Daytrading/Scalping in Crypto markets | Page 7 | Forex Factory

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

  • #121
  • Oct 9, 2021 10:13am Oct 9, 2021 10:13am
Quoting Machinator
{quote} Hi Hline! Everything is great and right besides your trading volume- it is too small for this ideal situation. Why the situation is ideal- because you have a point in the DOM to close your trade with the smallest loss which is possible. Anyway you worked out this situation ideally when closed your trade on a participant's volume. Even you didn't earn money - this is ONE PERFECT TRADE. Keep it up! As about to put or not Stop loss order, it is up to you. Personally I use it very very rare, because I always manage anyone of my trades, and closing...
Hi Machinator,

Thanks for replying. I think most is clear, thanks!
So for the ideal situations (high volume with tight sl) its best to increase the lotsize by using the double or something.

My current balance is only $20 so probably i will end up using 0.20 then.
What i was curious about in the beginning of the thread you mentioned that you (anyone wanting to achive that) could easily double or triple a small account by
using high volume setups like 50 times a day. If one wants to achive that, with a small account like my $20, shouldnt i bump up my initial lots a lot?
So like using 5 or 10 times the initial risk?

And is it me or some assets dont have any real high volume in the DOM?
If you take AXS for example (see below) you have no real high volume compared to the other levels and historical ones. The yellow one marked moves down along with the price so is never reached, then the other ones are only 1800. Of course its saturday (im not trading) but i never noticed any real high volume?
How do you go about this? Do you have some alert which tells you when high volume comes up or you continually monitor it?

Going to do some more studying, have a great weekend!
Attached Image (click to enlarge)
Click to Enlarge Name: 524a8f05ddff4f4c94a8914db8c22a4c.png Size: 57 KB
  • #122
  • Oct 11, 2021 1:27am Oct 11, 2021 1:27am
Good morning!

Seems a quite day today so might try to set some alarms for interesting levels.

Below one trade, partial closed, other half i let it run. Moved my limit buy a bit further down so closed with 0.6%
The trade was made due to a BO on the H4 and price went back up and failed so i did enter once volume told me (what i made of it)

Also took some on MCB and AR. Made some bigger gains so i took the countertrend for some scalps.

Attached Image (click to enlarge)
Click to Enlarge Name: 50d56e09bad162d01c616db60584d96d.png Size: 202 KB
  • #123
  • Oct 11, 2021 7:45am Oct 11, 2021 7:45am
Quoting Machinator
{quote} , and the second because of market makers in the DOM ,they are good enough to prevent any market ineffectiveness in the DOM. Regards!
Oh, so this is why the DOM of the platforms i tried did look too "static". I thought there was something wrong in displaying data instead are just the market makers hiding their movements.
I didn't see any big unbalance between bid and ask volume and i didn't see any big clusters of limit orders waiting at some levels and i watched the DOMs for about 2 weeks.

In this case how it's possible to check the big clusters of orders waiting at certain price on futures? Are there specific platforms that allow that?
I know this is a bit off-topic, feel free to not reply me if you don't want to mess up the thread
  • #124
  • Oct 12, 2021 3:43am Oct 12, 2021 3:43am
Hi Machinator,

Hope you are doing well, i find it a bit difficult these days seems like the market is 'waiting' or something.

Can i ask you a favour? Could you please once have a look at the asset AXS-perp and see if you can spot any volume?
Reason im asking is that somehow i tend to trade this pair but get stopped out a lot and im wondering of the volume im looking for is correct.

Most of the times price just blast through my price and i get stopped out at -0.2% or so (fixed TP)
I cant explain but perhaps the volatility on this one appeals to me but want to trade it correct.

I see several 1Ks but thats not enough, the 7K seems to be the market maker one.

Attached Image (click to enlarge)
Click to Enlarge Name: de228127c55206ca34694c6b7066b922.png Size: 825 KB

Would be nice to see how you would trade this, might give me a better idea?

Attached Image
  • #125
  • Oct 13, 2021 4:46am Oct 13, 2021 4:46am
Hi guys,

Not a great day today. Need to sit down and watch the DOM more. Got in trouble detecting large(r) volume/density.
Im trying to compare the clusters volume against the current displayed DOM sizes but to me all sizes are large enough.

Setting orders only to see it blast through today.

Another thing, i tried to make some entries on SPOT -> CEL/USD. The order was displayed but when it was filled it immediately seemed to close.
I cant find those trades anymore. No idea what happened.

Since im running a $20 account, is that insufficient to play a 0.1 (minimum) lot on CEL/USD? Should i first top up my account in order to be able
to trade SPOT?

I tried spot since some of your posts were related to spot and the volume seemed stable.

Minor setback but we will get there!

Have a great day
  • #126
  • Edited 7:28am Oct 13, 2021 6:55am | Edited 7:28am
Quoting HLine
Hi guys, Not a great day today. Need to sit down and watch the DOM more. Got in trouble detecting large(r) volume/density. Im trying to compare the clusters volume against the current displayed DOM sizes but to me all sizes are large enough. Setting orders only to see it blast through today. Another thing, i tried to make some entries on SPOT -> CEL/USD. The order was displayed but when it was filled it immediately seemed to close. I cant find those trades anymore. No idea what happened. Since im running a $20 account, is that insufficient to play...
I was going to post some answers this morning but market starts o move and I postponed it. Will make it later. Hline make your spot settings like on the screenshot to see your spot trades.

Edited* Hline, Hope you are collecting spread /volatility on HUM-PERP?
Attached Image
Success is nothing more than a few simple disciplines, practiced every day.
  • #127
  • Oct 13, 2021 7:15am Oct 13, 2021 7:15am
Quoting HLine
Need to sit down and watch the DOM more. Got in trouble detecting large(r) volume/density. Im trying to compare the clusters volume against the current displayed DOM sizes but to me all sizes are large enough.
A software like Bookmap keeps track of (historic) volumes (this one is a free demo):


Attached Image (click to enlarge)
Click to Enlarge Name: bookmap.png Size: 128 KB
Return To Disorder
  • #128
  • Oct 13, 2021 2:00pm Oct 13, 2021 2:00pm
Hi all,

I've been following this thread and am interested in learning. I have set up my Binance account and Cscalp and started to try and collect the spreads.

I don't know if I'm stupid but Binance seems difficult to collect spreads as it is a very liquid exchange. I find the spreads so close it doesn't seem worth to try collect them. i often try to collect the spread and find that the commissions eat up what ever profit i might have gotten. I find that I cant find any non illiquid instrument to trade futures.

FTX is banned in my country so I don't know if I would have more success on that platform.

Can anyone recommend me a pairs to try and trade on Binance?
Also i have found that there are larger spreads on the spot for Binance but i don't know how to trade it.


Thanks in advance
  • #129
  • Oct 13, 2021 2:24pm Oct 13, 2021 2:24pm
Quoting HLine
{quote} Hi Machinator, Thanks for replying. I think most is clear, thanks! So for the ideal situations (high volume with tight sl) its best to increase the lotsize by using the double or something. My current balance is only $20 so probably i will end up using 0.20 then. What i was curious about in the beginning of the thread you mentioned that you (anyone wanting to achive that) could easily double or triple a small account by using high volume setups like 50 times a day. If one wants to achive that, with a small account like my $20, shouldnt i...
Hi Hline. U r always welcome!

Yes you are right! When you have a tigh stop to enter the trade it is always perfect trade, even it doesn't matter you are closing it with profit or loss. It is simple mathematical rotation.

Look,everything depends on the market. My college(professional trader in MOEX) in April this year(I don't remember the day but the market this day was like a dream) when the market was very very very active after long thinking first time open his crypto account, deposited it with 100 dollars and closed this day with 18K US dollars profit. The market gave this opportunity to earn some money and he worked all the situations out without any hesitation. This day he made 180X. I am more than sure when this days come again he (me, you...) will be ready to to squeezed the market up to the last drop.

Anyway it is still possible even on this market made 1k+ US dollars daily with extra limited risks. As per small deposit overclocking ,double triple it daily... if you trade Hum- perp today you should perform this task perfectly.

There is coins I trade very rare for example two of them are AXS and FTM. In 98% of cases I cannot understand their moves and find I good point with small loss to enter the trade.

As I wrote above during the day I continually monitor the coins which are in the game. There are some telegram bots and other services which are alerting about big volumes in orderbook but I don't use them.
Success is nothing more than a few simple disciplines, practiced every day.
  • #130
  • Oct 13, 2021 2:40pm Oct 13, 2021 2:40pm
Quoting AlmondFX
Hi all, I've been following this thread and am interested in learning. I have set up my Binance account and Cscalp and started to try and collect the spreads. I don't know if I'm stupid but Binance seems difficult to collect spreads as it is a very liquid exchange. I find the spreads so close it doesn't seem worth to try collect them. i often try to collect the spread and find that the commissions eat up what ever profit i might have gotten. I find that I cant find any non illiquid instrument to trade futures. FTX is banned in my country so I don't...
Hi AlmondFx!

Yes Binance is more liquid exchange, but the DOM trading principals are the same. Why I recommend FTX to start because the minimum order value which brokers allowed here is much less.

Regards!
Success is nothing more than a few simple disciplines, practiced every day.
  • #131
  • Oct 13, 2021 4:08pm Oct 13, 2021 4:08pm
Quoting jojofx
{quote} Oh, so this is why the DOM of the platforms i tried did look too "static". I thought there was something wrong in displaying data instead are just the market makers hiding their movements. I didn't see any big unbalance between bid and ask volume and i didn't see any big clusters of limit orders waiting at some levels and i watched the DOMs for about 2 weeks. In this case how it's possible to check the big clusters of orders waiting at certain price on futures? Are there specific platforms that allow that? I know this is a bit off-topic,...
Dear friend, for the moment the only interesting market for me is Crypro. It is a wild one and I like it very much. Look at the liquidity here- a couples days ago on ShiB and today on PolkaDOT. You can slightly enter and close your even 10 million dollars worth position. So here it will be very difficult to reach liquidity ceiling if you understand what I mean- so unlimited potential to grow.

Regards!
Success is nothing more than a few simple disciplines, practiced every day.
  • #132
  • Oct 14, 2021 5:22am Oct 14, 2021 5:22am
Quoting Machinator
{quote} Hi Hline. U r always welcome! Yes you are right! When you have a tigh stop to enter the trade it is always perfect trade, even it doesn't matter you are closing it with profit or loss. It is simple mathematical rotation. Look,everything depends on the market. My college(professional trader in MOEX) in April this year(I don't remember the day but the market this day was like a dream) when the market was very very very active after long thinking first time open his crypto account, deposited it with 100 dollars and closed this day with 18K...
Hi Machinator, great job as always!

Now its up to me to decrypt the code lol but i need to stop making it difficult.
Yesterday i collected spread in the afternoon for HUM indeed, and after it (and this morning) i did notice that it (HUM) did range. Then i looked at the HUM spot
and noticed repeatingly big volumes appearing above and below the spread. This allowed for some 'swing scalping'
I like this a lot i think and builds up. Now if i feel comfortable, and know when to take my stops, i can increase it and triple my account.

Also did i catch a celusd spot trade. Noticed big volume at a 71 level but didnt know exactly when to open a sell so i just jumped.
Attached Image (click to enlarge)
Click to Enlarge Name: celusd - entry.png Size: 35 KB

However the best entry would be one bracket below the big volume? How do you handle those situations?
Currently the volume is still present though they withdrew 9K from it. Do you wait till price comes near (like 5 levels from the volume) before entering or this is when you look at the other volume in the DOM and the tape?

As for the friend, thats great inspiration! Let me first get some confidence and learn to spot the volume best so i can upsize my lots so I will be able to get some profit and maybe double my account on a day or two?

Attached Image


Thanks again for replying! It means a lot to me.

Have a great day, see you soon!
  • #133
  • Oct 14, 2021 3:38pm Oct 14, 2021 3:38pm
Hi Machinator,

What is a good pair to stat catching spreads on Binance, I want to practice something very basic but can't find non liquid instruments ?
  • #134
  • Edited 5:26am Oct 15, 2021 2:13am | Edited 5:26am
Collecting spread on HUM, made 21% on the account thus far.

Seems like im a bit frozen, or anxious to continue today. Perhaps i dont trust myself and lack confidence in
spotting the right opportunities/volume.

@Machinator: Can you please tell some more how you 'think' when you look at an asset in the DOM? (im just trying to learn and grasp your
thinking, perhaps written in different ways might help fill in the missing pieces, dont feel offended)

If i look at the DOM, i try to find high density (big volume) in the orderbook. Then i look at the chart to see where we are on the H1, then on the M5.
When this found volume is on a 'key' level (S/R, round number) i try to take the trade but a lot of times the volume just vanished before i could click lol.

You wrote to me that i should only look at the DOM and the clusters, i feel like im missing information that way but i probably make it to difficult again.
Could you try to describe your logic like, watch the most moving assets once an hour, then what do you do next?

DOM here i come lol, more studying but sometimes i feel i pay attention to the wrong things.


Have a great day!

Attached Image


edit: I tried to step forward and move out of my comfort zone so added some more trades. Think i will stop for now, up 37% for the day but at times
i have no clue what im doing it seems. The amount is peanuts perhaps but to me its about the journey at the moment and trying to get confident
in this method.
Attached Image
  • #135
  • Oct 16, 2021 1:47pm Oct 16, 2021 1:47pm
Quoting HLine
Collecting spread on HUM, made 21% on the account thus far. Seems like im a bit frozen, or anxious to continue today. Perhaps i dont trust myself and lack confidence in spotting the right opportunities/volume. @Machinator: Can you please tell some more how you 'think' when you look at an asset in the DOM? (im just trying to learn and grasp your thinking, perhaps written in different ways might help fill in the missing pieces, dont feel offended) If i look at the DOM, i try to find high density (big volume) in the orderbook. Then i look at the chart...
Hi Hline,

How do you quickly calculate your lots with so many orderbooks opened?

Thanks in advance
  • #136
  • Edited 2:58am Oct 17, 2021 2:27am | Edited 2:58am
Quoting HLine
{quote} Hi Machinator, great job as always! Now its up to me to decrypt the code lol but i need to stop making it difficult. Yesterday i collected spread in the afternoon for HUM indeed, and after it (and this morning) i did notice that it (HUM) did range. Then i looked at the HUM spot and noticed repeatingly big volumes appearing above and below the spread. This allowed for some 'swing scalping' I like this a lot i think and builds up. Now if i feel comfortable, and know when to take my stops, i can increase it and triple my account....
Yes Hline , you are right-stop making it difficult!

1.You see the situation
2. See the stop point in the order book
3.Evaluate the situation and decide how many your trading volumes to load
4.Clicking left or right mouse(putting limit orders or entering buy market price) button depends is it long or short
5.Putting your limit orders to close the trade and manage the trade. If price reaches your closing orders that's good you make profit if not without any hesitation you close your trade with the possible small acceptable loss.

Thats all! Please don't make it more complicated))
Success is nothing more than a few simple disciplines, practiced every day.
  • #137
  • Oct 17, 2021 2:55am Oct 17, 2021 2:55am
Quoting HLine
Collecting spread on HUM, made 21% on the account thus far. Seems like im a bit frozen, or anxious to continue today. Perhaps i dont trust myself and lack confidence in spotting the right opportunities/volume. @Machinator: Can you please tell some more how you 'think' when you look at an asset in the DOM? (im just trying to learn and grasp your thinking, perhaps written in different ways might help fill in the missing pieces, dont feel offended) If i look at the DOM, i try to find high density (big volume) in the orderbook. Then i look at the chart...
Look Hline, what I mean saying DOM- it is

1. Order book (or on traders language '' exchange glass'')
2. Tape- real-time market orders
3 Clusters- how much volume came at one or another price.

They are all equal for my analyses. When I see something unusual on any of them for ex. big limit order(s) volume in order book, big tick in the tape, unusual volume in the cluster it tells me that something is going to start and I am ready for a trade.

As per charts- You see , I am trading what is going on for the moment, here and now ( not the history on the chart ) -because the DOM for me is always primary, it will tell you where and how most probably the chart will be drawn.

I use chart to see and to mark the key levels for the instrument and then I am looking for activity in the DOM (I explain above ) near this levels.

So if I grade the importance of instruments in my analysis -25% Exchange glass, 25 % -tape,25% clusters and 25 % it is the chart..

The last 2 days Cscalp had a bag with tape and clusters, they are not shown. So the 50% of information in my analysis is missing ,so I don't trade. They promised to fix the problem till Monday. So see u in the Dom on Monday.

Have a nice Sunday,Hline!
Success is nothing more than a few simple disciplines, practiced every day.
  • #138
  • Oct 17, 2021 3:21am Oct 17, 2021 3:21am
Quoting HLine
Collecting spread on HUM, made 21% on the account thus far. Seems like im a bit frozen, or anxious to continue today. Perhaps i dont trust myself and lack confidence in spotting the right opportunities/volume. @Machinator: Can you please tell some more how you 'think' when you look at an asset in the DOM? (im just trying to learn and grasp your thinking, perhaps written in different ways might help fill in the missing pieces, dont feel offended) If i look at the DOM, i try to find high density (big volume) in the orderbook. Then i look at the chart...
Hline ,glad to see your positive results!

The only way to grow in this business is to increase volumes at the same time managing risks. Try to increase your trading volumes every week or even during the day(if the market is good) when you are in profit, so you are risking what you have earned for the day.

Even when I started with Forex here, I run it as a business. Any business needs an investment-investment of time and money. Think about it. I recommend to buy one 4k monitor to see/to trade more situations. Don't buy a new one, leave this pleasure when you have enough money in your trading account. Buy a used one and I assure you will recoup your business expenses less than in a month.

The second way to grow exponentially in this business it is to grow in a team. You can try to find here some guys here who are interested in trading crypto, form a team and during the day communicate/trade in discord.

Think about it, Hline.

Regards!
Success is nothing more than a few simple disciplines, practiced every day.
  • #139
  • Oct 17, 2021 10:24am Oct 17, 2021 10:24am
Quoting Machinator
{quote} Yes Hline , you are right-stop making it difficult! 1.You see the situation 2. See the stop point in the order book 3.Evaluate the situation and decide how many your trading volumes to load 4.Clicking left or right mouse(putting limit orders or entering buy market price) button depends is it long or short 5.Putting your limit orders to close the trade and manage the trade. If price reaches your closing orders that's good you make profit if not without any hesitation you close your trade with the possible small acceptable loss. Thats all!...
Hi Machinator,

Thanks for placing me back on my feet. Yes somehow i always manage to make things difficult.
I was about to write some things but i need to think before since somehow i have a missing connection.
I think one of my things is that i let the charts 'lead' me due to the drawn levels up front...
Somehow i look different at the DOM when we approach the level and then expect price to bounce or so
without paying to much attention to the other elements.
Not sure how to put it into words, frustrating since i want this so bad.
I agree, its a business thats why i need to have it clear and be able to cut my losers fast.
Not always while spread collecting i know where to exit my losing trade, any ideas?
So if you look at the clusters, you look specifically for price levels which contain a lot of volume
or you also look at other clues in the clusters?
Currently i trade one and two min lots depending upon the setup and if i feel comfortable with it.
But reflecting upon some earlier post you made, stepping out of your comfortzone to grow, i think i will increase
my base size to 2 min lots and then take the 2nd 3 lots or something.
The additional monitor will come then if its going well, and i have a larger desk to be able to put it on
Yes, a team sounds great. Both my sons want to learn this so i could start with them as a team.
Sorry if this post seems a bit off, difficult to put it into words. I guess i need to look more at all situations.

Have a great sunday!
Regards
  • #140
  • Oct 18, 2021 1:07am Oct 18, 2021 1:07am
Quoting Machinator
{quote} Hline ,glad to see your positive results! The only way to grow in this business is to increase volumes at the same time managing risks. Try to increase your trading volumes every week or even during the day(if the market is good) when you are in profit, so you are risking what you have earned for the day. Even when I started with Forex here, I run it as a business. Any business needs an investment-investment of time and money. Think about it. I recommend to buy one 4k monitor to see/to trade more situations. Don't buy a new one, leave this...

Hi Machinator,

I had a good talk with my boss (wife ) yesterday and talked about our discussion here, or more
your input.
After that i re-watched the first CScalp course video and i think it opened my eyes to some things i did ask and
which confused me.
All the sudden some remarks of you start to make sense, like 'find out why the price moves'. I did find that difficult
but now i realize that when drawing up the patterns on the chart we can find out the reason and anticipate on that.
So i decided that i will use this week (and maybe next week) to restart a bit and not post anything to start treating it like
a business with a proper plan. I also need to work on my exiting losing trades more easily and quick.
I also noticed this morning that my transaction take and the clusters panel do not show any information so i contacted CSCalp.
In the meantime im trying to setup my monitor to follow the top 10 movers with 5 charts below it so i can use two tabs but still
have more potential trades according to the patterns etc.
I want to thank you for your continuous support and feedback and really appreciate that.

Hope to talk soon and post some good results!
Have a great week!
0 traders viewing now