The VIX is not confirming any panic selling, using this opportunity to sell a put or two, overall my book is still delta neg...we need a much bigger drop to instill fear into this market.
nice trading ammo...
nice trading ammo...
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ES Journal - 2013
- Thread starter Trvlwanderer
- Start date
Quote from ammo:
its not an indicator its actual accumulated upticks and downticks,with only 4 patterns its a great tell used with targets in underlying
I know exactly what it is and yes it is an indicator, it's indicating based on data.
The problem lies that the patterns, although limited, can morph intraday, and this morphing will not be any faster than price itself.
Quote from Trader.Fighter:
I know exactly what it is and yes it is an indicator, it's indicating based on data.
The problem lies that the patterns, although limited, can morph intraday, and this morphing will not be any faster than price itself.
In my experience the cash delta can be informative for assessing the proper bias for the close when holding a position between 1030 CT and 1230 CT. For example right now I am still short a piece of TF despite the blow back at 1200 CT. Why? Because the Nasdaq cash delta never confirmed the blow back.