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Now I see the monthly trend, thanks for the picture, Thomas. Seems that this month we got through November's vacuum and we will meet some resistance in case we try to move higher. Cheers, G.

Can you please post a monthly chart, just to make evidence of what you're discussing? Thanks, G.

Thanks for your reply, Thomas. Is the monthly profile the one in red on the right side of the screen?

Goodmorning Thomas, could you please explain what made you think that longer term want to get short? Thanks, G.

Hi Reaver, you got a PM. Cheers, G.

Thank you so much AMT ... I was beginning to think that reading and re-reading this thread hadn't taken me anywhere. I finally got the concept, thank you again!!

When I thought I finally got it, you arrive with this trade :D I do not understand: shouldn't we see lower CD at higher high in order to enter a short trade? Doesn't it mean that at higher levels short inventory was lighting a little - not that much at the end - i.e. some of the short...

Hi Chuck, that makes sense, thanks for your post! You're right: effectively a positive/negative delta di per se doesn't mean anything ... In the picture I posted there weren't any previous day in the area (it was after the gap down), if we don't count overnight trading. That's why I think...

Hi AMT, I use I/RT with IQfeed data.

Thanks Chuck! From what I understand so far: - if we break down from a balanced zone with a negative delta, we can expect the market to test it later (with a positive delta at least equivalent positive delta, if it wants to penetrate the resistance) - if we break down from a balanced...

Hi Chuck, that's exactly the point I did not understand (I probably expressed my doubts in an earlier post in this thread): how can we know how many contracts are being held from a certain zone if there is still plenty of time to liquidate these positions? :confused: :confused:

Hi Chuck, the way I do it now is: 1) I identify a zone of congestion intraday on new highs/new lows 2) I take the delta value at the beginning and I subtract the delta value at the end of the area identified. If it is positive, I have long held inventory, if negative I have short...

Hi AMT, sorry, but I don't get it: from 720 to 724, I see a long inventory of 2.000-2.500 contracts on March 2 and of 10.000-11.000 contracts on March 5. So, not a short held inventory ... I probably use a wrong method of calculation?!

Hi AMT4SWA, if I understood well how it works, we would encounter some resistance up at 695-702 bracket with a short holder net inventory of approximatively 14.000 ES contracts, right? Thanks for your lessons!

Hi AMT, that's the part I do not understand ... what makes you think that aggressive buyers do not take profit higher before price returns back down to the price at which they previously bought? I mean, many could liquidate positions on the way up ... Thank you for your interesting posts.

That was exactly the reason Steve told me why he wasn't daytrading the indexes: too many scalpers "working" the market. Thank you again for your opinion, rwk.

Hi rwk, thanks for your detailed comment. I was near to quit trading a few years ago, when a friend (thank you A.) in 2002 suggested me to take a look at Steidlmayer's work. I realized that it was not an easy way, considering also that MP is not a system di per se, but simply another...

Hi rwk, did you mean 2500 USD per year or 25000 USD per year ? When I was in contact with S. Hawkins I remember them leasing it for 10.000 USD per year (you had then to pay the datafeed) Do you think training in Chicago is necessary or would it be feasible to practice from home with...

Dear Mr Zalesky, I guess hedgers (commercials), in Liquidity Data Bank, are CTI2. What about speculators ? Are these the sum of CTI1, CTI3 and CTI4 or 1 of these 3 categories ? Thank you.

Hi Gnome, could you please expand on what you don't like of Market Profile and why ? Thanks.