{quote} Some people use divergency of cumulative delta and price
Simplicity is the ultimate sophistication - Leonardo da Vinci
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 4,924 Posts
- Joined Jan 2016 | Status: Member | 913 Posts
{quote} Yes, I know. Divergence looks popular and in fact the only and prevailing usage of cumulative delta. However, divergence is hindsight view and I consider divergence is a joke.
BN
- Joined Jun 2011 | Status: Member | 6,656 Posts
The markets are speaking to you. Do you know their language? I M T
- Joined Apr 2020 | Status: Member | 1,391 Posts
{quote} use 6/30/120/240/480 etc. 60 as the base has good logic. Similarly, some people use Daily as the base. 24hrs=1440 minutes, and then have minute TFs 1440/720/360/180/90/45/23/12/6/3/1 (The quick witted took note of 360/180/90).
Also about daily open. It works perfect on crypto, because the market is open 24/7 and there are no gaps.
On forex it works not good because of gaps, because it works only 24/5 and has strong marked sessions. Because of that the data is incorrect.
I prefer use, I called it, Asian Middle. I start to watch high and low from 2am (+2 hours from day start) to 9:59 (London Open). And then draw the middle line. It is much more accurate. Of course if you are not trading Asian session. Otherwise daily open is the only choice.
And the same about moving average and every indicators. They work not good on forex 1h-4h for that reason too. They have incorrect, incomplete and corrupted data because of sessions and 24/5. So that is the reason why I trade forex on lower TFs. Because then the data is ok.
{quote} Ryuryu, what I can say, You are very generous person, thank you!
I was sure, that it will bounce from EMA120.
And it bounced. That's why I prefer close the position as soon as possible. Here we have EMA120 before EMA6 low, so there is no big room to trade.
As one "trader" said in another thread "big traders respect 200 EMA". Haha. As you see they "respect" 120 EMA as well
In fact this is total bullshit, because average is AVERAGE, and that's why price always will hit it. Not because traders respect it haha
p.s. it could pierce through all the EMAs and go deep underwater as well. But divination is not my forte.
Observer effect
- Joined Apr 2020 | Status: Member | 1,391 Posts
Yesterday it was a clear signal on most crypto shitcoins. I have chosen Matic.
And the day starts with +42% profit. Nice drop!
it was -12%, the leverage about 5. Very very good.
BTW there is an approach called 3 screens. I have the same but 3 charts (of 5, 10 whatever you like). How it works: first you need to choose few coins you trade with similar bias. Then choose one to trade, but check other to confirm the entry. Like "too small candle" or "too long shadows". Let's say if 5/5 then ok. If 5/1 then do not enter, better skip it.
For example yesterday the same signal was found exactly at the same candle on doge, near, xrp, matic, algo.
And the day starts with +42% profit. Nice drop!
it was -12%, the leverage about 5. Very very good.BTW there is an approach called 3 screens. I have the same but 3 charts (of 5, 10 whatever you like). How it works: first you need to choose few coins you trade with similar bias. Then choose one to trade, but check other to confirm the entry. Like "too small candle" or "too long shadows". Let's say if 5/5 then ok. If 5/1 then do not enter, better skip it.
For example yesterday the same signal was found exactly at the same candle on doge, near, xrp, matic, algo.
Observer effect
- Joined Apr 2020 | Status: Member | 1,391 Posts
Let's study a little how to combine MA, Stoch and Delta entries/exits.
As you see on the chart there were clear entry on XRP
1. Stoch was on top
2. MAs are in bear order
3. It was >=3 positive delta's in a row and then negative. Amount was also good.
Now let's check next. As you see it was green delta -> red delta. But there were no "3 in a row" rule. So there were no signals for long entries.
To make a trading decision all rules must math. Like 5 of 5. If there are 4 of matched for example, you should check another coins. If there are 3 of 5 you can open you trade with small amount and low leverage. Or it is better just to skip and wait for another opportunity. There is no need to hurry. You must be absolutely sure.
People ask me question where to set SL? Personally I'm not using SL for the first entry. If I'm wrong I just reverse the trade after next candle close. If second try fail too then I just close everything is loss and start to look for new entry. But before I pause all the trading for 6 hours at least. No hurry, no greed, no fear, no revenge trades.
As you see on the chart there were clear entry on XRP
1. Stoch was on top
2. MAs are in bear order
3. It was >=3 positive delta's in a row and then negative. Amount was also good.
Now let's check next. As you see it was green delta -> red delta. But there were no "3 in a row" rule. So there were no signals for long entries.
To make a trading decision all rules must math. Like 5 of 5. If there are 4 of matched for example, you should check another coins. If there are 3 of 5 you can open you trade with small amount and low leverage. Or it is better just to skip and wait for another opportunity. There is no need to hurry. You must be absolutely sure.
People ask me question where to set SL? Personally I'm not using SL for the first entry. If I'm wrong I just reverse the trade after next candle close. If second try fail too then I just close everything is loss and start to look for new entry. But before I pause all the trading for 6 hours at least. No hurry, no greed, no fear, no revenge trades.
Observer effect
- Joined Jan 2016 | Status: Member | 913 Posts
Not all elements of context are shown here, but those that are strong enough discourage long positions
BN
- Joined Apr 2020 | Status: Member | 1,391 Posts
I would pick these trades. Red arrow = short, green = long.
I see you have 1m and 1H but MAs are very strange... and they have different time...
Anyway, this way:
On the fisrt screeshot there were first big delta, but the candle is too small. So the entry is after next one only.
I see you have 1m and 1H but MAs are very strange... and they have different time...
Anyway, this way:
On the fisrt screeshot there were first big delta, but the candle is too small. So the entry is after next one only.
Observer effect
- Joined Jun 2011 | Status: Member | 6,656 Posts
The markets are speaking to you. Do you know their language? I M T
- Joined Apr 2020 | Status: Member | 1,391 Posts
I'm done for today +2.95% on forex
20 trades on Gold and one on GBP. Today was no loss trades.
That GBP trade was a mistake haha. I was changing the chart checking things. And forgot to switch back to XAU. And saw beautiful setup. Jumped in, jumped out. And was very strange that the profit was that small. Then I realized that that was not XAU, but GBP
+0.21% XAU Long
+0.09% XAU Long
+0.10% XAU Short
+0.20% XAU Long
+0.14% XAU Long
+0.13% XAU Long
+0.11% XAU Long
+0.10% GBP Short
+0.05% XAU Long
+0.15% XAU Long
+0.02% XAU Short
+0.05% XAU Short
+0.08% XAU Long
+0.33% XAU Long
+0.20% XAU Short
+0.08% XAU Long
+0.14% XAU Short
+0.03% XAU Long
+0.09% XAU Short
+0.43% XAU Long
+0.18% XAU Long
Crypto trades today
+5.95% BTCUSD Short
+1.12% BTCUSD Short
+8.89% BTCUSD Long
+16.67%
+85.67% MATICUSDT Short
+42% total (yesterday doge long was negative)
20 trades on Gold and one on GBP. Today was no loss trades.
That GBP trade was a mistake haha. I was changing the chart checking things. And forgot to switch back to XAU. And saw beautiful setup. Jumped in, jumped out. And was very strange that the profit was that small. Then I realized that that was not XAU, but GBP
+0.21% XAU Long
+0.09% XAU Long
+0.10% XAU Short
+0.20% XAU Long
+0.14% XAU Long
+0.13% XAU Long
+0.11% XAU Long
+0.10% GBP Short
+0.05% XAU Long
+0.15% XAU Long
+0.02% XAU Short
+0.05% XAU Short
+0.08% XAU Long
+0.33% XAU Long
+0.20% XAU Short
+0.08% XAU Long
+0.14% XAU Short
+0.03% XAU Long
+0.09% XAU Short
+0.43% XAU Long
+0.18% XAU Long
Crypto trades today
+5.95% BTCUSD Short
+1.12% BTCUSD Short
+8.89% BTCUSD Long
+16.67%
+85.67% MATICUSDT Short
+42% total (yesterday doge long was negative)
Observer effect
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 4,924 Posts
Although I don't really follow Ryan's strategy, his usage of Delta Volume is pretty interesting and creative. I am trying to attach this to my own strategy....
The following is 1M /NG chart (sorry, yes it's a hindsight chart). Delta Volume quick reverse. Cumulative delta is a bonus.
The following is 1M /NG chart (sorry, yes it's a hindsight chart). Delta Volume quick reverse. Cumulative delta is a bonus.
Simplicity is the ultimate sophistication - Leonardo da Vinci
- Joined Apr 2020 | Status: Member | 1,391 Posts
Good news everyone!
I have created a bot that search for market imbalances.
It look like this:
As you see huge negative delta (3 in a row) changed to huge positive.
What happened at that time on the market:
Of course we need context. Where is the price. What are stoch/RSI values. What is the local and main trend.
Also you must understand that this is 1m scalping signals. They are for professional scalpers only (too fast, but good to test the discord and bot features)
I will add EURUSD, GBPUSD and major crypto coins and will create separate channel for each one.
How I use it: like alarm. As you know I'm trading crypto on 1H tf and there is no need to hurry. And there is no need to sit and watch the charts for hours.
Just get your signal, open the chart, examine it and make a decision open the trade or not. That easy.
Ah yes is it totally free for you my friends!
I have created a bot that search for market imbalances.
It look like this:
As you see huge negative delta (3 in a row) changed to huge positive.
What happened at that time on the market:
Of course we need context. Where is the price. What are stoch/RSI values. What is the local and main trend.
Also you must understand that this is 1m scalping signals. They are for professional scalpers only (too fast, but good to test the discord and bot features)
I will add EURUSD, GBPUSD and major crypto coins and will create separate channel for each one.
How I use it: like alarm. As you know I'm trading crypto on 1H tf and there is no need to hurry. And there is no need to sit and watch the charts for hours.
Just get your signal, open the chart, examine it and make a decision open the trade or not. That easy.
Ah yes is it totally free for you my friends!
Observer effect
- Joined Sep 2015 | Status: Member | 1,799 Posts
Good news everyone!
Another great tool and I like your term "context".
I am using his tool as I speak at 7pm on a Saturday night.
Signal - Possible market imbalance detected! Huge NEGATIVE Volume Delta found on BTC 1H TF
We previously just had a couple of bullish signals (on my software) against a strong trend - then came Ryan's strong delta signal.
Result for me was a nice winner +0.75% of my equity.
Lets not put on any stupid lines on a chart, any 3 bar reversal setups, any bearish engulfing candle stick patterns - or any other traditional bullshit TA method.
If the Market orders coming through the market are Selling, and the big players are NOT ABSORBING these orders
You ain't going to lose to often (Once you understand Liquidity)
Now, all I need to do is pay Ryan the fee
JOKING - He charges NOTHING for his signals
What are you waiting?
Seriously
Trading thin liquidity at the boundary of the charts
- Joined Apr 2020 | Status: Member | 1,391 Posts
{quote} Hi Ryan Another great tool and I like your term "context". I am using his tool as I speak at 7pm on a Saturday night. Signal - Possible market imbalance detected! Huge NEGATIVE Volume Delta found on BTC 1H TF We previously just had a couple of bullish signals (on my software) against a strong trend - then came Ryan's strong delta signal. Result for me was a nice winner +0.75% of my equity. Lets not put on any stupid lines on a chart, any 3 bar reversal setups, any bearish engulfing candle stick patterns - or any other traditional bullshit...
Yeah, the context is everything. Like here. BTC dropped too much and it took too much time already. So it is pretty safe to open long after huge delta found 3 times in a row and them huge buy delta.
I took that one:
And I gained +4.48% in BTC and +1.76% in USDT.
Let me tell you one "hint". It works perfect on longs if you have both btc and usdt.
First you can enter short with 1x leverage on BTC. It will give you positive funding rate very 8 hours. If the entry is correct then you can close it in profit and re-open new one. If it is in loss - don't panic. Wait till positive delta signal occur, check the context, buy BTC on spot, transfer them to you derivatives.
Then close in profit, remove all the BTC profit, leave some profit in btc (like I leave 4.48%). Transfer all back to spot and sell.
And you will have double profit, one in BTC and one in usdt. In my case I have increased my BTC value at 4.48% and my USDT value at 1.76%
Observer effect
Good news everyone!
How to get your bot tool?