StockFetcher Forums · General Discussion · Help me understand please.<< >>Post Follow-up
glm47
51 posts
msg #44981
Ignore glm47
modified
6/15/2006 12:11:00 AM

The following is a quote taken from page 21 of The Logical Trader.

"The value for natural gas futures is 15 ticks"

This author has repeatedly mentioned ticks in such a way I have never heard of. I thought ticks were the price adjustments that flash by a ticker tape etc. How does one apply a value to a tick in this context please?

Here's another from page 23:

"The Point C value for this market is 85 ticks below the lower end of the opening range" This makes it sound like ticks are a static numbers and not variable numbers...



nikoschopen
2,824 posts
msg #45003
Ignore nikoschopen
6/15/2006 12:35:56 PM

On page 14, Fisher describes how those numbers are derived based on his magic potion (AKA proprietary research).


glm47
51 posts
msg #45015
Ignore glm47
6/15/2006 11:24:17 PM

Thanks for the reply.

I cannot understand how this book can be of value (I had seen it recommended on multiple sites) if one cannot derive the necessary values to make this work the way the author claims it will...

I will read on but doubt I will make it to the end. It gets old fast when you cannot put the teachings in a context you understand...


nikoschopen
2,824 posts
msg #45024
Ignore nikoschopen
6/16/2006 1:05:50 PM

glm47,

My suggestion is that you should pay attention to the broader strategy Fisher devises and conveys through the interplay of ACD and pivot ranges than to rack ure brain with such detail as how the tick is calculated.


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