1 TICK TEST http://futurestrader71.com/wp- content/uploads/2015/10/1-tic- test.png "ALGO EXECUTING" AUCTION MARKET THEORY BSO - BEST SCALE OUT CHVN/CLVN - COMPOSITE HVN AND COMPOSITE LVN This is a condition where the market tests the prior day's high or low or the current IB high or low by 1 tick before finding the opposing force pushing it the other way. This is generally considered a failed test of a significant area. This is an automated, algorithmic computer system executing trades at an important area. They usually have a big order that they seek to fill but they don't want to show how much is actually out there to prevent adverse movement by the market when it is recognized. The market is an Price is set through a process called "price discovery". This is where the buyers and sellers will continue to move the market in one direction or another until the opposite force is motivated enough to step in and stop the advance. The market will as high as it needs to in order to find sellers or as low as it needs to in order to motivate buyers to see it as "relatively cheap". This represents the maximum number of points where profits were taken on a given trade. These are derived from the composite profile rather than an intraday profile. They show a range of prices where there is a particularly high or low amount of volume creating a bulge or dip in the profile.
COMPOSITE PROFILES http://futurestrader71.com/wp- content/uploads/2015/10/GlossaryComposite.png CUMDELTA - CUMULATIVE DELTA DDLVN http://futurestrader71.com/wp- content/uploads/2015/10/10-25- 2012-8-35-23-AM.jpg DELTA- BUYER/SELLER DELTA http://futurestrader71.com/wp- content/uploads/2015/10/zrclip007n17dfcf83.png DOM - DEPTH OF MARKET This is a volume profile that includes data of more than one session. I only have interest in profiles of data occurring during regular trading hours. Sometimes, the big picture requires me to see what is happening over several sessions to determine high volume areas, low volume areas and significant multi-session VPOC's. They are not based on a fixed time frame or number of days. They are based on the high or low of a rotation I'm trying to get volume information on. Please understand and distinguish the difference. This is the sum of all of the Delta values since the start of the session. This separates 2 high volume distributions on a Double Distribution day. This is a key area to note. This describes the quantity of contracts bought at the offer minus sold at the bid. It simply measures the "aggressiveness" of buyers versus sellers. How does this work? If I was not a motivated seller, then I would put a limit offer out and wait for the market to come to me. I am not aggressive. If I were motivated, however, I would reach down to the bid and hit to enter the market without delay. This describes the LEVEL 2 data screen representing the bids and offers in the market. For the ES, there are 10 bid levels and 10 ask levels.
DOUBLE DISTRIBUTION DAY EXPECTING A FLUSH FAILED AUCTION