Inventory Grab Alert 4/30/09!

[chuckt101]

Quote from AMT4SWA:

Filled on first targets at 899.50.....next targets at 894.50.....so far so good.

905.00 was a level I was tracking from the sell down run......it was also a level that just happened to be "in play" by some traders in the PIT.

Hello AMT, is this level from 1/9 and did you calculate it using multiple months or just the front month?

I have an opening range high of 910.75 for front month only and 906.25 for an adjusted (albeit still incomplete) opening range high.

I suspect if I'm on the right track, a complete data view would get me in the 905 range you're seeing?

 

[tradingbug]

Quote from AMT4SWA:

I think we have about a 30% probability of rolling over here off the 905's area.......and a MUCH BETTER chance of rolling over if we can get a move up to the 940's. So regardless, I will still keep taking decent sized shots from here all the way up to the 940's. If we break above 940's then I will wait for a few levels within the 1000's to take bigger position size shots.

Thanks for the Macro view. I hope we roll over sooner than later but who knows.

1000...Wow, a shortologists worst nightmare

 

[AMT4SWA]

Quote from chuckt101:

Hello AMT, is this level from 1/9 and did you calculate it using multiple months or just the front month?

I have an opening range high of 910.75 for front month only and 906.25 for an adjusted (albeit still incomplete) opening range high.

I suspect if I'm on the right track, a complete data view would get me in the 905 range you're seeing?

Yes you are in the ballpark......the start of the zone I was tracking (905.00) was from previous contract determinations also.

 

[fearless9]

Quote from Whisky:

AMT4SWA uses IQ data as well, charted by IRT, so I really do not understand exactly what you mean in your earlier post, except if one uses a broker like IB that "snapshots" data instead of all ticks from the exchange like IQ, or ZENFIRE, or TT or many others.

I'm sure every datafeed has its own latency however. Is that what you are referring to (that most people are trying to trade "the past")?. In other words: Have you found a way to "arbitrage latency"?. If so, you are not only a formidable trader, but a world-class programmer.

JW

Hello Whisky (great username)
Firstly, I do not arbitrage latency, nor do I use IB.

Here is the OP's statement.
.................................................. "Delta is volume parsed by those hitting the bid or ask with market orders......those entering the market where "get in now" is more important than what price they enter into the market at.
I want to measure the "ENTER NOW" crowd more than I want to measure the "WAIT FOR MY PRICE" crowd, or URGENCY over PRICE.......that is how I visualize it."
.........................................
Nothing wrong with his desire, after all it once was a goal of mine, hence my interest in this thread..

The problem arises from the data feed, in that to the best of my knowledge, bid-ask MOs are not available ... in fact the so called bid-ask volume is not what we assume it to be and that is why I suggested people might care to follow through on the subject.

The abilities of the OP are not the centre of any conversation. I have simply bent the direction of the thread towards core data and it's continuing authenticity.

My experience is that we are inclined to seek proof of what we are doing by way of supporting indicators, fanciful language etc, when in fact everything that is useful and meaningful goes into driving price.

And so "read price to trade price".
Oddly enough it sounds easy but I found it difficult to achieve.

The OP may well be a skilled Trader, in which case he may one day chose to focus on price and see how it reflects his delta.
But his trading is his business alone... not mine.

regards
f9

 

[AMT4SWA]

Quote from tradingbug:

1000...Wow, a shortologists worst nightmare

.......but the HIGHER to short from the better.....LOL!

1000's back to 665's is greater than 900's back to 665's.....more profit potential. :eek:

 

[manlycure]

Quote from AMT4SWA:

.......but the HIGHER to short from the better.....LOL!

1000's back to 665's is greater than 900's back to 665's.....more profit potential. :eek:

665 to 900 is arguably better than 900 to 665 because position-size, adjusted for sleep quality, can be higher when you go long rather than short. I'm truly hoping this delta stuff can work equally well for long as well as for short trades in this market environment.

D.

 

[AMT4SWA]

Works them same LONG or SHORT......I just prefer to hold short positions for extended periods (days or weeks) in the AH sessions than I do long trades.

 

[Whisky]

Quote from fearless9:

The problem arises from the data feed, in that to the best of my knowledge, bid-ask MOs are not available ... in fact the so called bid-ask volume is not what we assume it to be and that is why I suggested people might care to follow through on the subject.

I have simply bent the direction of the thread towards core data and it's continuing authenticity.

Please ellaborate on the above, and how using IQ vs another broker feed has helped you solving the core data issue that you have pointed to.

Thanks.

JW

 

[EdgeHunter]

Quote from AMT4SWA:

Works them same LONG or SHORT......I just prefer to hold short positions for extended periods (days or weeks) in the AH sessions than I do long trades.

Is that because you have seen larger sell offs overnight versus buy spikes... ?

 

[fearless9]

Quote from Whisky:

Please ellaborate on the above, and how using IQ vs another broker feed has helped you solving the core data issue that you have pointed to.

Thanks.

JW

Firstly, as I have said, I read only price, (although I do highlight s& r) and so the delta is no longer of concern to me... easy solution really.
In fact nothing matters other than price which is why I run two separate feeds to ensure accuracy ... but this is all basic stuff.

The difficulty for traders I imagine, is not the holy grail or even methodology. It is to be able to cross over from the outside world where negotiation, emotion and manipulation rule supreme into the brutally honest trader's world (I am leaving Fx in the outside world)

regards
f9