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  • #101
  • Edited 5:11am Oct 2, 2021 3:19am | Edited 5:11am
Quoting HLine
Trying to find my way with the "collecting spread" thing. Find myself quite often at the wrong side of the market direction when i try to detect the "activity". Also not sure when to exit my loss with this? I tend to see all big volume as soon as i enter. Perhaps i just dont fully understand what 'activity' looks like on the transaction tape. A lot of times i see a say big red circle and i enter only to see price go up. Perhaps just buyers taking profit. And i find myself sometimes averaging into the trade what i dont want to become a habit once...
Hi Hline!

Very good you are moving up!

Here is the video of my college one of the best trader I know. It is Moex ROSNEFT share (oil company). So the situation in the DOM is the following. There is a participant robot who is buying 570 price,in the same time there is a participant who sell by the market big volume orders. So as a trader he is trying to collect this distribution in the DOM. When the situation finished- you can clearly see it in the DOM the participant on 570 price finished, he closed the rest of the position he bought and start to find a new one situation somewhere.

Inserted Video


Regards!

Another situation in the DOM closed this one right now. It is ICX I entered short on 130 k volume erosion on 1.94600. Closed with 1% profit. I entered with 20K volume because of the liquidity in the DOm. If the price went against me I have chance to close my position with small loss.

You can use this tactic and for long and for short , the erosion of a big volume works also perfectly on key levels.

Another trade of this week. I see a participant on XLM with a big volume in the Dom and entered just before him.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: XLM.png Size: 53 KB
Success is nothing more than a few simple disciplines, practiced every day.
  • #102
  • Oct 2, 2021 3:38am Oct 2, 2021 3:38am
Quoting tuugii0313
Hello everyone, Thank you @Machinator for introducing us to this scalping method. Last 3 days i studied the cscalp and did some small trades, I think, now I'm getting the hang of it. Thanks @HLine, your trade examples also helped me. {image} Later I will post some trade examples.
Hi!

Glad to see new participants in the thread! Welcome !

As you and others can see the DOM trading is not about theory but the practice! Keep it up!

Regards!
Success is nothing more than a few simple disciplines, practiced every day.
  • #103
  • Oct 2, 2021 3:41am Oct 2, 2021 3:41am
Quoting Mike.Hatzis
HLine lets say u see 150k sell limit orders at a certain level and the price is nearing them.Ofc the sell limit orders dont remain steady at 150k but lets say u do the maths inside your head and u think 150k is the average. One third of 150k is 50k. So when the price reaches this density and the sell limit orders number drops to 50k (a.k.a. the volume is eaten) and there is enough momentum a breakout will happen. Thats what i made out of it. Ofc what i find troublesome too is that there is a lot of spoofing and the densities keep changing levels....
Yes ,my friend ,you noticed (very good job!) that there is a lot of spoofers and other participants like that in the DOM your job also is work with them. Keep your work up!

Regards!
Success is nothing more than a few simple disciplines, practiced every day.
  • #104
  • Oct 2, 2021 3:45am Oct 2, 2021 3:45am
Quoting HLine
{quote} Hi Tuugii, Well done great job! I cant comment on that to much since im starting out myself but i think you understand what to do. Today i had several big battles on the trading field and made several mistakes. Mixed shortcuts so opened long instead of short, pressed ctrl when trying to record my trade which closed my positions, averaged down so i think i will step aside for some time till i have figured out how to properly close my losers. Cant seem to understand when the volume is eaten. {image} Though ended in green, im not content due...
The first 1 dollar and then 1 and a half dolars .My congrats HLINE! You are moving in the right direction!

My applause!
Success is nothing more than a few simple disciplines, practiced every day.
  • #105
  • Edited 7:21am Oct 2, 2021 6:21am | Edited 7:21am
Quoting tuugii0313
Hello everyone, Thank you @Machinator for introducing us to this scalping method. Last 3 days i studied the cscalp and did some small trades, I think, now I'm getting the hang of it. Thanks @HLine, your trade examples also helped me. {image} Later I will post some trade examples.
Look here. Coin XTZ right now ,the participant put 500k contract limit order on the 7.2000 price.I see on the the chart , and my analyzes told that the price was going to make higher high. I entered long with 25k contracts just before him .The volume was real and the participant wanted to be filled at this price. In the same time bitcoin had a strong short impulse. I closed my long when about 80% of the participant's volume had been eaten. If price went to my direction I would make at least 1000-1500$ profit. I closed my position with the small possible loss(about 120 dollar), but it was a good trade. After, when on the price 7.2000 remains 40k contracts , another participant push the price 1.5% higher with 80000 contracts, but I was out from the position. .Yes it is really offensive, but you are trader and your job also have to work out with the situations like this.

Regards!
Attached Image (click to enlarge)
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Success is nothing more than a few simple disciplines, practiced every day.
  • #106
  • Oct 2, 2021 8:08am Oct 2, 2021 8:08am
https://www.forexfactory.com/thread/...88#post7205488

)))))))) This was so long ago....

And this is my actual one
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Success is nothing more than a few simple disciplines, practiced every day.
  • #107
  • Edited 6:17am Oct 3, 2021 4:00am | Edited 6:17am
Quoting Machinator
{quote} Hi Hline! Very good you are moving up! Here is the video of my college one of the best trader I know. It is Moex ROSNEFT share (oil company). So the situation in the DOM is the following. There is a participant robot who is buying 570 price,in the same time there is a participant who sell by the market big volume orders. So as a trader he is trying to collect this distribution in the DOM. When the situation finished- you can clearly see it in the DOM the participant on 570 price finished, he closed the rest of the position he bought and...
Hi Machinator,

thanks for all your feedback, i know i have some new pieces of the puzzle.
When you say "It is ICX I entered short on 130K volume erosion on 1.94600..." did you refer to the blue circled marking on your pic (i did mark it below)

Im a bit confused though since this is the clusters panel and it lists the volumes realized at those levels, or am i wrong?
Did you pay extra attention to this level since it has two times the most traded volume at this (1.94600) level in the clusters panel?
Attached Image (click to enlarge)
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Perhaps i will step back this week since im having a hard time following the last posts and vid, must be me. Somehow its confusing me and i tend
to mix up the clusters and order book.
Also i seem to have an issue locating the big volumes in the DOM like you easily can recognize, perhaps i should look out for the cluster levels where most volume
was traded as a starting point?

Nice monitor setup by the way but im not yet ready to monitor 80+ DOMS

Have a great day and keep those charts coming, finally one time it will click in my peanut head brains...

edit: results, to many times i picked the wrong levels which made me add another lot to average down...not that good
Attached Image
  • #108
  • Oct 4, 2021 12:26pm Oct 4, 2021 12:26pm
Quoting HLine
{quote} Hi Machinator, thanks for all your feedback...
HLine (about icx) machinator means that he was shorting the 130k volume of limit orders @ 1.94600.
Cluster shows that 130k limit order density took 107k more selling than buying to break/erode/be eaten.
130k - 107k =23k withdrew their orders when price reached this level.
And now that i think of it, is cluster volume a way of knowing if a density actually eroded?Because sometimes it feels that participants withdraw their limit orders.
  • #109
  • Oct 5, 2021 5:08am Oct 5, 2021 5:08am
Quoting Machinator
One more example from yesterda's trade. It is spot Cope/Usd. The participant was trying to realize 175000 contracts in the DOM.I entered with him with 1996 contracts(about 8000 volume) and closed the trade with about 6% of profit (about 400 doolars). Regards! {image}
This is something if find confusing. "The participant tried to realize 175K in the DOM" - but to me the price is a bit away from it?
Are you looking at this and think something like 'a big size order below me, so i will go long and close it when either this 175K trade gets replaced or eaten'?

At times i think i fully understand but then one trade later im down to earth again. I guess i will have to watch more DOMS since
i cant tell when a robot it buying/selling and struggle to identify big volumes.

i feel im making it to difficult again... just want this to start to work for my family

Attached Image

Im working my way through the top x assets and when i think i see something (and thats the thing, i always see something...) i jump in.
  • #110
  • Oct 5, 2021 5:10am Oct 5, 2021 5:10am
Quoting Mike.Hatzis
{quote} HLine (about icx) machinator means that he was shorting the 130k volume of limit orders @ 1.94600. Cluster shows that 130k limit order density took 107k more selling than buying to break/erode/be eaten. 130k - 107k =23k withdrew their orders when price reached this level. And now that i think of it, is cluster volume a way of knowing if a density actually eroded?Because sometimes it feels that participants withdraw their limit orders.
Thanks Mike,

I will go over the post and let your explanation sink in!

edit:
Not sure if you can use the clusters like that. One cluster block is in this case 5 mins so price jumps up and down filling orders at different levels but also this particular level. So if we saw 130K volume and 107 is realized, it could mean 23 withdrew but at the same time, during the bar this particular level will have additional orders filled so i guess the original 130K could be well above at the end of the bar but we never know i guess.

Perhaps i better step aside and let the pro's answer this, i might make it to difficult.
  • #111
  • Oct 5, 2021 10:01am Oct 5, 2021 10:01am
Not sure if this makes sense and/or is correct, but i played this setup almost 8 times within several mins which felt like seconds.

Saw huge volume on the DOM but on the spot for SHIB after i saw it made a new top. This volume was around 0.xxx1830 level so i
waited for price to come up to around 1830 and entered with smallest size and exited with 1% each.

Idea, at least how i interpret it, is that big volume is above waiting to get filled or at a better price so i got 'momo' behind me. At the time i noticed and
played it the volume didnt got reset so figured worth a try.

Stop was at 1840 but lucky for me those were not hit.

Attached Image (click to enlarge)
Click to Enlarge Name: SHIB.png Size: 271 KB
  • #112
  • Oct 7, 2021 2:15am Oct 7, 2021 2:15am
I dont mean to hijack your thread Machinator but run in some question.

The below image displays the Cscalp Dom as well as the Quantower Dom. Reason being im trying to spot the tape for robots
so i can figure out an edge how to trade along side with them.

Now in this pic i noticed a recurring sell size of 2.8 mln lots traded at some interval (not that far yet that i can determine the interval used),
which i think was around 3 seconds or so.

However in the vid on the CScalp channel they talk about looking for bots with volume which can bring down/up price by some percent.
To me this seems quite small than, the 2.8 mln? Or due to the interval, i did see it coming in like 12 times within 1 min or so, its a good thing to go short with them?

Sorry if my question makes no sense, just trying to learn this.
Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: dbcbdbe006186ab6d6a23f4b8d34d453.png Size: 213 KB


ps: I displayed the Quantower dom since then i see the last volume because a lot of times the volume circles overlap and i have a hard time seeing it
while learning this.
  • #113
  • Edited 3:00am Oct 7, 2021 2:34am | Edited 3:00am
Quoting HLine
{quote} Hi Machinator, thanks for all your feedback, i know i have some new pieces of the puzzle. When you say "It is ICX I entered short on 130K volume erosion on 1.94600..." did you refer to the blue circled marking on your pic (i did mark it below) Im a bit confused though since this is the clusters panel and it lists the volumes realized at those levels, or am i wrong? Did you pay extra attention to this level since it has two times the most traded volume at this (1.94600) level in the clusters panel? {image} Perhaps i will step back this week...
Hi ,HLIne!

I decided to post 1 time a week on Saturdays when the market usually is not so active ,but I feel it is not enough, so lets try twice a week.

Hline just clear your mind and accept that everything is so clear and simple(I mean situations ) that you even don't need to strain. ICX situation -it was volume on the price 1.94600 ,participants started to eating/ero it and I entered short for this price break out and put my closing limit orders lower, that's all!. No magic, don't think too much just trade.

Today's first trade(screenshot #1 on SLP coin. Participant trying to realize big volume in the DOM 10m contracts. He put this volume on 0.090000 price .The volume was real and participant wanted to be filled at this price. I entered just before him 700k long ,and close my position with about 0.8% profit.

Second trade participant put 6m limit order to sell ,I entered before him 300k contracts and close my position in profit. (Screenshot 2)

Third trade I entered with participants on eating/erosing 6M contracts volume,and close my position in profit.(Screenshot #3)

I thinks I have English problem ,so that's why my explanations are not always so clear,but believe me I am trying to do my best.

Regards!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: SLP2.png Size: 53 KB
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Attached Image
Success is nothing more than a few simple disciplines, practiced every day.
  • #114
  • Edited 3:14am Oct 7, 2021 2:41am | Edited 3:14am
Quoting HLine
Not sure if this makes sense and/or is correct, but i played this setup almost 8 times within several mins which felt like seconds. Saw huge volume on the DOM but on the spot for SHIB after i saw it made a new top. This volume was around 0.xxx1830 level so i waited for price to come up to around 1830 and entered with smallest size and exited with 1% each. Idea, at least how i interpret it, is that big volume is above waiting to get filled or at a better price so i got 'momo' behind me. At the time i noticed and played it the volume didnt got reset...
Hline too many charts. We are scalpers so the DOM for us is always primary. I have a task for you-just close all the charts you have and put in front of you only DOMS with 5 min clusters and try to trade a couple of days this way, I am sure you will succeed and find the answers on all your questions.

P.S good idea to have also spot's DOM near. Any future is a derivative from a main active-Spot. Many times when I see a move but don't understand why it is moving I open spot chart(also other exchanges spot DOM) and trying to understand the cause of the move.

Good job Hline! I haven't told about that but you have come to it by yourself! Very good ,you are moving forward!

PSS. If you are controlling your risks and making money that's unequivocally means you are right!

Keep in touch!
Success is nothing more than a few simple disciplines, practiced every day.
  • #115
  • Edited 10:33am Oct 7, 2021 6:50am | Edited 10:33am
Quoting Machinator
{quote} Hi ,HLIne! I decided to post 1 time a week on Saturdays when the market usually is not so active ,but I feel it is not enough, so lets try twice a week. Hline just clear your mind and accept that everything is so clear and simple(I mean situations ) that you even don't need to strain. ICX situation -it was volume on the price 1.94600 ,participants started to eating/ero it and I entered short for this price break out and put my closing limit orders lower, that's all!. No magic, don't think too much just trade. Today's first trade(screenshot...
Hi Machinator!

First of all, i really appreciate the effort you put into this and try to get us on track but please reply when its convenient for you.

I think i have a lot to learn but the above is something like this? I recorded a trade and will post the pics here of that trade.

First i spotted a high density node on the DOM (i looked at SLP since you posted it):
Attached Image (click to enlarge)
Click to Enlarge Name: step 1.png Size: 284 KB


Next i waited to see what was going on, and waited to get filled just above this high density:
Attached Image (click to enlarge)
Click to Enlarge Name: step 2.png Size: 303 KB


Bad thing is that i didnt set the SL right below this high volume since i was a bit uncertain about it.

Then price went up till approx +0.3% and i should have closed it but didnt.
Price came back to eat the density with almost 80%

I did set a limit sell at my entry and got out at break even:
Attached Image (click to enlarge)
Click to Enlarge Name: step 3+4.png Size: 317 KB


See the SLP in the summary that it closed at BE among the others.
Attached Image


Is this more or less what you intended?

Going off now but will study more when i get back home.

Thanks again, have a great day!

---
update:

One more question, before i forget but please reply only when you are having some spare time and are up for it.

Same asset, SLP:
Noticed high volume 6 million which got repositioned once. I did setup my entry (10 lots) and found 2 targets (though i can only use one with min lotsize)

Next i waited for price to come towards my pending limit. It came one level below it before it went to hit my TP1.
My question is, do you let your pending limit sell stay as long as the large volume stays or do you remove the pending after some time?
Attached Image (click to enlarge)
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  • #116
  • Oct 7, 2021 10:33am Oct 7, 2021 10:33am
Hey Machinator, do you know if CScalp can be used for future currencies as well?
I checked all the broker in the software's list and none has currencies available.

Cheers.
  • #117
  • Oct 8, 2021 5:59am Oct 8, 2021 5:59am
Quoting Machinator
{quote} Hline too many charts. We are scalpers so the DOM for us is always primary. I have a task for you-just close all the charts you have and put in front of you only DOMS with 5 min clusters and try to trade a couple of days this way, I am sure you will succeed and find the answers on all your questions. P.S good idea to have also spot's DOM near. Any future is a derivative from a main active-Spot. Many times when I see a move but don't understand why it is moving I open spot chart(also other exchanges spot DOM) and trying to understand the...
Hi Machinator,

I tried to do that (only the DOM with 5 min cluster visible), got to get used to that. Somehow i was either late to spot any opportunity or
i didnt see it yet.

What i do think to see from your postings is that when you say 'its simple' is that once price nears a big volume we intend to trade away from it.
Once the volume gets eaten, we can go the opposite direction.
Say we have 10 million on level 1.88345 and price comes down to it (so we think long at the moment) we can start a trade one level above this volume.
Stoploss below it.

So if price eats like 70%, we can close the long trade but also we can look for a short trade since it ate 7 million which actually makes some sort of imbalance to the downside?!

This is my result for the day so far:
Attached Image

Have a great day!
  • #118
  • Edited 2:23am Oct 9, 2021 1:56am | Edited 2:23am
Quoting HLine
{quote} Hi Machinator! First of all, i really appreciate the effort you put into this and try to get us on track but please reply when its convenient for you. I think i have a lot to learn but the above is something like this? I recorded a trade and will post the pics here of that trade. First i spotted a high density node on the DOM (i looked at SLP since you posted it): {image} Next i waited to see what was going on, and waited to get filled just above this high density: {image} Bad thing is that i didnt set the SL right below this high volume...
Hi Hline!

Everything is great and right besides your trading volume- it is too small for this ideal situation. Why the situation is ideal- because you have a point in the DOM to close your trade with the smallest loss which is possible. Anyway you worked out this situation ideally when closed your trade on a participant's volume. Even you didn't earn money - this is ONE PERFECT TRADE. Keep it up!

As about to put or not Stop loss order, it is up to you. Personally I use it very very rare, because I always manage anyone of my trades, and closing by hand even if the big volume eat with one tick/print is better than by stop loss because in 90% of time you will be closed by slippage.

As about the price went 0.3% then come back to the volume -standart situation. Let's think how you can work out it. I called this collecting the volatility/spread near the volume. What this mean. As you have very short stop point in the DOM you can try trade this with increased volume. Lets say your first trading volume is equal to 100 dollar per position. The situation in the DOM and on the chart is good and you are expecting then the price will go farther 1% or more. So you entering the position with 2X trading volume. With one trading volume you are collecting volatility near the volume in the range of 0.2-0.5%(1,2,3,5 10, 50 of times) and leaving the second one for farther move. Using this technique you are scalping the volatility/spread near the volume and waiting for the farther price move. And even if the volume will be eaten and you close your last trade in breakeven or by S/L you will be still in not bad profit.

*+ As the big volume in the DOM exists the situation is still in tact. If you use S/L you can enter the trade with the minimum possible volume broker allowed, then put your S/L order and put your pending\limit orders above/below the participant's big volume. So when your limit orders near the big volume will be filled ,they will be still protected with S|L order.

Hline hope you understand the logic, if not feel free to ask again.
Success is nothing more than a few simple disciplines, practiced every day.
  • #119
  • Oct 9, 2021 2:04am Oct 9, 2021 2:04am
Quoting HLine
{quote} Hi Machinator, I tried to do that (only the DOM with 5 min cluster visible), got to get used to that. Somehow i was either late to spot any opportunity or i didnt see it yet. What i do think to see from your postings is that when you say 'its simple' is that once price nears a big volume we intend to trade away from it. Once the volume gets eaten, we can go the opposite direction. Say we have 10 million on level 1.88345 and price comes down to it (so we think long at the moment) we can start a trade one level above this volume. Stoploss...
Very very Good !

Not everytime but sometimes I reverse my trade on eating up of the volume .It depends of how intensive participants eating up this volume, bitcoin impulse/direction and etc.... With more practice you will understand when you can try and when it is better to smoke in the sidelines.

Have a nice weekend!
Success is nothing more than a few simple disciplines, practiced every day.
  • #120
  • Oct 9, 2021 2:11am Oct 9, 2021 2:11am
Quoting jojofx
Hey Machinator, do you know if CScalp can be used for future currencies as well? I checked all the broker in the software's list and none has currencies available. Cheers.
Hi JojoFX!

You can try to trade currencies as well as Oil,gold and other commodity futures on MOEX(Moscow exchange) using Scalp. But it is complicated and difficult. First because as in any regulated exchange you will have to prepare tons of documents, and the second because of market makers in the DOM ,they are good enough to prevent any market ineffectiveness in the DOM.

Regards!
Success is nothing more than a few simple disciplines, practiced every day.
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