Disliked{quote} Hi ffpriceactio Interesting handle name. No - the deltacluster data you see is bridged directly from CME, and is therefore the same data I see on my Motive Wave, Ninja & jigsaw platforms. Of course the cluster indy's are a bit crude, very basic but it's still the cheapest way in to get access to level 2 data. For $8 a month, we shouldn't complain. The rest of your post I really liked, I agree that being able to profit from momentum by reading the volume correctly should be our main game. An example last night was a nice trade I took on E...Ignored
What you described - this momentum jump - i can't do that. I prefer more like - (1) recognize the extremum position of price (overbough oversold, however not based on indicators), (2) observe some little momentum dominance in delta/price OR some kind of absorption (divergence ofdelta/price). What happens often i enter exactly at the "orderblock" formation, and price revisit this place with different outcome.
What i intend to learn from you in this thread is to learn simple routines with orderbook.