Yes sir.......957.50-954.50 is the new zone, even though we have inventory spread out from the 946's/947's on up. I will add, any trading north of 946's today will potentially cause still held lower inventory from 946's-949's to go neutral (while upper pricing level inventory is held).
Inventory Grab Alert 4/30/09!
- Thread starter AMT4SWA
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With all this remaining held net short inventory, the 957's news run was the ultimate "fade" play. Now I will be watching the 946's and up if we trade back to those levels......I do think we would see sellers attempt to defend that area. There is so much net short inventory built here, I would think the commercials want some space between their positions and closing price by the EOD today.Quote from EdgeHunter:
Vat does the CDV say so far today...
Inquring minds vont to nooo...
Quote from AMT4SWA:
Correct.....by 948.00 traded all of my position was covered......I call that b/e. I had price already sitting right at my position entry level for the most part just prior to news trading 947.00's, so bailing just prior to news is b/e in my book (last held positions which I had to cover did not really make anything of significance).
Assuming no new information was gained until just prior to the news, why wait for price to ascend to 947 during the AH instead of exiting at the low 940's?
Quote from AMT4SWA:
With all this remaining held net short inventory, the 957's news run was the ultimate "fade" play. Now I will be watching the 946's and up if we trade back to those levels......I do think we would see sellers attempt to defend that area. There is so much net short inventory built here, I would think the commercials want some space between their positions and closing price by the EOD today.
AMT just trying to understand the logic here.
With the pop up, a lot of commercials would have loaded up at the higher price point to play the fade. As price came down, wouldn't they have covered some of those 46-49 area inventories and held the 57 area inventory?
Now they would want to defend the 46-49 area even though it isn't the "edge"? Why? b/c they want the price to push/test lower and ultimately see what the situation is at the 922 area?
But they didn't do this on Wednesday around the 33 area? Why would this be?
How would he know that it was going to Ascend to 947 until it did...
He holds his positions until he hits his targets or is stopped out... as per the thread info on many a page...
or again Alice and the Cheshire cat are smiling at my misreading of his posts
Quote from AMT4SWA:
With all this remaining held net short inventory, the 957's news run was the ultimate "fade" play. Now I will be watching the 946's and up if we trade back to those levels......I do think we would see sellers attempt to defend that area. There is so much net short inventory built here, I would think the commercials want some space between their positions and closing price by the EOD today.
Using the method you've illustrated before, The first two sell pulses off the HOD are 957.50->955 and 955->953.25 creating a zone of roughly 4 pts. The CD differential (total for both pulses) is 10k contracts. Did I get that right?
Quote from EdgeHunter:
How would he know that it was going to Ascend to 947 until it did...
He holds his positions until he hits his targets or is stopped out... as per the thread info on many a page...
or again Alice and the Cheshire cat are smiling at my misreading of his posts
First target on 947 entries is 942 (5 pts), right? I don't see what can be gained from holding 942 thru 947, since you know that area is where the action is likely to start from. Why not collect your 5 pts in the AH at 942 and use the extra liquidity to re-establish a bigger short at 947 if you really feel like it?
In hindsight that sounds like a very good idea...
but... again... how do you know its going to go there...
pre-cognition...
Else hold ur targets till hellth' freezeth' over... or until CDV inventory changes... or strong initiated buying WITH volume shows up during the day or AH... else he would be changing his plan...
Only My 1.672 cents... on account of deflation..
HAVE STOP <img src="http://www.enflow.com/p.gif"> WILL TRADE
Quote from EdgeHunter:
In hindsight that sounds like a very good idea...
but... again... how do you know its going to go there...
pre-cognition...
Else hold ur targets till hellth' freezeth' over... or until CDV inventory changes... or strong initiated buying WITH volume shows up during the day or AH... else he would be changing his plan...
Only My 1.672 cents... on account of deflation..
HAVE STOP <img src="http://www.enflow.com/p.gif"> WILL TRADE
Your point is clear and sticking to the trading plan is what the doc ordered, however, I believe I've seen AMT cover on retraces before, just wondering his logic in this specific case. Waiting for the master to answer now...
Ye Ha...
<font size 4>YahBoo</font>..
That is the opposite of the Cramer's Retail BooYah.. always bullish...
I sold way up there at 955 this moring and I have kept leaning against the 946 level over and over again during the day - getting out when it got a little hot by a tick or two against me - nervous mary i am... and then got back in... and i am short and loving it...
Luv the Inventory... Lean against it and da odds be with ya... like the force...
Ye... Ha...
<font size 4>YahBoo</font>..
That is the opposite of the Cramer's Retail BooYah.. always bullish...
I sold way up there at 955 this moring and I have kept leaning against the 946 level over and over again during the day - getting out when it got a little hot by a tick or two against me - nervous mary i am... and then got back in... and i am short and loving it...
Luv the Inventory... Lean against it and da odds be with ya... like the force...
Ye... Ha...
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