Inventory Grab Alert 4/30/09!

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Quote from AMT4SWA:

One main aspect to higher probability trading is to take trades from the MOST OPTIMAL areas possible......for me that is Delta Zones, intraday/multiday delta divergences both counter-trend & trend-following, and aggressive intraday scalp buys/sells with sharp order flow transitions at the "edges" of a days range.
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My thanks for your reply, AMT.
 
Quote from nirav34:

Great action today. Shorts defended the area all day long.

http://www.charthub.com/images/2009/06/18/Untitled_23_2.png
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Correct sir......each rotation was SOLD for multiple intraday opportunities.

With the trading through the 902/901/900 levels on the 17th, we were able to hit +50 point targets for those who sold the last rotation of the upper Delta Zone. Today's action looked like a sleeper after the initial rally out of the open.......nothing special today but tomorrow should be more "reactive" with Quad Witching. :)
 
Quote from Ken More:

Did the market not go up from 02 to 17? Or does my account deceive me? Damn, don't pay attention to the man behind the curtain!
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I'm referring to the CD, look at the chart there.

Thanks for sharing CD applications with us AMT, it really does change how one looks at market :). The thing it does the best is gives you greater confidence to go short/long at certain zone, and that gives me confidence to hold longer. Anyways, today we will open at around 20s. I'll be monitoring CD and look to short 24s-27s if I see an opportunity there. Let's see what happens.:p
 
Quote from nirav34:

I'm referring to the CD, look at the chart there.

Thanks for sharing CD applications with us AMT, it really does change how one looks at market :). The thing it does the best is gives you greater confidence to go short/long at certain zone, and that gives me confidence to hold longer. Anyways, today we will open at around 20s. I'll be monitoring CD and look to short 24s-27s if I see an opportunity there. Let's see what happens.:p
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So yesterday you sat on your hands while it went up or you lost your a$$?
 
Quote from Ken More:

So yesterday you sat on your hands while it went up or you lost your a$$?
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Ya I did sit on my hands until it tested that zone, at which point I shorted 15.50 and kept it til close. Why would you go short at the open anyways, that's the middle of the distribution (volume profile). Only play the edge, which was 15s and above.
 
Good morning AMT,

The delta zone started at 916 from Wednesday, and was continually 'pushed up' on lower delta. Price now trades at 923 still on lower delta, which is a little discouraging to say the least. Without your MM technique, is there a way to be profitable trading based on CD since price has now gone 7 points against our intended trading direction, yet CD is still lower.

How far can price keep going up before you say CD was unreliable and didn't work as planned. I don't see how CD can be trusted if price just keeps going up on lower CD

Thanks,
 
Quote from nirav34:

Ya I did sit on my hands until it tested that zone, at which point I shorted 15.50 and kept it til close. Why would you go short at the open anyways, that's the middle of the distribution (volume profile). Only play the edge, which was 15s and above.
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I didn't say anything about shorting... yesterday was an UP day.
 
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