Inverted head and shoulders on the SPX?

Discussion in 'Trading' started by fantastic4, Jan 28, 2009.

  1. My feed is zenfire so I'd be surprised if the feed is the issue.

    The CD formula was done by me, yes. I will re-visit the logic in the code.

    So what I'm picking up is the situation I showed would have never happened ;)

    Thanks for your response
     
    #661     Mar 16, 2009
  2. jfw215

    jfw215

    es making triangle while cd making downtrend... breakdown???
     
    #662     Mar 16, 2009
  3. Well the last rotation to test the AH session high was pretty uneventful.....I was not able to enter any positions at higher pricing levels as I trade off the 764-767 zone. Oh well, targets remain as before at 755.00 and next at 750.00. :) I will wait for a breakdown off these highs or until we get a high area test that will create a new higher high.
     
    #663     Mar 16, 2009
  4. jfw215

    jfw215

    AMT, where's your stop set at for your 64-67 zone shorts? price haven't reached 55 yet, and CD is now neutral for the day. would you switch long if the 64-67 area broke through to the up side?

    Thanks in advance.

    JW
     
    #664     Mar 16, 2009
  5. The CD count in I/RT is different in tick view vs. non-tick view. That possibly proves that IB data (non-tick) is skewing the Volume Breakdown calculations. I'm waiting for I/RT support to confirm.

    15s:

    http://www.charthub.com/images/2009/03/16/CandleChart.png

    tick:

    http://www.charthub.com/images/2009/03/16/CandleChart_2.png

    D.

     
    #665     Mar 16, 2009
  6. Manly,

    IB will never give you proper CD data due to the way it gathers its data in "snapshots." Its not a full tick feed.
     
    #666     Mar 16, 2009
  7. We have now finally got the decent AH session high test I was looking for.....Sold 766.00 and 767.50 on this rotation up with first targets at 764.00 and then 761.00 :) I had let go of my last few 764.00 entries at b/e on this new rotation up, but I am still holding my last 765.00 entries. I will watch this for a while to see if the zone holds.....there is still a slight amount of held inventory and we are not yet neutral (don't forget about the previous contract). :)
     
    #667     Mar 16, 2009
  8. I've stated earlier, probably worth repeating, that I/RT is fed by both IB and DTN/MA feeds. I would *expect* the VB indicator to ignore the IB data in its calculations.

    (btw Ignore the charts I posted, the discrepancy in the CD count may stem from the fact that tick chart and 15s chart have different view periods, so they sum up the CD count from a different starting date/time, even though I'm using "All Values" in the VB indicator setup, which may mean all values available from DTN/MA (5 days) or all values shown in each chart view, which are clearly different).

    D.
     
    #668     Mar 16, 2009
  9. Their is also divergence in the CD at the HOD today in ES. Even on a intraday basis CD can be useful. Nice shorts AMT, the test occured right at the zone you spoke of.

    Nice job.
     
    #669     Mar 16, 2009
  10. Yes.....the intraday action alone is very good......numerous trade set-ups each day.

    Targets at 764's filled.....next target at 761.00 :)
     
    #670     Mar 16, 2009