powerchord -- thanks much. I'm still very much
experimenting with this. So far, combined with a strong PC
ratio in the direction of the reversal it seems to work way more
often than not............ I remember those days you speak
of, I was watching it butnot using it then, and it did hit both
sides repeatedly............
Michael: In the book "Stock Market Wizards" by Jack D.
Schwager, one of the wizards, Mark D. Cook describes how he
uses the tick to trade options with terrific results.
Essentially the same technique you are using. You may have already
read it. FWIW. Before becoming a trader, Mark Cook was at one
time one of the caretakers for Elsie The Cow. LOL
ravun -- to be honest I don't have an exit strategy yet related
to the TICk entry. Right now its just an entry for me, not a
complete setup. Then I'm watching support/resistance and
trendlines................... but for an entry based on the
TICK, I am inclined to exit EOD. That is, I'm considering it
a signal on an intraday timeframe.
If memory serves from the Schwart book it is merely an entry for
a quick trade only...it is not a system ..the opposite is
also true...above 1400? i think for a quick short trade...for
scalping only..hope that helps
brophy You're right. He usually doesn't hold for more than
3 days. Of course because he is trading options he gets
out before the volatility premiums contract. BTW I am talking
about Cook, not Marty Scwartz.
brophy -- Now I don't even remember what CArter says in his book
-- he has a specific setup called the tick fade. Have to read
it again! But it does seem like a scalp trade
signal..................still begs the question of an
exit............would be nice to qunaitify that.
When buzzy Schwart used it, he would wait for the signal long or
short and go in big time with 20-50-contracts of full S&P fut
contracts and then take a quick profits before it reversed...
I guess you have to develop a system for this yourself
Michael!
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powerchord -- thanks much. I'm
Posted by Michael on 13th of Jan 2009 at 02:16 pm
powerchord -- thanks much. I'm still very much experimenting with this. So far, combined with a strong PC ratio in the direction of the reversal it seems to work way more often than not............ I remember those days you speak of, I was watching it butnot using it then, and it did hit both sides repeatedly............
Tick
Posted by vmath on 13th of Jan 2009 at 02:40 pm
Michael: In the book "Stock Market Wizards" by Jack D. Schwager, one of the wizards, Mark D. Cook describes how he uses the tick to trade options with terrific results. Essentially the same technique you are using. You may have already read it. FWIW. Before becoming a trader, Mark Cook was at one time one of the caretakers for Elsie The Cow. LOL
vmath -- have the book
Posted by Michael on 13th of Jan 2009 at 02:42 pm
vmath -- have the book of course but haven't read it in years -- don't remember that, but will look at it this evening -- thanks..........
Michael
Posted by ravun on 13th of Jan 2009 at 02:45 pm
3rd time lucky.
Your exit strategy on that TICK system.
Surely not wait till it goes between the 1,000 markers.
If you use it to enter a reverse trade...then how do u exit?
Have m own unique systems, so just want to know more about this..as an add on
ravun -- to be honest
Posted by Michael on 13th of Jan 2009 at 02:52 pm
ravun -- to be honest I don't have an exit strategy yet related to the TICk entry. Right now its just an entry for me, not a complete setup. Then I'm watching support/resistance and trendlines................... but for an entry based on the TICK, I am inclined to exit EOD. That is, I'm considering it a signal on an intraday timeframe.
If memory serves from the
Posted by brophy on 13th of Jan 2009 at 02:56 pm
If memory serves from the Schwart book it is merely an entry for a quick trade only...it is not a system ..the opposite is also true...above 1400? i think for a quick short trade...for scalping only..hope that helps
brophy You're right. He usually
Posted by vmath on 13th of Jan 2009 at 03:06 pm
brophy You're right. He usually doesn't hold for more than 3 days. Of course because he is trading options he gets out before the volatility premiums contract. BTW I am talking about Cook, not Marty Scwartz.
brophy -- Now I don't
Posted by Michael on 13th of Jan 2009 at 03:00 pm
brophy -- Now I don't even remember what CArter says in his book -- he has a specific setup called the tick fade. Have to read it again! But it does seem like a scalp trade signal..................still begs the question of an exit............would be nice to qunaitify that.
When buzzy Schwart used it,
Posted by brophy on 13th of Jan 2009 at 03:04 pm
When buzzy Schwart used it, he would wait for the signal long or short and go in big time with 20-50-contracts of full S&P fut contracts and then take a quick profits before it reversed...
I guess you have to develop a system for this yourself Michael!