Inverted head and shoulders on the SPX?

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

  1. OK this time I got it right I suppose : 610 ticks with NT/eSignal.

    Live/Replay discrepancies are gone :)
     
    #761     Mar 23, 2009
  2. I purchased a license for IRT today because I was freaking out about NT/ZF being "off".

    How do we know this has been fixed permanently all of a sudden? Why did the prior errors occur? Did people experience data packet loss?

    My friend had datafeed disconnection today and experienced a very odd CDV chart.

    Upon backfill, the errors were corrected.

    I now run both NT & IRT for extra confirmation.
     
    #762     Mar 23, 2009
  3. Perfect gap fill on a 30 day 30 minute chart. This setup equates to hugh overhead resistence. I would be carefull about going long tomorrow.

    I'm using the AD delta bars to assist in entries and exits. But can't ignore good ol technical analysis, right?
     
    #763     Mar 23, 2009
  4. What will you end up paying each month between the charting, datafeed, etc? I'm trying to get a rough estimate of what I can expect to spend to get up and running with IRT. Thanks!
     
    #764     Mar 23, 2009
  5. You will need $60 for the pro version of IRT & $15 for historical backfill data + whatever your data provider charges you for live feed whether you use IQ, IB, Esignal, Transact, etc.
     
    #765     Mar 23, 2009
  6. jmonday

    jmonday

    AMT,

    I'm also confused about the 800 level that we broke through yesterday even though we were net short 40,000 contracts.

    How do we know that new buyers didn't come into the market or that peoples positions were simply hedged that allowed price to break 800 without having to neutralize first?

    If this is the case how can we ever know if an important s/r area is going to hold or break due to it being net long or short??

    Thanks,

    -monday
     
    #766     Mar 24, 2009
  7. Whisky

    Whisky

    Some big sellers sold the 800-802's, the thing dropped about 10 points. The buyers picked it up and pushed harder, and the previous sellers at 800-802 stopped and reversed. (Huge initiated buying at 802 and above are the SAR shorts).

    All the above with the benefit of hindsight in the charts posted, at least for me.

    I don't know about neutralization either, as nobody has posted an actual cumulative vertical database, and all intraday CDs posted seem to have discrepancies of one sort or another.

    Just my 2c and probably worth less.

    JW
     
    #767     Mar 24, 2009
  8. jmonday

    jmonday



    Thanks for the insight, but what im asking is why even when 800 was sold for a measely 10 pts hard, it still broke through with it being net short 40k contracts...
     
    #768     Mar 24, 2009
  9. Whisky

    Whisky

    Dunno where you get the "40k contacts net short", and as I do not have a vertical database either, I'm hardly qualified to argue or teach about those 40k contracts that you saw.

    How do you even know you are calculating the intraday CD properly?. There are so many versions of it in this thread already. All different too.

    JW
     
    #769     Mar 24, 2009
  10. jmonday

    jmonday

    it was cumulative data from irt that a friend of mine has. it showed net short 40k contract divergence since the last time it was at that same level. but yet price broke through it, which contradicts what CD is supposed to show us....
     
    #770     Mar 24, 2009