This is a island gap, cant fade it. It looks so strong that i think we should be off to the races from the open. It proves to be right except the buyers are patience enough till the europe's close.
The "delta" blasted positive for the ES by over 6,000 contracts in the first 5 minute bar out of the open. The pullback to 1179.00 had the "delta" still positive at its lowest point by over 9,000 contracts (hint, hint). There were two perfect intra-bar "delta's" to catch the drift of things and get LONG from the 79's to the 80's (you had two separate chances to get in LONG here). Since then we have had an excellent over 8 point run with the current "delta" well over 40,000 contracts positive...........today was as easy as they ever get.
Yes it can, and the "delta" being well above positive 9,000 contracts at the return to 79.00 looked more like letting prices settle back to get more LONG inventory in at better prices.
Is ur delta include the overnight session? Mine only show max 11k and min of -5600 for the day session. Delta is not that useful lately because i have been getting negative delta for the whole run up last week.
You obviously are not using the proper contract setting or you have some other software glitch.....what are you using to track "delta"???
Marketdelta with IB. What do u use? I start at the counting at around 9:25. I have +250 on the 2 min first time it hit 79.00 at 10:16
what is this "delta"? is it related to market profile??? and island gaps are gaps that run away??? please explain some more...it is nice to learn something new.
I use the Investor R/T charting package (which I love!!!) with DTN.IQ feed....but here is the "delta" instructional videos from MarketDelta.com.......... http://www.marketdelta.com/recordings.aspx
Here was the "delta" out of the open today for the ES.... http://www.ttrader.com/mycharts/display.php?p=40433&u=5pillars&a=5Pillars&id=1699