ES Journal Archive (2011)

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Quote from marceck:

1 mn chart in this market, simply waiting for double tops in a downtrend (or bottoms in up) or higher highs, higher lows, with a 10 period RSI divergence and Cumulative Delta to back up. Average hold time just a few minutes. There were tons of set ups like this, but you had to be glued all day to the screen. I won't claim it was easy, but I tried not to get bothered by the rips I missed and focused on capital preservation.
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Hey marceck,

Do you find that the Cumulative Delta is a big part of your edge? I suppose you use it for confirmation in your executions? What kind of software are you using for your bid/ask analysis?

Thanks,

LF
 
Quote from Buy1Sell2:



Currently short the Sep ES contract at 1314.50. Stop is 1372.50 6/30/11.
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Wow. I could never have let go of so much profit. But great entry.
Not sure this rally is done. But I am going day by day, especially with op-ex next week and all those short calls out there getting nervous.
 
Quote from Laissez Faire:

Hey marceck,

Do you find that the Cumulative Delta is a big part of your edge? I suppose you use it for confirmation in your executions? What kind of software are you using for your bid/ask analysis?

Thanks,

LF
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CD is a huge part of my trading now. It gives me the market order flows, which is what big players use. They don't telegraph with limits on the book. I trade mostly divergences and CD gives me another edge. I use a code in NT. You can also use Investor/RT, which already has CD built in (http://www.youtube.com/watch?v=ZvrnYUt6V9U)
Avoid broker feeds for CD if you are using a tick chart.
 
Quote from marceck:

CD is a huge part of my trading now. It gives me the market order flows, which is what big players use. They don't telegraph with limits on the book. I trade mostly divergences and CD gives me another edge. I use a code in NT. You can also use Investor/RT, which already has CD built in (http://www.youtube.com/watch?v=ZvrnYUt6V9U)
Avoid broker feeds for CD if you are using a tick chart.
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Thanks, marceck.

Investor/RT has already been recommended to me.

Bid/Ask analysis is one of the things that makes sense to me in theory, so I`m interested in investigating it further.
 
"The only people who know what business Wall Street is in are the traders," Cuban wrote on May 9, 2010. "They know what business Wall Street is in better than everyone else. To traders, whether day traders or high frequency or somewhere in between, Wall Street has nothing to do with creating capital for businesses, its original goal. Wall Street is a platform. It's a platform to be exploited by every technological and intellectual means possible."
 
Quote from Chuck Krug:

Ammo,
What's that UVOl chart that you use?
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pull up a $uvol chart,if you go to studies,there is a compare with study,click that and type in $dvol and you will get the chart
 
This double tag of the 1180 area is very interesting. When looking at the daily chart, what I see is consolidation of an oversold condition tantamount to the market taking a rest and creating a bear flag. We shall see---Staying short for now. :)
 
Quote from Lawrence Chan:

Or save it for next week after a total crash today?

In fact, I have no clue which one come first 1200 or 1050.
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50+ handle ranges lately suggest 97.50 is the easier target.

Of course unexpectedly bad numbers this morning could change that. :)
 
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