I am out at 917.25. This is day trading. It has nothing to do with AMT style. But I am puzzled by the lack of respect to the short term trend by AMT.
Nice trade Ivan! Just a heads up.... 99% of us in this thread are concentrating on using Cumulative Delta in our trading. You've come to the board, added nothing useful about Cumulative Delta, tried to contradict AMT's trading method, and posted some trades. I would kindly ask that you go post your trades on the ES thread. This thread should be kept for discussion about CD. Thanks for your understanding....
With my short term style I can't see his reasoning. Right now I do not see any reason to be short. The trend just broke up again at 918.
AMT has said in the past (a number of times) his preference to play with the much longer term bear trend. In fact, much of what's been said in this thread is a re-hash of things he's stated in the past! Think about it. Price is now revisiting areas we hit on the way down. What do you expect to be at these areas? Existing LONG inventory built up during a bear run or existing SHORT inventory built up during the bear run? Moreover, AMT has recently stated in this very thread that he continues to take LONG and SHORT intraday positions based on intraday inventory buildups. Just because he posts his longer term short positions doesn't mean he's not cycling shorter term long positions. Even Whisky's persistent questioning about some "magic timeframe" chart has been answered. If I'm interpreting the question correctly, AMT has already posted the answer. If not, I doubt asking 500 times will get him to reveal something he's not ready to speak on.
Good point. Sorry. This is a fascinating thread and I could not resist. There is something there but I can't see it yet. I am out.
OK....aggressively sold rally out of open today after AH session had us parked right back up in the 913/914 area, well above yesterdays close. I was willing to be aggressive on the rally out of the open with the 915.75's in play (yesterdays HOD level) and then significant resistance above us at 924's if the market decided to run. 914.00 targets now filled (last 1/2 of 919.00 entries). Next target set now at 912.50 for another 1/6'th of my 922.50 entries. Hey riskfreetrading.......those realtime called profits were NOT risk free! :eek: