that's the funniest shit i've read all week. i have him on ignore, so i can only imagine what he said. btw, you've got it nailed- post count is the ultimate barometer to use here on ET to flush out who the great traders are. you've found a great mentor kid.
You making a call??? :eek: So Sunday night into Monday AH session will not test the LOD from Today? We will see!
AMT, Doing some screen time on Investor RT's "Volume Breakdown" cumulative delta candlesticks. "I got blisters on my fingers" and sweaty eyeballs.
Both of the videos I received tonite are focusing on the $SPX...you can hear the sense of urgency in the voices of the analysts..... http://www.freetradingvideos.com/vlog/default.asp?Category=1 http://www.projectstreamer.com/users/cb1618/vidmar2/vidmar2.html
Thanks for your answer AMT4SWA. Hope you have time for one more I have noticed lately that the agressive buying/selling, when price finds support/resistance, really does not happen at the price "extreme", but rather a few points above/below the pivot point. When you have detected a heavy resistance/support zone, where do you expect price to bounce? The very extreme, or rather the place where agressive buying/selling took place? If I am right about my observation off the agressive buying (in this example) taking place a few points above the price extreme. If institutions want to protect their resting inventiories, would they not stop price from traveling through their buying levels, and therefore price finding support a few points above the price extreme next time price returns to these resting inventiories? I have tried showing my thinking on the attached image which you posted a few pages ago. On this picture, where agressive buying took place, where would you expect price to find support and mark as a support "zone" on you chart? At the price extreme, or rather from the levels where the initial agressive buying first started? Hope you get the time to explain your thinking on this topic. thanks, veggen.
New LOWS........ES trading at the 725's as I type and no more delta long holders zone......all gone now. We will be trading the AH session in a "suspended in animation" state it seems with no real support below current price.
You are on the right track with your questions and comments......I am a bit busy this evening but I will cover your questions in depth later tonight.
722.50 target now filled as the market drifts lower in the AH session, with no physical held inventory support below us at this time.
Hope this helps make more sense for you and your chart example drawings/indications are right on the money! Also, to give credit where due......the chart example I had shown before is used by the ioamt.com group.....I have built my own and it looks similar in design/info.
Thank you for taking the time to respond to Veggen's questions. The answers are very helpful to help me understand how support and resistance work in the markets. I was curious as to what kind of situations might cause an AMT based entry signal to fail. For instance, I might imagine that perhaps net delta may change temporarily to the long side but later become overwhelmed by sellers before meeting profit targets. Would you mind describing a recent failed entry signal that you traded? Thank you for sharing, Stone