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This is my first time hearing about volume delta.... but from my understanding a positive delta means more market participants on the bid? And negative delta indicates participants on the ask? I did grasp a picture of the concept and it sounds very interesting in order to pinpoint exact price levels of support and resistance. I will need to look into the software vendors for this.
I rely on tape reading alot on my pivot point trading so I am able to time my entries alot better than most traders. But this type of volume analyis can definitely help identify key levels.
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James Lee
TradersLaboratory.com
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