Inventory Grab Alert 4/30/09!
- Thread starter AMT4SWA
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I keep cycling positions in and out as needed until I get a full size position on when possible......today is a bit different as I am still holding entries from several days ago at the 926.75 level, so I am going to be very aggressive to build my overall short position back up in size . I will work in positions up to a max of three levels today as I am still holding higher price level short entries from 926.75. From the lows of the AH session to todays HOD we had a 3rd deviation move in price, so I want to take advantage of this to be active entering additional new short positions.
Today all the intraday delta divergence signals hit a minimum of two point pullbacks for scalping style targets (even during a 3'rd deviation rally in price) if that is what you are into. I always try to catch bigger moves, so I cycle positions in/out as needed until I can get at least an initial 5 point target hit.....then I will see if I can catch a extended move from there.
I already have remaining held short inventory positions from 926.75, so today I traded all the intraday signals attepting to rebuild my overall short position.....I have no gaurantee price will trade back to the 910's to 912's so I have to work with what signals I get (within the context of trying to build position sizing back up for my previously held short entries). Also, my set targets are only scale out levels, so having initial targets 3 to 5 points from entry is just the beginning of my profit taking levels (for instance, my 926.75 short entries from the other day have hit targets all the way down to the 876.75 level so far.....my initial targets are just the first level I start taking profits).
Yes that LONG delta divergence in the AH session last night was very clear.....the trade set up obviously worked out EXTREMELY well for those who took advantage of it (I think I mentioned last night during the AH session I had an entry signal trigger at the 877.50 level).
You are correct about the squeeze, we had several pulses of short covering order flow today during that 3'rd deviation move as we traded into various zones of resting inventory.
908 is the 906-911.50 short zone's "center of gravity". Long zone above 911.50.
875 was (and still is) the top of a long zone (starting at 869.50) last night. Rally started 1 tic above that. OTOH, 876-881.50 was (and still is) a short zone. Price didn't have a problem slicing thru it on the way up. Go figure.
0c,
D.
I see that clear as day now. AMT, I know you said you like your first target to be 3-5 pts. In today's trades did you prefer to take BE's vs. a partial profit of 1-2 pts since it was tough to get 3-5 pts against the trend? If you do prefer the BE is it because in the long run you feel you do better having a minimum price target of greater than 2 pts?
Thanks
W
Yowsa... it helps to keep your ears open and your brain focused...
so okay...
What i have seen you deploy is a disciplined trading process on your part that includes... statistical arbitrage using standard deviation measurements, average cost positioning strategies, auction theory distribution overlays and cumulative delta divergence methods all combined into a powerful combo multipart S/R method to help you tame the market your way...
I think i have got it...
Its a walk in the park.. not...
let me ponder on it for a Yuga or two..
tanks... many tanks...
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