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Nathan Bear Weekly Money Multiplier Reviews | How To Apply Tick Charts For Additional Edge

Each day, buyers and sellers go to battle.

If you get on the wrong side of the fight – you’re destined to lose money.

That’s why I make it a daily practice to study tick charts.

Not only does it show me where the buyers and sellers are…

But it also gives me a real-time picture of market health – an essential tool for day traders.

In fact, I applied it the other day for a quick scalp in the Russell.

I leveraged the Tick chart to time my entry and maximize my gains

However, to the naked eye, the tick chart can look like an abstract painting.

If you don’t know its nuances then you won’t be able to maximize its power.

That’s why I’ve outlined my best practices for implementing tick charts – which I’m going to share with you today.

Contents

  • 1 Tick Chart Basics
  • 2 Important Lines In The Chart
  • 3 Understand Context

Tick Chart Basics

Most people aren’t too familiar with this measure, so let me explain. The Tick chart tells me whether there is buying or selling at the New York Stock Exchange (NYSE).

There are approximately 2,800 stocks that trade on the NYSE. The Tick chart gives each stock an uptick, downtick, or nothing based on the last trade. When a stock trades higher than the previous order, it’s called an uptick. If the stock trades lower than the previous order, it’s called a downtick.

When you go to look up the Tick chart, you’ll generally find it under the symbol TICK. Depending on your platform, this may require a ‘/’ beforehand or a ‘$.’ You will need to discuss with your individual broker to determine the ones they use.

As I mentioned previously, the Tick chart measures upticks vs. downticks. When a stock trades at the same price as the last trade, it gets nothing. That’s why the chart rarely has a lot of extremes.

Now, for obvious reasons, the Tick chart is bound by the total number of stocks on the exchange. Combine that with normal stock flows, and you find that the Tick chart is mean-reverting. That means it always tends to come back to the center from extremes.

You can see what I mean in the chart below.

TICK Daily Chart

The highest the Tick chart ever got was 1667, and the lowest -1556. If you did an average, it would land somewhere near the middle. That’s why I use the chart to gauge market health on a relative basis.

Important Lines In The Chart

There are a few levels that I want you to take note of +/-600, +/-800, and +/-1000. These create the normal extreme levels for the Tick chart that you want to look at.

Now, here’s the trick to using them – you want to move in the opposite direction of the extremes. So, if the Tick chart hits -800, you want to go long equities. If it hits plus 800, you want to be short.

You’re probably thinking – why would I want to do the opposite?

Well, when you break it down to intraday time frames like the 5-minute through 15-minute charts, you’re looking to trade with the flows. So, when it hits extremes, it tends to move in the other direction. Ideally, you want to see it hit -800, reverse, and head higher. This corresponds typically with a bullish move in equities.

Here’s what it might look like intraday on a 5-minute chart.

TICK vs. SPY 5-Minute Chart

The TICK is the more transparent set of lines on the chart. First, you’ll notice the rectangle outline that shows the SPY candle making a massive dip. At the same time, the Tick chart dipped all the way down to -1,000. That’s a signal that it’s at least reversing for a quick scalp.

Next, you see how the Tick chart started hitting the -1,000 level again as the SPY began to bottom. When the Tick chart rallied, it went all the way back up to +600, which was coincidentally the top in this move.

You can test this out yourself. It’s really fascinating to see how it plays out time and again.

Understand Context

The Tick chart itself won’t make you a better trader. It must be used in conjunction with your typical strategy. All it does is improve your accuracy of entry timing. If you try to use it without your bread-and-butter setup, you’ll quickly drain your account.

Most importantly, you need a strategy that works with intraday trading. The Tick chart won’t do much for you for swing trades. It mainly works for short-term timeframes intraday… generally between 5-15 minutes. Once you go out further, it tells you something entirely different.

It took me several years to discover how to create my TPS strategy and incorporate these measures. You can learn all about it in my upcoming free webinar. I explain how I spent 8 years learning to trade, finally turning my $38,000 account into over $2,000,000 in the last two years.

Click here to register.

Source: Weeklymoneymultiplier.com | Original Link

Author John GladstonPosted on January 16, 2020Categories Nathan BearTags charts, Dow Jones, ETFs, GS, Jeff Bishop Options Trading, Jeff Bishop Review, Jeff Bishop Weekly Money Multiplier, Jeff Bishop Weekly Money Multiplier Review, Jeff Bishop's Option Profit Nexus, Jeff Bishop's Option Profit Nexus Review, Jeff Bishop's Option Profit Nexus Reviews, Jeff Bishop's Option Profit Nexus Scam, Jeff Bishop's Options Guide to Riches Ebook, learn to trade options, markets, NASDAQ, Nathan Bear form Weekly Money Multiplier, Nathan Bear form Weekly Money Multiplier Picks, Nathan Bear form Weekly Money Multiplier Review, Nathan Bear form Weekly Money Multiplier Reviews, Nathan Bear form Weekly Money Multiplier Scam, Nathan Bear Weekly Money Multiplier, Nathan Bear Weekly Money Multiplier Complaints, Nathan Bear Weekly Money Multiplier Fraud, Nathan Bear Weekly Money Multiplier Price, Nathan Bear Weekly Money Multiplier Refund, Nathan Bear Weekly Money Multiplier Review, Nathan Bear Weekly Money Multiplier Reviews, Nathan Bear Weekly Money Multiplier Scam, Option Profit Nexus, Option Profit Nexus Login, Option Profit Nexus Results, Option Profit Nexus Review, Option Profit Nexus Reviews, Option Profit Nexus Scam, Option Profit Nexus Website, Option Rocket, Option Rocket Complaints, Option Rocket Fraud, Option Rocket Kyle Dennis, Option Rocket Login, Option Rocket Price, Option Rocket Real User Review, Option Rocket Refund, Option Rocket Review, Option Rocket Reviews, Option Rocket Scam, Option Rocket StockGumshoe, Option Rocket Trial, Option Rocket Website, option trading, option trading strategy, options, Options Guide to Riches, Options Guide to Riches Free, Options Rocket Kyle Dennis, Options Rocket login, Options Rocket Review, Options Rocket Reviews, Options Rocket Scam, Options Rocket User experience, Options Rocket user review, Options Rocket webinar, Options Rocket website, options trading, options trading newsletter, options trading strategies, options trading tips, options trading webinar, Options Vortex, Options Vortex Complaints, Options Vortex Fraud, Options Vortex Login, Options Vortex Performance, Options Vortex Program, Options Vortex Refund, Options Vortex Results, Options Vortex Review, Options Vortex Reviews, Options Vortex Scam, Options Vortex StockGumshoe, Options Vortex Website, Options War Room, Options War Room Price, Options War Room Review, Options War Room Reviews, Options War Room Scam, Options War Room Schedule, Options War RoomRefund, RagingBull Options Vortex, RagingBull Options Vortex Review, RagingBull Options Vortex Reviews, RagingBull Options Vortex Scam, Russell, S&P, SPX, SPY, squeeze, strategies, trading, understanding options trading, VIX, Weekly Money Multiplier, Weekly Money Multiplier Alert, Weekly Money Multiplier Complaints, Weekly Money Multiplier Discount, Weekly Money Multiplier Fraud, Weekly Money Multiplier login, Weekly Money Multiplier Real User Review, Weekly Money Multiplier Refund, Weekly Money Multiplier Review, Weekly Money Multiplier Reviews, Weekly Money Multiplier Scam, Weekly Money Multiplier Stockgumshoe, Weekly Money Multiplier Strategy, Weekly Money Multiplier Strategy Review, Weekly Money Multiplier Strategy Reviews, Weekly Money Multiplier Strategy Scam, Weekly Money Multiplier User Experience, Weekly Money Multiplier Website, WMM, WMM Alert

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