I'm compelled to write about TickStrike customer service. I note the last post in this thread was in 2016. I decided after several months that TickStrike was not for me. Beginning 2 weeks before renewal, I have repeatedly sent emails requesting cancellation of my subscription.
I received exactly one response saying that they couldn't find my account and was I using PayPal or credit card. I replied and have heard nothing since. I sent a few more emails requesting a response and have heard nothing.
This morning, I received an email auto-receipt charging me for the next month.
Am I blind, or aren´t there any Terms of Services on their homepage? I´m really hesitating giving my credit card information without having any contract or Terms of Services....
It already has nine out of ten of the largest companies, or 15 out of the top 20 if you really want to go for it. But for trading the ES I would have thought the largest first ten would be enough as after that you are down to below one percent weightings anyway.
I would be surprised if one wanted more than that as for me it would risk becoming conflicting information with smaller weightings possibly colouring the opposite way and being distracting.
Agree it is a very nice way to show correlation information though, and your results are great. Well done.
A list of the top ES weightings with the current TickStrike stocks highlighted (listed on their website opening page).
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
I hadn't thought of that to be honest as I don't actually trade the ES but prefer the NQ.
With that futures index the highest weighted eight stocks make up 48% of it so can clearly provide a useful reference from a relatively small number. In comparison the highest weighted ten stocks on the ES account for a much lower share at 28% (from SlickCharts as before).
So I see your point that sectors representation could be more important for the ES, but having said that looking at the weightings, the largest stock not already available of those sectors is Exxon in at number 12 and that is only a touch above 1% so everything below that is going so have an even smaller influence.
Therefore I can see how an important sector like energy or pharma might be a drag on the index if they as a whole were well down on the day for instance, but I would have thought that if the individual stocks due to their small weighting by themselves happened to be ticking up or down at the time would largely become irrelevant as one went down the list from the top highest weighted and most influential stocks.
But as with the best tools, the nice thing about it is the simplicity in the form of the information provided so people can easily incorporate it in whichever way they find best.
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
Hi there, with such a high % of wins and small small profit targets, what size stop loss do you use ?
Do you trail it ?
What is you average number of trades per day ?
I used Tickstrike a few years ago, before the current update, and wasn't able to benefit that much from it.
But I was going for bigger targets. I am curious to know what other other factors (apart from the Tickstrike signals)
make you decide to enter a trade.
Thank you.
Thank you for the detailed response.
It hadn't occurred to me that it would be possible to be consistently profitable scalping for 2 ticks, and your win rate is very impressive.
When you review your trades do you find that a lot of them would have hit 3 or 4 ticks profit before reversing to the stop loss ? In your case 1 or 2 ticks extra is a big increase in profits and may be worth going for, with a slightly lower win rate.
I see that the new version of Tickstrike has a meter that goes to 15.
Do you have a threshold that you wait for before taking a trade , eg wait til the meter hits 11 or 12 ?
Do you wait to see correlation in other indices, or is the signal on the ES enough for you ?
Do you rely solely on the signal, or is it just confirmation of an intention to enter at a certain price area or chart pattern?
To enter do you hit the market, or hit the Ask ( to go long) , Bid ( to go short) ?
I think scalping is a difficult way to go for most of us retail traders, so I am glad to hear that someone can do it.
If your method doesn't involve much decision making beyond the Tickstrike signal, I wonder if it could be automated.
Waiting, Discipline and Patience Pays!
