Hi Zondor.. I am using NT 6.51000.14 (Live) and deleted my old version of BuySellVolumeTotal, etc. but your updated version would not install.. says it was made with a newer version of NT? Is this only for the betas of Version 7 and not compatible with 6.5?
Great volume posting Cunparis - I was curious about the alignment of your methodologies with the cumulative Delta work that Fulcrumtrader has posted. He has some pretty compelling youtube videos that are notable ...
I've studied his posts and his videos. I've learned a lot about cumulative delta but I'm not yet totally convinced. I currently think for my trading (going for 10-30 ticks) a divergence in delta is more important than the cumulative value. The delta zones concept is interesting for longer term trades but I haven't really studied that.
you need a deep pocket and separate accounts to handle the 'zone' as they maybe in a conflict direction with each other. Big zone = you have to be able hang on when it goes 10p against you at the minimum, overnight is a must.
Thanks to cunparis for the volume patterns indy and all the teaching and examples.
The attached chart is 3 min eurostoxx50 (hvc in blue, lv in pink in panel 2).
It shows 2 hvc bars as price approaches the market profile lower value area and sure enough price reverses - very nice.
I was less sure how to interpret the next hvc after this turn (marked with the red arrow). I think it suggests buyers coming in to support price.
The rest of the move is not shown but sure enough price continued up hitting the point of control with a monster volume spike / hvc - at which point i moved my stop to protect the profit and got stopped out.
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Great job on applying the volume patterns to your trading.
On your red arrow question, here's my take: the last HVC showed professional buying so cycle is up until I see professional selling. We get an HVC bar (red arrow). Is it buying or selling? I don't think it's selling because pro's wouldn't chase it, they would have shorted at the high or waited for a retest of the high. so I see the HVC with your red arrow as a pullback in the up cycle. Pro's are adding to their position and trying to drive up price. You could say that would be chasing but I think adding on to their position is different than chasing to establish a new position. That's just my take on this.
Feel free to post some more but next time don't tell me the result.
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