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
Hi Bryan,
ReplyDeletewhy 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
Superman,
ReplyDeleteI 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
Hello Bryan,
ReplyDeleteMany thanks for great posts.
Could you kindly explain what OSH and OSL on the chart stands for ?
Good luck !
Hi Ina
ReplyDeleteOSH and OSL stand for Overnight Session High and Overnight Session Low.
Bryan
Thank you very much !!
ReplyDelete