matey
very generally - yes
however I believe u r still a tiny bit confused about this latest addition to our system
it is still my strong belief that the absolute value of tick is largely meaningless. Let me give u an absurd example. say u've got Tick of +300. It can be 100 major cap stocks ticking down with 400 small beer stocks ticking up, or 400 larger cap stocks charging up on the tick with 100 smallest beer
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ones declining. Quite different set-ups with the same absolute value of Tick innit?
All my latest addition to the system is about - is that if u get a "proper" tick neg div sequence - BUT over the entire time of this sequence Tick never tanks below 0 (there r always more advancers than decliners) u need to tighten yr stoploss on yr Short from my usual 3.25 pts to 1.5 pts as the chances of that being just a "bull flag" and mrkt inflecting to the upside hugely increase. And it is perhaps just part of a larger tick neg div sequence in the making. THIS NEW ADDITION TO OUR SYS IS JUST FINE TUNING OF STOPLOSS MANAGEMENT!
However, I'd agree with u that on extreme readings of Tick (>1100) it is a reasonable scalp for 1.5 pts to reverse. I'd strongly advise hvng a tight stoploss on it, which of coz u can move in yr direction if it is more than just a scalp.
Matey - let me tell u something on a bigger pic. Why stoploss management is so important to me. I am fully convinced that successful trading is not about how much u make but about how much of that u keep - which in its essence is how much u lose
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Hv u ever read the book called "Three Comrades" by Erich-Maria Remarck? There was a chap in that book who had bn a successful trader up until 1929, when he got washed out buying on extreme oversld readings? I bet he was fading Tick below -1200!
cheers
Martin