TRADING TIPS

How to Trade TICK Ranges

Hubert Senters here. Let’s take a look at how to setup tick range so the range on the ticks are going to be different every single day and you just have to be ok with that just because how this tactic works. I’m looking at the tick cash sign, TICK. Yours may be different from mine. I’m using Trade Station in this example. What I’m going to do is I’m going to look at where the range of the market opens up at. I can see I’ve got a gap up situation I know how to deal with that. I’ve got about $800 to $900 tick reading that pulls back to the support area at the zero line. And then what I like to do is I will drawl on Trade Station. I’ll drawl myself some support and resistance for the day so I would say that this is probably the decent support and this is probably going to act like some decent resistance in that area. Now, it’s not going to be pinpoint accurate because that’s not how you use this tactic or strategy. But overall this is resistance. This is support resistance and then there’s going to be support back down here. And so in this theory what we would do and you have to see this play out. As this is pulling back I would then start looking for buy opportunities even at this high when the Dow is up here like up $230 points for the day. See how that’s hooking up so what I want to know is I want to know where is my range for my RPM. Is this my high range for the day? Is this my low range for the day? And usually throughout the day I have two sets. I have an extreme set the outer set and the inner set. It’s still early like it’s only 10:15 in the morning while I’m doing this. So if we had an inner set that would be the outer set. If I had an inner set let’s say that the inner set would be back here like there and then here. I’m just drawling so you’d have two different boxes outer fence and inner fence but now we only have basically the outer fence because it hasn’t expanded too much. That’s how you put a tick range in and you play off of those ranges and it will get expanded or contracted throughout the day. And it is your job to recognize that. Plot your points on it so you can actually trade effectively around those ranges and pay attention to those ranges. They will be tested and you can usually make some good trading decisions off of those ranges. Mark Helweg is doing a webinar Tuesday, August 4th. Now, if you’re getting this video I think this video is for Wednesday. This page I bet he’s doing another video or another webinar this week. I will HYPERLINK you to this page. The time and the date will update or he’s done doing this webinar series. Good luck. Hope it helps. And I’ll HYPERLINK you to this registration page depending on if it’s expired or if they update it. Hubert.

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