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Scalping Techniques That Work

  • #61
  • Dec 3, 2021 11:17am Dec 3, 2021 11:17am
Quoting tiborf71
I tested delta based trading.m1-h1. my experience is that there are very good times when you can make a profit .but if there is a lot of volatility, you can easily at aloss out and lose the profit you have made so fa. if the volatility is higher then the delta approach is unreliable.

I think you mistype, that is correct

I tested delta based trading.m1-h1. my experience is that there are very good times when you can make a profit .but if there are no volatility, you can easily at aloss out and lose the profit you have made so fa. if the volatility is lower then the delta approach is unreliable.

You can exploit imbalances only with huge volume. Just my 5 cents, for details you better read what RickM wrote. I have nothing to add.
Observer effect
  • #62
  • Dec 3, 2021 8:38pm Dec 3, 2021 8:38pm
Quoting de5151
The indicators. {file} {file} {file} {file} {file} {file} {file}
Hi my friend, there is any change to download your scalping to tradestation?Thanks.
  • #63
  • Dec 4, 2021 4:34am Dec 4, 2021 4:34am
Quoting ryuryu
{quote} I think you mistype, that is correct I tested delta based trading.m1-h1. my experience is that there are very good times when you can make a profit .but if there are no volatility, you can easily at aloss out and lose the profit you have made so fa. if the volatility is lower then the delta approach is unreliable. You can exploit imbalances only with huge volume. Just my 5 cents, for details you better read what RickM wrote. I have nothing to add.
I didn't write it aside.
I traded in M1 time zone until.
but if volatility exceeds a certain level, the delta approach is no longer reliable.
Yes, divegence- equalization, enter and exit.I followed
but can also be called a buyer / seller relationship.
my experience is that the delta approach gives evaluable signals only in a small time frame.M1, M5.
  • #64
  • Dec 4, 2021 4:46am Dec 4, 2021 4:46am
Quoting tiborf71
{quote} I didn't write it aside. I traded in M1 time zone until. but if volatility exceeds a certain level, the delta approach is no longer reliable. Yes, divegence- equalization, enter and exit.I followed but can also be called a buyer / seller relationship. my experience is that the delta approach gives evaluable signals only in a small time frame.M1, M5.
look at the gbp / usd chart, it will tell you when the equalization took place. if a spike appears, the delta calculation starts again for each spike.
  • #65
  • Dec 4, 2021 4:58am Dec 4, 2021 4:58am
Quoting tiborf71
{quote} look at the gbp / usd chart, it will tell you when the equalization took place. if a spike appears, the delta calculation starts again for each spike.
the delta indicates when to enter a position. if equalization is done, it will usually be indicated by a spike.
  • #66
  • Dec 4, 2021 5:55am Dec 4, 2021 5:55am
Quoting tiborf71
{quote} I didn't write it aside. I traded in M1 time zone until. but if volatility exceeds a certain level, the delta approach is no longer reliable. Yes, divegence- equalization, enter and exit.I followed but can also be called a buyer / seller relationship. my experience is that the delta approach gives evaluable signals only in a small time frame.M1, M5.
I would say that only on small TFs.
But it is very strange that you have found that big volatility makes delta works worse.
We are trading with RickM together every day and all our profits are from super-volatile extra high volume only. When the volume is low it is very hard to exploit the imbalance market issue.
Observer effect
  • #67
  • Dec 4, 2021 6:24am Dec 4, 2021 6:24am
Quoting ryuryu
{quote} I would say that only on small TFs. But it is very strange that you have found that big volatility makes delta works worse. We are trading with RickM together every day and all our profits are from super-volatile extra high volume only. When the volume is low it is very hard to exploit the imbalance market issue.
I tried different delta settings and found that the time frame was higher. the delta is not working properly. because when an imbalance develops and I open a position and wait for the balance to recover, and that happens my position is often still unprofitable.
  • #68
  • Dec 4, 2021 7:55am Dec 4, 2021 7:55am
Quoting RickM
{quote} Hi tiborf71 Forget the Delta for one moment, you need to establish what the baseline volume output is first, before understanding how to trade with Delta. Delta is the eforts of smaller traders to seek their own market direction in direct compertetion against bigger players. Sounds like a losing battle doesn't it, WILL ITS NOT. You mentioned higher Volatility being bad for Delta, you have myself and ryuryu scatching our heads and thinking "what's the man talking about, here's an unloseable trade right here in front of your eyes". Without...
Hi, Rick
I have some questions in your picture:
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I tried delta volume years ago but concluded it doesn't work.... By the way, I am also MotiveWave user. I am a bit surprised that a professional like you use this platform. I thought professionals prefer Sierra Chart or Ninja Trader.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #69
  • Dec 4, 2021 8:46am Dec 4, 2021 8:46am
Quoting heispark
{quote} Hi, Rick I have some questions in your picture: {image} I tried delta volume years ago but concluded it doesn't work.... By the way, I am also MotiveWave user. I am a bit surprised that a professional like you use this platform. I thought professionals prefer Sierra Chart or Ninja Trader.
Hi heispark

Very good question but before I can answer that, but first we need to appreciate we are now talking trading a chart with hindsight.
Its so easily to see a clear trading option after they occur, its not so easy to see in the middle of a battle.

The answer is I hesitated too long on that signal because the large "165" order game at the top of a bullish delta bar. I did not know whether it would turn back upwards or downwards for another 30 seconds - I then loss my chance to go short because I believed the run was going to collapse.

All was not loss because the trade the other way is more profitable in my opinion because a flipping of the delta on HIGH VOLUME is a 95% sure winner.
Just go really large the moment delta violently flips and the money is in the bag.

By my nature, I favour looking for conditions of extreme volume and trade primary on the delta flipping violently. These trades offer far higher profits in my opinion but a couple of traders I lock horns with during New York open are more breakout traders and tend to give me a hard time when I decline a good breakout signal.

On your second question about going long - during high volume bars I focus on the delta on the left hand side and take the long trade the instant delta flips from red to blue - after looking for signs of ASK imbalance on the imprint chart

Basically the trade setup was a bar earlier - GO BIG THEN

As for choice of trading platform, I use both Sierra Chart & Motive wave for my trade setups and just like MW better.
I actually like Quantower far more but unfortunately its full of Bugs which needs fixing.

Cheers
Trading thin liquidity at the boundary of the charts
  • #70
  • Dec 4, 2021 10:00am Dec 4, 2021 10:00am
Quoting RickM
{quote} Hi heispark Very good question but before I can answer that, but first we need to appreciate we are now talking trading a chart with hindsight. Its so easily to see a clear trading option after they occur, its not so easy to see in the middle of a battle. The answer is I hesitated too long on that signal because the large "165" order game at the top of a bullish delta bar. I did not know whether it would turn back upwards or downwards for another 30 seconds - I then loss my chance to go short because I believed the run was going to collapse....
Thank you for details, Rick. You have very unique ideas about delta volume. Most professionals I know consider volume, order flow and even DOM don't have any edge. If you're serious about order flow, why don't you try Bookmap? It's an interesting toy although I found it useless....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #71
  • Edited 10:53am Dec 4, 2021 10:34am | Edited 10:53am
Quoting tiborf71
{quote} I tried different delta settings and found that the time frame was higher. the delta is not working properly. because when an imbalance develops and I open a position and wait for the balance to recover, and that happens my position is often still unprofitable.
Different delta settings?
Delta is just simple difference...

It just like alert "hey, look, there are some imbalance, keep an eye on it". That's all. Delta itself without context is nothing. It is very importand what was before, where the price is now (distance), how fast it is goin (speed), even what is the candle size and moon cycle.
Observer effect
  • #72
  • Dec 4, 2021 10:58am Dec 4, 2021 10:58am
Quoting ryuryu
{quote} Different delta settings? Delta is just simple difference... It just like alert "hey, look, there are some imbalance, keep an eye on it". That's all. Delta itself without context is nothing. It is very importand what was before, where the price is now (distance), how fast it is goin (speed), even what is the candle size and moon cycle.
yes, but there are aids that analyze this difference and can be set to different wavelengths.
this was important to find the best time frame.
but I see that our perception of good delta application is different.
  • #73
  • Dec 4, 2021 11:06am Dec 4, 2021 11:06am
Excuse me, but when we say..scalp..what are we talking about? How many pips is a scalp? Or how long is a scalp?
Focus on what DIDN'T happen
  • #74
  • Dec 4, 2021 11:07am Dec 4, 2021 11:07am
Quoting tiborf71
{quote} yes, but there are aids that analyze this difference and can be set to different wavelengths. this was important to find the best time frame. but I see that our perception of good delta application is different.
and this adjustable wavelength allowed me to test what percentage of the equalization is achieved in different time frames.
this was important to try to hit the entry point as best i could.
and how much TP I can count on.
  • #75
  • Dec 4, 2021 3:05pm Dec 4, 2021 3:05pm
Quoting FourBarsBack
Excuse me, but when we say..scalp..what are we talking about? How many pips is a scalp? Or how long is a scalp?
A scalp to me is a brief trade designed to achieve a positive outcome without use of any take profit or stop loss setting.
The only objective is to turn a series of positive outcomes into a daily profit target within the same trading session.
The question we need to answer is are we in an conservative mood or an aggressive mood.

So it’s 0.25% increase in equity per trading session
using multiple positive outcomes (trades) if we are tentative

or

we aim for more than 1% increase in equity per trading session if we are being brave and very aggressive- basically trade like a whore.
Trading thin liquidity at the boundary of the charts
  • #76
  • Dec 12, 2021 3:50am Dec 12, 2021 3:50am
Quoting FourBarsBack
Excuse me, but when we say..scalp..what are we talking about? How many pips is a scalp? Or how long is a scalp?
In short - Forex scalping is a short-term trading strategy that attempts to make a profit out of small price movements within the forex market. Scalpers will buy and sell a foreign currency pair, only holding the position for a period of a few seconds or minutes.
  • #77
  • Jan 4, 2022 6:01am Jan 4, 2022 6:01am
I personally believe that scalping is very dangerous. Gold is prone to sudden and dramatic swings. I like to do EURUSD or GPBUSD, but of course this is just my personal opinion. If anyone has found a way to scalp effectively, please do share. Thank you all. Good luck to everyone!
  • #78
  • Jan 4, 2022 7:14am Jan 4, 2022 7:14am
Quoting autocashback
I personally believe that scalping is very dangerous. Gold is prone to sudden and dramatic swings. I like to do EURUSD or GPBUSD, but of course this is just my personal opinion. If anyone has found a way to scalp effectively, please do share. Thank you all. Good luck to everyone!
Very dangerous?

Its a game of either small nimbles that amount to a nice profit or small cuts that make you bleed out.
If you have the ability to trade with patience aggression trading a logical strategy - you can avoid the traps set by the big players.
Better still, trade where the big players can't touch you.
Trading thin liquidity at the boundary of the charts
  • #79
  • Jan 4, 2022 1:20pm Jan 4, 2022 1:20pm
Quoting autocashback
I personally believe that scalping is very dangerous. Gold is prone to sudden and dramatic swings. I like to do EURUSD or GPBUSD, but of course this is just my personal opinion. If anyone has found a way to scalp effectively, please do share. Thank you all. Good luck to everyone!
Do you want quick death or slow death? It's your preference only. Scalping is slow death. Unless you have an edge, the result is the same.
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #80
  • Jan 4, 2022 1:28pm Jan 4, 2022 1:28pm
Quoting heispark
{quote} Do you want quick death or slow death? It's your preference only. Scalping is slow death. Unless you have an edge, the result is the same. {image}
I ask my broker the same question on Live Chat ,I will give them even their own weapon of choice,I have more than an edge
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