Inverted head and shoulders on the SPX?

[tradingbug]

Quote from AMT4SWA:

BTW, typo above....should say 100+ points not 200+ points.

Well, looks like the market stopped COLD at the low 800's today as it hit the next zone of resting short held inventory.....I hope some of you sold that low 800's touch! We should have an interesting time until we can trade above the 805's......market will have to work this zone a bit to attempt a breakthrough (fair amount of held inventory low 800's to 805's).

Hope your having a blast with the kids.

I reloaded all my intermediate term shorts that i scaled out on before on the test of 800 which happens to be the 50MA.

Also, scalped the 98s this morning short and exited last part of the position at 86. This is the second time i made this play. If we test the 800 level again, it will be the third test.....do you find correlations to how many times one tests a level before it breaks and doesnt hold aka....net delta going neutral?

I am sure you are cleaning up!!!!

 

[chuckt101]

In case the above "proof" wasn't clear, look at this attachment.

For what you guys are paying, I think you IRT/IQ guys need to start clogging up their support to fix this problem. It's both IRT and IQ from what I can see.

I think i've provided enough examples to show my NT CD indicator and Zen Fire is accurate while IRT/IQ is inconsistent. :eek:

p.s. I'm have nothing against irt/iq. Quite the contrary, I'm considering switching but I don't trust the feed/software right now. I've been doing many more comparisons with other folks on the back end so believe me, the above "assumptions" are not unfounded.

 

[jfw215]

oh no. i just got irt with transact data feed... is that right???

 

[chuckt101]

Quote from jfw215:

oh no. i just got irt with transact data feed... is that right???

IRT/transact gets the general shape right but magnitude is wrong.

E.G. say max range for CD for 1 day is 100k. IQ/IRT, IQ/NT, and NT/ZF confirms this. IRT/TA may give 80k

Also, the entire time, we compared using "majority" rule..
Our setup was:
IQ (live)/IRT
IQ (live)/NT
IQ (back)/IRT
IQ (back)/NT
ZF/NT
TA/IRT

ZF/NT has NEVER been in the "minority". The remaining setups have. IQ backfill is by far the worst though

 

[jfw215]

thanks yo

 

[pinebilly]

I figured out what the backfill data problem is. Its on I/RT's end as they responded to my email to them.

This is their response -

We are aware of this and should have a new version out soon...hopefully today or tomorrow...which will correct the problem. DTN fixed to a different source of quotes (fix/fast) over the weekend, and this resulted in the problem in our software which includes some volume on backfill quotes (from spreads, etc) that it shouldn't be. Keep an eye out for 9.2.5.

Regards,
Chad

 

[chuckt101]

Quote from pinebilly:

I figured out what the backfill data problem is. Its on I/RT's end as they responded to my email to them.

This is their response -

We are aware of this and should have a new version out soon...hopefully today or tomorrow...which will correct the problem. DTN fixed to a different source of quotes (fix/fast) over the weekend, and this resulted in the problem in our software which includes some volume on backfill quotes (from spreads, etc) that it shouldn't be. Keep an eye out for 9.2.5.

Regards,
Chad

:eek: Let's see if they fix it!!

 

[foreverstudent]

I just set up my whole rig with IRT and esignal, switching from IB data feed. This is after viewing and learning from the posts on this thread. I appreciate you guys for your knowledge and investigating this newer hangup. And thanks for posting it and sharing it us.

 

[chuckt101]

Quote from foreverstudent:

I just set up my whole rig with IRT and esignal, switching from IB data feed. This is after viewing and learning from the posts on this thread. I appreciate you guys for your knowledge and investigating this newer hangup. And thanks for posting it and sharing it us.

hey did you get your print screen thing figured out?

 

[CBpasQ]

Been following this thread, very impressed with AMT's trading. Many thanks to AMT for taking the time. I've attached my end-of-day IRT/IQ chart to compare with NT users, with highlights of a few areas of CD divergence. The two circles show the type of divergence scalps I was looking for. The two larger squares, however, I am unsure about. How do you explain these major divergences?

Thanks again.