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Volume Breakdown on Investor/RT
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Created: by Big Mike Attachments:6

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Volume Breakdown on Investor/RT

  #1 (permalink)
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Volume Breakdown on Investor/RT

Here is a simple chart with Volume Breakdown.

What is your interpretation of panel 2? Strong buying stepping in? But we saw similar buying @ 1.4560, we are 260 ticks lower and at the same level of CDV...

I'm still learning.

Definition attached.

Mike

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  #2 (permalink)
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I also should mention how panel 2 is set above - it was > 6 (see attachment). I've seen some big differences when filtering <= 5 contracts vs all lot sizes, have any of you guys found similar things or feel a certain way about filtering based on size? I've attached examples.

Mike

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Attached Thumbnails
Volume Breakdown on Investor/RT-5-6-2011-6-08-33-pm.png   Volume Breakdown on Investor/RT-5-6-2011-6-24-15-pm.png  
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  #3 (permalink)
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Big Mike View Post
I also should mention how panel 2 is set above - it was > 6 (see attachment). I've seen some big differences when filtering <= 5 contracts vs all lot sizes, have any of you guys found similar things or feel a certain way about filtering based on size? I've attached examples.

Mike

I do see a difference when applying the filter. Seems the higher lot traders lead the pack in order flow. I'm seeing bigger Delta moves sooner. Especially between 11:45am and 1pm. Yet, compared to price it doesn't look like very smart money to me.

As for an interpretation of your first chart...

According to Christopher at Fulcrum Trading this is called Hidden Divergence...
i.e. When Delta plots beyond previous pivot level and in this case as an over commitment of Bulls after an inventory neutralization. Tension builds until one side capitulates.

Here's my novice observation (IOW, don't bank on it and hope Christopher chimes in sooner or later)...

Towards the very end of your chart it appears the Bull's overcommitment is about to payoff as Delta rises up to take out another short inventory level located back at 9:37 on your Delta. Notice how simultaneously price finally makes a higher low. I'm curious how the rest of the chart unfolds. Who capitulates?


Last edited by tdaman; May 18th, 2011 at 08:56 PM.
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  #4 (permalink)
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Big Mike View Post
Here is a simple chart with Volume Breakdown.

What is your interpretation of panel 2? Strong buying stepping in? But we saw similar buying @ 1.4560, we are 260 ticks lower and at the same level of CDV...

I'm still learning.

Definition attached.

Mike

On the ES this occurs when in this case the NYSE is lowering all boats but the conviction on the ES is to go higher. A frustrating dilemma! I've seen the same thing w the 6E but not as much.

I wouldn't be surprised this causes many retail traders to blow their stops getting stuck in deeper until price final comes back in the direction of their original conviction.

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  #5 (permalink)
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Well here is another chart. EUR/USD over last three to four days, we can see as price is sideways we've got a lot of positive cumulative delta coming in.

I've been long the euro for a few days now based on a trend channel and this info in my MBT swing account. But today for instance we broke the TL on very high volume, to the downside. I am still long and considering adding down here but have to admit that if we get another push lower I will be stopped out of this trade.

Curious as to what @Eric j has to say about it.

Mike

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Attached Thumbnails
Volume Breakdown on Investor/RT-5-20-2011-2-35-06-pm.png   Volume Breakdown on Investor/RT-5-20-2011-2-38-00-pm.png  
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  #6 (permalink)
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Hi Mike,

I have been a member of Fulcrumtrader for a while.

What I have found, especially on the 6E, is that Delta divergence can build up over serveral days as longer term traders build their positions prior to a decisive move. Remember also that the 6E contract is not the main market for forex and as such there could be hedging or other activities going on too.

See my chart for the drop from 1.49 area. Each rotation higher was sold into before the price broke.

Images | ChartHub.com

Brit

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  #7 (permalink)
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Hello all.....just saw this thread. Yes indeed, the CME FX instruments are a different animal compared to many other futures instruments. The whole CME FX market is a secondary market to the actual Forex spot market and this means something when tracking supply & demand events. The supply & demand events in the CME FX instruments have a different timeline to the overall playout of these patterns as seen in most all other futures instruments.

BigMike - if you ever want me to do a webinar covering the CME FX instruments supply & demand event patterns, and set ups possible, just let me know (this is a good subject many seem to have questions about).


Happy 4th All!!!!!!!!!!!!!

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  #8 (permalink)
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CME FX C/D Volume

I would be vey interested in this as a webinar, as I trade 6E extensively and utilse the Volume Breakdown Tool in Investor/RT .

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  #9 (permalink)
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FulcrumTrader View Post
...The supply & demand events in the CME FX instruments have a different timeline to the overall playout of these patterns as seen in most all other futures instruments.
...

Interesting. Could you define your definition of "supply & demand events" ?

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  #10 (permalink)
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It's interesting. Unfortunately (or fortunately) I'm using Market Delta. It gives some advices, need in my trading, such as footprint. But if honest, breakdown is wery powerful indicator, which can make money.

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