Inventory Grab Alert 4/30/09!

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Quote from AMT4SWA:

That entry would be trend following but also knowing you are selling only about 3/4 points above what was tested support for the day at that point. You could sell it, but be ready to bail if the 23's hold again.

Selling the 32's area as trend following on the way down was a good signal today......that area had a couple of opportunities.
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Yeah that was a textbook short signal! Right as VWAP caught up with price again as well
 
Quote from Insearch:

I see, how does one differentiate new inventory vs long holders from lower pricing bailing? In other words what distinguishing characteristic does new layered inventory have?
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Heavy negative bias to the order flow almost 20 points off the HOD yesterday is just LONG's bailing. If you understand Auction Market Theory, you would know fresh new sellers are not going to initiate heavy selling in that area......most of that volume flow was LONG's bailing out in a hurry. Now if some significant news came out that changes the sentiment, then you may have new fresh sellers joining the order flow.......but that was not the case today.
 
Quote from veggen:

Hey AMT, when price first retraced back up to 27,5, after beeing down at 23. - Would you have taken that short from pivot 27,25, when price failed to go back up to 27,5 and CD readings beeing really bearish?

http://www.sierrachart.com/userimages/upload_2/1244062933_30_UploadImage.png
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Hi Veggen,

Here is how I played it. Took the second two trades. You may consider using a candlestick for your CD. Easier to note Initiated buying and selling.

Just a thought.

Travis
 

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Quote from AMT4SWA:

Heavy negative bias to the order flow almost 20 points off the HOD yesterday is just LONG's bailing. If you understand Auction Market Theory, you would know fresh new sellers are not going to initiate heavy selling in that area......most of that volume flow was LONG's bailing out in a hurry. Now if some significant news came out that changes the sentiment, then you may have new fresh sellers joining the order flow.......but that was not the case today.
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Thank you, I really like your logical explanations.
 
Quote from foreverstudent:

Hi Veggen,

Here is how I played it. Took the second two trades. You may consider using a candlestick for your CD. Easier to note Initiated buying and selling.

Just a thought.

Travis
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Hey Travis!

Yeah I know, candlestick would be MUCH better, but unfortunately that is not possible with Sierra Charting, at least not yet. I have requested that feature, and they are working on it. Should be ready by this week, according to them.

Did you go long on your 2 trades?
I notice you did not have that slight negative div. when price danced around 27,5 for a while there. Your CD readings actually look stronger than price around that time. Which data feed do you use?
Anybody else have a slightly negative div. there, or is it my datafeed playing a prank on me again?
 
Last two trades shown. Long at 23 for 2pts and long at 27.25 for 2pts. No divergence on the last trade. Took it straight from order flow. No down tick on the delta and then initiated buying began. Perhaps a bit risky. You can see I barely got filled. Switched from esignal to IQfeed. Way better and accurate.
 
Quote from veggen:

Yeah that was a textbook short signal! Right as VWAP caught up with price again as well
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VWAP touch at 933 and CD div -5k, seen this setup repeat frequently, a perfect R10 too if you dig those round numbers administered by scary bespectacled men...

D.
 
Quote from manlycure:

VWAP touch at 933 and CD div -5k, seen this setup repeat frequently, a perfect R10 too if you dig those round numbers administered by scary bespectacled men...

D.
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Good one............ :D :D :D
 
Quote from foreverstudent:

Last two trades shown. Long at 23 for 2pts and long at 27.25 for 2pts. No divergence on the last trade. Took it straight from order flow. No down tick on the delta and then initiated buying began. Perhaps a bit risky. You can see I barely got filled. Switched from esignal to IQfeed. Way better and accurate.
More...
I use DTN.IQ myself.......Esignal lost me years ago. :eek:
 
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