tag:blogger.com,1999:blog-709390629316238746.post3898169209365232581..comments2023-04-16T05:11:52.660-04:00Comments on Don Miller Trading Journal: Friday Notes - The End is in SightDon Millerhttp://www.blogger.com/profile/13263493919935087931noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-709390629316238746.post-73938424774696034642008-11-07T22:27:00.000-05:002008-11-07T22:27:00.000-05:00Ronin -I guess it depends on what the market is do...Ronin -<BR/><BR/>I guess it depends on what the market is doing. <BR/><BR/>First, it's a general baromoter for strength .. i.e. if the TICK is spending most of its time above zero (rare these days) and intraday trends are up, pullbacks in the TICk toward zero or slightly negative often accompany price drops to trend supports so I'll consider going long or covering shorts. And vice versa if the TICK is spending most of its time below zero.<BR/><BR/>Extreme readings (+/- 1000 or more) can certainly help guide entries or exits as well, although given my style which is to look for the high % wholesale trade, it's usually more for contra-trend entries (under the right circumstances based on other indicators) as it's doubtful I'd still be holding "with the trend" trades by that time as I'd likely be long gone.<BR/><BR/>As with anything, it's only one indicator and the others (price trend, VIX, etc.) are equally important, so it's the complete story which is key.<BR/><BR/>DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-32497275164603352242008-11-07T19:28:00.000-05:002008-11-07T19:28:00.000-05:00Godspeed my friendGodspeed my friendAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-63144624930694133032008-11-07T18:26:00.000-05:002008-11-07T18:26:00.000-05:00Don:I am 36 going on 60.... it feels that way som...Don:<BR/><BR/>I am 36 going on 60.... it feels that way sometimes. A question regarding the use of the NYSE TICK, please. Do you use the extreme readings to help with optimal entries after you determined your entry... i.e you want to get long and wait for the TICk to find you an optimal area to junp in? Also do you use the extremes to exit?<BR/><BR/>Thanks.<BR/><BR/><BR/>RONINAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-58223353006967718922008-11-07T16:11:00.000-05:002008-11-07T16:11:00.000-05:00Chuck -My reference is to this past Olympic where ...Chuck -<BR/><BR/>My reference is to this past Olympic where the U.S. passed the French relay team in the final seconds. <BR/><BR/>I've used that throughout the blog as a reference for never-say-die come-from-behind mentality.<BR/><BR/>47 isn't old ... but in an industry full of 20 and 30 somethings with more speed and agility, trading is a tough battlefield.<BR/><BR/>I'll go for experience :-)<BR/><BR/>DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-6296137923818409952008-11-07T16:02:00.000-05:002008-11-07T16:02:00.000-05:00What race? And who's the French guy? You make 47...What race? And who's the French guy? You make 47 years old seem like over-the-hill. I hope not. I'm 53 and trying hard to live up to my motto "Don't get older, get better". From what I read you are certainly getting better. I'd better not see you standing in line at 4;30 for the early bird dinner at MCL.YM-Traderhttps://www.blogger.com/profile/16760248132339283482noreply@blogger.com