Newsgroup: it.economia.borsa
Titolo: $TICK ??

Chi mi spiega questo indice ?
Ho capito che indica la differenza tra le "issues up"
e le "issues down" al NYSE, ma come si interpreta
il dato ? Un valore di 300 cosa indica ? Forse che
in quel momento ci sono 300 titoli col segno piu' su....  ???
--
Stardust®

 Chi mi spiega questo indice ?
Ti allego degli appunti sul Tick presi da una chat USA alla quale sono stato
iscritto.
Per correttezza, la fonte e' 
www.mtrader.com/ta
Aggiungo che, come saprai, anche operando sul NAZ si utilizza comunque
$tick-N, cioe' il dato relativo al NYSE. Da non sottovalutare l'impiego come
"contrarian indicator".
Ciao,
Gordon
*** QUOTE ***
In trading, it is tough enough to find a reliable set up that consistently
rewards you with profits while allowing you to escape losses with sanity and
account still intact. When we do come across these set ups and begin to
familiarize ourselves with them what we then need to look for are the subtle
nuances of the trade that separate the successful entries from those entries
that always seem to be mistimed somehow. Timing can be the key to these
entries as the price difference between entries only minutes, even seconds
apart can be essential in determining the outcome of the trade. One
indicator that I use quite frequently in determining the timing of an entry
once the set up has triggered is the TICK. Although I mostly trade Nasdaq
stocks I use the NYSE TICK as I feel it is a better overall tool as the NYSE
is a more orderly and controlled market in my opinion. The following will
discuss what the TICK is, how I use it for timing purposes for entries and
exits, levels of TICK readings, and to what extent I use the TICK in my
personal trading. Please understand that these thoughts and findings have
worked for my personal trading and are to be researched and understood by
each trader before utilizing methods discussed here.
What is the TICK
This is the difference between the number of NYSE issues showing upticks on
the last trade and the number of NYSE issues showing downticks on the last
trade. A TICK of +100 displays that 100 more NYSE stocks last traded on
upticks than those traded on downticks and is found on many quote lists as
$TICK.
NYSE tick ($TICK) measures stocks trading on an uptick versus stocks trading
on a downtick.  Upticks - Downticks = NYSE tick
When the TICK reads in positive territory ( +100 ) it shows there is more
buying than selling in the market at that time, and vice versa for negative
TICK readings ( -100 ). What gets tricky is the belief that at extreme
levels this indicator can be used in a contrarian fashion, meaning that an
extreme TICK reading +/-800 actually means an opposite reaction may be
coming soon. A negative -1000 reading for example could mean buying is near
as selling becomes extreme.
Levels Of The TICK
In almost 95% of trading days the TICK will fall between -1000 and +1000
only in rare case of extremes getting readings of above a 1000 level either
negative or positive. What I tend to look for throughout the day is the high
and low tick readings for the day enabling me to see the extent of the
pressure in any one direction. Usually TICK readings will fall into one of
these categories.
Neutral = 0-300 either positive or negative and this will tell me that the
TICK reading at time of entry will only have a very small to almost no
effect on the trade.
Heavy = 301-600 this tells me for the most part that I am entering a trade
when the price of the stocks is more than likely being effected by overall
market sentiment and perhaps waiting a minute or 2 might offer a better
entry as I generally like to take set ups when the TICK reading is in
neutral territory as I like to see the Micro Momentum of the stock force the
set up as opposed to the overall movement of the market.
Extreme = 601-1000+ tick readings in this range are generally thought of as
contra indicators as I will generally use extreme positive tick reading to
exit long positions and extreme negative tick readings to exit short
positions. TICK reading in this range will often lead to strong moves in the
direction away from the tick ( a high -800 tick for example may bring in
buying and tells me it is time to lighten up on short positions )
Entries and Exits
Once a stock triggers a price where I feel the next move is easily predicted
( sets up ) the next trick is to figure out the entry. There are many
factors that play into this decision but here we will be discussing the
TICK. Throughout the day I watch the TICK noting the high and low readings
so when a set up comes along that I want to take I can quickly view the TICK
to see if the timing is optimum for my entry. If I am entering a long
position I will generally look at the TICK reading and if it is neutral when
the trigger was hit or at least in a neutral part of the days range I can
enter, if it is heavy I will often wait for a pullback to enter, and if
extreme I will wait for a more neutral reading to figure out entry price and
time. As far as exits, I will generally only use the TICK for exits if it is
in a heavy or extreme position as I like to exit shorts into heavy or
extreme negative ticks when possible. The most important reasons for exiting
any position is the target or stop being reached or support/resistance
concerns. The tick just adds a little information to any decision and should
rarely be used alone to figure entry or exit of any position.
The TICK Reading Itself As A Set Up
Occasionally when I see a TICK reading in extreme territory I will use it as
a reason ( set up ) to enter a position. For example if an index is near
support and a stock has exhibited strength throughout the day and I see a
TICK reading of -1000 I will often just enter the stock long looking for an
overall bounce in the market to lift the stock a point or so. This I have
found to be a very reliable way to enter trades although they look extremely
risky at the time ( and are risky as you are fighting a very strong trend
forcing the tick down in the first place ). When doing this you must have a
good idea of the support and resistance of the stock and the market to be
able to identify a valid stop loss area and possible target for the bounce
to lift the stock to.
The TICK can be a valuable tool when used properly and is something that
every trader should at least understand and look at from time to time to
gauge the overall pressure of the market in any one direction. Also for me
personally I use will use the tick as a reason to not exit a trade for
example when a stop is hit during the time of a heavy or extreme tick
reading and will in fact attempt to extend the stop a bit ( different for
every stock and trade ) to allow for a more orderly and controlled
environment to exist when I exit a loss. ( Almost never a good idea to exit
a loss into a panic type situation but that is a decision left to the
overall trading plan and pain threshold of each individual trader )

 "contrarian indicator".
Molto interessante, grazie 1000 :-)
Ora chiedo a mtms se mi ci fa uno "SFORZO 2".
--
StardustŽ

 nasdaq ;)
Magari fosse vero !!
Ti riferisci all'uscita da AISW ? :-))
Avevo l'ordine preimpostato a 9,50. Poi ho visto candeloni neri sul
NDQ e mi sono impressionato. Pero' non appena ho venduto a 9,29
il Nasdaq e' schizzato su addirittura in positivo (infatti avrei potuto
vendere a 9,40). Quindi proprio il massimo non l'ho beccato.
Come e' finita dopo, purtroppo, si sa ;-((
--
Stardust®