Christopher Terry combines TICK with Support and Resistance analysis and Retracement levels to reveal the internal strength or weakness of the market and highlight intraday turning points. His system, confirmed with other tools, uses the TICK readings to identify intraday turning points, giving some examples of how he uses the TICK with price patterns and Fibonacci retracement levels. Mr. Terry advises that, "A simple trading approach is to place trades when the TICK signals an overbought or oversold market as price is testing the support or resistance levels of a trading range." TICK divergence setups are probably the most popular use of the TICK indicator. These signals often accompany market reversals or corrections. Mr. Terry also notes that, "In addition to its usefulness in trading ranges, the TICK can also set up trades in trending markets" ... download the eBook to read more
Members' reviews (0)
We welcome readers reviews. Please stay on topic and be respecful of other readers. Review our comments policy.
You must be logged in to post a review. Please login or sign up for a free membership account.
No comments have been posted for this eBook yet. Be the first to post one!