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What is your experience with TickStrike? (sound of the market)

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  #21 (permalink)
Stillgreen's Avatar
Experience: Beginner
Platform: Sierra Chart
Trading: ES
Posts: 196 since May 2014
Thanks Given: 356
Thanks Received: 248

@JohnTCHT , How do you trade on days like today ? Do you widen your targets and stop losses ?
Take less trades, or more ?

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  #22 (permalink)
Stillgreen's Avatar
Experience: Beginner
Platform: Sierra Chart
Trading: ES
Posts: 196 since May 2014
Thanks Given: 356
Thanks Received: 248


Hi again,
Over the past couple of weeks I have been trying my hand (in Sim mode) at scalping the ES using Tickstrike as a trigger.
I find it very difficult to get any consistent profits.
It seems to me that it requires such quick reactions and precision that I do not possess.
What I have noticed is the the price movement on the DOM is far more jittery than it used to be when I last tried scalping a few years ago.
Frequently the price can jump 4 or 6 ticks in a second or 2, in both directions.
It may be that I have just chosen a particularly volatile period and it may not be the norm, but it does seem a very precarious exercise to try and capture just 2 ticks in this environment.

If possible could you post a screenshot of your Tickstrike set-up for the ES : which correlated markets do you view ?
Do you want to see all your chosen meters show a high reading simultaneously ?
Is there a certain number on the ES meter that you want to see before pulling the trigger ?
What is you average time in a trade ?
Thanks in advance.
I will continue to try this system-- maybe if price movement settles down I can achieve some success with practice.

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  #23 (permalink)
Stillgreen's Avatar
Experience: Beginner
Platform: Sierra Chart
Trading: ES
Posts: 196 since May 2014
Thanks Given: 356
Thanks Received: 248

Hi @JohnTCHT,
Thank you for posting your strategy.
The 10 tick profit target seems like a good idea when the ES is moving so much these days.
I don't quite understand your trailing stop settings :
Price goes your way 6 ticks, then move S/L to BE -- then keep trailing ?
Where does the 4 tick setting come in ?

Have you taken this trade enough times to come up with a win/loss ratio ?
You were taking around 10 trades per day with your other scalping strategy : how many per day with this one ?
Upon entry what number is usually registering on the ES meter ?

I look forward to hearing how this goes for you.

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  #24 (permalink)
Toronto, Canada
Posts: 361 since May 2018
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JohnTCHT View Post
Believe it or not, if Tick Strick gets ne the10 ticks most times. One other feature I have found is that with Edge Pro, the 4 will move with forward motion so that many times it goes to 7 or 8 ticks before it backs up. Seldom do I get 4 ticks of profit. If it goes south on you, you can always jump out as well before it hits 12 ticks.

(Sorry to put my thoughts in between you and the other trader here.)

We know ES moves slower than the NQ. So, if you are trying to scalp 10 ticks in ES, at the same time, NQ can net you 5-8 points (even more) as they usually move together in the same direction.

That's why, I scalp NQ using volume delta using numbers of ES, as the higher numbers on ES do tend to work nicely on the NQ as well.

My main point is, because ES can move slowly to reach your target (and might even get exhausted before reaching there), NQ being fast enough, it is easier for us as traders to scalp in and out quickly in the NQ instead of ES.

Just my thoughts. Thanks.

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  #25 (permalink)
Posts: 17 since Nov 2011
Thanks Given: 13
Thanks Received: 4

Hi all,
Anyone use TickStrike?
For TickStrike users, I have few questions for you:
1. What instrument do you trade?
2. What TickStrike instruments do you monitor?
3. What TickStrike level do you use?
4. Do you purely use the entry/exit criteria from TickStrike? If so, what's your criteria? If not, what other tool/indicator you use to combine with TickStrike?
5. What is the trading hour you use for TickStrike?
Thank you.

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Last Updated on May 21, 2023

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