Inventory Grab Alert 4/30/09!

[tradingbug]

Quote from AMT4SWA:

No......all flat with no ES held inventory as my last 912/913 entries stopped out near b/e on the jam move through that lower zone. I will look to be a seller of the vacumn we have been left with, after the EU session opens and I see how their trading flows. If we can work our way up to the 925 area Sunday night I will take a look and see what I have to work with.

OK thanks....have a great weekend.

 

[MidKnight]

Quote from SoCalTrader619:

For Ninjatrader users:

If you have a trade placed with stops and targets, and your target gets hit, do you always have to cancel the stop order manually, or is there a way to make it cancel automatically?

I've had a couple occasions where I forgot to cancel the stop and price hits it at a later time, causing me to be in a trade I don't won't to be in.

I have it setup with ATM strategy that just adds my large hard stop. I manually add targets to the currently active strategy and adjust my stop as I see fit. When I close the trade out, all unfilled targets and stops get cleared automagically.

To be honest, I find ninja somewhat cumbersome in this area, especially when scaling in/out several times over the course of the trade. I found buttontrader and zerolinetrader easier for me to manage in this regard and may be switching back to them down the road.

With kind regards,
MK

 

[Whisky]

Quote from stoneface:

History indicates we get a fat tail event once every 8 years or so.

If you look at a weekly or monthly chart that is probably true.

If you look at a 1 minute chart, you get several black swans per week (per market?).

If you look at a 1 second chart, you get several black swans per day (per market?).

Friday last few minutes come to mind.

I could be wrong (as usual), but I believe looking at the right timeframe at the right time is key.

They all look like fat tails in one timeframe or another if one cares to look closely.

JW

 

[pismo10]

The ES did not clear that 911-914 zone until 3:56-3:57pm. So late in the day to act. Seems like this re-balancing must have played a big role in that late move.

 

[EdgeHunter]

Quote from jfw215:

just got caught up with the thread after being sick last week... just wanted to say thank you all for keeping this thread not only educational but damn funny.

I thought I'd contribute by leaving my interpretation of CD on Friday. W

Color me confused but the Accumulation Zone you parsed out by the rectangle would be CDV going lower than price did which would be a SELL signal...

 

[Insearch]

Quote from EdgeHunter:

Color me confused but the Accumulation Zone you parsed out by the rectangle would be CDV going lower than price did which would be a SELL signal...

I believe you'd be right on an intraday basis . . . But . . .

Could it not be that he's got a longer term chart (not displayed on his screenshot) that has a lower CDV than at each of those touches of the "zone" . . . . even though you see some longs bailing at each of those zone touches/penetrations displayed on his chart?

BTW, I don't have enough data on my chart to prove that, but that could be a plausible scenario, no?

Isn't it kinda like asking how much long held inventory becomes relevant (or irrelevant for that matter) at each point price comes back to the zone?

Not preaching btw (only AMT can do that), been gettin' some nasty PMs, just trying to also learn and share my thoughts . . .

 

[jfw215]

Quote from Insearch:

I believe you'd be right on an intraday basis . . . But . . .

Could it not be that he's got a longer term chart (not displayed on his screenshot) that has a lower CDV than at each of those touches of the "zone" . . . . even though you see some longs bailing at each of those zone touches/penetrations displayed on his chart?

BTW, I don't have enough data on my chart to prove that, but that could be a plausible scenario, no?

CDV did go lower but price held at support all day. what does that mean? there was selling but all absorbed at support. That's accumulation in my books. Though this is not your typical view of CD, I was hoping AMT could validate my view point.

W

 

[rainman2]

Here's a delta chart of ES, YM, NQ since the march lows.

 

[MidKnight]

Quote from jfw215:

CDV did go lower but price held at support all day. what does that mean? there was selling but all absorbed at support. That's accumulation in my books. Though this is not your typical view of CD, I was hoping AMT could validate my view point.

W

I absolutely agree jfw. I see it as the market absorbing the the market sell orders shown via the cum delta. It makes perfect sense to me. If you have followed any of ioamt stuff over the years, Bill does things like this as well, but on a more micro scale.

 

[ammo]

Quote from jfw215:

CDV did go lower but price held at support all day. what does that mean? there was selling but all absorbed at support. That's accumulation in my books. Though this is not your typical view of CD, I was hoping AMT could validate my view point.

W

that could be accumulation, it was the last day of the 2nd qrtr and it could also , likely be a mark, a large trader could manipulate that info if they were certain it was going to be marked up, trigger the stops and cause a run up at close to sell into