FulcrumTrader

To properly "verify" a days CME run of ES BID/ASK data (from all the days volume data) is a lot of fun (NOT). You need to get a data file of one days un-coalesced ES data (NOT a coalesced data run for the day). Tradestation is JUNK for trying to do bid/ask Cumulative Delta work with their own provided feed (with their own dysfunctional time stamping.....UUGH!!!). Now if you can pump a separate data feed into Tradestation set up for doing Cumulative Delta work (like we all know who) then you can use that charting platform for plotting CD. I have not yet seen any "verified" Cumulative Delta run for the day in the ES (or any other futures instrument) from a MultiCharts user (even though someone may have a proper and working CD.....just never seen one myself yet). BTW, Rithmic built and owns the "Zenfire" feed........"Zenfire" is just a brand name of the feed. I remain a very loyal Investor RT Pro user with DTN.IQ feed for my Cumulative Delta work, as this is the only set up I have found to this day that will always match an end of day CME data run. When I take a look at the end of day "plot" of the GomCD Cumulative Delta tool with Ninjatrader running off Zenfire data (and NOT TT Fix adapter data) I can get a match with my Investor RT Pro set up. It would really be nice though if we had more options for PROPERLY tracking the Cumulative Delta plot each day. My next BIG project will be trying to get everything I do with my current Cumulative Delta capabilities set up into TradeVec for futures use......that will take some time (and work with my programmer....oh what fun!).....LOL!

Call up Timmy "minion" Geithner......he will tell you who all his masters were at the NY branch!

THEY is simple......who owns the shares for the various branches of the privately held Federal Reserve?

Actually THEY have the biggest laugh on us.....and the trillions ripped out of our country so keep laughing.

The privately held (fact) Federal Reserve imo is a criminal syndicate which has robbed the US citizenry enough. I would LOVE to see the Federal Reserve taken over and dealt with through US Government action (directed through the support of the US citizenry.....like the Ron Paul audit bill). In my opinion, let the chips fall where they may!!! The current and longterm relationship between the Fed and the US Governement is about as dysfunctional as you can get....needs to be GAME OVER soon!

You missed my entire point.... Ben has NO AUTHORITY, so he is just another minion of the Central Bankers with nothing buy lies.

Only if you like to hear the continuous lies of the Central Bankers minions! :puke:

Great job Brian and thanks for all that info.....you should be a CIA analyst, I like all your research work!

If you break a very good data down at the EOD and verify the days bid/ask run (with like a DTN NXCORE feed) you will see there are absolutely no problems.....during fast periods or slow. With Investor RT Cumulative Delta volume study and the basic DTN.IQ data feed or with Ninjatrader running the GonCD with Zenfire feed, the days bid/ask runs match up with a verified feed daily look at a days bid/ask run......even after the recent CME data flow increase to "retailers" type feeds. I myself, since I constantly track for the accuracy of the Cumulative Delta with various feeds, have found no problems of improper plots of the CD from the few feeds I use.....so far so good.

Brian, Back a few years ago, I did study a Volume Analysis tool Bill Duryea was using similar to what OrderFlowAnalytics has currently just developed...... http://www.tradingeducationexchange.com/products/images/ioamt/intraday.png In my opinion, the new OFA charting tool for Ninjatrader makes a lot of sense to me. Anytime a trader is developing their understanding of order flow/volume distributions and moving away from traditional price derived indicators, they are on a very robust path.

I don't like to make it too complicated so I don't use smooted CD or CCi's for my primary trading......I like to just track the zones of resting inventory (supply) and then see what is the demand as price trades back to those zones. BTW, checked out your blog.....very cool! :-)

Not "seeing it" is actually not that uncommon.....many activities within the order flow are actually counter-intuitive at first. As a trader starts to learn street level Auction Market Theory and the mentalities of the more influential players (those with the liquidity) it all starts to make sense imo. The market LOVES to trade between zones of resting inventory and the last few days have been brilliant examples of just that (last two days in the S&P500 Emini were exceptional imo). Commercial participants will continually drive the markets back and forth between the significant zones of resting inventory as they USE "retailers" inventory for their exits. The "retailers" resting inventory at various pricing levels is turned into the weaker hand when price is driven back to pricing levels where the "retailers" resting inventory was first initiated (or beyond the initiating price levels to their resting "stops"......OUCH! :doh: ). Commercial participants should not be thought of as wondrous MIT braniacs in their various order flow activities......not at all, they are more like MOB families using their power (in the commercials case their liquidity) as they operate on their own turf extracting income from others weakness. Knowing what zones of price where the "hurt" can be put on the weaker hands is powerful information as one tracks the order flow intraday.

Commercials SELL into markets frequently that are at the moment trading higher and BUY into markets that are at the moment trading lower. For an example, as Commercials price targets are met (for whatever system they use to decide WHEN to get into a market) they will start to sell at the moment into a rising market with market orders. Commercials initiate trade frequently into a movement of price that at the moment is counter to the intended direction of their trade.....they don't wait until after price rolls over in a rally to sell into. Commercials initiate trade with rapid automated order entry of market orders into movements of price that will BEST hide their order entry maneuvering (while getting a good entry price and not creating slippage from their heavy entry into the market).

I KNOW Commercials use market order entries and exits for the majority of their trade activity due to aquired knowledge I have about their automated order entry systems. I also have Chicago based contacts throughout the past years and have verified how Commercials work their positions in and out of the market. You have to realize that current technologies offer Commercials the BEST ability to hide their order entry and exits through automation with "at the moment" initiated market order operations.

The main reason I love to use Cumulative Delta for my primary trading analysis is the fact that I keep seeing the exact same "supply & demand" patterns repeat over and over again. Successful trading is a "pattern" identification business in my mind, and developing a method to identify repeating patterns is exceptionally important to me. Another very important advantage of tracking order flow with Cumulative Delta is the ability to see about 80% to 90% of commercials order entries/exits. Commercials blast in and out order flow with market orders for the majority of their trading activities.....so I definitely want to be able to see that order flow and how it is distributed each day.

CASH SESSION markets frequently lead futures markets. When the US cash session is trading the ES will frequently follow the equities side buy and sell program activity of the cash markets. When the EU session is trading the same behavior will be in place....up to the point a significant futures zone of resting inventory is traded to or until there is a news release triggered reaction in the markets. Futures markets tend to lead at the times large positions are initiating new buy or sell response, this is usually at developing zones of resting futures side inventory or in reaction to news. Futures can also lead for a brief time when a significant zone of resting LONG or SHORT inventory is neutralized....there will be futures market lead price reactivity as the held resting inventory is turned into a weaker hand. The quick covering of that held inventory will create strong order flow bias and solid price movement in the futures market which will lead the equities market for that event. When cash sessions are trading you need to follow the buy and sell program activity for those markets as you trade the futures index instruments.

I do not currently utilize the CTA (setting that up for myself at this time though) but I do and have traded funds other than my own over the years. I am currently going through the set up process to trade funds in a manged futures arrangement as a CTA with a new fully automated system (based on Cumulative Delta).

When the EU markets are trading live the DAX will frequently have the most impact on the ES movements during that period (in the after hours session for the ES market). Once the US pre-market "news release" time periods trade then at times you can see ES price movements lead other instruments according to the news reaction. There are also times when you will see the ES trade directionally while the Asian markets are trading flat (but the EU markets are not yet trading).....this will happen when some commercials are driving price to levels where they are willing to add more inventory to positions they have already started building previously. There are multiple ES behaviors/patterns in the after hours session possible according to the recent context of price/volume action. Inventory Grab events can be greater or less prominant than an intraday or multi-day Delta Divergence....it usually comes down to the amount of inventory neutralized and how that held inventory zone was developed prior to getting fully neutralized. Before a trade day even starts, I already know what zones of resting inventory if neutralized will be very significant inventory grab events to trade from. As far as compliance issues go, there are definitely guidlines that need to be followed when trading funds for others or for those who are a CTA (and who also provide trading education to included live trading of funds demonstrations for clients). Just last week I was talking with NFA reps in Las Vegas at the Online Trade Expo...I always like to know what their current "hot" issues are for compliance.

No false assumptions at all....they show various set ups perfectly and FULLY WITHIN all NFA/CFTC current guidlines.

Another legendary poster who adds nothing to the thread discussion as usual.....BTW, there are MANY who know me personally in the trading community that will refute your false assumptions.

Additional feed can be THE SAME data only parsed or filtered in a different way than the first data flow. This can be done by looking for separate data needs within a single flow of data....once parsed/filtered per your specifically defined criteria then the now two separate feeds (from the same data....like ES volume data) can be pumped back into your indicator creation code.

I show how to track zones of resting inventory and what trade set ups are the most optimal as price trades between the zones of resting inventory.....it is still up to the individual trader to create their own success. I am not giving away anything that will ever take away from my opportunities in the market each day.....too many futures instruments and too much liquidity available. The charts I put up show how important it can be to track zones of resting inventory and also how to track accumulation in the market during key events....not giving anything away that is not already tracked by much bigger groups in the market.

Divergences are not the key aspect to track for using a method to track the "Supply & Demand" in the market.....the zones of actual resting inventory are the key component to learn and then track (then you will know where and when to use Divergence set ups....regular divergence, hidden divergence, or "inventory grab" set ups).

Cumulative Delta did not at all lie to me today (or any other day).......... Images | ChartHub.com

As a reference, we had a key "Inventory Grab" event on Thursday during the sell off....then on Friday pre-market we had some newly initiated LONG inventory accumulation. Here is a chart of Thursday and Friday showing this "supply & demand" activity....... Images | ChartHub.com