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  • #681
  • Edited 8:42am Mar 24, 2022 8:18am | Edited 8:42am
Quoting CodyEDI
I am currently using Heiken Ashi to determine the best exit point and maximize gain. {image}
Hi Cody

What we find is each day the markets have a different ATR value and therefore our take profit target needs to match the day percentages. This way we can trade most swings and hit our targets most times without getting caught in any draw down.

I just took another long on XRPUSDT where my take profit was 0.15% increase in equity - which is less than a third of the average swing.
This is more than enough for one reason, a pair like XRPUSDT offers +30 signals even on a bad day.

Doing the sums that's 30 x 0.15% or a potential 4 to 5% increase in equity every day if we like sitting at the computer for 1/2 day.
Yesterday I achieved an increase in equity of 4%, today it will be less as I'm busy trading other markets.

Looks like I am up only 1.6% at present but that's far more than anyone needs anyway.

Getting back to the strategy, we only enter if the delta flips regardless of MA's or stoch signals.

DELTA IS KING - we stay in till take profit has been hit or the WALL tells us to stay longer
Attached Image (click to enlarge)
Click to Enlarge Name: xrp.jpg Size: 119 KB
Trading thin liquidity at the boundary of the charts
  • #682
  • Edited 11:24am Mar 24, 2022 10:51am | Edited 11:24am
Also Rick forgot to say that we are searching for the secret "CAT" formation

Attached Image

Observer effect
  • #683
  • Mar 24, 2022 11:35pm Mar 24, 2022 11:35pm
Quoting ryuryu
Also Rick forgot to say that we are searching for the secret "CAT" formation {image}
dang Ryan it was my secret billion dollar batman pattern, why you shouted it everyone.

Are you focusing these days crypto only ?
  • #684
  • Edited 2:32am Mar 25, 2022 1:06am | Edited 2:32am
Quoting kk100
{quote} dang Ryan it was my secret billion dollar batman pattern, why you shouted it everyone. Are you focusing these days crypto only ?
The funnies thing was how she was wagged her tail i missed to record video, it was really like a cat

Yes, I'm trading only crypto these days. I'm learning python and pine script and making bots and scripts. I have a lot of stuff for mt5 and in php for crypto, so I just adapt it and improve. Crypto has API, so it is much easier to use python on javascript to code any logic you want. Also python and js are very popular languages. The same time mql5 is useless. So better to learn py or js instead of wasting time for mql.

Also, there are rebates on crypto market. So instead of paying commission, you earn. That give huge advantage. I can say, that the difference is very big.
There was exchange named bybit, they have 0.025% rebates, so +0.05% per turn. That was awesome. Then they removed it and make 0.01% fee, so 0.02% per turn.

If forex has -5.5$ per turn, which is -0.0055%, then here we have -0.02%. Yes there is no spread on crypto, but on EU there is no spread on forex too for example. In this case forex is 3.6 times cheaper.

So, I have moved to another exchange, they give +0.01%, so +0.02% per turn. In this case on forex I spend -5.5$ for every 100k turnover, on crypto I earn +20$. This is very big difference. The stats are totally different. Like you can earn or 1000$, or 28000$ trading same way, same time etc. Many people even never think how much we pay as fees.
Observer effect
  • #685
  • Edited 1:44pm Mar 25, 2022 1:31pm | Edited 1:44pm
Quoting ryuryu
{quote} The funnies thing was how she was wagged her tail i missed to record video, it was really like a cat Yes, I'm trading only crypto these days. I'm learning python and pine script and making bots and scripts. I have a lot of stuff for mt5 and in php for crypto, so I just adapt it and improve. Crypto has API, so it is much easier to use python on javascript to code any logic you want. Also python and js are very popular languages. The same time mql5 is useless. So better...
Yes its steep, and if you think the added to markup too.
Couple weeks i have traded my ancient method, lot of windows,lines,colors,blinking numbers, two screens, one is for follow majors, and other one execute trades. it does make less trades. Comparing using delta. I dont need two or three timeframes for same and better accuracy. All overdose of information, which have to process really fast, and entries missed because of that.


Evolution always try to minimize effort of energy used.

python offcourse Ryan, i will never forgive you if you start learning cat cafe bean sh... from island ja..
dont let pattern fool you with waving tail. it is a hole. worst than rabbit.

Thank you for enlighting info about crypto, would like to learn it,
life is too short and have to share time for other side of life. Have to party. when we can.
  • #686
  • Edited 5:36pm Mar 27, 2022 9:50am | Edited 5:36pm
Its Sunday night, back in my Harry Potter PJ's and I see a trade.

My computers blowing its bells, its calling me over for a setup - BUY
I hassliy put down my forth skinny late of the evening down and study the setup.
Time is 9pm, I decide its such a good setup - I'll go hard.

12 times average Size, no need to worry about a stop because I'm just not going to lose this setup in 100 years.
Over goes the coffee cup all over the mouse matt.

Shit

I'll clean it up after the trades being placed on the market.
I had to move my second laptop from the table while I cleaned up - just like my trade was doing to the market.

OK - closing the trade at 9.13pm for a nice profit - +1.76% XRPUSDT in a single trade suits me.

Day is done, back to the coffee machine.

In the background, my computer hums away looking for more setips, I don't care.
I just want my coffee
Attached Image (click to enlarge)
Click to Enlarge Name: tape.jpg Size: 139 KB
Trading thin liquidity at the boundary of the charts
  • #687
  • Mar 27, 2022 7:33pm Mar 27, 2022 7:33pm
Quoting RickM
Its Sunday night, back in my Harry Potter PJ's and I see a trade. My computers blowing its bells, its calling me over for a setup - BUY I hassliy put down my forth skinny late of the evening down and study the setup. Time is 9pm, I decide its such a good setup - I'll go hard. 12 times average Size, no need to worry about a stop because I'm just not going to lose this setup in 100 years. Over goes the coffee cup all over the mouse matt. Shit I'll clean it up after the trades being placed on the market. I had to move my second laptop from the table...
I don't have all the bells and whistles that you have but I do have an excel percentage alert for GBPUSD -
Attached Image (click to enlarge)
Click to Enlarge Name: otA8g5S.png Size: 20 KB
Now I'm going out for a good big American breakfast down town.
  • #688
  • Mar 27, 2022 8:45pm Mar 27, 2022 8:45pm
Quoting mixedbags
{quote} I don't have all the bells and whistles that you have but I do have an excel percentage alert for GBPUSD - {image}Now I'm going out for a good big American breakfast down town.
If your’e making money, that’s great. Looks like you nailed that one.

Where’s your coloured lines gone?

Seems like we don’t need them do we when we trade within the wick areas containing low liquidity.

The area where big players can’t touch us

Trading thin liquidity at the boundary of the charts
  • #689
  • Mar 27, 2022 11:51pm Mar 27, 2022 11:51pm
Quoting RickM
{quote} If your’e making money, that’s great. Looks like you nailed that one. Where’s your coloured lines gone? Seems like we don’t need them do we when we trade within the wick areas containing low liquidity. The area where big players can’t touch us
MT 5 cannot use my MT 4 lines. But now use Excel to monitor the percentage (ROC).
  • #690
  • Mar 28, 2022 6:39am Mar 28, 2022 6:39am
Quoting mixedbags
{quote} I don't have all the bells and whistles that you have but I do have an excel percentage alert for GBPUSD - {image}Now I'm going out for a good big American breakfast down town.
Didn't get where is the volume data on your chart.

Your chart and entry make no sense for me.
1. Why 15m chart?
2. Why you entered on the wick?
3. Why you TP was there?

More questions than answers
Observer effect
  • #691
  • Mar 29, 2022 1:38am Mar 29, 2022 1:38am
Quoting RickM
{quote} Hi Cody What we find is each day the markets have a different ATR value and therefore our take profit target needs to match the day percentages. This way we can trade most swings and hit our targets most times without getting caught in any draw down. I just took another long on XRPUSDT where my take profit was 0.15% increase in equity - which is less than a third of the average swing. This is more than enough for one reason, a pair like XRPUSDT offers +30 signals even on a bad day. Doing the sums that's 30 x 0.15% or a potential 4 to 5%...
Hey Rick!
It's exciting to get in +30 trades in one day! If you dont mind; would you please mark more entry\close points to understand the strategy better
A couple post ago Ryan asked me (because of my screenshot) but i would love to ask you too! How you measure delta is high or low? Its seems sma lines on your delta, isnt it?
  • #692
  • Mar 29, 2022 2:48am Mar 29, 2022 2:48am
Quoting ryuryu
{quote} Didn't get where is the volume data on your chart. Your chart and entry make no sense for me. 1. Why 15m chart? 2. Why you entered on the wick? 3. Why you TP was there? More questions than answers
I don't have volume, just percentage (ROC) in excel which alert me.
Attached Image (click to enlarge)
Click to Enlarge Name: bMUjGeM.png Size: 26 KB
One trade Asian session One London session.
Do you have this chart with volume and delta, would love to see it, and learn from you.
  • #693
  • Mar 29, 2022 12:07pm Mar 29, 2022 12:07pm
Quoting ryuryu
Also Rick forgot to say that we are searching for the secret "CAT" formation {image}
The trees told me that one day the CAT formation will come and we will make a lot of good trades.
  • #694
  • Edited 5:38pm Mar 29, 2022 4:30pm | Edited 5:38pm
Quoting stevehunt
{quote} Hey Rick! It's exciting to get in +30 trades in one day! If you dont mind; would you please mark more entry\close points to understand the strategy better A couple post ago Ryan asked me (because of my screenshot) but i would love to ask you too! How you measure delta is high or low? Its seems sma lines on your delta, isnt it?
Hi Steve

In a Nutshell - I just trade Delta Exhaustion.

Whethers its Order flow on Motive Wave trading futures, or Ryans Delta Indy on Tradingview where I trade Crypto - its all the same.
No coloured lines, no MA's, no Stoch, no diamonds - just Delta's relationship to volume.

As an example, the chart below is XRPUSTD which is my primary Crypto market I trade. The light grey bars in the delta indy on the top side is real volume data coming out of Bybit Platform. I count the units bar by bar then use a ratio to see what percentage the delta bars are being produced. I ask myself is the order book balanced or imbalanced or is it being destroyed by aggressive traders attacking one side of the order book making it barren.

If one side of the order book is being annihilated - I tend to get a bit excited.
That means a large percentage of market orders in a single candle are only bids or asks, they are being removed faster than its possible to replace them.

In units, base average Volume is under 200K per 60 seconds, exhausion of Delta occurs over 500K per minute.
The Delta units on that bearish move created numbers in excess of 1 Million per 60 seconds - thats ANNIHILATION of Bids.

We need to see the Delta flip before we enter, ideally trading when volume is collapsing.
As you can see from the chart, Volume is expansion of Delta and expansion of Price.

Yesterday, there were far more than 30 setups offered - more like 50.
Attached Image (click to enlarge)
Click to Enlarge Name: xrp long long.jpg Size: 181 KB
Trading thin liquidity at the boundary of the charts
  • #695
  • Mar 29, 2022 4:45pm Mar 29, 2022 4:45pm
Quoting ForexRM
Wow, XAU/USD truly is the most volatile pair around. After such an insane drop to 1890, it has recovered almost everything and looks to restest today's opening price. What do you guys think of such movements? What does this price action typically mean; can someone please enlighten me? Thank you.
Now you are getting me upset.


I was sitting on the Dunny when I heard my Computer alarms going crazy. Gold had spiked down to 1898 then retraced back bullish.
Delta was prefect, Volume was prefect - but I was wiping my arse and missed it.

Later it dropped down lower but I was in bed, missed it again.

Yes - Gold is a Market I watch all day and provides me with many trading opportunity's.

What do I think? - Gold has lower absorption than Forex markets meaning Delta is very easy to read and trade.
Trading thin liquidity at the boundary of the charts
  • #696
  • Edited 11:46pm Mar 29, 2022 11:29pm | Edited 11:46pm
Quoting RickM
{quote} Now you are getting me upset. I was sitting on the Dunny when I heard my Computer alarms going crazy. Gold had spiked down to 1898 then retraced back bullish. Delta was prefect, Volume was prefect - but I was wiping my arse and missed it. Later it dropped down lower but I was in bed, missed it again. Yes - Gold is a Market I watch all day and provides me with many trading opportunity's. What do I think? - Gold has lower absorption than Forex markets meaning Delta is very easy to read and trade.


I have to add only, that the difference between, let's say, gold and btc is that on forex market there are very few limit orders used. No one care about liquidity, because everything is fake. That's why market and limit orders have the same commission. That's why there is no need to be a market maker - 99% are takers. The finniest thing is to try to answer the question: from whom they are" taking" then haha?

But we are talking about the difference, so thats it: volume and delta easy readings on real markets, where real makers and real takers. On fake "drawn" market with aggregated "tick" data it is not easy and even impossible. Even if to check CME recent trades data and orderbook - it looks like not the same. For example there are no "walls" like on crypto. But "walls" are just great. You can be pretty sure where to set your TP or where the price will bounce. And so on.


p.s. people ask me why I'm so quiet these days. My favorite exchange bybit changed their fee structure. So instead of rebates for market maker now we have fees. That make no sense to trade on that exchange anymore. So I'm moving to binance with their BUSD, where we have 0.01% * 2 rebates per turn. But to do it I have to rewrite, test and setup my trading bots and utilities.

Second big thing is that on crypto I have API from exchanges and I have direct access to the recent trades (orderflow) data. So I can have real volume and real delta, not the one from tradingview, where the calculations are not the same: they use not real buys and sells, but "volume", but it is not equal. So I need to make custom charting system to be able to use correct real data for that. Or just use it with no visual in my bots. Anyway that's why I'm busy this days.
Observer effect
  • #697
  • Mar 30, 2022 6:18am Mar 30, 2022 6:18am
@RickM ,the 3 lines on your chart [ bollinger bands??? ] do they serve a purpose when you trade?
  • #698
  • Mar 30, 2022 6:45am Mar 30, 2022 6:45am
Quoting ForexRM
Hello Ryan, I thank you for your awesome thread. Just a question, do you consider XAG/USD or XAU/USD to be more volatile?
Hi ForexRM!

I tried XAG few times, it looked like it was not so volatile + the spread was much wider than on XAU. So I stopped trying it. May be something changed already since that time. Better to check.

What I call great entry:

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 141 KB

The key is that there is no static value ever. All the data is dynamic and depends on market conditions.

BTW this screen shot is a great example why OHLC trading and OHCL indicators sucks. Check that fancy "signals" on main chart. They all fail.
And then compare with delta approach signals. They all good. That is the difference between drawing stupid lines and math.
Observer effect
  • #699
  • Mar 30, 2022 7:16am Mar 30, 2022 7:16am
Quoting ryuryu
{quote} Hi ForexRM! I tried XAG few times, it looked like it was not so volatile + the spread was much wider than on XAU. So I stopped trying it. May be something changed already since that time. Better to check. What I call great entry: {image} The key is that there is no static value ever. All the data is dynamic and depends on market conditions. BTW this screen shot is a great example why OHLC trading and OHCL indicators sucks. Check that fancy "signals" on main chart. They all fail. And then compare with delta approach signals. They all good....
Wow Ryan!
Now, you are using cumulative delta! Its amazing progress that you develop your strategy and take it further each time. It's hard to catch you!
  • #700
  • Mar 30, 2022 7:26am Mar 30, 2022 7:26am
Quoting stevehunt
{quote} Wow Ryan! Now, you are using cumulative delta! Its amazing progress that you develop your strategy and take it further each time. It's hard to catch you!
The problem was that CD CumDelta indicator is awful peace of something strange That's why I was curious how people use it. And what I must see there? I tried, many times. But failed.
And then few days ago one good trader asked me if I can create Cumulative Delta indicator for trading view. I did it in 5 mins, because it is the same like my distance indi and delta indi. And wow, I realized that now it is all I need! Now it make sense, and I can "read" it. And best of the best that my algo can read it too! So now I'm using CumDelta too
Observer effect
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