S/R Emini Journal

Thanks Pillars. I've got to run out for awhile. Just closed for 2 pts. Of course as soon as I took my 2 pts. it went up 2 ticks.

 

yvberj - Good one!

Yes I hung in there LONG a while as the "delta" for the day is WAY bullish again.....we are now "net" positive by over 40,000 contracts.

 

How long are we going to consolidate on this top? I am about to fall asleep.

 

5P

How do you enter and exit using the market delta value. Any key values, crossovers you look for?

Thanks

 

I guess we will have to wait until after lunch.

 

I look for "shifts" in the delta and "divergences"......and yes there are certain "net" delta readings that tend to have follow through.



Here was a quick scalp I just hit that had a shift in the "delta" with a divergence...........

http://www.charthub.com/images/2006/09/13/ES_317_VB_6.png

You can visually see how the "delta" will shift the "net" affect of contracts traded per bar..........

http://www.charthub.com/images/2006/09/13/ES_317_VB_7.png


This was an "against" the trend trade so you take your hit and get out, then wait for the next set-up.

 

Thanks, I coded the MD in esignal EFS. I just need to analyze it as you suggested.

 

5pillars,

How do you get your delta (ie the 2nd pane). I don't seem to be able to find the indicator in Investor R/T. Thanks.

 

Long 1327.75, PT 1333, stop 1322. I am "hoping" for more room before BRD is triggered on hourly + bull flag

 

Go to "Technical Indicators" and select "Volume Breakdown"

Set "VB" up as;

Result: [Delta (Buy-Sell Vol)]

Statistic: [None]

Draw As [Line, Two Color]

don't check off or add anything else.