Quote from AMT4SWA:
And last but not least.....the 882.50 Delta Divergence long entry signal, in a downtrending market AFTER the area had already gone neutral in the grand scheme.![]()
http://www.charthub.com/images/2009/05/21/ES_4.png
(chart example shows how to have handled a LONG trade off that divergence, even after a less than optimal LONG entry)
Auction Market Theory helps with "context" of recent/current price action during the trade day.The Delta is my right hook and AMT is my left hook, as I fight the "other side" of my trades. :eek:
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I think I end up saying this every day, but..... THANK YOU!!!
Your commentary of the days action is spot on and really helps others get a sense of what is actually taking place. The charts are extremely helpful in explaining what you've described throughout the day.
I can honestly say that this is the best, and most helpful, thread that I've participated in on ET. The bashers haven't shown up yet and I really hope they leave us alone. haha
AMT, if you were going to look for an opportunity to re-short the market, what zone would you be eyeing for a possibly entry?