Inventory Grab Alert 4/30/09!

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Quote from AMT4SWA:

You ALWAYS want to enter a SHORT trade into a negative delta bar (and the opposite for a LONG trade).......but once I see a "quantified" amount of delta order flow transition, I will then enter trades like my examples (the amount of "quantified" delta is up to you.....I am using what works for me). If price is trading in a delta zone and I get a order flow transition, that is EXACTLY what I need to see for an entry......if I am selling I want to join a SELL RESPONSE at entry (just the opposite for a LONG trade).
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Yeah I hear ya man. It makes sense of course that you want to be going short when the order flow is selling. I'm observing though, that there are many many many times when the order flow switch just does not follow through with the intended trade direction. That is why I assumed you had more filters in place to help you decide when the order flow has a good chance of being supportive of your trade direction. Do you know what I mean?

I'm sure what I'm saying here doesn't only apply to Asian markets. I used to use IRT some 3 years ago when I was trading the ES and remember the same thing.

My best,
MK
 
Quote from MidKnight:

Yeah I hear ya man. It makes sense of course that you want to be going short when the order flow is selling. I'm observing though, that there are many many many times when the order flow switch just does not follow through with the intended trade direction.
My best,
MK
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I think it first starts with what constitutes a "delta zone" . . . .

no delta zone = no looking for order flow transition . . . :)
 
Quote from veggen:

Thanks Sierra Admin for this explanation, I think I understand the reason now and it makes sense. I was not aware of the "duplicate chart" possibility which sounds really good, and will simplify the whole thing a lot!

Great service as allways.

Regards,
veggen
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So that we are clear, were you applying the Cumulative Sum of Study study to the "Difference" subgraph of the BidVolume versus AskVolume study?

If so, then the way this new cumulative Delta study works is different.
 
I don't have the cumulative delta tool, but I imagine all of those rejections off of the 924 level this morning created at least a minor delta zone of net shorts? Anyone care to post a chart?
 
Quote from sponge:

I don't have the cumulative delta tool, but I imagine all of those rejections off of the 924 level this morning created at least a minor delta zone of net shorts? Anyone care to post a chart?
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actually to the contrary, delta was higher each time it hit 924...
 
Quote from Lawrence Chan:

The "DELTA" tools is always there within NeoTicker, since many years ago.

Way before anyone else mentioned the concept, I did a presentation here in ET years ago about that too. :)

Just that setting it up to match the configuration of another platform can take some effort and understanding of the underlying principles.
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I will have to go back and think about this....I may have seen that presentation you made here at ET in the "chat" if I remember (I first started to look at the delta, both cumulative & intrabar information in 2004). :)
 
Quote from pismo10:

So is it generally agreed the IB data feed is not adequate/useful for calculating delta using I-R/T?

Thanks
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IB feed is "snapshot" data and is TOTALLY unusable for proper delta computations (even with backfill feeds added).
 
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