Inventory Grab Alert 4/30/09!

DAX adds at 5155.00.....second good set up signal.

Also, second chance set-up in ES possible here to sell 941.00 or better (with a delta divergence in place).

 

OK.....no longer a delta divergence in place for any divergence based sell signal in ES.....have to look for aggressive entry only now for any new entry.

DAX still looks very good here.

 

Now 942.00 as new additional entry......targets will be at 937.00 for first primary level (as an intraday entry target.....not a scalp play target).

Top of delta zone in the 944's....so we got close to that level so far.

 

I would pull at least 1/2 of these entries here as DAX trades 5137.0/5136.50 Holding all DAX 5155.00 entries to see what plays out here.

 

If you scalp sold a 942.00 or better short entry, I would look at 939.50 as a first possible target.

 

Selling 943.00 on last spike with aggressive entry signal (no divergence in place at entry).....first target moved to 938.00 level.

Upper range of delta zone getting worked to this point.....no touch yet at 944.00

 

With any add at 943.00 I would move a first scalp target up to 940.75 level.

 

If you are still holding a 942.00 entry with a 943.00 add, you can pull out your 942.00 entries here at 942.00 level (if you do not want to carry this position to first scalp target at 940.75)

 

At what point above 944 would you bail?

that order replacement strategy takes some skillz.

 

We have a good intraday delta divergence in place now....if our new HOD delta reading was taken out, then I would just move to a defensive nature until a better new sell signal shows up latter.

At this point though, everything is looking pretty good trading 944.00 area with a divergence in place.....that is a good sign to this point.