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What is your experience with TickStrike? (sound of the market) www.tickstrike.com


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What is your experience with TickStrike? (sound of the market) www.tickstrike.com

 
 
Stillgreen's Avatar
 Stillgreen 
Oregon
 
Experience: Beginner
Platform: Sierra Chart
Trading: ES
Posts: 196 since May 2014
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Stillgreen View Post
This website
FinancialJuice | Your Financial Universe In One Place & In Real-Time

has a free, simplified version of TickStrike, only for ES. If someone here has the full version, could you compare them and tell if this free version is accurate ?

@lancelottrader and @Otterly, do you guys have TickStrike for ES ? Could you compare it to the one on that site and report back ? Thank you.


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 Otterly 
Zurich, Switzerland
 
Experience: Intermediate
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Stillgreen View Post
@lancelottrader and @Otterly, do you guys have TickStrike for ES ? Could you compare it to the one on that site and report back ? Thank you.

Seems to line up, yes.

As soon as the Tickstrike notifies the Financialjuice version lights up.

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 kempo 
Anchorage
 
Experience: Advanced
Platform: Ninjatrader, TOS
Trading: ES, NQ, spx options
Posts: 4 since Jan 2013
Thanks Given: 49
Thanks Received: 5


(I've emerged briefly from my rabbit hole)

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.

Beware.

kempo

 
 pipandrun 
Cologne, Germany
Market Wizard
 
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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....

Waiting, Discipline and Patience Pays!
Visit my NexusFi Trade Journal
 
 matteo83 
San Escobar
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Denali/Rythmic
Trading: Futures & options
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Hi guys,

If any of you have bought a Tickstrike lifetime license but are not using it anymore please DM me. I'm interested to buy it back from you.

Don't post here, DM me.

 
 
matthew28's Avatar
 matthew28 
United Kingdom
 
Experience: Beginner
Platform: Bookmap
Broker: Stage 5, Rithmic
Trading: US Equity Index Futures
Posts: 1,250 since Sep 2013
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JohnTCHT View Post
Within a week or so it will be greatly improved with added symbols of many of the top market capitalized stocks within the ES.

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
 
 
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 bobwest 
Western Florida
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JohnTCHT View Post
Whether you are using Tick Strike or not --- LISTEN UP! They are updating the app with additional stock symbols. Within a week or so it will be greatly improved with added symbols of many of the top market capitalized stocks within the ES. It is a miracle app right now, but can you imagine how good it will be once the additional major stocks of the S&P 500 are added for better establishing strength and trends for the S&P 500 futures???

I am finding, after just a couple of months' use, that it is almost impossible for me to enter at the wrong time. I am trading the S&P 500, going for short wins (usually 2 to 4 ticks per entry depending on strength of indicator signal), going in multiple times as each new high strength activity is indicated, within the established trend, starts up again (making sure to stick with the established direction and never bucking the existing trend until a new direction is well established), and lastly dividing my entries up into multiple entries (If I am trading 10 contracts, I enter 2 per time for possible averaging if it reverses ever so slightly), then moving my exit closer to the market position to my original goal (number of ticks per contract average) so the exit is uniform and happens all at once. Lastly, do not enter right at the open (or other highly volatile periods) as no app can react to that much volatility (actually, the app can but you cannot).

Doing this, I am winning 96++ percent of my entries and managing to pull as much as ten percent on capital daily (well worth the investment in a lifetime license). With this on my side, I can also go in with shorter stop outs, risking far less per entry.

Can't imagine where I could be if this had been brought to my attention earlier!!!


JohnTCHT View Post
Hi:

Try Tick Strike https://tickstrike.com/

I am finding, after just a couple of months' use, that it is almost impossible for me to enter at the wrong time. I am trading the S&P 500, going for short wins (usually 2 to 4 ticks per entry depending on strength of indicator signal), going in multiple times as each new high strength activity is indicated, within the established trend, starts up again (making sure to stick with the established direction and never bucking the existing trend until a new direction is well established), and lastly dividing my entries up into multiple entries (If I am trading 10 contracts, I enter 2 per time for possible averaging if it reverses ever so slightly), then moving my exit closer to the market position to my original goal (number of ticks per contract average) so the exit is uniform and happens all at once. Lastly, do not enter right at the open (or other highly volatile periods) as no app can react to that much volatility (actually, the app can but you cannot).


JohnTCHT View Post
Hi:

Suggest you use candlesticks not Renko for this. Try Tick Strike https://tickstrike.com/

I am finding, after just a couple of months' use, that it is almost impossible for me to enter at the wrong time. I am trading the S&P 500, going for short wins (usually 2 to 4 ticks per entry depending on strength of indicator signal), going in multiple times as each new high strength activity is indicated, within the established trend, starts up again (making sure to stick with the established direction and never bucking the existing trend until a new direction is well established), and lastly dividing my entries up into multiple entries (If I am trading 10 contracts, I enter 2 per time for possible averaging if it reverses ever so slightly), then moving my exit closer to the market position to my original goal (number of ticks per contract average) so the exit is uniform and happens all at once. Lastly, do not enter right at the open (or other highly volatile periods) as no app can react to that much volatility (actually, the app can but you cannot).

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matthew28's Avatar
 matthew28 
United Kingdom
 
Experience: Beginner
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Trading: US Equity Index Futures
Posts: 1,250 since Sep 2013
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JohnTCHT View Post
As you should note though, it is missing two major groups: Energy and Pharma. Rounding out the coverage should be a help as these two do not necessarily follow the others and have a large influence.

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
 
 
Stillgreen's Avatar
 Stillgreen 
Oregon
 
Experience: Beginner
Platform: Sierra Chart
Trading: ES
Posts: 196 since May 2014
Thanks Given: 356
Thanks Received: 248


JohnTCHT View Post
Whether you are using Tick Strike or not --- LISTEN UP! They are updating the app with additional stock symbols. Within a week or so it will be greatly improved with added symbols of many of the top market capitalized stocks within the ES. It is a miracle app right now, but can you imagine how good it will be once the additional major stocks of the S&P 500 are added for better establishing strength and trends for the S&P 500 futures???

I am finding, after just a couple of months' use, that it is almost impossible for me to enter at the wrong time. I am trading the S&P 500, going for short wins (usually 2 to 4 ticks per entry depending on strength of indicator signal), going in multiple times as each new high strength activity is indicated, within the established trend, starts up again (making sure to stick with the established direction and never bucking the existing trend until a new direction is well established), and lastly dividing my entries up into multiple entries (If I am trading 10 contracts, I enter 2 per time for possible averaging if it reverses ever so slightly), then moving my exit closer to the market position to my original goal (number of ticks per contract average) so the exit is uniform and happens all at once. Lastly, do not enter right at the open (or other highly volatile periods) as no app can react to that much volatility (actually, the app can but you cannot).

Doing this, I am winning 96++ percent of my entries and managing to pull as much as ten percent on capital daily (well worth the investment in a lifetime license). With this on my side, I can also go in with shorter stop outs, risking far less per entry.

Can't imagine where I could be if this had been brought to my attention earlier!!!

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.

 
 
Stillgreen's Avatar
 Stillgreen 
Oregon
 
Experience: Beginner
Platform: Sierra Chart
Trading: ES
Posts: 196 since May 2014
Thanks Given: 356
Thanks Received: 248



JohnTCHT View Post
Hi there: I usually use a stop equal to 2.5 to 3 times the profit goal. If I see a reversal going gang busters (such as when Tick Strike shows a reversal), I opt out quickly. Each entry per contract is equal to about $21 and I try to get about 5% minimum per account. To be safe I trade with at least $4K per contract in the account. I typically do not trail as I stand by the trigger instead. If Tick Strike is still strongly indicating a continuation, I do not want the stop moving too close as the reversal then might only be about 3-4 ticks.

I find that now a days, long profit targets are suicidal. It used to be that the ES would often trend in under a minute after opening, but it never happens anymore. It is so bad right now that I am normally using just two ticks as the profit goal and doing very well. It is just a hell of a lot of entries. Best time I find to enter most days is after 2:00 Central time but there can be good trends around 9:00- 9:30 AM Central and other times during the day. I keep one eye (and ear) on Tick Strick most of the day. Ten 2-tick entries give me the 5% on $4K. Maybe I even go for 12 if the market merits it.

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.


 



Last Updated on May 21, 2023


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