ES Journal - 2013

The VIX is not confirming any panic selling, using this opportunity to sell a put or two, overall my book is still delta neg...we need a much bigger drop to instill fear into this market.


nice trading ammo...

 

orderly selling might be do to rolling

 

nothing here indicating support

 

It is a lagging indicator, it can't tell you when buyers overwhelm the sellers until it's obvious.

 

its not an indicator its actual accumulated upticks and downticks,with only 4 patterns its a great tell used with targets in underlying..that pattern is one(uvol )flatlining, which is a trend day,good to know

 

I know exactly what it is and yes it is an indicator, it's indicating based on data.

The problem lies that the patterns, although limited, can morph intraday, and this morphing will not be any faster than price itself.

 

don't want top get in a pissing match but what is not based on data,is es an indicator, then everything is

 

In my experience the cash delta can be informative for assessing the proper bias for the close when holding a position between 1030 CT and 1230 CT. For example right now I am still short a piece of TF despite the blow back at 1200 CT. Why? Because the Nasdaq cash delta never confirmed the blow back.

 

I guess I jinxed myself there as now the Nasdaq cash and futures delta are trying to roll at NDX 30

 

Managed to get half off on that inventory grab but now if NDX 30 Held Bid I have to let the rest go.