Wow some truly dead PA so far today. I am done for the day. Gonna go out for breakfast and run some errands, hit the gym.
2
Williams%R, SAR X-over 15 minute candles
- #5,722
- May 20, 2024 3:23pm May 20, 2024 3:23pm
- Joined Sep 2015 | Status: Trader | 2,516 Posts
Trading thin liquidity at the boundary of the charts
- #5,725
- Edited 5:12pm May 21, 2024 3:10pm | Edited 5:12pm
- Joined Sep 2015 | Status: Trader | 2,516 Posts
Trading thin liquidity at the boundary of the charts
- #5,728
- May 22, 2024 12:49pm May 22, 2024 12:49pm
- Joined May 2022 | Status: Grateful for the Roulette Epiphany | 1,916 Posts
Life itself is a privilege, but to live life to the fullest is a choice
- #5,730
- May 22, 2024 4:49pm May 22, 2024 4:49pm
Hi Rocky - can I ask you for your take on this current PA. Steady HH -HL with Macd indicating continuation BUT large CumD printed below.
Just trying to understand the CumD significance. Is this a warning of sorts. ( & no - I would not be considering a Long here : it's just something I have seen that provides a question mark )
I have been working on a simple strategy which unfortunately does not suit my trading session in NZ. Your current set up using the channel & Macd is pretty successful and the introduction of the CumD might be another safeguard for entry/exits when I am looking at my 6am - 8am session. ( New York 2pm - 4pm )
I have read about it on a Google search and have a very basic understanding but it would be awesome to get your ideas / tips.
Cheers for your help.
Just trying to understand the CumD significance. Is this a warning of sorts. ( & no - I would not be considering a Long here : it's just something I have seen that provides a question mark )
I have been working on a simple strategy which unfortunately does not suit my trading session in NZ. Your current set up using the channel & Macd is pretty successful and the introduction of the CumD might be another safeguard for entry/exits when I am looking at my 6am - 8am session. ( New York 2pm - 4pm )
I have read about it on a Google search and have a very basic understanding but it would be awesome to get your ideas / tips.
Cheers for your help.
- #5,731
- May 22, 2024 6:28pm May 22, 2024 6:28pm
- Joined Aug 2014 | Status: Trader | 4,260 Posts
Hi Rocky - can I ask you for your take on this current PA. Steady HH -HL with Macd indicating continuation BUT large CumD printed below. Just trying to understand the CumD significance. Is this a warning of sorts. ( & no - I would not be considering a Long here : it's just something I have seen that provides a question mark )
The last bar on the charts is a down bar that stayed inside the previous bars body, I would call that indecisive so price could move either way.
That said I am no expert on CVD myself, maybe RickM could give us a pointer..
- #5,732
- May 23, 2024 2:54am May 23, 2024 2:54am
- Joined Sep 2015 | Status: Trader | 2,516 Posts
Hi Rocky - can I ask you for your take on this current PA. Steady HH -HL with Macd indicating continuation BUT large CumD printed below. Just trying to understand the CumD significance. Is this a warning of sorts. ( & no - I would not be considering a Long here : it's just something I have seen that provides a question mark )
The Cumulative Delta works 100% when there are many market participants trading simultaneously. This allows for the crowd to start trading Bullish or Bearish and we see a nice trend in the PA and the same trend in the Cumulative Delta indicator.
All looks good - until
A.. An absorption event occurs where a large iceberg order blocks PA so we see little movement in PA but a large candle in Delta. In other words, there could be huge Selling in a Candle creating a large Bearish Delta candle but a small movement in PA.
B.. Low Volume levels in a market where Cumulative Delta is useless.
In that chart above therefore, I see it as an ICEBERG order blocking PA - I would stay in till PA breaks the lower 8EMA (proves the iceberg loss). If price moves up some more, I WOULD ADD AN ADDITIONAL TRADE and stay long.
Overall, if the Cum Delta aine't trending, you shouldn't be trading - trust the Cum Delta until its proved wrong
PS. MNQ during the London session has double the volume that NQ has due to all these Prop traders from Apex / Topstep etc. etc. trading MNQ on up to 20 accounts at once - hence providing huge volume to this market.
USE MNQ CUM DELTA over NQ CUM DELTA during the London session
Trading thin liquidity at the boundary of the charts
- #5,733
- May 23, 2024 3:29am May 23, 2024 3:29am
Thx guys - suggestion noted Rick. I haven't looked at std NQ at all but will have a sneaky peek tomorrow. I realize my snapshot was almost 5pm New York and I would not be looking to enter or be in a trade at that time - it was just that huge red CumD bar was starting to print that raised my interest, Perhaps huge selling to get out of all the Longs because of the time of day.
Rocky - I am impressed with the chart set up we are using. Looks appealing and very easy to follow. Just gotta find my sweet spot time.
Go get em mate
Rocky - I am impressed with the chart set up we are using. Looks appealing and very easy to follow. Just gotta find my sweet spot time.
Go get em mate
- #5,738
- May 23, 2024 10:12am May 23, 2024 10:12am
- Joined Aug 2014 | Status: Trader | 4,260 Posts
Crap missed a good move up while posting. Downside of just using the laptop today, instead of desktop I've been using mostly. Wanted to sit outside this morning with my coffee.
- #5,740
- May 23, 2024 10:54am May 23, 2024 10:54am
- Joined Aug 2014 | Status: Trader | 4,260 Posts
Very good day, going to be extra picky about any additional trades. No physical activity for me today, pulled an oblique yesterday. I kite board, kayak, paddle board, surf when I can(trips) and lift weights. I never get hurt. Yesterday I pulled an oblique sitting down, the joys of getting older.
