Market Delta

This is a discussion on Market Delta within the General Trading Chat forums, part of the Reception category; I agree with black-star. My trades are based on price action around support and resistance but I watch market profile ...

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Old May 13, 2008, 12:14am   #11
 
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I agree with black-star.

My trades are based on price action around support and resistance but I watch market profile and volume profile (there was no readily available volume when he was creating market profile) to give me a strong read on current and developing trend. Not trigger. Context.
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Old May 13, 2008, 3:22am   #12
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I wrote my own code to produce MD "footprint" type charts. I did not think the footprint style charts are particularly usefull. Which is not to say that the MD itself is useless. In particular, do not fight the delta if looking for reversals and do not fight the trend on a strongly trending day showing consistantly high or low delta.

Here is a link to a post showing interaction of MD with the order book on the DAX.

http://www.trade2win.com/boards/us-s...tml#post419199
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Thanks! The following members like this post: nine
Old May 16, 2008, 2:22pm   #13
Joined Jun 2007
I use MD daily, mostly as a substitute for tape reading on contracts like the ES (where the tape is all over the place). I also find it usable for fine tuning sup/res entries, especially on the Stoxx and the Bund.
I should mention I trade purely on price/vol and buy/sell pressure and don't use any other indicators.

If you're looking for a pure mech system, MD is probably not for you. But for gauging buy/sell pressure and capping it's the best out there. I have tried a couple of MD implementations and I currently find fin-alg's MD on Ninja Trader the best price/performance.

Oh, another thing guys, don't run MD with crappy vol data like IB, you will need to invest in at least IQ-feed to make this truly work.
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Old May 16, 2008, 10:45pm   #14
 
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How long have you been using MD Jerry? And how long before MD were you doing that style of trading? What changed when you used MD?

Note: My friends used Esignal or better data and are discretionary S&R / MP traders.
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Old May 18, 2008, 7:14pm   #15
Joined Jun 2007
Quote:
Originally Posted by nine View Post
How long have you been using MD Jerry? And how long before MD were you doing that style of trading? What changed when you used MD?

Note: My friends used Esignal or better data and are discretionary S&R / MP traders.
Been using MD daily for the last 6 months and have the same style ever since I went into full time trading some 3 years ago.

Generally, what has changed is that my entries have become more precise, improving risk/reward ratio. I could probably do without MD on some of the instruments I trade especially on EUREX, but it's just makes things slightly more convenient.
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Old May 17, 2009, 1:38pm   #16
 
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Agree with Jerry. I see MD exactly as he does. And it is helpful in the way he said...

But I dropped MD after I realized that for me it takes too much time to comprehend what does it show at each particular point of tim. For me there are less quantifiable but quicker ways to gauge.
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Old Oct 12, 2011, 9:00pm   #17
 
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Re: Market Delta

I use it to daytrade ES and won't trade without it or market profile for context. I don't use traditional technical indicators (RSI, MA ect).

I find using cumulative volume breakdown on days like today very helpful. Photo shows a lot of people were stuck on the short side into lunch as prices floated back to the morning high and forced covering. Don't know another product that provides this. Delta momentum and nyse tick combinations also help me with profitable setups.
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Old Oct 13, 2011, 12:17pm   #18
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Re: Market Delta

Great post thanks for the information...
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Old Oct 13, 2011, 7:49pm   #19
 
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Re: Market Delta

I use Inv RT Pro and Marketdelta for my PROX Bars charting. I am watching the development of the new Marketdelta DOM and set up with OEC brokerage.

I did take a few "buy higher lows" set ups today in ES using Price/Order flow info available in Inv RT Pro/Marketdelta charting;

Images | ChartHub.com
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Old Oct 13, 2011, 10:29pm   #20
Joined Aug 2011
Re: Market Delta

Market Delta is the best... very useful for volume anaylysis.
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