While understanding how to correctly use TICK data takes practice and experience, there are some subtle ways TICK may be used as * a method * to identify day type. Range days are the ones that present challenge to trade,…

When buyers or sellers flex their muscle, this may be identified via the value area range extensions, in the form of initiative or responsive activity. Identifying these range extensions and how price behave next day with regards to the range…

When a Wide Range Bar (WRB) is present in the path of a price move, expect price to 1) pull back to the nearest support 2) Price  breaks above the WRB in high volume While managing and entering trades, always…

Watching how the Spreads open relative to the previous day will provide an idea about the overall strength of the market.  Here is an example from 10/29/2014. On Oct 29 S&P Spreads  Opened GAP down compared to Oct 28 2014.  …

High Probability IB breakouts form when there is convergence in correlated instruments AND / OR Internals make new high / low. Either one should exist for IB breakout to be high probability. Here is an example of IBB when Internals…

When Market is exhibiting buying or selling pressure, convergence in internals is a good indicator of the strength. When index makes a range extension, if TICKS and Spreads also make a range extension, there appears to be strength in the…

Wide Range Bars (WRB) with above average volume that leaves a GAP implies significant shift in supply and demand. GAP here refers to the previous candle and next one after WRB that doesn’t completely overlap the body of Wide Range…

NQ displayed divergence at open from YM and ES.  Internals displayed buying pressure (+600) and sell offs were shallow.  BUT NQ and NQ spreads (NDD) were showing divergence from rest of the instruments. Divergence in Instruments :  If there is…