ES, trin and tick

Discussion in 'Strategy Development' started by trader225, Jun 22, 2007.

  1. I was watching ES, trin and tick today.
    It seemed that when there was a negative tick extreme there would be some buying, but then the buyers got slammed when the tick went positive, say over 250-750.

    Can anyone suggest any ES trading methods based on tick and trin? Is it different on a day when the trend is down instead of up?
     
  2. watching the trin is pretty much a waste of time..imho
     
  3. partial quote from trader225:
    "....an anyone suggest any ES trading methods based on tick and trin? Is it different on a day when the trend is down instead of up?"
    ________________________________

    Indeed there is a good set up recommended by McMillan, the best options teacher, on one of his classics Options Manuals. I do not remember of hand the complete book title. Kindle google it.
    For YM he has a good one too using the TIKI (on Dow Stocks). I read that over 20 years ago, but even today still works.
    YM was not traded 20 years ago but did work on the NYSE futures, the S$P and the over all market in general.
    Best!
    mF