[johnw]

If I were to say to you that the LOW of the bars in ES are currently more volatile than the HIGH of the bars ....what would you make of this.

Never mind the size of the bars, but the bars are formed by Constant Volume so they are reflecting the Order Flow through the Exchange.

[humble]

Originally Posted by johnw »

If I were to say to you that the LOW of the bars in ES are currently more volatile than the HIGH of the bars ....what would you make of this.

I would make of it that price is rejecting the downside and is likely to push higher.

[johnw]

Originally Posted by johnw »

If I were to say to you that the LOW of the bars in ES are currently more volatile than the HIGH of the bars ....what would you make of this.

Never mind the size of the bars, but the bars are formed by Constant Volume so they are reflecting the Order Flow through the Exchange.

No takers, well never mind.

The reason I mention it is because there has been some discussion concerning 'Trend' ... when it starts, when it stops and how to spot it before it disappears off the map.

If you think about it, the people at the bottom of the price bar act in a manner that is somewhat different to those folks at the top of the bar and it is this difference that is of interest to me

If price is rising and making HL then it will remain trapped until it clears a Supply Zone.
When this occurs it is in 'open skies' ... please note I wrote 'clears a Supply Zone' I did not write that it penetrates a Supply Zone



This is all very well in hindsight but what about the 'hard right edge'

If price is rising it is because it is being pulled-up by new tics, each higher than the last.
This is done by the guys at the price bar high ... so imagine the surprise of the guys from the bottom of the bar when they go hurtling past ... unless something is done quickly to remedy this situation, price will enter into a spin much like a car would when it's rear end is traveling faster than it's front end.

In the same manner as the car, the price bar is spun on it's axis and even if it is still traveling upwards or sideways, the momentum has changed.

This is one very effective way you can see the end of a price wave and the formation of a new reversal wave and you can measure the speeds [momentum] and calculate their Delta to assist you

Anyway, this just a thought for some of you.

Apologies "humble" you entered your post as I was writing mine

[humble]

Originally Posted by johnw »

If price is rising it is because it is being pulled-up by new tics, each higher than the last.
This is done by the guys at the price bar high ... so imagine the surprise of the guys from the bottom of the bar when they go hurtling past ... unless something is done quickly to remedy this situation, price will enter into a spin much like a car would when it's rear end is traveling faster than it's front end.

In the same manner as the car, the price bar is spun on it's axis and even if it is still traveling upwards or sideways, the momentum has changed.

Hi johnw,

Interesting analogy. Would you care to expand on this a little bit more, as I'm having trouble visualizing what is being described in the highlighted wording?

This is one very effective way you can see the end of a price wave and the formation of a new reversal wave and you can measure the speeds [momentum] and calculate their Delta to assist you

What are you using to measure the speeds [momentum]?

[humble]

I would have thought that this topic would have garnered more interest as it is, well, interesting...at least I think it is. Being able to identify clues to changes in momentum that lead to price reversals would seem to be quite a useful tool. In any case, I look forward to hearing more of the OP's thoughts on the topic.

[TheRumpledOne]

What is your definition of "volatile"?

[Traduk]

I trade the E Mini and judging by the date of your post 15\11 you were looking at a day when on the basis of 60 min candles, the players were fighting tooth and nail to drive a corrective wave back up. The ES always fights over every bar but the attempt to regain old highs from an apparent correction spurred on buyers put the fight at every bar\candle low which only became a low because the buyers won..

The attempt to drive prices up has subsequently failed with a triangle formation (60 minute) having seen an a,b,c,d,e formation dropping through the bottom into a "C" wave.

I have studied the delta using just about every angle imaginable and maybe its just that after 25 years of trading that I cannot any longer see new things but I see no value to delta or order book studies that cannot be better seen by price observation.

I will add that I use CQG and have seen the order book via their proprietary "trade flow" and the order book is a constantly changing add, alter, cancel & replace at a speed which defies logic. I have concluded that what happened a few minutes earlier is inconsequential with only major position building by institutions as important. As their positions are built over days I do not see much value in knowing what they have done if trading the intra day time frame and if one really needs to know then the old accumulation\distribution still does the job.

[johnw]

Originally Posted by Traduk »

......................... ......................... .......................

I have studied the delta using just about every angle imaginable and maybe its just that after 25 years of trading that I cannot any longer see new things but I see no value to delta or order book studies that cannot be better seen by price observation.
......................... ....................

Gm Traduk,

If by Delta you are referring to the difference between vol bid and vol ask, then I would suggest you read my post again ... namely

''and you can measure the speeds [momentum] and calculate their Delta to assist you''

This being the case, then you are guilty of the unforgivable crime of reading through my words thus implanting an incorrect assumption within your magnificent mind.

'Delta' is a simple mathematical expression for 'difference' but it seems that it has joined a growing list of hijacked words.

What I am talking about is a phenomena of the action that is in front of every person watching price on their screen.... that is why I wrote that bar size is of no particular importance, although I do use CVBars during the session ....however this action repeats itself on weekly, daily, intraday charts.