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  • #221
  • Edited 10:25pm Jan 3, 2020 9:26pm | Edited 10:25pm
Quoting DonPato
{quote}.... All you need for it to do is tell you which price levels are net buying or net selling.
Thats great! thanks master ... just one last stupid question for today ... How can I know which level is net Buying or Selling by the VolumeProfile.ex4 while its calculation seems based on Tick Volume not Real volume at all? ... do you mean the Shape & Patterns?
...want it most but use it worst!
  • #222
  • Jan 4, 2020 7:05am Jan 4, 2020 7:05am
Always amazing reading treadh about 'delta' 'orderflow' 'volume' and no mention of the fact that the bid/ask data you are feeding to your metatrader are no more than a joke. A basic course about market data/structure should be mandatory for anyone who wish to talk about the subject, otherwise shitload of misleading information are spreading out like a disease. Sorry for the rant, don't wonna be a dick, but this is really misleading for people trying to understand how the market works.
back to the limbo..
Sometime the horizon disappear. Twitter: @_whiteout
  • #223
  • Edited 10:16am Jan 4, 2020 9:27am | Edited 10:16am
Quoting whiteout
Always amazing reading treadh about 'delta' 'orderflow' 'volume' and no mention of the fact that the bid/ask data you are feeding to your metatrader are no more than a joke. A basic course about market data/structure should be mandatory for anyone who wish to talk about the subject, otherwise shitload of misleading information are spreading out like a disease. Sorry for the rant, don't wonna be a dick, but this is really misleading for people trying to understand how the market works. back to the limbo..
What a grump!

We are truly studying and seeing market better in this limbo...I hate to be the first guy that ping you back, but it is sad you move into thread that people are deriving value and drop this kind of drift...if it is not for you, move on to your super thread...we love it here! Now, back to more of the sweet 'delta' 'orderflow' 'volume' very eye opening limbo that is truly teaching us more about the market...

On a positive note, contribute about your understanding of order flow...
  • #224
  • Jan 4, 2020 11:25am Jan 4, 2020 11:25am
While I disagree with most of what whiteout says he does bring up an important point that I have mentioned several times both on this thread and also on the volume thread.

That is the quality of your data feed. It is extremely important to have a good quality data feed to make good well informed decisions.

In the majority of cases that will probably not come with MT4 or the brokers who provide it. Just a small fact that one must consider. Professional data feeds and the charting packages that come with them cost money and also help you make money consistently.

However it is still possible and good learning to start using order flow in any form you can obtain it... even if the source isn't that great. The point here is to change your thinking not give you yet another "useless system".

The only other alternative is to go back to indicators and oscillators and we all know where that will lead.
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  • #225
  • Jan 4, 2020 11:28am Jan 4, 2020 11:28am
Quoting aPhong
{quote} Thats great! thanks master ... just one last stupid question for today ... How can I know which level is net Buying or Selling by the VolumeProfile.ex4 while its calculation seems based on Tick Volume not Real volume at all? ... do you mean the Shape & Patterns?
You will need to find DELTA volume profile
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  • #226
  • Jan 4, 2020 11:51am Jan 4, 2020 11:51am
Quoting whiteout
... A basic course about market data/structure should be mandatory for anyone who wish to talk about the subject, otherwise shitload of misleading information are spreading out like a disease. ...
You have clearly NOT read this thread in it's entirety or any other my other threads in their entirety. But I challenge you to do just that and find this "disease" of misinformation you feel I may be "spreading".

Or do you simply wish to troll other threads? I implore you to contribute in a productive way and from the standpoint of at least doing us the courtesy of reading all the way through before you deliver your public and unsolicited opinion.

You may have some valid points (which I acknowledged above) but they are left mute due to your arrogant and "holier than thou" demeanor.

Please come back again when you feel you can contribute and not demean.
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  • #227
  • Edited 12:03pm Jan 4, 2020 11:52am | Edited 12:03pm
Quoting danasa
{quote} What a grump! We are truly studying and seeing market better in this limbo...I hate to be the first guy that ping you back, but it is sad you move into thread that people are deriving value and drop this kind of drift...if it is not for you, move on to your super thread...we love it here! Now, back to more of the sweet 'delta' 'orderflow' 'volume' very eye opening limbo that is truly teaching us more about the market... On a positive note, contribute about your understanding of order flow...
Deleted comment as it was about the integrity of data providers and then I remembered - oh, and now I see that has been addressed by Don in the meantime.
  • #228
  • Jan 4, 2020 11:52am Jan 4, 2020 11:52am
Quoting whiteout
[N]o mention of the fact that the bid/ask data you are feeding to your metatrader are no more than a joke......[b]ut this is really misleading for people trying to understand how the market works. emphasis added
If you are trying to say that MetaTrader is a toy, I fully agree. I have opined numerous times that trading is a business and as such professional business level tools should be employed. Data feed and charting packages do matter.

If you are trying to say that OrderFlow not suited to Forex, I agree (although not fully). I always urge traders to trade futures and not spot primarily because of the importance of data.

If you are trying to say that you know how the Market works and the premise of this thread is inherently wrong, rather than knocking us down with negativity, try building us up with the positivity of "the truth". Simply, instead of telling us we don't know, tell us what you do.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #229
  • Edited 2:44pm Jan 4, 2020 2:13pm | Edited 2:44pm
Quoting DonPato
For anyone trying to understand what "absorption looks like" on a delta profile chart. I found this example today on the USD/CAD. Today is the first trading day of 2020 and this market has been sold all day long. Yes with all this selling, why isn't price plummeting through the floor? {image} I have entered a long position and in anticipation of the FU flush, I have a pending buy order below the market waiting to be filled. For those of you who still think in terms of technical analysis...pull up your daily charts and take a look. Put on your MAC-D...
You made a good call there DP, cannot interact as it's a little above my head, but had to give credit where it's due, as ever keep up the good work, always good to read your valuable posts,D
EDIT
I removed some of the post,
it wasn't part of the threads narrative.
I don't need to be good at the game, only good enough to beat my opponent,
  • #230
  • Jan 4, 2020 5:36pm Jan 4, 2020 5:36pm
Quoting HiddenGap
{quote} The Market is indeed an auction and exists for the sole purpose of facilitating trade. Price rises to find Sellers and Price falls to find buyers. Price is an advertising mechanism. Value is that place where the majority (70%) of trades occur. It's not uncommon for the quoted price to be outside of value.
A powerful statement in such little words, you have capitulated the movement of the market, Detector
I don't need to be good at the game, only good enough to beat my opponent,
  • #231
  • Edited 6:13pm Jan 4, 2020 5:59pm | Edited 6:13pm
Quoting DonPato
{quote} You will need to find DELTA volume profile
thank you so much!
got it!
...want it most but use it worst!
  • #232
  • Jan 4, 2020 7:14pm Jan 4, 2020 7:14pm
Quoting aPhong
{quote} Happy new year my Master kk ... wish you happiness & green pips in 2020 & keep this thread busy! thanks for the great knowledge for noobs like me ... btw, im not familiar with the Volume Profile you put on your Ctrader charts , is it available on Mt4? still struggle understanding how to interpret Orderfolow with your tools & method!
Check out the tools provided by Fxssi. They are very powerful. However, it will cost you money to use them. But it's worth it. There is a cheaper option that enables you to access their tools on their platform rather than putting them on MT4. But if you want to put the indicators on your charts, it will cost more.

If you want something cheaper (without a subscription plan), then you can always search for stuff on the mql5 market.

I hope that helps.
Learn from your mistakes and march on.
  • #233
  • Edited 11:48pm Jan 4, 2020 7:25pm | Edited 11:48pm
Quoting here2there
{quote} Check out the tools provided by Fxssi. They are very powerful. However, it will cost you money to use them. But it's worth it. There is a cheaper option that enables you to access their tools on their platform rather than putting them on MT4. But if you want to put the indicators on your charts, it will cost more. If you want something cheaper (without a subscription plan), then you can always search for stuff on the mql5 market....
thanks here2there ... at this moment im quite familiar with mt4... still dont know what is the critical issue that makes some pros move to another platform.
... the important is that it must be a "Delta" volume profile as @DONPATO said ... so if anyone knows a good version for mt4 please share some information?
... definitely, i will test other platform & Delta in near future kk
GD all!
...want it most but use it worst!
  • #234
  • Jan 4, 2020 7:26pm Jan 4, 2020 7:26pm
Quoting DonPato
While I disagree with most of what whiteout says he does bring up an important point that I have mentioned several times both on this thread and also on the volume thread. That is the quality of your data feed. It is extremely important to have a good quality data feed to make good well informed decisions. In the majority of cases that will probably not come with MT4 or the brokers who provide it...
I think this is only really an issue when you are using lower time frames. 1HR and above should be fine. Moreover, it has been said that FXCM provides data that works well with market profile/volume indicators.

I just wanted to point this out because it could get expensive using a professional platform for such data, and it may not even be necessary to do so.
Learn from your mistakes and march on.
  • #235
  • Jan 4, 2020 8:18pm Jan 4, 2020 8:18pm
Quoting here2there
I think this is only really an issue when you are using lower time frames. 1HR and above should be fine...
I agree with this and from the beginning and all throughout the volume thread I have advised people to use 24 hrs of data (ie the daily chart) when trading the FX market. It is precisely because of the issues being discussed here. Again confidence in the data and a good data sample (24 hrs) are very necessary for accuracy especially when learning how to see the order flow.

Remember it is the same order flow on all time frame but with larger time frames you also have a larger data sample and increase your accuracy.

For those who like intraday trading I agree and feel futures is a far better option because of the centralized data and transparency of the market.
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  • #236
  • Jan 5, 2020 12:05am Jan 5, 2020 12:05am
Quoting here2there
{quote} Check out the tools provided by Fxssi. They are very powerful. However, it will cost you money to use them. But it's worth it. There is a cheaper option that enables you to access their tools on their platform rather than putting them on MT4. But if you want to put the indicators on your charts, it will cost more. If you want something cheaper (without a subscription plan), then you can always search for stuff on the mql5 market....
mql5
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  • #237
  • Edited 4:14pm Jan 7, 2020 9:58am | Edited 4:14pm
Quoting detector
{quote} You made a good call there DP, cannot interact as it's a little above my head, but had to give credit where it's due, as ever keep up the good work, always good to read your valuable posts,D EDIT I removed some of the post, it wasn't part of the threads narrative.
Thank you for the vote of confidence. I am now seeing a bit of a stop out on the shorts but far weaker than I expected it might be. Of course the day isn't over yet and the US session has just begun. So I'll have to see what this looks like at the end of the NY session. However I suspect another "stab" at the lows before things skyrocket.
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  • #238
  • Jan 7, 2020 10:43am Jan 7, 2020 10:43am
Quoting DonPato
{quote} Thank you for the vote of confidence. I am not seeing a bit of a stop out on the shorts but far weaker than I expected it might be. Of course the day isn't over yet and the US session has just begun. So I'll have to see what this looks like at the end of the NY session. However I suspect another "stab" at the lows before things skyrocket. {image}
Well done! I followed this trade (on demo account), even after the attack to the Iranian General and I am amazed it survived, you have great skills!

I will add in any retrace and take notes.
Looking for profitable short term trades ...|
  • #239
  • Jan 7, 2020 11:32am Jan 7, 2020 11:32am
[quote=DonPato;12691608]{quote} Thank you for the vote of confidence. I am not seeing a bit of a stop out on the shorts but far weaker than I expected it might be. Of course the day isn't over yet and the US session has just begun. So I'll have to see what this looks like at the end of the NY session. However I suspect another "stab" at the lows before things skyrocket. {image}[/quote
DP, always, you know what your talking about, while I am still learning, I see the exchange ( if I can call it that) from sellers to buyers but only indicator based, not as accurate as your methods, a lucky guess from me, but from you, no,D
I don't need to be good at the game, only good enough to beat my opponent,
  • #240
  • Jan 8, 2020 4:21am Jan 8, 2020 4:21am
Couple of my thoughts on Iran-USA tensions and USD/JPY.

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This is weekly chart. By lower blue line I mark accumulation of short orders and stop loss orders. This is important Level which is seen from a couple of years back and from different time frames.
On 03.01.2020 Donald Trump commanded to attack and kill Soleimani. This event activated above mentioned orders.

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This is 1 h chart. By circle I marked area where stop loss orders where exhausted and than absorbed by buyers. The lower blue line will now be defended by sellers. They have there their buy stop orders.

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This is 1 Day chart. Today on 08.01.2020 Iran response to USA for killing Soleimani. We see very deep wick with lots of volume. All the sellers were absorbed by buyers. Whats more Its news bar - buy the rumour sell the news. Again buyers, who bought the rumour, were waiting with their bids to absorb sellers to whom they sold the news.

DonPato I would like to see how Iran - USA tensions are seen from your footprint perspective.
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