knew you would be all over that reversal, nice trading AMT. as far as risk free; he wants to be the BIG BALLER SHOT CALLER, nothing wrong with being wrong at least 20% or 30% of the time. no soup for you! ps still waiting on pics of Jackie.
Thank you very much for your clarification, and congrats on the great trading. It is obvious this size of maximum risk is not for me at the current time. Best regards, and thanks for putting up with all my questions and bad jokes. JW
Sorry if this is redundant, but what's the chart on the bottom, net volume at bid/ask? If so, do you know if that can be done in TradeStation?
Delta for today and the high at 24 you have on your chart are almost at same point 80k. Let's say you didn't have footprint chart to look at supply, how would you enter a short based on the delta? Price is lagging delta today at that high and it could easily just breakout on the upside. I don't see how this is a high probability for a short position. If anything I see this as a two sided trade entering a short today at the high. Thoughts?
I take into consideration Delta from one point to another (divergences, etc), but I think the real key is to focus on what the delta does specifically within a zone. It was obvious today that each time price traded up to 913 or so, the buyers dried up. They only get so many shots at a breakout, and if they can't get the job done... it's time to let the bears do their thing and regroup at lower levels. I'm still learning like everyone else here. AMT has been extremely generous with sharing his knowledge and expertise in this area.