Daytrading/Scalping in Crypto markets | Page 8 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Similar Threads

If you make money, does Oanda make money? 35 replies

Virtually nobody is making money on Oanda accounts 103 replies

Can some one make some changes in this trendline indicator please? 5 replies

Bulls make money, Bears make money. And Pigs get slaughtered. 12 replies

Attachments: Daytrading/Scalping in Crypto markets
Exit Attachments

Daytrading/Scalping in Crypto markets

  • #141
  • Oct 18, 2021 1:09am Oct 18, 2021 1:09am
Quoting LidBizzKid
{quote} Hi Hline, How do you quickly calculate your lots with so many orderbooks opened? Thanks in advance
Hi LidBizzKid,

Sorry i missed this post.
Im not yet into the calculation mode yet since im just starting out. I used the minimum size for all instruments but like Machinator advised, when i thought to see a really good setup (high volume, short stop) i simply clicked twice (so had two orders opened instead of one)

But thats just how i did it. Hope that helps
  • #142
  • Oct 18, 2021 2:30am Oct 18, 2021 2:30am
Quoting HLine
{quote} Hi LidBizzKid, Sorry i missed this post. Im not yet into the calculation mode yet since im just starting out. I used the minimum size for all instruments but like Machinator advised, when i thought to see a really good setup (high volume, short stop) i simply clicked twice (so had two orders opened instead of one) But thats just how i did it. Hope that helps
Thanks

Looks to me you are doing great

I am going to try this method. My problem is keeping risk at bay.

Regards
  • #143
  • Oct 18, 2021 9:21am Oct 18, 2021 9:21am
Retracement after the market broke down, caused by a higher level of resistance. London session trade.
Attached Image (click to enlarge)
Click to Enlarge Name: btc.png Size: 46 KB
  • #144
  • Oct 18, 2021 10:50am Oct 18, 2021 10:50am
Quoting LidBizzKid
{quote} Thanks Looks to me you are doing great I am going to try this method. My problem is keeping risk at bay. Regards
You can arrange your lots in dollars.
Attached Image

Does anyone have problems from yesterday closing his futures positions? Price goes over to tp and instead of closing it adds another position.It messed some good trades of mine and i am pissed off
  • #145
  • Oct 18, 2021 4:02pm Oct 18, 2021 4:02pm
Quoting Mike.Hatzis
{quote} You can arrange your lots in dollars. {image} Does anyone have problems from yesterday closing his futures positions? Price goes over to tp and instead of closing it adds another position.It messed some good trades of mine and i am pissed off
By pressing letter ĢEģ? I can't do that. Is there another way?

Thanks for your reply (I promise this is my last basic question)

Regards
  • #146
  • Oct 19, 2021 6:46am Oct 19, 2021 6:46am
Quoting LidBizzKid
{quote} By pressing letter ĢEģ? I can't do that. Is there another way? Thanks for your reply (I promise this is my last basic question) Regards
Not by pressing e.(what "e" does anyway?couldnt find it.)
You double click the lot size menu in bottom area and tick the "input in $" box.
Then u can define money size and not lot size. After u click enter, money is auto translated to lot size.
I did this for all open pairs once, saved the pair template as default and after that cscalp remembers the settings.
Since i am a begginer too i dont have different lot sizes. Only the first one equal to 12$.
When i decide to increase exposure i will define all the 5 volume presets and choose based on risk.
I hope that i covered your question.
  • #147
  • Oct 19, 2021 7:22am Oct 19, 2021 7:22am
Quoting Mike.Hatzis
{quote} Not by pressing e.(what "e" does anyway?couldnt find it.) You double click the lot size menu in bottom area and tick the "input in $" box. Then u can define money size and not lot size. After u click enter, money is auto translated to lot size. I did this for all open pairs once, saved the pair template as default and after that cscalp remembers the settings. Since i am a begginer too i dont have different lot sizes. Only the first one equal to 12$. When i decide to increase exposure i will define all the 5 volume presets and choose based...
Thanks you covered my question

All the best

Regards
  • #148
  • Oct 24, 2021 5:00pm Oct 24, 2021 5:00pm
Hi guys,

What is the criteria that you use to choose an instrument to capture the spread? Asking for a friend...

Thanks in advance
  • #149
  • Oct 25, 2021 12:39pm Oct 25, 2021 12:39pm
Quoting LidBizzKid
Hi guys, What is the criteria that you use to choose an instrument to capture the spread? Asking for a friend... Thanks in advance
Hi guys, not being that active as i wish i would, need some time to sort some personal stuff out.

As @Machinator said we are to look for instruments with a large spread in the DOM. You can watch the vids he posted to see.
What i also noticed is that at times when price 'ranges', like HUM at times, you can easily collect spread however not exactly how Machinator said so he better
might give an answer to this.

Take care guys, be back as soon as possible, i miss this stuff.
  • #150
  • Oct 26, 2021 2:44pm Oct 26, 2021 2:44pm
Quoting LidBizzKid
Hi guys, What is the criteria that you use to choose an instrument to capture the spread? Asking for a friend... Thanks in advance
Hi LidBizzKid.
In order to see what pairs have spead collection (S.C.) capabilities you must change decimal pricing to 1.
I havent done any S.C. at spot order book because it is difficult finding gaps that are >0.2%(spot fees).
The future order book is better i.m.o. because of lower fees.
I basically search for gaps like this. (see pic below)
Attachment g

What i find difficult is that cscalp doesnt have a spread or % difference between bid and ask price, indicator.
So i eyeball the gap if it is above 0.5% which is not something i suggest you to do.
Also difficult is the fact that limit orders dont stand calm but keep moving up and down the order book as everyone (algos and traders) tries to frontline the rest participants.
And since i am typing i have a question too.
Does anyone know why ticks appear at prices where there are no limit orders? (see pic below)
Attachment g
HLine come back man. We miss your trades
  • #151
  • Oct 26, 2021 3:47pm Oct 26, 2021 3:47pm
Thanks Mike and Hline,

With luck maybe Machinator would help us in selecting best instruments for spread collection.

All the best
  • #152
  • Oct 28, 2021 2:35pm Oct 28, 2021 2:35pm
Quoting LidBizzKid
Thanks Mike and Hline, With luck maybe Machinator would help us in selecting best instruments for spread collection. All the best
Hello guys! Hope you are doing well . The market is active so I am all in it. I had a little bit long week end, so this trading week starts for me from yesterday. Results are on the screenshots below + I have made also a little bit on Spot.

As about questions about spread/volatility collecting I can't make nothing better than share one of my colleges video. It is binance C98 Spot coin. This day I collected about 3000 USD on it.

Inserted Video



As an answer for request to recommend the best instruments for spread /volatility collecting there is no such one, they are all the best when they are active. So your job also to find them during the trading day.

Hline asked about stop loss when collecting spread/volatility. Personally I don't use S/L order and when I see a loss more than a half percent in most cases I prefer to put my closing limit order in breakeven to close and then enter again. It is also depends from the volatility In the DOM. There is no standard rules . The understanding of this can come only with practice and only practice. The only rule here when u are collecting volatility you should remember that even the most ideal situation has to be finished, so you want or no after the distribution you should slightly exit the trade,it is the best if you exit in breakeven, but be ready to give back about 1/3 you have collected.

All the best and hope see you in the glass!
Attached Image (click to enlarge)
Click to Enlarge Name: 222222.jpg Size: 62 KB
Attached Image
Success is nothing more than a few simple disciplines, practiced every day.
  • #153
  • Oct 29, 2021 11:09pm Oct 29, 2021 11:09pm
Quoting Machinator
{quote} Hello guys! Hope you are doing well . The market is active so I am all in it. I had a little bit long week end, so this trading week starts for me from yesterday. Results are on the screenshots below + I have made also a little bit on Spot. As about questions about spread/volatility collecting I can't make nothing better than share one of my colleges video. It is binance C98 Spot coin. This day I collected about 3000 USD on it. https://www.youtube.com/watch?v=6TxQNlm88uM As an answer for request to recommend the best instruments...
Thanks Machinator

What do you mean when you say find them when they are active. What do you mean by active?

When you are searching for an instrument what is the first thing that you look at?

Thanks and Regards
  • #154
  • Oct 31, 2021 5:02am Oct 31, 2021 5:02am
Quoting LidBizzKid
{quote} Thanks Machinator What do you mean when you say find them when they are active. What do you mean by active? When you are searching for an instrument what is the first thing that you look at? Thanks and Regards
Hi! U r welcome!

The instrument is active when it is moving, when there are participants who are moving the instrument up or down by their volumes as on the video above. When the DOM of the instrument is seething so it is in the game.

Moreover the charm and charm of scalping is that even on "almost death" market you can find situations to trade. Crypto market gives this opportunity .It doesn't matter what time it is -it is London ,New York or Japanese session or it is Saturday or even Sunday, you can open terminal and find adequate situations to trade to take your 0.2,0.5, 1 % profit. Like what I do right now, usually I don't trade on Sundays, it is a family day, but turn on the computer to answer a couple of massages -I noticed that participant pushing his 100k contract volume up on Step spot coin, I entered on future with 10K contracts and closed the trade with 1% profit. As it is Sunday more than enough for today))

Regards!
Attached Image
Success is nothing more than a few simple disciplines, practiced every day.
  • #155
  • Oct 31, 2021 12:54pm Oct 31, 2021 12:54pm
Quoting Machinator
{quote} Hi! U r welcome! The instrument is active when it is moving, when there are participants who are moving the instrument up or down by their volumes as on the video above. When the DOM of the instrument is seething so it is in the game. Moreover the charm and charm of scalping is that even on "almost death" market you can find situations to trade. Crypto market gives this opportunity .It doesn't matter what time it is -it is London ,New York or Japanese session or it is Saturday or even Sunday, you can open terminal and find adequate situations...
Wow! That is awesome

Many thanks for your reply

All the best
  • #156
  • Nov 1, 2021 1:27am Nov 1, 2021 1:27am
Hi there!

Nice start of a trading week. About half an hour of trading results. "A good craftsman is hungry till the afternoon'' says an old saying in my country.

Have a great trading week and hope to see u in the glass!
Attached Image
Success is nothing more than a few simple disciplines, practiced every day.
  • #157
  • Edited 4:15am Nov 1, 2021 2:07am | Edited 4:15am
Quoting Machinator
Hi there! Nice start of a trading week. About half an hour of trading results. "A good craftsman is hungry till the afternoon'' says an old saying in my country. Have a great trading week and hope to see u in the glass! {image}
Hi Machinator and others!

Great job as usual!
I've gone through some issues which affected my trading.

Currently im reviewing all new posts and watching the collecting spread/activity which i really seem to like.
Hardest thing for me is to close the trade when in loss so the post of closing when >= -0.5% is really helpful, still not easy but progressing.

So i decided to take this coming week and see that i can overcome my bad habit which will open up the door to new growths i think.
Attached Image

Not much but it contains two trades closed in loss which feels even more rewarding then profit. I keep playing with the lowest size possible
till i have confidence in myself to close any bad trades right away.

Thanks again for your feedback and help, having some guidance is awesome

Have a great day!

edit: progressing nicely. Think i take a break and re-watch the vids some more.
Attached Image


edit 2: 34 trades, 5 losers, 1 BE and 28 wins
Attached Image

im exhausted back to studying and replaying the vids given
  • #158
  • Edited 4:35am Nov 1, 2021 4:22am | Edited 4:35am
Quoting HLine
{quote} Hi Machinator and others! Great job as usual! I've gone through some issues which affected my trading. Currently im reviewing all new posts and watching the collecting spread/activity which i really seem to like. Hardest thing for me is to close the trade when in loss so the post of closing when >= -0.5% is really helpful, still not easy but progressing. So i decided to take this coming week and see that i can overcome my bad habit which will open up the door to new growths i think. {image} Not much but it contains two trades closed in loss...
Hi, Hline!

Due to my experience there is at least one axioma/established truth in this business-if you don't learn to close your losses/loosing trades ,you have no place here, sooner or earlier you will lose everything.
Growing as a trader means-you have to close your loosing trades , understand and the most important accept your loses, if you can't do these you have no chances here.

*It is already afternoon in my country and I have a great mood for a great lunch)

Keep in touch!
Attached Images
Success is nothing more than a few simple disciplines, practiced every day.
  • #159
  • Edited 6:37am Nov 1, 2021 4:58am | Edited 6:37am
Quoting Machinator
{quote} Hi, Hline! Due to my experience there is at least one axioma/established truth in this business-if you don't learn to close your losses/loosing trades ,you have no place here, sooner or earlier you will lose everything. Growing as a trader means-you have to close your loosing trades , understand and the most important accept your loses, if you can't do these you have no chances here. *It is already afternoon in my country and I have a great mood for a great lunch) Keep in touch! {image} {image}
Yes you are right but its hard to change at times.
I must admit that those losing trades today gave me more joy when i closed those and i think 3 of those i had the oppertunity to change direction right away and get the loss back already.

I 'know' i can be my worst enemy so its vital i tackle this. Thats why i concentrate on this the coming week and will increase size after that.
You are doing great!

Have a great lunch!

edit: wow, matic did reach this PL within 15 mins! Awesome

edit2:
Attached Image

26 more trades, 4 losers
making it 60 trades, 9 losers, 1 BE and 50 wins. Confidence is growing

Thanks again Machinator!

edit3: think im onto something?
Attached Image
Made 30 more trades or so, mostly wins only two -0.3% or so.

@Machinator: When you say that you try to close the trade once it goes towards -0.5%, you try to close it at BE with a limit right?
So what if it shoots through the -0.5% and never reaches your closing limit trade? Exit it asap?

Sorry if those questions are beginners questions but i would like to know. I had one -0.5% turning to a -0.7% while trying to exit on a limit
so i closed it.
  • #160
  • Nov 1, 2021 11:25am Nov 1, 2021 11:25am
Quoting HLine
{quote} Yes you are right but its hard to change at times. I must admit that those losing trades today gave me more joy when i closed those and i think 3 of those i had the oppertunity to change direction right away and get the loss back already. I 'know' i can be my worst enemy so its vital i tackle this. Thats why i concentrate on this the coming week and will increase size after that. You are doing great! Have a great lunch! edit: wow, matic did reach this PL within 15 mins! Awesome edit2: {image} 26 more trades, 4 losers making it 60 trades,...
Look Hline trading itself is a very hard and complicated job till you find your comfort zone and start not trading for money (I mean to close your and your family basic daily expenses).After this many times and all the time Market will try to push you out from this zone, so you should be ready and cooperate with this. And if you don't like/love what you do and in the market only for money ,The Market will grind you in months or even weeks. I have seen this with other even very good traders many times.

Good results, keep them up! As per your question about 0.5% stop look- it always depends from the single situation. You should evaluate the situation then start to act. Many times when I collecting spread I see 0.5% I am trying to close at BE than to reenter from a better price, many times when I see let's say buying robot in the glass but somehow I have 1-1.5% loss but the situation is still in tact I can add to a losing position because the robot is buying so the situation is still in tact, many time when I am in position but see that a robot or a participant pushing the price in different from my side direction I can close my trade with market order .As I told many times the practice will put every puzzle in its place, practice and only practice will let you evaluate any understandable situation and work it out.

* Done for today. A good start of a new trading week and a month as well. I have made aside also 2800$ on Binance spot mainly on LRC/USDT. Hline hope this numbers will motivate you to move forward faster.

Regards!
Attached Image
Success is nothing more than a few simple disciplines, practiced every day.
1 trader viewing now