It is at 911 now!
Delta guys: why all the silence? You have been noisy recently, and now a deafening silence. Come on guys! Get out and let 's talk. No more calls from me on here, so no potential embarrassement
Inventory Grab Alert 4/30/09!
- Thread starter AMT4SWA
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It is at 911 now!
Delta guys: why all the silence? You have been noisy recently, and now a deafening silence. Come on guys! Get out and let 's talk. No more calls from me on here, so no potential embarrassement
AMT, in an older post you wrote-
"At this point I would look at the PER TICK delta from the day we first touched 685.00 on March 3rd and add up all the TICK levels ONLY with a positive delta in the area 3 to 4 points from 685.00 on up (or at least in that 3 to 4 point zone that has the biggest pocket of high positive delta ticks). This area may show all the positive delta TICK levels added up together to about 11,000 contracts in that 3 to 4 point area.....this I call a delta zone (zone which had a very positive bias to the delta in a small 3 to 4 point range where sellers lost control to buyers and price then change directions as the 685.00 LOD was created)."
Do you use a proprietary software to view the "PER TICK" delta, or is this done by adding up the CD indicator in specific areas? (like you showed in your initial chart example of the 863-866 level... I've attached the chart)
I'm just having trouble narrowing down the initiated selling/buying range from a 5-10 point area, to a specific 3-4 point zone.
"At this point I would look at the PER TICK delta from the day we first touched 685.00 on March 3rd and add up all the TICK levels ONLY with a positive delta in the area 3 to 4 points from 685.00 on up (or at least in that 3 to 4 point zone that has the biggest pocket of high positive delta ticks). This area may show all the positive delta TICK levels added up together to about 11,000 contracts in that 3 to 4 point area.....this I call a delta zone (zone which had a very positive bias to the delta in a small 3 to 4 point range where sellers lost control to buyers and price then change directions as the 685.00 LOD was created)."
Do you use a proprietary software to view the "PER TICK" delta, or is this done by adding up the CD indicator in specific areas? (like you showed in your initial chart example of the 863-866 level... I've attached the chart)
I'm just having trouble narrowing down the initiated selling/buying range from a 5-10 point area, to a specific 3-4 point zone.
Quote from riskfreetrading:
It is at 911 now!
Delta guys: why all the silence? You have been noisy recently, and now a deafening silence. Come on guys! Get out and let 's talk. No more calls from me on here, so no potential embarrassement
busy watching mkt... How about an actual trade vs. just talk. Read the attachment down->up
This particular short was 95% based on CD signal, using concepts AMT has talked about in the last few months and 5% based on some personal research.
Short was around 10:20 ish.. 1 tick off the retracement high. What do you know, delta does work...
Thanks AMT4SWA!
riskfreetrading, fearless9, et al: Like I said, if you don't believe in it, fine, no one is forcing you to use it.
Here is my attempt at identifying a couple of layered levels of held resting short inventory from this morning. I'd appreciate any comments or suggestions from others on this board.
Also, it would be great if others started posting some charts too, showing their interpretation of the Cumulative Delta activity....
Also, it would be great if others started posting some charts too, showing their interpretation of the Cumulative Delta activity....
SoCal, calculating resting inventory levels is an aspect I have yet to fully comprehend. What I can say is I don't believe you are tackling it from the perspective AMT uses it. If you go back into the I HnS thread, AMT describes that he looks at the individual volume on each side of the ladder vs. calculating a delta to determine inventory @ price level.
That part is straight forward. What I still don't understand is picking which level to calculate. EX: 905, even 800 from a few months ago. 940, I get....
good trade chuck.
Was it a divergence trade? You got a chart?
cheers.
Was it a divergence trade? You got a chart?
cheers.
This link may be helpful, down to the left there are some delta charts posted enjoy.
http://charthub.com/
http://charthub.com/images/2009/05/07/DeltaChart__C
http://charthub.com/images/2009/05/07/6tickreversal
http://charthub.com/
http://charthub.com/images/2009/05/07/DeltaChart__C
http://charthub.com/images/2009/05/07/6tickreversal
It is not that I don't believe in it at all.
Trading is not a faith based exercise and I really do not understand this outpouring of emotion.
By incorporating the CD into your trading, your decision making now becomes quote based not trade based.
The bid-ask is picked up from the quotes, not the trades that have gone through the exchange.
If this is what you expect then you have got it,
But the OP described them as MOs (market orders) which is wrong.
We would all like to get MOs as these are the drivers but unless things have changed recently, it is not possible.
Even total volume is adjusted at cme after each rth session.
The only thing that cme yields accurately in real time is "last price" and the open.
Even the bars that you watch are of your making.
If there is anything in this post that doesn't suit you, then just delete it.
regards
f9
That's what I thought too, but then he told me earlier in this thread that he doesn't use a footprint chart whatsoever. That is the only way I can think of seeing the actual bid/ask volume at specific tick levels. Any ideas?
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