Monday, July 13, 2009

10 Day Perspective



Hi guys,
I didn't get to trade today as I had a very busy workday in my practice. I hope you did well. Here is some of my preparation work for tomorrow. Notice the levels I have marked. Also, notice the high volume clusters showing as dark blue. These are the levels I will be watching over the near future.

Also, notice that while we had a quite large cumulative delta for the day today, the big boys were not participating very vigorously. So, let's see how that bodes for tomorrow.

Have a great trading day,

MG

5 comments:

  1. Hi Bryan,

    why do you say "THE BIG BOYS WERE NOT PARTICIPATING VERY VIGOROUSLY"?

    I don´t understand the meaning of the small bar inside the cumulative delta.

    Thank you for share your knowledge

    Good trading

    ReplyDelete
  2. Superman,
    I have posted the definition for this chart before, if you are interested. The wider histogram is unfiltered delta. Superimposed on top (the narrower bar) is delta for trades >99 contracts. Thus, I can easily see the amount of bigger trader participation.

    Thus, it was my appraisal that the >99 traders (bigs) were not aggressively active as the thinner bar was only a relatively small % of the large total delta bar.

    I hope this makes sense.

    MG

    ReplyDelete
  3. Hello Bryan,

    Many thanks for great posts.
    Could you kindly explain what OSH and OSL on the chart stands for ?

    Good luck !

    ReplyDelete
  4. Hi Ina
    OSH and OSL stand for Overnight Session High and Overnight Session Low.

    Bryan

    ReplyDelete