Australia's largest stock trading and investment forum Australia's #1 stock forum

Hey Rick, So is tick speed the same as tick volumes? Otherwise...

First 177 Last

Share
Profile

Follow
masonhlsy

69 Posts.

25/01/19

13:17

Post #: 37224573
Share

Originally posted by RickM ↑

Hi Guys

I have started trading manually hard again this week trading a couple of my strategy's I have talked about since 2017.
But my focus is on the One Minute chart where I have been trading a new concept for about 6 weeks ( minus xmas break ).
I am trading the speed of the Tick Movement because I now believe the Tick Speed is the urgency of the market to move quickly to close orders.
Here is my Chart setup where I am attempting to trade on the increase of speed at the point of a candle breakout or a Reversal.

On the EURAUD chart, you can see I am looking for these extreme speed changes which is normally about 3 - 8 times the average static Tick speed. I have established a regular daily pip win between 50 - 80 pips per London session so lets see if this strategy works in the long term.
Just to give you a idea how it works, I was looking for a Short entry in the Beast about 30 minute ago and noticed a -8 speed direction change on the meter.
I took the short.
The trade lasted 40 seconds for 18 pips and I exited when the speed stalled from a top speed of +22 down to a stall speed of +2.

Expand

Hey Rick,

So is tick speed the same as tick volumes? Otherwise how is the tick speed calculated?

I really like the concept of your strategy, M1 is too fast for me though.

Thanks for sharing,
Upvote

Reply

Top Stories

AXP

Tambourah chases gold veins and mineralisation extension with drilling

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

There are more pages in this discussion • 291 more messages in this thread...

First 177 Last

SPONSORED BY