Micro E-mini Madness (2% per day)

Bobiz said:
Hi sstheo,Thanks for your kind assistance and explanations.The volume delta resonates with my trading more than the cumulative delta. I've used Sierra chart's version (delta volume) with cumulative delta bars- up/down tick volume for a few days now,and is still trying to tidy up my ends.
I also use heikin ashi to fine tune my entry ,and will be exploring your short term heikin ashi applications.
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MotiveWave has both Cumulative Delta (and much easier to set up than I've seen explained here--that's quite a process getting it set up!) and Footprint/Volume Delta.
 
sstheo said:
Bobiz, as you are using Cumulative Delta the way I am demonstrating, it is very important to keep the time frame in mind.

Here is a chart of CL looking back 8 days:

View attachment 209173

Now here is the same chart looking back 1 day:

View attachment 209174

Notice that the position of the CDelta line changes relative to the actual prices.

So which one is correct? Should I be long or short? The answer is "It depends!" The time frame you prefer to trade on is the key.

Over 8 days of trading, it appears that the bulls are now slightly too bullish.

Over the last 24 hours, you could make a case that this leg up has a bit more to go.

So always look at different time frames. When the directions line up, then you probably have a great entry long or short.
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Hi sstheo,what's the lime/red line on this CLV19
sstheo said:
Bobiz, as you are using Cumulative Delta the way I am demonstrating, it is very important to keep the time frame in mind.

Here is a chart of CL looking back 8 days:

View attachment 209173

Now here is the same chart looking back 1 day:

View attachment 209174

Notice that the position of the CDelta line changes relative to the actual prices.

So which one is correct? Should I be long or short? The answer is "It depends!" The time frame you prefer to trade on is the key.

Over 8 days of trading, it appears that the bulls are now slightly too bullish.

Over the last 24 hours, you could make a case that this leg up has a bit more to go.

So always look at different time frames. When the directions line up, then you probably have a great entry long or short.
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Hi sstheo,what is the lime/red line on this CLV9 15 points Cumulative Delta chart,and it's application?
 
sstheo said:
My medium chart looks like this.

15 tick range bars with the delta function turned on. So green means buying aggression, red means selling aggression, and gray is balanced. The yellow dot is the point of control (highest volume tick) within each candle.

I have a stop & reverse indicator that just reminds me of the support and resistance levels.

Regular volume is at the bottom, with an average value line. If volume is really strong, then I will often look for a reversal in the next few candles.

View attachment 207572
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sstheo said:
My medium chart looks like this.

15 tick range bars with the delta function turned on. So green means buying aggression, red means selling aggression, and gray is balanced. The yellow dot is the point of control (highest volume tick) within each candle.

I have a stop & reverse indicator that just reminds me of the support and resistance levels.

Regular volume is at the bottom, with an average value line. If volume is really strong, then I will often look for a reversal in the next few candles.

View attachment 207572
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I'm keenly following your Micro minis and want to know why your "Big Chart" and "Medium Chart" are both same size (time frame),for example NQ 15 points for both.
Big Chart: 15 points range bar line on close W/cumulative delta up tick vs down tick;
Medium Chart: 15 points range bar line on close W/volume delta up tick vs down tick.
 
Bobiz, the red/green SMA is from the public domain. What is interesting about this one is that in a tight range it turns blue. As with all things I discuss, you have to tweak to fit your style. ET doesn't support uploading of the .pla file for MC, so here it is on OneDrive.

What is its application? Its one more visual reminder for me not to be an idiot and fight the trend. My favorite indicator of all time is a red 50 sma. But adding the green to the SMA has helped me step back and rethink some entries.

I am still looking for another version of the SMA that changes color with the slope. This one simply turns green if the price is above and red if the price is below. It is good, but the other would be better in my opinion.

Regarding the Big and Medium charts, yes both are 15 tick ranges, but the big chart is a line chart that can easily show me multiple days, whereas the medium chart is my volume delta chart that only shows me 15 to 20 bars usually.

I used to use a 7 tick range bar on the NQ and a 5 tick on the YM, but with the current volatility, I had to stretch things a bit. ;)

upload_2019-9-17_18-47-36.png
 
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Great question Mr. ES . Usually I use limit orders for both entries and exits, but when the market seems to be moving quickly, I use market orders, especially for exits. I have seen $15 MNQ profits disappear in mere seconds before. I would rather get $10 on that trade than -$10!
 
Ty

sstheo said:
Great question Mr. ES . Usually I use limit orders for both entries and exits, but when the market seems to be moving quickly, I use market orders, especially for exits. I have seen $15 MNQ profits disappear in mere seconds before. I would rather get $10 on that trade than -$10!
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Have you ever tried to trade the MNQ in the evening?

Es

sstheo said:
Great question Mr. ES . Usually I use limit orders for both entries and exits, but when the market seems to be moving quickly, I use market orders, especially for exits. I have seen $15 MNQ profits disappear in mere seconds before. I would rather get $10 on that trade than -$10!
More...
 
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