticks and selling us<\/div>\n<\/div>\n<\/div>\n
\n
\n
lower and lower lower<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then as soon as we pop back up we<\/div>\n<\/div>\n<\/div>\n
\n
\n
actually put in a big negative tick<\/div>\n<\/div>\n<\/div>\n
\n
\n
today this negative tick gets put in<\/div>\n<\/div>\n<\/div>\n
\n
\n
we bounce and then do we put in a higher<\/div>\n<\/div>\n<\/div>\n
\n
\n
low with this exhaustion tick<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know we’re starting to see the ticks<\/div>\n<\/div>\n<\/div>\n
\n
\n
start to distribute a little bit less<\/div>\n<\/div>\n<\/div>\n
\n
\n
negative<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know maybe we get a big move back<\/div>\n<\/div>\n<\/div>\n
\n
\n
above the overnight low that has like a<\/div>\n<\/div>\n<\/div>\n
\n
\n
4 500 tick but right now you can see<\/div>\n<\/div>\n<\/div>\n
\n
\n
we’re very distributed to the downside<\/div>\n<\/div>\n<\/div>\n
\n
\n
ever since we broke down from view app<\/div>\n<\/div>\n<\/div>\n
\n
\n
up here<\/div>\n<\/div>\n<\/div>\n
\n
\n
so you know it’s a nuanced thing you<\/div>\n<\/div>\n<\/div>\n
\n
\n
don’t want to get to the point where<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re it’s your soul mechanism you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re doing everything off of tick like<\/div>\n<\/div>\n<\/div>\n
\n
\n
if a tick gets put in like this<\/div>\n<\/div>\n<\/div>\n
\n
\n
often negatives like oh i have to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
short here i have to be short here still<\/div>\n<\/div>\n<\/div>\n
\n
\n
build out your inflections<\/div>\n<\/div>\n<\/div>\n
\n
\n
still look to only trade from really<\/div>\n<\/div>\n<\/div>\n
\n
\n
good trade location but if you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is the difference between us<\/div>\n<\/div>\n<\/div>\n
\n
\n
talking about all right if price gets to<\/div>\n<\/div>\n<\/div>\n
\n
\n
this<\/div>\n<\/div>\n<\/div>\n
\n
\n
50 cent band in the spies where am i<\/div>\n<\/div>\n<\/div>\n
\n
\n
going to put my risk on am i going to<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know start at the beginning of that<\/div>\n<\/div>\n<\/div>\n
\n
\n
zone or am i going to wait to the back<\/div>\n<\/div>\n<\/div>\n
\n
\n
using tick can help you get better trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
location and obviously the better your<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade location<\/div>\n<\/div>\n<\/div>\n
\n
\n
the better your wrist reward and that’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
the entire purpose of using<\/div>\n<\/div>\n<\/div>\n
\n
\n
an indicator like the tick you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
obviously there’s merit to<\/div>\n<\/div>\n<\/div>\n
\n
\n
using it to kind of figure out momentum<\/div>\n<\/div>\n<\/div>\n
\n
\n
situations you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
as we’re consolidating here selling<\/div>\n<\/div>\n<\/div>\n
\n
\n
selling selling but as soon as we kind<\/div>\n<\/div>\n<\/div>\n
\n
\n
of<\/div>\n<\/div>\n<\/div>\n
\n
\n
we see these positive ticks get put in<\/div>\n<\/div>\n<\/div>\n
\n
\n
and the ticks start to shift momentum<\/div>\n<\/div>\n<\/div>\n
\n
\n
early this morning even before we’ve<\/div>\n<\/div>\n<\/div>\n
\n
\n
broken out of this consolidation<\/div>\n<\/div>\n<\/div>\n
\n
\n
we get this first positive tick even<\/div>\n<\/div>\n<\/div>\n
\n
\n
before we’ve taken out the consolidation<\/div>\n<\/div>\n<\/div>\n
\n
\n
see more ticks more ticks more ticks<\/div>\n<\/div>\n<\/div>\n
\n
\n
more ticks more ticks and then right<\/div>\n<\/div>\n<\/div>\n
\n
\n
here<\/div>\n<\/div>\n<\/div>\n
\n
\n
this isn’t until 10 12 that we actually<\/div>\n<\/div>\n<\/div>\n
\n
\n
start to take out the highs we’ve<\/div>\n<\/div>\n<\/div>\n
\n
\n
already had distributed positive ticks<\/div>\n<\/div>\n<\/div>\n
\n
\n
so it can be a little bit of a leading<\/div>\n<\/div>\n<\/div>\n
\n
\n
indicator in those instances<\/div>\n<\/div>\n<\/div>\n
\n
\n
but not always and it’s something that<\/div>\n<\/div>\n<\/div>\n
\n
\n
takes practice to read and you don’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
want to get too caught up<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know watching tick by tick on a one<\/div>\n<\/div>\n<\/div>\n
\n
\n
minute chart using it around your major<\/div>\n<\/div>\n<\/div>\n
\n
\n
inflections that are built off of<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know volume profile or you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
whatever type of<\/div>\n<\/div>\n<\/div>\n
\n
\n
way you have to build out your own<\/div>\n<\/div>\n<\/div>\n
\n
\n
levels using it around those inflections<\/div>\n<\/div>\n<\/div>\n
\n
\n
is the way to really have<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know solid edge gotcha so it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
definitely lower on the hierarchy<\/div>\n<\/div>\n<\/div>\n
\n
\n
relative to<\/div>\n<\/div>\n<\/div>\n
\n
\n
context yeah yeah yeah you go you go<\/div>\n<\/div>\n<\/div>\n
\n
\n
context<\/div>\n<\/div>\n<\/div>\n
\n
\n
your levels obviously intraday price<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and then on under the surface you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know you can go under the hood to see<\/div>\n<\/div>\n<\/div>\n
\n
\n
how things are developing is when i use<\/div>\n<\/div>\n<\/div>\n
\n
\n
things like the advanced decline line<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and the nicey tick to try and gauge<\/div>\n<\/div>\n<\/div>\n
\n
\n
momentum situations gauge who’s in<\/div>\n<\/div>\n<\/div>\n
\n
\n
control<\/div>\n<\/div>\n<\/div>\n
\n
\n
time my executions a little bit better<\/div>\n<\/div>\n<\/div>\n
\n
\n
the ad line’s a little bit better for<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
looking at underlying momentum is this a<\/div>\n<\/div>\n<\/div>\n
\n
\n
rotationary environment is everything<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of moving together<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s all about building that bigger<\/div>\n<\/div>\n<\/div>\n
\n
\n
picture when eventually you come down to<\/div>\n<\/div>\n<\/div>\n
\n
\n
actually executing your trade ideas<\/div>\n<\/div>\n<\/div>\n
\n
\n
will you ever change like the size of<\/div>\n<\/div>\n<\/div>\n
\n
\n
your trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
or how you how much you’re willing to<\/div>\n<\/div>\n<\/div>\n
\n
\n
risk on a trade relative to<\/div>\n<\/div>\n<\/div>\n
\n
\n
if the lower those lower tools are going<\/div>\n<\/div>\n<\/div>\n
\n
\n
to be confluent or dissident with your<\/div>\n<\/div>\n<\/div>\n
\n
\n
thesis<\/div>\n<\/div>\n<\/div>\n
\n
\n
um usually no if anything i’ll<\/div>\n<\/div>\n<\/div>\n
\n
\n
hold more size if it looks better if it<\/div>\n<\/div>\n<\/div>\n
\n
\n
doesn’t look bad<\/div>\n<\/div>\n<\/div>\n
\n
\n
often like if it looks bad like let’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
say you know the ad line is<\/div>\n<\/div>\n<\/div>\n
\n
\n
not making highs as we’re making highs<\/div>\n<\/div>\n<\/div>\n
\n
\n
and there’s a little bit of a divergence<\/div>\n<\/div>\n<\/div>\n
\n
\n
you really want to watch in real time<\/div>\n<\/div>\n<\/div>\n
\n
\n
and be like are they going to take this<\/div>\n<\/div>\n<\/div>\n
\n
\n
divergence out is this divergence just<\/div>\n<\/div>\n<\/div>\n
\n
\n
because iwm is not as strong<\/div>\n<\/div>\n<\/div>\n
\n
\n
you do have to make sure that every<\/div>\n<\/div>\n<\/div>\n
\n
\n
situation is not going to be the same<\/div>\n<\/div>\n<\/div>\n
\n
\n
and it’s not always going to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
playing out exactly how you expect so<\/div>\n<\/div>\n<\/div>\n
\n
\n
you have to make sure that<\/div>\n<\/div>\n<\/div>\n
\n
\n
in real time you’re doing everything top<\/div>\n<\/div>\n<\/div>\n
\n
\n
to bottom<\/div>\n<\/div>\n<\/div>\n
\n
\n
how are we on the hourly how are you how<\/div>\n<\/div>\n<\/div>\n
\n
\n
are we down on a five minute one minute<\/div>\n<\/div>\n<\/div>\n
\n
\n
then how are we on the internals putting<\/div>\n<\/div>\n<\/div>\n
\n
\n
all that together is the way that you<\/div>\n<\/div>\n<\/div>\n
\n
\n
can really start to make<\/div>\n<\/div>\n<\/div>\n
\n
\n
a strong evaluation of what’s going on i<\/div>\n<\/div>\n<\/div>\n
\n
\n
don’t usually<\/div>\n<\/div>\n<\/div>\n
\n
\n
change my sizing based off of the market<\/div>\n<\/div>\n<\/div>\n
\n
\n
internals i usually trade change my<\/div>\n<\/div>\n<\/div>\n
\n
\n
sizing based off of what’s happening<\/div>\n<\/div>\n<\/div>\n
\n
\n
on higher time frames like as in today<\/div>\n<\/div>\n<\/div>\n
\n
\n
like<\/div>\n<\/div>\n<\/div>\n
\n
\n
i didn’t make any trades today because<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know i wanted to short this<\/div>\n<\/div>\n<\/div>\n
\n
\n
i was kind of talking about that in the<\/div>\n<\/div>\n<\/div>\n
\n
\n
11am meeting i was trying to short this<\/div>\n<\/div>\n<\/div>\n
\n
\n
but it didn’t quite peak up to where i<\/div>\n<\/div>\n<\/div>\n
\n
\n
wanted it from<\/div>\n<\/div>\n<\/div>\n
\n
\n
but even then today you know i would<\/div>\n<\/div>\n<\/div>\n
\n
\n
have been a little bit smaller size on<\/div>\n<\/div>\n<\/div>\n
\n
\n
this just because we’re in a<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidation<\/div>\n<\/div>\n<\/div>\n
\n
\n
type environment but then as soon as we<\/div>\n<\/div>\n<\/div>\n
\n
\n
break lows and we start to expand the<\/div>\n<\/div>\n<\/div>\n
\n
\n
range a little bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
you start to press it and maybe you you<\/div>\n<\/div>\n<\/div>\n
\n
\n
think about you know are we going to go<\/div>\n<\/div>\n<\/div>\n
\n
\n
a little bit lower are we going to go<\/div>\n<\/div>\n<\/div>\n
\n
\n
all the way to 3500 or 3505<\/div>\n<\/div>\n<\/div>\n
\n
\n
maybe you start to size up as the ranges<\/div>\n<\/div>\n<\/div>\n
\n
\n
expand<\/div>\n<\/div>\n<\/div>\n
\n
\n
but then again you know the range is<\/div>\n<\/div>\n<\/div>\n
\n
\n
expanding sizes you up automatically so<\/div>\n<\/div>\n<\/div>\n
\n
\n
you have to make sure that you’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
keeping track of both of those things in<\/div>\n<\/div>\n<\/div>\n
\n
\n
real time<\/div>\n<\/div>\n<\/div>\n
\n
\n
would be interesting to see if we didn’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
bounce from right here<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know as we put in these you can<\/div>\n<\/div>\n<\/div>\n
\n
\n
start to see the situation developing<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know is this going to be a higher<\/div>\n<\/div>\n<\/div>\n
\n
\n
low that gets put in or are we going to<\/div>\n<\/div>\n<\/div>\n
\n
\n
see<\/div>\n<\/div>\n<\/div>\n
\n
\n
more sustained negative thousand ticks<\/div>\n<\/div>\n<\/div>\n
\n
\n
that even bring us to a new low<\/div>\n<\/div>\n<\/div>\n
\n
\n
i don’t have my levels up on this chart<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i don’t really have that good of an<\/div>\n<\/div>\n<\/div>\n
\n
\n
idea of where we are<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah that morning sequence with the tick<\/div>\n<\/div>\n<\/div>\n
\n
\n
holding below the zero line and then<\/div>\n<\/div>\n<\/div>\n
\n
\n
breaking above is almost that leading<\/div>\n<\/div>\n<\/div>\n
\n
\n
indicator that was a really interesting<\/div>\n<\/div>\n<\/div>\n
\n
\n
sequence for someone<\/div>\n<\/div>\n<\/div>\n
\n
\n
who’s new to the tick and i didn’t know<\/div>\n<\/div>\n<\/div>\n
\n
\n
if that was something that was<\/div>\n<\/div>\n<\/div>\n
\n
\n
repeatable or common<\/div>\n<\/div>\n<\/div>\n
\n
\n
in seeing it what i’ll say is you’ll see<\/div>\n<\/div>\n<\/div>\n
\n
\n
repeatable patterns all over the place<\/div>\n<\/div>\n<\/div>\n
\n
\n
and they don’t always<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know do the same things there’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
always going to be different scenarios<\/div>\n<\/div>\n<\/div>\n
\n
\n
that happen<\/div>\n<\/div>\n<\/div>\n
\n
\n
i basically was thinking<\/div>\n<\/div>\n<\/div>\n
\n
\n
that we were going to get some type of<\/div>\n<\/div>\n<\/div>\n
\n
\n
negative<\/div>\n<\/div>\n<\/div>\n
\n
\n
6 800 tick on this low that would have<\/div>\n<\/div>\n<\/div>\n
\n
\n
set up an exhaustion trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
to trade back towards the top of the<\/div>\n<\/div>\n<\/div>\n
\n
\n
range but since we didn’t get that<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you know we’re holding negative<\/div>\n<\/div>\n<\/div>\n
\n
\n
ticks but they can’t push us lower they<\/div>\n<\/div>\n<\/div>\n
\n
\n
can’t push us lower they can’t push us<\/div>\n<\/div>\n<\/div>\n
\n
\n
lower as i started to see that i was<\/div>\n<\/div>\n<\/div>\n
\n
\n
like all right we’re probably going to<\/div>\n<\/div>\n<\/div>\n
\n
\n
go up<\/div>\n<\/div>\n<\/div>\n
\n
\n
i don’t think there’s a long set up here<\/div>\n<\/div>\n<\/div>\n
\n
\n
because i don’t like risking this weak<\/div>\n<\/div>\n<\/div>\n
\n
\n
low i don’t like risking<\/div>\n<\/div>\n<\/div>\n
\n
\n
here either i think the real risk is the<\/div>\n<\/div>\n<\/div>\n
\n
\n
overnight low<\/div>\n<\/div>\n<\/div>\n
\n
\n
we’re a little bit too far away from<\/div>\n<\/div>\n<\/div>\n
\n
\n
that risk reward wise because i don’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
think we’re going to go right to the<\/div>\n<\/div>\n<\/div>\n
\n
\n
overnight high unless the momentum<\/div>\n<\/div>\n<\/div>\n
\n
\n
situation really starts to change<\/div>\n<\/div>\n<\/div>\n
\n
\n
so in that situation yeah it was a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit unique to see negative ticks<\/div>\n<\/div>\n<\/div>\n
\n
\n
as we’re not really selling off<\/div>\n<\/div>\n<\/div>\n
\n
\n
but that tells you okay maybe we need to<\/div>\n<\/div>\n<\/div>\n
\n
\n
go higher<\/div>\n<\/div>\n<\/div>\n
\n
\n
for sellers to really get it done or<\/div>\n<\/div>\n<\/div>\n
\n
\n
buyers are<\/div>\n<\/div>\n<\/div>\n
\n
\n
willing to buy here and we’re getting<\/div>\n<\/div>\n<\/div>\n
\n
\n
acceptance and we’re gonna we need to<\/div>\n<\/div>\n<\/div>\n
\n
\n
push higher<\/div>\n<\/div>\n<\/div>\n
\n
\n
and see how they manage the situation<\/div>\n<\/div>\n<\/div>\n
\n
\n
but it would be interesting to see<\/div>\n<\/div>\n<\/div>\n
\n
\n
whether or not that’s not a high or low<\/div>\n<\/div>\n<\/div>\n
\n
\n
on the day’s time frame even though i<\/div>\n<\/div>\n<\/div>\n
\n
\n
think<\/div>\n<\/div>\n<\/div>\n
\n
\n
my levels are basically<\/div>\n<\/div>\n<\/div>\n
\n
\n
like right here to<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s kind of the inflection area i<\/div>\n<\/div>\n<\/div>\n
\n
\n
have looks like it wicked below it a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
so we’ll see if we can kind of stabilize<\/div>\n<\/div>\n<\/div>\n
\n
\n
here and push back up or if we’re going<\/div>\n<\/div>\n<\/div>\n
\n
\n
to continue to roll and trend into the<\/div>\n<\/div>\n<\/div>\n
\n
\n
afternoon<\/div>\n<\/div>\n<\/div>\n
\n
\n
um but i think that’s we basically<\/div>\n<\/div>\n<\/div>\n
\n
\n
covered everything i don’t want to<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know have this go on for too long<\/div>\n<\/div>\n<\/div>\n
\n
\n
we’ve gone over a lot with the tick<\/div>\n<\/div>\n<\/div>\n
\n
\n
thank you for putting that together for<\/div>\n<\/div>\n<\/div>\n
\n
\n
me and i hope everybody learned<\/div>\n<\/div>\n<\/div>\n
\n
\n
something<\/div>\n<\/div>\n<\/div>\n
\n
\n
a little bit more about using some<\/div>\n<\/div>\n<\/div>\n
\n
\n
market indicators about what’s going on<\/div>\n<\/div>\n<\/div>\n
\n
\n
under the surface in order to make<\/div>\n<\/div>\n<\/div>\n
\n
\n
stronger trade decisions in the spies<\/div>\n<\/div>\n<\/div>\n
\n
\n
hey go ahead and click our subscribe<\/div>\n<\/div>\n<\/div>\n
\n
\n
button so you don’t miss<\/div>\n<\/div>\n<\/div>\n
\n
\n
any of the videos they were producing<\/div>\n<\/div>\n<\/div>\n
\n
\n
for you and the trading community and<\/div>\n<\/div>\n<\/div>\n
\n
\n
please<\/div>\n<\/div>\n<\/div>\n
\n
\n
take the time to add your feedback in<\/div>\n<\/div>\n<\/div>\n
\n
\n
the comments section for what videos<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’d like for us to produce next and<\/div>\n<\/div>\n<\/div>\n
\n
\n
what you found helpful from this video<\/div>\n<\/div>\n<\/div>\n
\n
\n
from all of us at smb train and trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
well<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n
\n
\n
English (auto-generated)<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
<\/div>\n
\n
<\/div>\n
<\/div>\n
\n
<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\"\"<\/a><\/p>\n

* no relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"

In this video Senior Trader Ryan helps a developing trader go over a trade in $SPY using the $TICK indicator. Ryan breaks down in detail what TICK is and how you can use it to make better trade decisions, get better trade entries, and gauge overall momentum in the market. If you want to add this essential trading indicator to … Read More<\/a><\/p>\n","protected":false},"author":290,"featured_media":50271,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[4189],"tags":[],"class_list":["post-50270","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-free-daily-trading-video","post_format-post-format-video"],"yoast_head":"\nLearn to Use Market Indicators | SMB Training<\/title>\n<meta name=\"description\" content=\"Teach new traders how to use essential market indicators for successful trading. Join us now!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/teaching-a-new-trader-how-to-use-the-essential-market-trading-indicator-tick\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Learn to Use Market Indicators | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Teach new traders how to use essential market indicators for successful trading. Join us now!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/teaching-a-new-trader-how-to-use-the-essential-market-trading-indicator-tick\" \/>\n<meta property=\"og:site_name\" content=\"SMB Training Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/smbcap\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-13T16:24:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-08T19:16:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/11\/essential-trading-indicator.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"smbcapital\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:site\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"smbcapital\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"35 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/teaching-a-new-trader-how-to-use-the-essential-market-trading-indicator-tick#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/teaching-a-new-trader-how-to-use-the-essential-market-trading-indicator-tick\"},\"author\":{\"name\":\"smbcapital\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/57cc9affbbb6763e0012594ad884b25a\"},\"headline\":\"Essential Market Indicator: Mastering Trading with the TICK\",\"datePublished\":\"2020-11-13T16:24:36+00:00\",\"dateModified\":\"2023-06-08T19:16:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/teaching-a-new-trader-how-to-use-the-essential-market-trading-indicator-tick\"},\"wordCount\":7975,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/teaching-a-new-trader-how-to-use-the-essential-market-trading-indicator-tick#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/11\/essential-trading-indicator.jpg\",\"articleSection\":[\"Free Daily Trading Video\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/teaching-a-new-trader-how-to-use-the-essential-market-trading-indicator-tick\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/teaching-a-new-trader-how-to-use-the-essential-market-trading-indicator-tick\",\"name\":\"Learn to Use Market Indicators | SMB Training\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/teaching-a-new-trader-how-to-use-the-essential-market-trading-indicator-tick#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/teaching-a-new-trader-how-to-use-the-essential-market-trading-indicator-tick#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/11\/essential-trading-indicator.jpg\",\"datePublished\":\"2020-11-13T16:24:36+00:00\",\"dateModified\":\"2023-06-08T19:16:45+00:00\",\"description\":\"Teach new traders how to use essential market indicators for successful trading. Join us now!\",\"breadcrumb\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/teaching-a-new-trader-how-to-use-the-essential-market-trading-indicator-tick#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/teaching-a-new-trader-how-to-use-the-essential-market-trading-indicator-tick\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/teaching-a-new-trader-how-to-use-the-essential-market-trading-indicator-tick#primaryimage\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/11\/essential-trading-indicator.jpg\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/11\/essential-trading-indicator.jpg\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/teaching-a-new-trader-how-to-use-the-essential-market-trading-indicator-tick#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.smbtraining.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Essential Market Indicator: Mastering Trading with the TICK\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/\",\"name\":\"SMB Training Blog\",\"description\":\"Lessons from the trading desk\",\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.smbtraining.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\",\"name\":\"SMB Training\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png\",\"width\":230,\"height\":81,\"caption\":\"SMB Training\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/smbcap\/\",\"https:\/\/x.com\/smbcapital\",\"https:\/\/www.youtube.com\/user\/smbcapital\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/57cc9affbbb6763e0012594ad884b25a\",\"name\":\"smbcapital\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/author\/smbcapital\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Learn to Use Market Indicators | SMB Training","description":"Teach new traders how to use essential market indicators for successful trading. Join us now!","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.smbtraining.com\/blog\/teaching-a-new-trader-how-to-use-the-essential-market-trading-indicator-tick","og_locale":"en_US","og_type":"article","og_title":"Learn to Use Market Indicators | SMB Training","og_description":"Teach new traders how to use essential market indicators for successful trading. Join us now!","og_url":"https:\/\/www.smbtraining.com\/blog\/teaching-a-new-trader-how-to-use-the-essential-market-trading-indicator-tick","og_site_name":"SMB Training Blog","article_publisher":"https:\/\/www.facebook.com\/smbcap\/","article_published_time":"2020-11-13T16:24:36+00:00","article_modified_time":"2023-06-08T19:16:45+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/11\/essential-trading-indicator.jpg","type":"image\/jpeg"}],"author":"smbcapital","twitter_card":"summary_large_image","twitter_creator":"@smbcapital","twitter_site":"@smbcapital","twitter_misc":{"Written by":"smbcapital","Est. reading time":"35 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.smbtraining.com\/blog\/teaching-a-new-trader-how-to-use-the-essential-market-trading-indicator-tick#article","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/teaching-a-new-trader-how-to-use-the-essential-market-trading-indicator-tick"},"author":{"name":"smbcapital","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/57cc9affbbb6763e0012594ad884b25a"},"headline":"Essential Market Indicator: Mastering Trading with the TICK","datePublished":"2020-11-13T16:24:36+00:00","dateModified":"2023-06-08T19:16:45+00:00","mainEntityOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/teaching-a-new-trader-how-to-use-the-essential-market-trading-indicator-tick"},"wordCount":7975,"publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/teaching-a-new-trader-how-to-use-the-essential-market-trading-indicator-tick#primaryimage"},"thumbnailUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/11\/essential-trading-indicator.jpg","articleSection":["Free Daily Trading Video"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.smbtraining.com\/blog\/teaching-a-new-trader-how-to-use-the-essential-market-trading-indicator-tick","url":"https:\/\/www.smbtraining.com\/blog\/teaching-a-new-trader-how-to-use-the-essential-market-trading-indicator-tick","name":"Learn to Use Market Indicators | SMB Training","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/teaching-a-new-trader-how-to-use-the-essential-market-trading-indicator-tick#primaryimage"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/teaching-a-new-trader-how-to-use-the-essential-market-trading-indicator-tick#primaryimage"},"thumbnailUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/11\/essential-trading-indicator.jpg","datePublished":"2020-11-13T16:24:36+00:00","dateModified":"2023-06-08T19:16:45+00:00","description":"Teach new traders how to use essential market indicators for successful trading. Join us now!","breadcrumb":{"@id":"https:\/\/www.smbtraining.com\/blog\/teaching-a-new-trader-how-to-use-the-essential-market-trading-indicator-tick#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.smbtraining.com\/blog\/teaching-a-new-trader-how-to-use-the-essential-market-trading-indicator-tick"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/teaching-a-new-trader-how-to-use-the-essential-market-trading-indicator-tick#primaryimage","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/11\/essential-trading-indicator.jpg","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/11\/essential-trading-indicator.jpg","width":1280,"height":720},{"@type":"BreadcrumbList","@id":"https:\/\/www.smbtraining.com\/blog\/teaching-a-new-trader-how-to-use-the-essential-market-trading-indicator-tick#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.smbtraining.com\/blog"},{"@type":"ListItem","position":2,"name":"Essential Market Indicator: Mastering Trading with the TICK"}]},{"@type":"WebSite","@id":"https:\/\/www.smbtraining.com\/blog\/#website","url":"https:\/\/www.smbtraining.com\/blog\/","name":"SMB Training Blog","description":"Lessons from the trading desk","publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.smbtraining.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.smbtraining.com\/blog\/#organization","name":"SMB Training","url":"https:\/\/www.smbtraining.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png","width":230,"height":81,"caption":"SMB Training"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/smbcap\/","https:\/\/x.com\/smbcapital","https:\/\/www.youtube.com\/user\/smbcapital"]},{"@type":"Person","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/57cc9affbbb6763e0012594ad884b25a","name":"smbcapital","url":"https:\/\/www.smbtraining.com\/blog\/author\/smbcapital"}]}},"_links":{"self":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/50270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/users\/290"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/comments?post=50270"}],"version-history":[{"count":5,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/50270\/revisions"}],"predecessor-version":[{"id":55686,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/50270\/revisions\/55686"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media\/50271"}],"wp:attachment":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media?parent=50270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/categories?post=50270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/tags?post=50270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}