Inverted head and shoulders on the SPX?

Quote from AMT4SWA:

What is the data feed you are using and the charting you have how is your CD formula written.....is this your own programming?


BTW....if a person uses Investor RT their SDK can be very helpful. :)
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My feed is zenfire so I'd be surprised if the feed is the issue.

The CD formula was done by me, yes. I will re-visit the logic in the code.

So what I'm picking up is the situation I showed would have never happened ;)

Thanks for your response
 
Well the last rotation to test the AH session high was pretty uneventful.....I was not able to enter any positions at higher pricing levels as I trade off the 764-767 zone. Oh well, targets remain as before at 755.00 and next at 750.00. :) I will wait for a breakdown off these highs or until we get a high area test that will create a new higher high.
 
Quote from AMT4SWA:

Well the last rotation to test the AH session high was pretty uneventful.....I was not able to enter any positions at higher pricing levels as I trade off the 764-767 zone. Oh well, targets remain as before at 755.00 and next at 750.00. :) I will wait for a breakdown off these highs or until we get a high area test that will create a new higher high.
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AMT, where's your stop set at for your 64-67 zone shorts? price haven't reached 55 yet, and CD is now neutral for the day. would you switch long if the 64-67 area broke through to the up side?

Thanks in advance.

JW
 
The CD count in I/RT is different in tick view vs. non-tick view. That possibly proves that IB data (non-tick) is skewing the Volume Breakdown calculations. I'm waiting for I/RT support to confirm.

15s:

http://www.charthub.com/images/2009/03/16/CandleChart.png

tick:

http://www.charthub.com/images/2009/03/16/CandleChart_2.png

D.

Quote from manlycure:

Thanks for letting me know, I assumed that IRT knows how to ignore the non-tick datafeed provided by IB and only take the data from DTN Market Access. Something to check with IRT support? That would be a true problem for IB users if that's the case.
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We have now finally got the decent AH session high test I was looking for.....Sold 766.00 and 767.50 on this rotation up with first targets at 764.00 and then 761.00 :) I had let go of my last few 764.00 entries at b/e on this new rotation up, but I am still holding my last 765.00 entries. I will watch this for a while to see if the zone holds.....there is still a slight amount of held inventory and we are not yet neutral (don't forget about the previous contract). :)
 
I've stated earlier, probably worth repeating, that I/RT is fed by both IB and DTN/MA feeds. I would *expect* the VB indicator to ignore the IB data in its calculations.

(btw Ignore the charts I posted, the discrepancy in the CD count may stem from the fact that tick chart and 15s chart have different view periods, so they sum up the CD count from a different starting date/time, even though I'm using "All Values" in the VB indicator setup, which may mean all values available from DTN/MA (5 days) or all values shown in each chart view, which are clearly different).

D.
Quote from pinebilly:

Manly,

IB will never give you proper CD data due to the way it gathers its data in "snapshots." Its not a full tick feed.
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Their is also divergence in the CD at the HOD today in ES. Even on a intraday basis CD can be useful. Nice shorts AMT, the test occured right at the zone you spoke of.

Nice job.
 
Quote from pinebilly:

Their is also divergence in the CD at the HOD today in ES. Even on a intraday basis CD can be useful. Nice shorts AMT, the test occured right at the zone you spoke of.

Nice job.
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Yes.....the intraday action alone is very good......numerous trade set-ups each day.

Targets at 764's filled.....next target at 761.00 :)
 
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