That explains it, thanks! btw would it make sense to project the price action next week from the change in inventory at the 895+ zone? For example, if the short zone inventory got thicker, would you expect next week to challenge the other end of the range (877.75-) rather than go back up again and try to bust through the (now thicker) 895? D.
Yes The one thing which can change the game though, is a significant rally in the EU markets Sunday night/Monday morning......we will have to watch and see how the EU markets trade after the weekend. As I mentioned earlier, I am looking for a test of the 877's based upon the market action we had today.
Thanks for the good advice Hoggy but I am now confused. You say that there are no secrets to trading but you seem to think that AMT is doing a great job of what he is doing despite not revealing all that he is doing. Can you clear up this hypocrisy for me please as I think that you are both doing a great job. You are obviously a terrific trader Hoggy as is AMT. I know this because I have read it in both your posts. sosueme
I think what the Hogster ( ) is trying to say is, I have developed an edge which has worked well for me over the years but it is not anything that can't be figured out by someone else. I do agree with this thought, as everything is already out there to be seen.....it is just a matter if you see it yet or not. There are no real great secrets in trading, but there are advantages to be found to increase probabilities for a developed method.
I had this guy on ignore......is he really touting his private message calls? HAHAHAHAH....thanks for the laughs.
I totally agree and understand your point. The discussion in your threads has presented the ingredients of your method. And only after reading and rereading your threads and studying Auction Market Theory am I begining to SEE the setups based on understanding order flow and inventory and working with CD. For me order entry and risk management are next. I'm going to stick with it because I like this style of trading. I feel like I'm sooooo close.
AMT, you mentioned in some post in this thread that one should track each contract "from the very first day of trading", does this mean literally, or is it from 1-2 weeks before expiry of current contract . . . . I ask this b/c there's always some volume on the contract that will become on-the-run and also some on the the one before that, and also on the one before that, just less for each consecutive contract. Just incase I'm sounding incoherent . . . . the June contract is the current contract, the Sep contract has been having some volume for a while, and even the Dec contract has some volume, so does the Marc2010 contract . . . . Do you check for a threshhold volume before starting to track a specific contract maturity? Or maybe I'm just nitpicking on too minor an issue . . .
I track multiple contracts with a separate tool I have built, but that is just not needed at all for finding numerous daily intraday trade set-ups. Tracking zones on more of a macro scale takes some time and resources so that should not be the primary focus. I would just stick to looking back say 15 to 30 days (or as able) to see obvious potential zones that will help you in the current trade day.