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  • #1,221
  • Nov 9, 2022 4:22pm Nov 9, 2022 4:22pm
Quoting butcher
{quote} Hey RickM, All of the three examples show only buy setups. Is that a coincident or do you only take long trades? Or can the "inverted logic" be applied as well? Thanks in advance!
Hi Butcher

Did they, just coincidental.
I really try to just follow market order pressure but logic would tell us to follow the primary trend as well because the odds are slightly higher this way.

However with Crypto, only ever Short as it’s a bunch of gamblers who just can’t hold onto any profit for any length of time.

Cheers
Trading thin liquidity at the boundary of the charts
  • #1,222
  • Nov 10, 2022 10:27am Nov 10, 2022 10:27am
Quoting ffpriceactio
{quote} So why not the column Volume(units) make a decision one instead of volume ($) ?
How you think why?
Observer effect
  • #1,223
  • Nov 10, 2022 4:51pm Nov 10, 2022 4:51pm
if volume ($) is a derivative of price then volume (asset) gives information, right ? if not, then what is the reason price 27 is worse than 0,11 ?
  • #1,224
  • Nov 10, 2022 10:15pm Nov 10, 2022 10:15pm
Quoting ffpriceactio
if volume ($) is a derivative of price then volume (asset) gives information, right ? if not, then what is the reason price 27 is worse than 0,11 ?
Because if min lot size of 27 is 0.1 and min lot size of 0.11 is 0.01, then it mean that 1 lot size is equal to 27$ or 1.1$. Now imagine you have 100$. 27$ is 1/3 of it, and 1.1 is 1/85. Pretty risky huh?
Observer effect
  • #1,225
  • Edited 10:50am Nov 11, 2022 8:56am | Edited 10:50am
Scam, bullshit, nonsense, liars and nonprofessional examples are everywhere. Especially on forex.
I don't know why, but trading is full of such a persons.

For example I don't know the forum of fake doctors. There are no such a forum where people pretend they are doctors and where they are posting their stories of successful surgeries.
Also I have never seen a forum of successful fake lawyers where they post their incredible win cases.

But not about trading

Who knows why?
Observer effect
  • #1,226
  • Nov 11, 2022 1:23pm Nov 11, 2022 1:23pm
Quoting ryuryu
Scam, bullshit, nonsense, liars and nonprofessional examples are everywhere. Especially on forex. I don't know why, but trading is full of such a persons. For example I don't know the forum of fake doctors. There are no such a forum where people pretend they are doctors and where they are posting their stories of successful surgeries. Also I have never seen a forum of successful fake lawyers where they post their incredible win cases. But not about trading Who knows why?
pharma.. a lot of fake "evidence" and "remedy" can be found in pharmacy-related forums.. to sell some "drugs"...

Here some insights:

Quote
Drugs Research Pharmacy (Cameroon)
This is a pharmacy that is advertised on a number of sites: blazelead com
drugsresearchpharmacy imexbb com

Be warned, it is just another scam. Run by a guy who calls himself Dr Martin or Dr Lee Young, they will take your money by Western Union, and then an email generated by a fake postal service will be sent to you asking for substantial 'insurance' sum in order to release your package.

think the scam is found in 3 main areas: money, health, and relationships. All those 3 topics are hot.. people feel desperate when lacking some of those 3. Therefore those 3 are full of scammers and criminal persons. they use the vulnerability of people...
  • #1,227
  • Nov 11, 2022 10:34pm Nov 11, 2022 10:34pm
Quoting gepards
{quote} pharma.. a lot of fake "evidence" and "remedy" can be found in pharmacy-related forums.. to sell some "drugs"... Here some insights: {quote} think the scam is found in 3 main areas: money, health, and relationships. All those 3 topics are hot.. people feel desperate when lacking some of those 3. Therefore those 3 are full of scammers and criminal persons. they use the vulnerability of people...
Haha, you are absolutely right
I know one women she is selling "throat singing to open the chakras"
And you know she is a millionaire! Hundreds of people listening that via instagram haha

So I think may be we should sell it too? Like

"Want to be successful in trading? Sing using your ass 33 minutes before London Open.
Just pay 99.99$ and we will show you how to make it*
* if you lose all your money that mean you sing not with a good mood, try again".
Observer effect
  • #1,228
  • Edited 1:40am Nov 12, 2022 1:22am | Edited 1:40am
Quoting ryuryu
{quote} Haha, you are absolutely right I know one women she is selling "throat singing to open the chakras" And you know she is a millionaire! Hundreds of people listening that via instagram haha So I think may be we should sell it too? Like "Want to be successful in trading? Sing using your ass 33 minutes before London Open. Just pay 99.99$ and we...
placebo effect.
  • #1,229
  • Nov 13, 2022 2:35am Nov 13, 2022 2:35am
The power on knowledge.

I have a discord channel where we discuss strategies, share ideas and where I help people with my free bot.

And I have a dashboard where we check the volume, price, distance.

But sometimes bybit websockets stop working and if binance websockets will reconnect bybit will not. I have opened the issue on github in April, but still no progress.
So I have somehow check if it works and restart it.

I asked in chat who can help with bash linux commands. Immediately one our friend response and told me how to make it.

That how it works. We help each other, share, learn. So instead of drawing lines and posting nonsense with poker faces better learn something new.

Stay green!
Observer effect
  • #1,230
  • Nov 13, 2022 3:41am Nov 13, 2022 3:41am
Quoting ryuryu
Scam, bullshit, nonsense, liars and nonprofessional examples are everywhere. Especially on forex. I don't know why, but trading is full of such a persons. For example I don't know the forum of fake doctors. There are no such a forum where people pretend they are doctors and where they are posting their stories of successful surgeries. Also I have never seen a forum of successful fake lawyers where they post their incredible win cases. But not about trading Who knows why?
100% right. It is beyond imagination how many scammers are in this industry. They lie with poker face. The feed on greed and the strongest human emotions, aspirations.What pisses me of is tha lack of cognitive honesty - what we know, what me do not know, what we assume.

On the other side there are people, including me, who seems bitter after experiencing this scam. Where does bitterness come from ? Probably from realization how people are naive, lazy , weak - just perfect to become victims.
  • #1,231
  • Nov 13, 2022 3:45am Nov 13, 2022 3:45am
If people believed that you may become lawyer or doctor just by watching youtube or joining discord channel - fake lawyers and doctors would appear. Trading has only one condition - money to loose. If you have money to loose you can try.
  • #1,232
  • Nov 13, 2022 4:49am Nov 13, 2022 4:49am
I'm slowly making my way through this thread and I don't want to ask too many dumb questions (yet), but I have one for RickM:

Attached Image (click to enlarge)
Click to Enlarge Name: xrp_q.jpg Size: 137 KB
  • #1,233
  • Nov 13, 2022 2:24pm Nov 13, 2022 2:24pm
Quoting ryuryu
Have added "modes" to the bot {image} What mode you choose?
Do you like Doom?
  • #1,234
  • Nov 14, 2022 1:17am Nov 14, 2022 1:17am
Quoting FatO
I'm slowly making my way through this thread and I don't want to ask too many dumb questions (yet), but I have one for RickM: {image}
Hi Fat 0

The whole theory behind the Delta indy is we are trying to trade WITH MARKET ORDERS that are supporting our position.
Delta is adeqate in guessing the right way to trade but it has a few issues. There may be big players injecting Iceberg orders into the books or they may be using Algo's to sproof the order books. These strategy's for example produce bullish Delta but the movement becomes a bearish direction.

Delta alone does not offer amazing win rates - we need to add more.

What you didn't see on my charts is the Order Book & Recent Sales.
The reason I didn't take (just a guess now) that first Delta flip is the Order book & Recent Sales must of said - NO TRADE YET

Below is an example of the order book on XRPUSDT, you can see the Buyers were stacking orders at the to of the book and recent sales were strongly Bullish
THEREFORE only Buy on a Bullish Delta flip PROVIDING the Order Book agrees.
My mistake for not also posting them with the charts, unforgivenable

If you move forward in Volume trading, you need to watch the Order Book Wall, on Crypto thats the first three lines.
Stop looking at candlesticks and start reading the Tape
Attached Image(s) (click to enlarge)
Click to Enlarge Name: order book 1.jpg Size: 178 KB
Click to Enlarge Name: recent sales 2.jpg Size: 107 KB
Trading thin liquidity at the boundary of the charts
  • #1,235
  • Nov 14, 2022 4:55am Nov 14, 2022 4:55am
Hi RickM,

thanks for explaining - I had an idea there was some additional info necessary to make the decision, that's probably where experience comes in. Makes sense now
  • #1,236
  • Nov 14, 2022 10:03am Nov 14, 2022 10:03am
Quoting Viktor
{quote} Do you like Doom?
You forgot to code the mode "Ultra Violence" before "Nightmare"
  • #1,237
  • Nov 14, 2022 10:43am Nov 14, 2022 10:43am
I have created this table to check when there will be max drop reached.
As usual BTC drops at 85% and then rise 20 times.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 35 KB


As you see now it is "only" -76% from its top

Quoting Viktor
{quote} You forgot to code the mode "Ultra Violence" before "Nightmare"
hehe, yeah, have to add it
Observer effect
  • #1,238
  • Nov 15, 2022 8:54am Nov 15, 2022 8:54am
Thank you to ryuryu and RickM for this thread. Fantastic discussions on Order book and volume analysis.
I am using ClusterDelta software on Mt4 and trying to get a better picture on how to incorporate their indicators to work with Order book analysis. Is there anybody else using ClusterDelta indicators? I would like to further discuss the charting and setups and how to best use them. I would like to know how many people are on it, and what they find.
  • #1,239
  • Nov 15, 2022 5:12pm Nov 15, 2022 5:12pm
Quoting Sallym
Thank you to ryuryu and RickM for this thread. Fantastic discussions on Order book and volume analysis. I am using ClusterDelta software on Mt4 and trying to get a better picture on how to incorporate their indicators to work with Order book analysis. Is there anybody else using ClusterDelta indicators? I would like to further discuss the charting and setups and how to best use them. I would like to know how many people are on it, and what they find.
I do not believe that any kind of volume for mt4 symbols makes sense. Really. I tried, yes i tried. I tried Cluster. First you understand that you get "volume" from your broker. How does he arrange the data, what quality it is - who knows ? As to futures data - probably for long term it has value. I am not sure. The routine should be easy just like guys here produced. Dead easy - momentum on one side, order book confirms, no walls against. Simple. With Cluster Delta you sonner become IT expert than trader.

Myself for delta for fx i use ninjatrader with fx.cm - shows some momentum. It is not enough as explained above by RickyM. You compare momentum to direction of price to - reaction of price. And more - if you have VOLUME. Is futures market volume applicable for "EURUSD.getrich" ? Not know.

Do not ever be tempted to use delta divergence with tick data.

Overall - do your check but my experience is - forget about it.
  • #1,240
  • Nov 15, 2022 5:58pm Nov 15, 2022 5:58pm
Quoting ffpriceactio
{quote} I do not believe that any kind of volume for mt4 symbols makes sense. Really. I tried, yes i tried. I tried Cluster. First you understand that you get "volume" from your broker. How does he arrange the data, what quality it is - who knows ? As to futures data - probably for long term it has value. I am not sure. The routine should be easy just like guys here produced. Dead easy - momentum on one side, order book confirms, no walls against. Simple. With Cluster Delta you sonner become IT expert than trader. Myself for delta for fx i use ninjatrader...
Hi ffpriceactio

Interesting handle name.

No - the deltacluster data you see is bridged directly from CME, and is therefore the same data I see on my Motive Wave, Ninja & jigsaw platforms.
Of course the cluster indy's are a bit crude, very basic but it's still the cheapest way in to get access to level 2 data.
For $8 a month, we shouldn't complain.

The rest of your post I really liked, I agree that being able to profit from momentum by reading the volume correctly should be our main game.
An example last night was a nice trade I took on E Mini S&P 2 seconds after the CPI results came out. I saw the order book empty of asks and hit the Market Buy with 2 contracts.
1.4 seconds later it hit my take profit (slipped in my favour) for a nice $1600 profit.
On my favour, price had also created a nice pullback signal and I entered exactly after a Complete Auction signal.

Was there a risk, hell yes.
But I don't allow myself to think when trading, I need to be able to see a setup and react in under half a second or I may have missed my opportunity to get on a momentum run.

Cheers
Trading thin liquidity at the boundary of the charts
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