Friday, November 1, 2019

/ES 11-1-2019 Trade Day Review


On the Cumulative Delta Chart(Leftside), delta was held at 107,489 but over on Price Chart(Rightside), it was making a higher high creating a Trend Divergence(Bearish) to the downside.  So the small gray box on Delta chart represent 2500 contracts so when delta bars pierced thru the bottom of box level 104,989(107,489- 2500=104,989) that's your entry signal to place a Market Sell order preferably within 1.25 points of recent pivot high(3062.00) so trade position no lower then 3060.75.  Trailing the trade down to where previous Buyers was still holding contracts at 3053.00 area on Price, on Delta Chart 94,860 level.
Around 1pm EST as price made a New HOD taking out previous HOD(3062.00) the Delta wasn't able to get back up to it 107,489 level creating another Trend Divergence to the downside, so once delta bar pierced thru the 99,500 level(102,000- 2500=99,500) place a Market Sell Order no lower then 3062.00.  This trade would have got you inside a consolidation range, but had you been drawing a trendline connecting bottoming tails you might had exited trade with profits you had, to take the new setup that was in progress.
Price was making Higher Lows, while Delta was making Lower Lows forming a Hidden Divergence to the upside.  So had you reversed position from previous trade having a trade position Long 3059.50 taking back up to HOD monitoring the Cumulative Delta was still dropping lower while price was rising making new HOD thru market close when delta finally caught up with price.

Trading Nadex Binaries 20 min Expiration contracts, you would had 3 wins taking to expiration entering ATM contracts.





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