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Re: ER2 and the 34ema
Once again Walter, thanks! Cool that you're name begins with a "W" eh? Just thought of that....hehe
As for the delta, since it's just showing the net difference between the bid and the ask contracts going into the market, it's pretty easy to grasp whats happening. As we head into a critical area (be it the 34ema, a market profile level or whatever) the contracts going in the movement of price start decreasing. If price is heading up, the net buying contracts starts going down. This is just signaling that the bulls lack confidence into that move and you can exploit that.
Happy trading
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