Hubert Senters here.
Let’s take a look at Ticks. This week’s theme is I am on vacation. It is how to trade indexes with a bunch of different techniques so.
Yesterday, we’ve learned about gaps on how to trade them using the statistics and the stats and the percentages and the stuff to play the right direction.
One of the intra-day tools that I like a lot and I’m recording this Monday morning before I take off. But as you can see we’ve got this gap up situation on the Dow. We know we’re probably going to go higher because we’re in an uptrend.
And then if you look at the ticks I like to use this as a RPM gauge so the ticks opened up relatively high up here close to $800 almost a thousand so I have three lines on my tick chart.
And this is like cash sign TICK. That’s the zero line, the plus $1,000 and the minus $1,000. You could put more or less and then as you can see here it went from plus $800 pulled all the way back down to the zero line and then ramp back up.
And as you can see here Dow traded sideways and as it ramp back up the ticks, the RPM gauge or the market was saying hey, I want to go higher and the Dow went higher so now I’m going to pick the pause of the drawling and as you can see as it’s going higher.
Now, one thing you can do here is you can do tick hooks. I’ll describe that in a video next here. But what you want to do when you’re looking at this stuff is you want to look at where we opening or are we going to come back and you want to establish your range on the ticks so let’s cover that in the next video.
Mark Helweg is going to be doing a webinar Tuesday, August 4th at 8PM EST on ”Finding Explosive Trades with the SVS Strategy..How To Find Trades Like a Sniper!” Scanning the markets for buy and sell. Verifying signals with Power Setups. All designed to put the odds in your favor. I’m going to HYPERLINK you to this registration page.
Good luck. Hope it helps. See you on the next video.
Hubert.
