AMT - your calls are impressive indeed......probably the most accurate anywhere on ET. I have to admit, initially I was skeptical. So how do you know where these pockets of inventory are? Would you mind sharing what you are using to figure these areas out?
I use a proprietary built (had a programmer do it for me) delta tracking tool for multi-day tracking of the combined cumulative delta day after day.......Looks something like this....... http://www.tradingeducationexchange.com/products/images/ioamt/intraday.png For intraday action I use the Investor RT "Volume Breakdown" tool set to cumulative delta candlesticks as shown in the middle VB pane here......... http://www.linnsoft.com/tour/techind/vb.htm You can just use Investor RT only if you want........you would then need to keep track of the day to day overlap of the delta (mainly at key areas which have previously been support or resistance zones before). To be clear.....you need to run tracking AT ALL TIMES the market is open......holiday hours......AH session, etc. If the market is open you need to be tracking.
Trevor at marketdelta.com does have a marketing agreement with Bill Linn at Linnsoft, so they have some similar aspects to their product. I think Investor RT works fine as I do not need any footprint charting for what I do. I do not know of anyone that is using cumulative delta the way I use it so you will have to learn how to track the delta zones by self teaching.
don't over analyze buy the dip now today the intraday chart on DIA shows a wide trading range, which tends to be bullish on down days
That's very interesting AMT4SWA ...I'll have to study it closely and ask questions later. Maybe we can convince you to post a video link showing an example of this strategy in a real trade...I'd like to see it in action...I bet it's awesome... Today the $VIX reached the target area and was able to close below the 20 sma (44.98)....today close 44.67...less fear in the markets. The $SPX traded mixed as early morning trading was bearish reaching low in the 750 area and mid day trading reached a high in the 780 area...note the close today at 764.90...this my prove to be a pivotal point as to whether the market can sustain the current upswing.
AMT4SWA Impressive analysis indeed. I have one question if you don't mind asking: regardless of whatever tools you use that can tell you how much inventory is left at 743-740 support, I assume you mean resting buy orders right? What about non-resting buy orders though? What about those potential buyers that start hitting the bid as ES approaches support? Wouldn't you think that real buyers with big pockets would like to hide their orders? I am not sure I understood you correctly, this is why I am asking the above questions. I may be utterly out of context. Thanks.