Inventory Grab Alert 4/30/09!
- Thread starter AMT4SWA
- Start date
- Status
My point was that the multi-day CDV is not necessarily trustworthy to confirm a trade setup (not that I trust intraday CDV much better). With multi-day CDV, there is so much more opportunity to create a skew in the differential CD reading, unless the divergence is so large that the potential skew can be safely ignored.
Quote from AMT4SWA:
OH HECK YES! :eek:
OK!. High 5!.
(The jealous, parasitic, recovering loser, retreated to his living quarters with his miserly 5 tics profit, completely aware of the truths of the negative sum game, knowing full well, and being completely confident that he outperformed 95% of the other runners in the daytrading race, fully relieved that this was yet another non losing day, and preparing and praying so that tomorrow he will be at least breakeven or better...hopefully one day he can aspire to effortlessly play in the big leagues and understand the intrincacies of CD and its divergent divergences, although he also fully recognizes that not everyone can play basketball like Michael Jordan once did).
The story continues.
JW
Totally agree. The CD isnt really tradable by itself. The CD gives an idea of the order flow. One still needs price to confirm what the CD is saying.
I could be wrong but thats how I see it.
Good Morning All You Traders!!!
I will put up some charts latter in the day to show the signals I was talking about. I will also describe the context of recent price action to back up which areas a trader should be or should not be looking for LONG trades in a down trending market........ok, back to trading.
Looking at CD from a statistical viewpoint, you can determine whether it can improve the odds of an existing trade setup. A marginal tilt utilizing CD for a go/no-go entry decision can have a big impact to the bottom line. The same goes for use of CD in position sizing to improve the average profit/loss ratio of your trade setup.
Quote from AMT4SWA:
W O O O O O S H...there it is......W O O O O O S H...there it is!!! :eek:
Ha...and we still have the whole afternoon ahead of us.
It may be time to donate my lawn chair to the bulls....finally
Quote from AMT4SWA:
W O O O O O S H...there it is......W O O O O O S H...there it is!!! :eek:
Ah come on now. It went through your 876-873 "zone" like a hot knife thru butter without the slightest hesitation.
Conclusion: zone not real, and therefore, this critical zone didn't exist except in YOUR mind.
The only thing I agree with is the market went down just like yesterday. Just more of the same.
If you want to be honest, you'll admit you probably lifted your shorts and watched it blow by 873 so fast it made your head spin like the girl in the Exorcist. You were getting ready to post LONG trades from the zone, weren't you? Fess up!
Quote from Ken More:
Ah come on now. It went through your 876-873 "zone" like a hot knife thru butter without the slightest hesitation.
Conclusion: zone not real, and therefore, this critical zone didn't exist except in YOUR mind.
The only thing I agree with is the market went down just like yesterday. Just more of the same.
If you want to be honest, you'll admit you probably lifted your shorts and watched it blow by 873 so fast it made your head spin like the girl in the Exorcist. You were getting ready to post LONG trades from the zone, weren't you? Fess up!
You should know AMT better than that... He rarely... if ever, posts long trades. And if he does, its just a scalp. He doesnt like Swing Longs.
As the gentlemen said, he's sitting on a hefty short position from 950 and waiting for more carnage as he continues to scale out.
- Status