Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
Posts: 2,294 since Nov 2011
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Had a short little hiatus while I took care of taxes organizing and delivering papers to accountant and now mortgage refi submitting last requested doc today. Before Trump can work his magic....lol... 6th mortgage in 8.5 years working these great rates.
So I personally don't pay up on purpose when buying and the converse for selling but I understand every one’s diff with methods like scalping etc. I tend to wait for the unfair prices with relatively good queue position. Didn't always do this that's for sure 8 years ago in stocks. I placed orders at the market just not above it for a long. I equate it to being in a hurry and that doesn't bode well in trading IMHO.
Can anyone offer guidance on how this information can used to assess the market? It seems to me a higher reading in positive uptick than delta means aggressive buying is taking place to drive price up. I know that is awfully simplistic but I suspect there are other layers to this that I am trying to understand.
@Schnook...........just catching up after a long hiatus so long that I had only used the TRIN and TICK indexes in those days; ashamed to admit I'm new to "Delta". Kudos for your nice definition of the difference in Delta vs +/- Tick Volume: IMHO packoz got it just right. So my question is:
Anyone configuring the ratio of Tick over Delta as a %percentage (maybe visa versa even) ? Seems to me we all want to know whether the market is moving with relative size; or NOT ........
I think I heard "the trend is your friend" somewhere before.... but its nice to fade the back and fill reversals on entry.
@packoz see below as I've learned a bit since my last post in this thread. CD doesnt have to be a %age I dont think but the the foremost importance IMHO is whether the buyer or sellers are winning at any one time. And bid/ask in juxtaposition to +/- tick CDs can tell the tone. I mean all these indicators only matter IF price is changing OR NOT even; price is the whole point isn't it? rhetorical question<g>