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$Tick Trading Journal


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$Tick Trading Journal

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  #1 (permalink)
Shreveport, LA
 
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I will begin my journal here. Instead of spewing random thoughts concerning setups and such in the Spoonalysis thread, I would be much better served by keeping them concentrated for myself, and those that may be interested, in a separate thread. Thanks @Big Mike for making this forum available for such.

My primary focus is the /es. My trades are triggered using the nyse $tick, as this is the closest thing I have found to a real time (leading?) indicator that I am aware of.

Before I get into my method of madness, let me say that there are several people that have been trading mentors to me, yet they have no idea. I have been fortunate to be able to learn from some unbelievable traders and none charged a dime. Some found here on futures.io (formerly BMT), some elsewhere. Lucky for me, most were shortlived. Because when they would post, I couldn’t concentrate on what I should have been concentrating on which is “my trading.” Instead, I would be too consumed with wondering what they might post next so I could follow. It was only when they went silent, that I could find the confidence to place “my” trades.

My trading begins with trying to determine the context of the market. Are we trending, or are we within a bracket? My trade locations are based on predetermined areas of interest. These areas are found by analyzing the market in several time frames. I rely on Market Profile to locate such areas. I prefer to take my trades at “extremes”, or outside of value. I use profile value areas, and vwap 2nd sd bands. I watch for these areas to form a confluence area with other key levels such as pivots, retracement areas, etc. Everything in my trading is discretionary so I am wrong often. Before I enter a trade, I always know where I will be proven wrong. An example would be fading a retracement at 50% and placing my stop a tick or two beyond the 61.8% level. ( Sounds good, but will I get out? That is one purpose of this journal I suppose.)

As for the $tick, I could not trade without it. It is my primary tool for triggers. I use a 5 min & 1 min tick chart. I look for divergence with moving average. I use trendlines & channels, identify support & resistance, all on my tick chart instead of the price chart. Often a channel break, etc. will occur before the price will. I also pay attention to new tick hi’s, low’s of the day & especially extreme ticks. Typically readings over 1000, under -1000. I am also beginning to incorporate the vol ladder into my trading.

Below is a screenshot

I hope to receive feedback about this journal, thanks in advance


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  #3 (permalink)
Shreveport, LA
 
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QE freight train, this chart makes me ignore all of the short term divergences on my screen at the moment. The only way I would consider a reversal trade here would be for the market to stop one time framing, short try outside value currently at 82, stop just above DR3 at 84.



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  #4 (permalink)
Shreveport, LA
 
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pivot confluence here


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  #5 (permalink)
London England
 
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Looking forward to this journal sounds interesting. I want to learn more on how people use $Tick, there is a good thread on here actually I'm sure you might have read it already.

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  #6 (permalink)
Shreveport, LA
 
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Yes, I would recommend you check out Dr Steenbarger's Traderfeed blog as well if you haven't already. A wealth of info about nyse $tick found there. I read back through it regularly.

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  #7 (permalink)
Shreveport, LA
 
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Bull in full beast mode. ma solidly above zero line. few dips below the last 4 days. would at least wait for moving avg to break trendline before thinking of countertrend trades.


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  #8 (permalink)
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maybe the reason for today's breakout


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  #9 (permalink)
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Xelaneb View Post
maybe the reason for today's breakout


Please include a source link when quoting other material, such as Bespoke.

The problem with Bespoke is they've never published (to my knowledge) a graph that shows how accurate their own polls are, for example overlaying their poll sentiment with actual market performance.

Mike

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  #10 (permalink)
Shreveport, LA
 
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will do MIke, my apologies

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May 16, 2013


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