Check it out. The below is a 15m $TICK (NYSE) chart in TradeStation (although the period of the chart is actually irrelevant). Go see what happened on the S&P at the same time.Like clockwork. You don’t even need a price chart in front of you. The moment those ticks hit +1 000 you go short. Like taking candy from a baby.
And the new TradeStation has a thing called “Pointer Tracking” so you can open multiple charts and as you move your pointer or crosshair on one chart it aligns your pointer or crosshair to the same or corresponding bars on all of the other charts. So it makes the above a cinch.
Alright on this particular chart: those extremes were the opening gaps for the last two days. But here’s where the secret comes in. Some people will short opening gaps up (for example) the moment they occur. Problem is that without this data: you don’t know when the buying pressure has been exhausted so you could easily short into the opening gap up but that’s still got a way to go up. This eliminates the guesswork totally. Probably as close as you’re going to come to shorting at a top or going long at a bottom.
This happens intraday too of course so you’ve gotta be on your toes.
There’s other trades of course based on these charts. But this the simplest.
Plenty of videos on YouTube about this e.g. “trading $tick” (that type of thing).
TradeStation NYSE $TICK 15m:
And now that I have the Rolls: I think it’s time for me to start programming this TBPS thing of Wilder’s. Interesting to note that the trades that I closed out early yesterday would actually have hit their full targets this morning within minutes. And sadly that would have been pretty serious money. And I’ve spent a lot of time following some of these trades through and I tell you: it may very well be the next best thing since sliced bread. That and my combo. of the TPS and Pivots and RSI.