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Attachments: Discussions on Order Flow/Volume
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Discussions on Order Flow/Volume

Great stuff in her Don Pato,.... Just recently started to read the time compression and found this thread... Keep it up... It's really interesting... Thanks for sharing your knowledge.

I am more off a scalper.... But since I started reading the book I see value in it....

Cheers
Quoting Patje
Great stuff in her Don Pato,.... Just recently started to read the time compression and found this thread... Keep it up... It's really interesting... Thanks for sharing your knowledge. I am more off a scalper.... But since I started reading the book I see value in it.... Cheers
I use this way of seeing the market every day and scalp (or at least try to) 30 pts off the e mini each day.
Do more of that which succeeds and less of that which does not - Dennis Gar
Quoting DonPato
{quote} I use this way of seeing the market every day and scalp (or at least try to) 30 pts off the e mini each day.
Cool.... Will see if I can incorporate some of this stuff into my trading ...
Quoting DonPato
{quote} You can go to this link: https://www.algodeveloper.com/product/volume-profile/ And ask the proprietor if his indicator works on the web platform.
Thanks for the link. Very much appreciated.

I have also been reading one of your earlier threads, and my mindset is changing. Although I am not yet in a position to use that algo I am looking at the charts differently, and seeing things that I did not see before. I am now trying to train myself to identify abnormal activity.
Monopoly Money Trader
Quoting Flunky
{quote} Thanks for the link. Very much appreciated. I have also been reading one of your earlier threads, and my mindset is changing. Although I am not yet in a position to use that algo I am looking at the charts differently, and seeing things that I did not see before. I am now trying to train myself to identify abnormal activity.
I'm very grateful (truthfully) that you are now seeing the market without blinders. You are off to a great start. Keep at it you will soon see clearly.
Do more of that which succeeds and less of that which does not - Dennis Gar
Hi all, trying to incorporate bits of what DonPato so kindly shared slowly into my trading. Extremely new to all this so I look forward to your guidance. On the USDJPY Daily chart, I tried using tick volume to identify exhaustion, absorption and climax to take a short trade.

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A little worried taking this trade as traditional technical analysis would say that price just broke above resistance and on the smaller time frames seem to be correcting back to the zone weakly.
Quoting mangoeater
... On the USDJPY Daily chart, I tried using tick volume to identify exhaustion, absorption and climax to take a short trade. A little worried taking this trade as traditional technical analysis would say that price just broke above resistance and on the smaller time frames seem to be correcting back to the zone weakly.
Hello mangoeater...(I LOVE mangos)...I see you have been reading my thread, "Hey...what about volume?" According to the information you received there you have correctly identified these phases...congratulations!! And as you are aware, of the cautions regarding technical analysis I won't repeat them. I also think this is a great opportunity to point out how much more accurate the delta volume profiles can be in identifying the exhaustion. You have correctly identified it in your graphic...now take a look at this same area using the profile chart:
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I have identified two areas that grabbed my attention. First the order flow inversion right in the area where you would expect selling (at the top of the range) but yet buying and the buying was higher than the selling...THEN finally after a break above (or FU stop as I like to call it) the buyers exhaust. and are finally absorbed. You can see it is slightly different...NOT because you evaluated it incorrectly, because "seeing" the order flow is far more accurate than trying to find it using just the typical charting software. In then end, we both came to the same conclusion, and I am short with two positions...but as I am watching the selling (which should be going gangbusters) I am seeing price stall...and I am not all convinced yet, that we are in for a large price drop. I'll wait until the end of the day...and have another look.

I want you to know that what you have evaluated was correct and if I was using ONLY those tools I too would come to the same conclusion. But I hope you can see the value of using a delta volume tools somewhere in your trading...your accuracy will improve greatly.
Do more of that which succeeds and less of that which does not - Dennis Gar
Quoting DonPato
{quote} Hello mangoeater...(I LOVE mangos)...I see you have been reading my thread, "Hey...what about volume?" According to the information you received there you have correctly identified these phases...congratulations!! And as you are aware, of the cautions regarding technical analysis I won't repeat them. I also think this is a great opportunity to point out how much more accurate the delta volume profiles can be in identifying the exhaustion. You have correctly identified it in...
Hey DP, first and foremost, thank you for the informative reply, essentially guiding me personally on top of the information you have so freely shared in your various threads. After having read this thread and the incredible information in it, I most definitely had to go look through and absorb whatever I could from your other threads. Glad to see that we have a common interest in mangoes on top of trading.

I can certainly see the difference in delta volume profiles and hopefully if I find a good indicator for it (right now im looking at purchasing https://ctrader.com/algos/indicators/show/1860 this one but it looks different from yours so Ill continue looking), begin incorporating it into my own trading as I continue trying to use volume like you taught.

Once again, thank you so much for all you share and the time you take to reply with such detail.
Quoting mangoeater
... I can certainly see the difference in delta volume profiles and hopefully if I find a good indicator for it (right now im looking at purchasing https://ctrader.com/algos/indicators/show/1860 this one but it looks different from yours so Ill continue looking), ...
I have posted the link to the indicator I use in several places through this and the volume thread. It is publicly available. Just ask the proprietor (Ahmad) to include the option for Delta volume
Do more of that which succeeds and less of that which does not - Dennis Gar
Quoting DonPato
{quote} I have posted the link to the indicator I use in several places through this and the volume thread. It is publicly available. Just ask the proprietor (Ahmad) to include the option for Delta volume
Excellent! Thanks!
Hi DP,

If you dont mind, could you kindly share what your settings for the volume profile indicator are? Ive been trying to play around with it and understand it, changing the parameters here and there but cant seem to get it to come to one like yours where I have one profile for each candle.
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  • Post #272
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  • Edited 12:43pm Jan 16, 2020 12:32pm | Edited 12:43pm
Quoting mangoeater
Hi DP, If you dont mind, could you kindly share what your settings for the volume profile indicator are? Ive been trying to play around with it and understand it, changing the parameters here and there but cant seem to get it to come to one like yours where I have one profile for each candle. {image}
it isn't necessary that your charts look like mine...as long as you can read and understand the order flow. But you are going to need to make sure you delta setting is set to "yes". Right now you are reading ALL volume (buy and sell) indicated by the red and green colors. The setting you have is very useful for determining volume point of control (VPOC). This is a whole other discussion...You'll have to pay me for that one.

I am using the indicator entitles "Volume Profile Time Frame" It should be included with your trial version. I have attached the setting I use. These are by no means "required" or the only settings...the point is for you to find a way to see and read the order flow. Which ever setting helps you do that...THAT is the setting you should use. Best of luck

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Edit: For any of you who are considering using this tool...or know of anyone considering using this tool...please bookmark this post. I have provided this information numerous times both in this thread and in the thread on volume. I'd like to keep this thread for discussions on order flow...not technical assistance for an indicator I didn't create.

Let try to keep our discussion on learning about order flow...but it would appear I have exhausted all questions...
Do more of that which succeeds and less of that which does not - Dennis Gar
Quoting DonPato
{quote} I have posted the link to the indicator I use in several places through this and the volume thread. It is publicly available. Just ask the proprietor (Ahmad) to include the option for Delta volume

Don - why don't you put the link on the first post

It will save you having to post the link every month or so.

Cheers

Fader
Quoting Fader123
{quote} Don - why don't you put the link on the first post It will save you having to post the link every month or so. Cheers Fader
Excellent idea...I will try to get to that between hospital visits, doctors appointments, physical therapy occupational therapy, speech therapy, and home nursing visits for my mother. I think it would be just more efficient if everyone would just take the time to read the entire thread.

BTW: does anyone know or have contact with a trading community in California San Francisco North Bay area? Perhaps you could PM me with details and contact info?
Do more of that which succeeds and less of that which does not - Dennis Gar
Dear DonPato I'm very interested in your post. Within the universe of forex instruments, futures, etc., with what criteria do you choose which one to trade?
Humble & Kalcker CLO2 = Covid killer
[quote=DonPato;12706928]{quote} Excellent idea...I will try to get to that between hospital visits, doctors appointments, physical therapy occupational therapy, speech therapy, and home nursing visits for my mother. I think it would be just more efficient if everyone would just take.....

https://www.forexfactory.com/showthr...5#post12699315

"Greed takes away the life of its owners. "
Quoting jusiur
Dear DonPato I'm very interested in your post. Within the universe of forex instruments, futures, etc., with what criteria do you choose which one to trade?
In the FX market I trade the USD crossed pairs mostly. There is really no criteria, it is simply what I know best after spending most of my life in California. In addition the e-mini DOW (YM) I trade simply because that is what I chose to trade based on my liquidity and ability at the time. I trade only one futures instrument at a time and that seems to be sufficient for my needs.

As part of my overall plan I also invest in physical Gold and have "dabbled" mostly with oil, but nothing serious. I firmly believe that Trading is Trading and that it really doesn't matter which market you feel you want to understand. What is most important is that you learn to understand, see, and read the order flow in your particular market of choice. THIS is "where the rubber hits the road", in trading. Once you firmly understand and can see/read the order flow, the actions you need to take will become obvious.
Do more of that which succeeds and less of that which does not - Dennis Gar
[quote=Wzt;12714913]
Quoting DonPato
{quote} Excellent idea...I will try to get to that between hospital visits, doctors appointments, physical therapy occupational therapy, speech therapy, and home nursing visits for my mother. I think it would be just more efficient if everyone would just take..... https://www.forexfactory.com/showthr...5#post12699315
Thank you WZT
Do more of that which succeeds and less of that which does not - Dennis Gar
Hello again friends...just a quick follow up on a trade I mentioned in this thread here and here.
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After a reasonably balanced order flow for the last 9 trading days, (buying at the bottom; selling at the top) shorts have stopped out, and a corresponding "whoosh" in price has occurred. Of note is the "weaker" or lower in volume order flow near the highs of today's price action. This suggests (at least at this point) the buying may not be sustained for very long. Thus price may drop back to the area where buying (indicated in green), overcame selling (indicated by red).

Again here TIME is of issue. Whether or not price returns to this area today, tomorrow, or never really depends on how the order flow develops from here. And there are three possibilities: (1) This "whoosh" was merely shorts stopping out, and there are no real buyers interested at this level, in which case price will fall sooner rather than later. (2) This price move is seen as a "break out" by technicians, and they pile one from here and the resulting order flow sends prices higher until the buying exhausts. (3) This move is a giant "FU stop" and as soon as the bigger interests have flushed out (read stopped out) the weaker shorts, the larger sells will move in and send price crashing to new lows.

How or if any of these scenarios plays out is completely unknown and anyone who says they "know" what will happen is either a liar or a fool. THIS is why reading the order flow at the end of every candle is so important and analyzing the order flow in the moment of "right now". Then when the changes happen you will seen them in the moment of "right now" and take appropriate action.
Do more of that which succeeds and less of that which does not - Dennis Gar
G'day Don
Some might consider it spoon feeding(myself included) but if you get a chance could you post a chart at your time of entry so I can have a look at what you consider a trade trigger?
Thanks heaps for all your work here
We are all One. Be present. Be the Observer
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