NexusFi: Find Your Edge


Home Menu

 





S&P , ES , Moves in 4 ticks ??


Discussion in Platforms and Indicators

Updated
      Top Posters
    1. looks_one Mrhamster with 3 posts (0 thanks)
    2. looks_two fwddetent with 1 posts (1 thanks)
    3. looks_3 syswizard with 1 posts (0 thanks)
    4. looks_4 glennts with 1 posts (3 thanks)
      Best Posters
    1. looks_one glennts with 3 thanks per post
    2. looks_two blackgrey45 with 2 thanks per post
    3. looks_3 bobwest with 1 thanks per post
    4. looks_4 fwddetent with 1 thanks per post
    1. trending_up 5,131 views
    2. thumb_up 7 thanks given
    3. group 5 followers
    1. forum 7 posts
    2. attach_file 0 attachments




 
Search this Thread
  #1 (permalink)
Mrhamster
San Francisco , CA
 
Posts: 23 since Aug 2022
Thanks Given: 21
Thanks Received: 11

Scalping ES , would you say the market moves in 3 , 4 or 5 ticks on average ?

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
What a Cool Draw/Markup Tool!
Traders Hideout
Futures Trading-New traders looking for solid PA trading …
Trading Reviews and Vendors
Need help updating setting in RSqueeze indicator for Nin …
Platforms and Indicators
Top Pick Trading reviews?
Trading Reviews and Vendors
IB Gateway / IBKR (semi-) daily restart / login
Platforms and Indicators
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Tao te Trade: way of the WLD
15 thanks
What is Your Experience With Migration To New NT Client …
12 thanks
The Program
9 thanks
Any journaling software that accommodates multiple curre …
2 thanks
Learning to Trade with the Big Money
1 thanks
  #2 (permalink)
 fwddetent 
West New York, NJ
 
Experience: None
Posts: 10 since Jul 2011
Thanks Given: 5
Thanks Received: 8


Mrhamster View Post
Scalping ES , would you say the market moves in 3 , 4 or 5 ticks on average ?


No, find another way!

Reply With Quote
Thanked by:
  #3 (permalink)
 
blackgrey45's Avatar
 blackgrey45 
Maryland, US
Legendary Market Wizard
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP Global
Trading: MES
Frequency: Several times daily
Duration: Minutes
Posts: 845 since Jul 2022
Thanks Given: 905
Thanks Received: 952


I watch the ES everyday, it moves 12-16 ticks at times.

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #4 (permalink)
Mrhamster
San Francisco , CA
 
Posts: 23 since Aug 2022
Thanks Given: 21
Thanks Received: 11


blackgrey45 View Post
I watch the ES everyday, it moves 12-16 ticks at times.


At times it does move 12-16 ,

most the time though it seems to move in 3-5 tick bursts .

Reply With Quote
  #5 (permalink)
 
glennts's Avatar
 glennts 
Corpus Christi, TX / Westcliffe, CO
 
Experience: Advanced
Platform: NinjaTrader
Broker: DDT / Rithmic / Kinetick / IQ
Trading: 6E, ES
Posts: 420 since Oct 2010
Thanks Given: 24
Thanks Received: 1,022


Mrhamster View Post
At times it does move 12-16 ,

most the time though it seems to move in 3-5 tick bursts .

You seem to have already settled on your own conclusion so what is the point of asking the question to then only push back against the answers you get?

If you want to be correct and accurate you need to consider that the ES will always move in 1 tick increments and those bursts you are seeing are probably do to data feed issues like aggregation and/or latency.

As @fwddetent warned, if you try to trade inside your 3-5 tick bursts you will die a painful death.

The average ES swing during regular hours is > $1,000 or 80 Ticks. Why not put your efforts into figuring out how to capture most of those 80 ticks in 2 or 3 trades?

"If you don't want random outcomes, don't make random decisions."
Reply With Quote
Thanked by:
  #6 (permalink)
Mrhamster
San Francisco , CA
 
Posts: 23 since Aug 2022
Thanks Given: 21
Thanks Received: 11


glennts View Post
You seem to have already settled on your own conclusion so what is the point of asking the question to then only push back against the answers you get?

If you want to be correct and accurate you need to consider that the ES will always move in 1 tick increments and those bursts you are seeing are probably do to data feed issues like aggregation and/or latency.

As @fwddetent warned, if you try to trade inside your 3-5 tick bursts you will die a painful death.

The average ES swing during regular hours is > $1,000 or 80 Ticks. Why not put your efforts into figuring out how to capture most of those 80 ticks in 2 or 3 trades?

die a painful death..........haha , yes that sounds about right .

Reply With Quote
  #7 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
Site Moderator
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
Frequency: Several times daily
Duration: Minutes
Posts: 8,174 since Jan 2013
Thanks Given: 57,981
Thanks Received: 26,386

Why not look at a chart?

In different timeframes, ES moves in different amounts. Asking other people what it does seems odd, when you can look for yourself.

If you think you can exploit 4 tick twitches in price, by the way, you must think you're awfully fast and awfully good. Also, there is the question of why you would bother -- they are so tiny compared to the larger moves the market makes all the time. After commissions, after slippage, after trader mistakes, after trader fatigue and psychological frazzlement from trying to catch microscopic moves that instantly reverse, or that never materialize in the first place, most traders will find this a losing proposition.

Unless you are superbly good, highly experienced at this kind of very short-term scalping, have years of success at it, have some very strong advantage that others do not, and in short have successfully mastered a nearly impossible trading niche, that is.... But then, if you had all that, you wouldn't be asking this question.

I don't mean to discourage you, but I do mean to tell you that that shooting for 4 ticks is a hard, hard, and generally unforgiving task.

Try something else, would be good advice. Going that short-term may work, but the odds are not in your favor.

So start by looking at a chart and seeing what it does, and what looks exploitable to you. Then, of course, find out how to exploit it. That's the hard part....

Good luck. And forget 3 or 4 ticks.

Bob.

----------------------------

Edit: Actually, it is possible to make money scalping short-term moves. But the shorter and smaller the move, the harder it gets. So, it may be right for you, but you should know that it seldom is, that's all.

When one door closes, another opens.
-- Cervantes, Don Quixote
Reply With Quote
Thanked by:
  #8 (permalink)
 
syswizard's Avatar
 syswizard 
Philadelphia PA
 
Experience: Advanced
Platform: Multicharts
Broker: Ironbeam, Rithmic
Trading: Emini ES / NQ / CL / RTY / YM / BTC
Posts: 344 since Jan 2019
Thanks Given: 20
Thanks Received: 146


glennts View Post
The average ES swing during regular hours is > $1,000 or 80 Ticks. Why not put your efforts into figuring out how to capture most of those 80 ticks in 2 or 3 trades?

Agreed. However, the big problem is: How many swings per day does it take to get those 80 ticks ?
It's easy if there are less than 10 major swings per day.
But when the market is choppy, there could be 20, 30 swings per day.....which would kill trend-following systems.
Ya gotta know when to go with the momentum and when to fade it.

Reply With Quote




Last Updated on September 3, 2022


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Sitemap - Downloads - Top
no new posts