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  • #161
  • Edited 5:54am Nov 2, 2021 1:47am | Edited 5:54am
Quoting Machinator
{quote} Look Hline trading itself is a very hard and complicated job till you find your comfort zone and start not trading for money (I mean to close your and your family basic daily expenses).After this many times and all the time Market will try to push you out from this zone, so you should be ready and cooperate with this. And if you don't like/love what you do and in the market only for money ,The Market will grind you in months or even weeks. I have seen this with other even very good traders many times. Good results, keep them up! As per your...
Hi Machinator,

Yes i remember you writing earlier in the thread about moving sometimes beyond your boundaries to experience growth.
For me the biggest thing is the taking loss indeed, thats my mission for the coming days/weeks how long it will take.
But i will get there, might take some time though.

Im trying to spend as much time as possible in the DOM and look at the things you have posted. Then practicing it live with real trades helps me move further.
Right now its not about earning something, just taking a lot of trades, making it a habit to cut the losses and wait for the next setup.

Your statements are motivating indeed but also at times 'annoying' lol in the good sense.

Today i have limited time so probably no trading.

Thanks again, have a great day!

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update:
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  • #162
  • Nov 2, 2021 2:30am Nov 2, 2021 2:30am
Thanks for your contribution. How do you find the most volatile cryptos? Do you change this selection over time? how often do you update that selection?
  • #163
  • Nov 2, 2021 3:33am Nov 2, 2021 3:33am
Quoting jonander50
Thanks for your contribution. How do you find the most volatile cryptos? Do you change this selection over time? how often do you update that selection?
Hi Jonander,

Not sure if you wanted to address someone but im using the Telegram bot Machinator pointed out.
This bot you can set to say H1 and it will list the most moved instruments for that past hour.

This way you can find any entry on those if you like.

Also i try to watch the quantower watchlist where i have added all my (FTX-perp) instruments and sorted it change.

Hope this helps
  • #164
  • Nov 2, 2021 4:25pm Nov 2, 2021 4:25pm
Quoting Machinator
{quote} Hi , Mike! You are welcome! My congrats with your family ,the best thing in the word for man to have his own family and kids,this is the best motivation to live and to be happy and enjoy this life. Mike , never forget this is not a sprint but marathon. Devote to your new interest 15 minutes half an hour ,an hour a day ,it is doesn't matter how much but make it periodically ,every single day and maybe after a year or two you will master a new profession, anew craft as I call trading. Keep in toch!
Hi Machinator,
That first line reference the family is so true. I'm not trading Cryptos, but find your thread very interesting. My trading is in the Currency Futures & Spot Forex markets. Your teaching skills are outstanding. You are lighting the way for those willing to learn. Best of trades to you my friend.
  • #165
  • Edited 6:05am Nov 4, 2021 4:52am | Edited 6:05am
Continued collecting spread/activity.

Slowly improving and starting to get a better feel for the DOM.
Used the QT Watchlist sorted on change to spot some oppertunities.

SOL-perp wasnt a correct setup by the book but managed to cut my loss and ended positive.

Taking losses is going better and better which is the biggest gain for me personaly.

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Have a great day, hope you guys are doing good also!

update: some more trades - going to watch the DOM now, no more trading. 18% gain today, thanks Machinator!
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  • #166
  • Nov 5, 2021 2:06am Nov 5, 2021 2:06am
Quoting HLine
Continued collecting spread/activity. Slowly improving and starting to get a better feel for the DOM. Used the QT Watchlist sorted on change to spot some oppertunities. SOL-perp wasnt a correct setup by the book but managed to cut my loss and ended positive. Taking losses is going better and better which is the biggest gain for me personaly. {image} Have a great day, hope you guys are doing good also! update: some more trades - going to watch the DOM now, no more trading. 18% gain today, thanks Machinator! {image}
Hi Hline,

May I ask what is a setup for you? And you said you cut your loss when >= 0.5%. Does that mean your account is down 0.5%?

Thanks
  • #167
  • Edited 7:24am Nov 5, 2021 5:13am | Edited 7:24am
Quoting LidBizzKid
{quote} Hi Hline, May I ask what is a setup for you? And you said you cut your loss when >= 0.5%. Does that mean your account is down 0.5%? Thanks
Hi LidBizzKid,

Thanks for asking this question but i must warn you im a beginner in this and in no way i pretend to understand this all just yet.

What made some clicks in my head was the last vid Machinator posted (https://www.forexfactory.com/thread/...5#post13764555) about collecting spread/volatility.

Cant explain exactly what but looking at the DOM more and more i think i can more easily see some big clusters of volume in the limit book. If i see for example some heavier volume below current price im long biased and try to scalp for 0.2-0.5% each trade away from the below density.
Should price go against me with -0.5% i try to exit my trade. This was my biggest hurdle but im finally improving.
First i try to exit at a better price by a limit order but if price goes faster i just exit it and try to find a new situation to scalp off from.

Im honestly not sure about the %, if im down 0.5% im not down that amount in balance so i think its based on the price change or something. I might be wrong.
Still using the lowest size possible at the moment so perhaps Machinator can explain that and verify the above!

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Hope this helps a bit.
Have a great day

update: not many other trades, need to leave but i also try to find instruments which moved and made a wick. Then i try to sell/buy into the wick when i think to see a density there.
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ps: i love your quote Machinator : "Success is nothing more than a few simple disciplines, practiced every day."
  • #168
  • Nov 5, 2021 9:58am Nov 5, 2021 9:58am
Quoting HLine
{quote} Hi LidBizzKid, Thanks for asking this question but i must warn you im a beginner in this and in no way i pretend to understand this all just yet. What made some clicks in my head was the last vid Machinator posted (https://www.forexfactory.com/thread/...5#post13764555) about collecting spread/volatility. Cant explain exactly what but looking at the DOM more and more i think i can more easily see some big clusters of volume in the limit book. If i see for example some heavier volume below current price im long biased and...
Thanks a million for your answer. I am asking because you are doing great (you are the grade A student )

Can you show a print of what you consider big volume? Is in the tape? I look at the DOM and nothing stands out volume wise.

All the best
  • #169
  • Nov 6, 2021 12:03pm Nov 6, 2021 12:03pm
Quoting LidBizzKid
{quote} Thanks a million for your answer. I am asking because you are doing great (you are the grade A student ) Can you show a print of what you consider big volume? Is in the tape? I look at the DOM and nothing stands out volume wise. All the best
Sure no problem, but again verify each thing i write since im a beginner myself and its just my vision of how i interpret the presented things.

@Machinator, could you give some critics if my answers do make sense or not?

The following is an example i just saw when i started CScalp.
What i try to find is some zones of volume which stick out to me. The red marked zones seem to me to have a (slight) heavier weight in volume then the blue marked zones. Coupled with the fact that on the chart we had a red pinbar on a swing high it seems to me the bias short could give a higher probability to trade to.

This is how i did it last week since i saw this in the video posted, at least thats what i made from it.
It sometimes isnt necessarily the biggest volume on the DOM but if you count the zones together you could kind of see where the imbalance is and trade from that.

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Just disregard this post if its not making sense, or when Machinator corrects me!

Have a good weekend all
  • #170
  • Nov 6, 2021 1:17pm Nov 6, 2021 1:17pm
Quoting HLine
{quote} Sure no problem, but again verify each thing i write since im a beginner myself and its just my vision of how i interpret the presented things. @Machinator, could you give some critics if my answers do make sense or not? The following is an example i just saw when i started CScalp. What i try to find is some zones of volume which stick out to me. The red marked zones seem to me to have a (slight) heavier weight in volume then the blue marked zones. Coupled with the fact that on the chart we had a red pinbar on a swing high it seems to me...
Nice! Thanks. It makes a lot of sense.

I see you don't do much analysis on the tape. I will see the video again with other eyes.

Thank you very much for your time and help.

All the best
  • #171
  • Nov 8, 2021 1:39am Nov 8, 2021 1:39am
Quoting LidBizzKid
{quote} Nice! Thanks. It makes a lot of sense. I see you don't do much analysis on the tape. I will see the video again with other eyes. Thank you very much for your time and help. All the best
Hi LidBizzKid,

I think the following post of Machinator also kind of addresses this, the accumulation of buy limit orders. Thats kind of what i look for in it.
At least how i understand it.
https://www.forexfactory.com/thread/...2#post13701222

When i see such a accumalation zone i try to look at the transaction tape and see if it has more buy/sell trades at the moment but to be honest i sometimes overlook
it due to focusing to much on the dom. Still learning!
  • #172
  • Edited 8:28am Nov 8, 2021 3:09am | Edited 8:28am
Quoting HLine
{quote} Hi LidBizzKid, I think the following post of Machinator also kind of addresses this, the accumulation of buy limit orders. Thats kind of what i look for in it. At least how i understand it. https://www.forexfactory.com/thread/...2#post13701222 When i see such a accumalation zone i try to look at the transaction tape and see if it has more buy/sell trades at the moment but to be honest i sometimes overlook it due to focusing to much on the dom. Still learning!
Nice! Still learning too, although there aren't many open source resources...

The video you mentioned (https://www.forexfactory.com/thread/...5#post13764555) has a lot of useful info suppressed/"deleted" (maybe intentionally because directs viewers for streaming channel? Bragging maybe...). I can't figure out the criteria for entering and don't speak Russian. Oh well..
  • #173
  • Nov 9, 2021 5:33am Nov 9, 2021 5:33am
Somehow i dont see it today, or to late and missing oppertunities. At least more winners then losers.

Trying to code and trade is not that easy..

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Hope you guys are doing good. How are you doing @Machinator?
Have a great day
  • #174
  • Nov 9, 2021 8:25am Nov 9, 2021 8:25am
Quoting HLine
Somehow i dont see it today, or to late and missing oppertunities. At least more winners then losers. Trying to code and trade is not that easy.. {image} Hope you guys are doing good. How are you doing @Machinator? Have a great day

Are you a coder? Couldn't this concept be automated?
  • #175
  • Nov 9, 2021 8:59am Nov 9, 2021 8:59am
Interesting situation today in bnbusdt.

The price was approaching the 650 level, a level at which there are 1,400 sell limit orders, creating a "resistance" or sell wall.

And watch the price drop right now.
  • #176
  • Nov 9, 2021 9:00am Nov 9, 2021 9:00am
Wow, price is falling hard.
  • #177
  • Nov 9, 2021 10:20am Nov 9, 2021 10:20am
The truth is that I am a trend trader and forex scalper purely based on price, and I have always avoided complexity, but I have thrown a coin with this thread and the fact of having seen that sell wall at a maximum and immediately see the fall price, has motivated me to continue with it because it may not have been a coincidence.
  • #178
  • Nov 9, 2021 11:54pm Nov 9, 2021 11:54pm
Quoting acetrader
{quote} Hi Machinator, That first line reference the family is so true. I'm not trading Cryptos, but find your thread very interesting. My trading is in the Currency Futures & Spot Forex markets. Your teaching skills are outstanding. You are lighting the way for those willing to learn. Best of trades to you my friend.
Dear friend, thanks for the very kind words, appreciate a lot!
Good students make any teacher good. In trading it is actual as nowhere. I am sure you know in this business presence of a tutor is important(it is always very good when there is somebody who will point you on your mistakes and your strengths sides ),but not obligatory, in the end it turns out like the all path you should pass by yourself and build yourself as a trader or as a looser.

Take care and be in green!
Success is nothing more than a few simple disciplines, practiced every day.
  • #179
  • Edited 3:26am Nov 10, 2021 12:31am | Edited 3:26am
Quoting HLine
Continued collecting spread/activity. Slowly improving and starting to get a better feel for the DOM. Used the QT Watchlist sorted on change to spot some oppertunities. SOL-perp wasnt a correct setup by the book but managed to cut my loss and ended positive. Taking losses is going better and better which is the biggest gain for me personaly. {image} Have a great day, hope you guys are doing good also! update: some more trades - going to watch the DOM now, no more trading. 18% gain today, thanks Machinator! {image}
Good Hline! Keep going up. When you see a situation which is already familiar to you don't afraid to try with increased volume.
I wanted to point it before but forget- make your cluster setting volumes right, it will helps you a lot, to see situations immediately and correct.
Have a look Cope and Mob spots there are interesting robots on them,try to detect them understand what they are doing and make money from them. Look at Spell and CRO,Emb spots during the day it gives a lot of situations to catch the volatility from the big volumes in the glass.

Keep in touch!
Success is nothing more than a few simple disciplines, practiced every day.
  • #180
  • Edited 1:02am Nov 10, 2021 12:41am | Edited 1:02am
Quoting LidBizzKid
{quote} Thanks a million for your answer. I am asking because you are doing great (you are the grade A student ) Can you show a print of what you consider big volume? Is in the tape? I look at the DOM and nothing stands out volume wise. All the best
Special for u still hot) Big volumes in the glass which push the price higher and higher The participant from down+ 1430 contract limit order robot is trying to realize his volumes and every time with higher price. For the moment I am 1.2% in profit.

*+the second example participant on Srm- entering point with short stop so I am in.
**+ polis big volume in the glass, you can try to collect volatility near this volume.
*** I can continue continue and continue. A lot of situations ,just open a terminal and trade.
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Click to Enlarge Name: SRM.png Size: 45 KB
Click to Enlarge Name: Polis.png Size: 47 KB
Success is nothing more than a few simple disciplines, practiced every day.
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