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

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masonhlsy

69 Posts.

25/01/19

13:17

Post #: 37224573
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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.

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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,
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