Market Delta

to those of you that used it did you use market profile at all before it and if so do you still use market profile despite not using market delta anymore

I looked at it before, and i look at it more so now. I rarely base my trades on it though, just a nice feel for direction ect...

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.

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

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.

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.

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.