Inverted head and shoulders on the SPX?

Quote from AMT4SWA:

I track the delta continuously myself and I do not use volume profiles for my trading. The ONLY volume I care about is volume that was transacted with a BIAS......heavy POSITIVE or NEGATIVE delta volume flow. :)
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I've been tracking the cumulative volume recently, but power went out in my area today and I lost all the data. Does this mean that we need to keep our computers running 24 hours a day to keep the delta count correct?
 
Quote from stoneface:

Nicely done! You seem to have very advanced money management techniques.

You must have extraordinary discipline AMT- it's difficult for most traders to enforce a loss if prices really move against you.
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I build my positions in what I see as high probability zones, so the method I use for managing positions stays about the same for me. I look at these areas as "opportunities" while I monitor the initiated buying and selling......if the typical patterns of order flow shift against me from what I normally see I just bail on the position.
 
Quote from SoCalTrader619:

I've been tracking the cumulative volume recently, but power went out in my area today and I lost all the data. Does this mean that we need to keep our computers running 24 hours a day to keep the delta count correct?
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It all depends on how you are set up......do you not have a short term APC type power supply for your PC's? If you have a back up power supply and set up a way to save your data this will not be a problem in the future.

http://www.apc.com/index.cfm

You can still make numerous intraday trades with only keeping about 5 to 10 days worth of data.....so you do not need to keep all data unless you plan on doing a lot of longer term trading imo. :) There are a lot of daily delta divergence trade entry opportunities as price trades back and forth between various multi-day (5 to 10 day back) delta zones.
 
The symmetrical triangle pattern on the $VIX daily is working it's way to a grand finale....as it move closer to to the point....we'll have to wait and see in which direction it will break...however today's open 49.68 remained the high of the day as the $VIX declined to a low of 43.88..(-5.80) difference from the open. The closing candle is an opening marubozu. The fib retracement is below the intermediate ( 46.84) area...approaching the lower pattern line which is at approx. (42.50). With in the range bound trading pattern the sma 8,20,50 are lining up as today's trading session sliced through them all...interesting.

http://stockcharts.com/h-sc/ui?s=$VIX&p=D&yr=0&mn=6&dy=0&id=p23129100789&a=138587146&listNum=1

We've closed below 45.00 which is good for the bulls camp...but can this run continue? If the market internals move lower...how will that affect the delta count or will you have to adjust the buy target?
 
Quote from AMT4SWA:

It all depends on how you are set up......do you not have a short term APC type power supply for your PC's? If you have a back up power supply and set up a way to save your data this will not be a problem in the future.

http://www.apc.com/index.cfm

You can still make numerous intraday trades with only keeping about 5 to 10 days worth of data.....so you do not need to keep all data unless you plan on doing a lot of longer term trading imo. :) There are a lot of daily delta divergence trade entry opportunities as price trades back and forth between various multi-day (5 to 10 day back) delta zones.
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Nice thread and interesting technique AMT4SWA.

I'll just throw an idea for data safekeeping/updating/etc:

Keep it all in an EXCEL sheet ordered by price and backed up once a day between 16:15 and 16:30. That should make it easy to save, upkeep, study, adjust at rollover, keep several contracts, adding them (adjusted for price offset), compute whatever, study, analize with stat tools, etc. EXCEL can be linked realtime too as the market trades.

JW
 
Quote from Whisky:

I'll just throw an idea for data safekeeping/updating/etc:

Keep it all in an EXCEL sheet ordered by price and backed up once a day between 16:15 and 16:30. That should make it easy to save, upkeep, study, adjust at rollover, keep several contracts, adding them (adjusted for price offset), compute whatever, study, analize with stat tools, etc. EXCEL can be linked realtime too as the market trades.

JW
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Great advice.....thanks! :)
 
Quote from AMT4SWA:

OK...just took fills at 715.50 which was good enough....next targets at 712.50 and then at 710.00 and next at 707.50. With fills at 707.50 I will have the last 50% of 720.50 entries held for any additional downside moves.
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Added positions back at 720.50 again tonight (same quantity that I had covered before at 715.50). Positions entered at 720.50 back to 100% of original size......will cover these new adds at 717.50 and 715.50.....all other targets remain as previously mentioned. I will keep selling this area and into the delta 721's to 724's zone in the AH as it stands now.
 
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