Inventory Grab Alert 4/30/09!

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Quote from tradingbug:

Me neither.

Amt....you da man! Some awesome stuff you showed here.

Now we just need to take out that 72-76 zone and also take out the remaining resting inventory.
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Now let's see if we can work through the remaining inventory tomorrow for a possible WOOOOOSH day! :eek: :D :)
 
Quote from nirav34:

Did the 76s and up zone get neutralized today? I don't have data that far back, was wondering.
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There is still remaining held inventory.......not all neutralized yet. If the remaining inventory "flips-out" of their remaining positions fast in the trade days ahead, we will get some serious range extension to the DOWNSIDE. :)
 
Quote from trefoil:

I see that there's folks here confused about the afternoon action, as was I.
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Price trades to SIZE.......there is still A LOT of SIZE below current price (remaining resting held LONG inventory). Sellers that have carried down massive short inventory from higher levels NEED that size (resting LONG inventory down here) to help neutralize some of their holdings (carry your position to where you know you have an exit......SHORT 940's/950's in SIZE and carry them to a zone where there is resting LONG inventory in SIZE for your exit). :)
 
Quote from EdgeHunter:

Yo AMT...

The sell off initiated from the Grab Zone up at 925 to 928 and then down to 882 was a no brain-er and classic reaction from an inventory grab action... but from the beginning of today until 2:45pm Eastern what about the very large Positive Divergence today that was then crushed at 2:45pm Eastern time... who knew it was going to get crushed like that... I should hope or guess that?

its nice the market went down to 876 etc but with the last two days of a strongly Positive CDV it was an opinion & a bias to hold strongly short all contracts into the close today... not a consistent Grab strategy.. ?
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I agree, there was about 100k net longs sitting there from 6/23/09 and there's still >20k there from the 886 level yet price blew past there all day today without much reaction to the upside.

what stops you from taking shots at longs since cd div confirms? if you were, you would have been blown away with losses all day long.
 
Quote from maxima120:

If you were to scalp few ticks, how would you use the text book?

I know you dont, but if...
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To prop up my laptop for better cooling while remote on vacation! :eek: :p :D
 
Quote from jmonday:

what stops you from taking shots at longs since cd div confirms? if you were, you would have been blown away with losses all day long.
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All the LONG scalp trades off 882's worked both AH and cash session on Sunday AH/Monday/Tuesday (four trades total)......the last time price traded through 882's near EOD today there was no order flow transition signal. All four LONG scalp trades at least worked out for a few points and one of them had a nice run.

Which trade set-ups are you talking about.....I don't see any set-ups at all where a trade would have been blown away?
 
Quote from jmonday:

what stops you from taking shots at longs since cd div confirms? if you were, you would have been blown away with losses all day long.
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There were a few "weak" initiated buy signals at or above 882 today but the setup was not complete (everybody's criteria is different, granted). There were two decent initiated buy signals prior to EOD, both below the busted 882 level. You'd have to go back quite a bit to find the CDV on those, don't know if I'd trust it as part of the setup tho.
 
Quote from AMT4SWA:

All the LONG scalp trades off 882's worked both AH and cash session on Sunday AH/Monday/Tuesday (four trades total)......the last time price traded through 882's near EOD today there was no order flow transition signal. All four LONG scalp trades at least worked out for a few points and one of them had a nice run.

Which trade set-ups are you talking about.....I don't see any set-ups at all where a trade would have been blown away?
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AMT,

I am looking at the CD zone created when price hit 886 on 6.23.09

That delta zone has still yet to be neutralized, so I was taking long shots when price traded back down to 882 and below once I saw some initiated buying. However, each time the initiated buying was quickly put down by stronger selling thus neutralizing and then soon breaking each low on CD and subsequently stopping me out on each long attempt.

How do you prevent this from happening?


http://content.screencast.com/users...f9-4ae2-bb2f-3f1cdecf7017/2009-07-08_0143.png

http://content.screencast.com/users...e5-43d5-b5e9-965578dfd182/2009-07-08_0147.png

Thanks for your response in advance.

-Monday
 
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