Most volatile EU/GU/XAU/BTC trading

Every person who tries to trade must pay the piper ..... regardless of how superficial their thinking ......




Strategies don't work if you assume you've learned the real basics..... no matter how old you are or what you're trying to achieve.
(A referenced statement from the past)

Peter

Hi Matt

I just offer my opinion how the markets work, its a balancing act between urgency market orders and passive but often absorbing limit orders.

Below is a series of footprint charts that I hope you see that for every Long order placed on the market, its Stop order is actually a Sell market order set at ask, and hidden from the liquidity pool.

When these stops sit within a cluster grouped together, they act as a single order having the same execution time stamp and close each other instantaneously without any time difference. You can see in the first EURUSD chart, it took just a small amount of funds to move price 18 pips

Maybe $100,000 only
Not $200 Million dollars some frauds from financial houses want to make us believe.

Just trig the pool of stops by hitting only one order and you create a cascading move of stops destroying the Buyers who placed them.
Seems a bit unfair to me, but its how the big players can move the market at ZERO expense.

Chart two shows how they trigger these stops at breakout zones too encourage sellers into the market - at no expense to them of course.
I took this long trade last night on Gold, while also searching for trades on US30 & the S&P.
In another post, I should show you how you can play "cat & Mouse" with the Nasdaq - that's a lot of fun.

Chart 3 is how I use large delta to trade the markets. Some stuff I need to not discuss.

Bringing this idea back to this thread, here we search for three delta signals in a row and look to trade after DELTA FLIPS
Its a balancing act between decent delta readings and strong volume readings.

Trading Imbalances on the Order Book once the move is confirmed by Delta Reversals

What pisses me off is just wasting 1.5 hours building this post, Zoltan will be laughing his head off - WHY?

Thanks a TON to take the time to post this Rick.
Respect,
James

Moving forward with Ryan's thread, lets see how you can earn a days pay in a few hours while still in your pyjamas.

Its a Sunday morning in Brisbane around 7am, the hardest working trader (debatable) already has a hot cup of coffee sitting next to their computer screens and is reviewing the current delta levels. I turn on my crypto platform and start running through the data I see moving through the wall and measure the urgency of delta numbers running through the market at present.

What should I trade?

If you have 10 USDT spare, and a few hours of your time. No fees for platform hire or data - all free (There is still a free lunch)

XRPUSDT is my preferred crypto market to trade and it provides using Derivatives a nice leverage and very powerful and accurate access to volume data with little absorption.

(Little absorption means buyers entering the market push price up, sellers entering the market push the price downwards)

So what, that's what happens on forex and index's markets doesn't it?

No

Big players on Forex and Index markets heavily install blocking orders or remove liquidity off the market to influence price.
There its a game heavily controlled by big financial institutions playing games with liquidity.

CRYPTO on the other hand is influenced more by the herd, the mass of smaller players pushing market orders to obtain a position that moves the market most of the time. Only for small periods when the whales come in to dump liquidity / obtain more coin do they effect the Order Flow reading ability.

What does this mean?

Delta is king on the crypto market, follow blindly the herd and winning $$$$ is too easy, it gets embarrassing.

This morning I took 7 trades and earned about 2% increase in my crypto portfolio.
My key signals come from delta, but Ryan's neat little indy that contains MA's, Stoch etc. offers some nice confirmation to trade.

Chart 1 is the Tradingview Chart setup the group trades from which (maybe not Ryan's later delta update) the three amigo's and the engineer trade from.
Chart 2 is the wall, a simple but highly effective orderbook that is extremely easy to read, and reliable to trade with.

Its all free, Data is free, you don't even have to subscribe to TV if your'e a cheap arse.

I ask a question, if you have 10 dollars spare - why are you reading my post and not learning a new skill trading crypto on a Sunday.

I guess this is not your trading pyjama.

While great traders in other threads are searching for simplicity, drawing lines and thinking how prop firms are great we are earning every day.
But I think there is nothing to add here. Everything already explained.

So if you guys and girls have questions please ask.

Stay green!

Ryan, I think I get out too early. May I ask what settings you use on oscillator for profit taking?

Since I can't predict the future there is no sense to regret about future price movement.
I use average distance to set my TP. For example for XAU today it is 0.048%, for BTC it is 0.087%

In fact my second name is "ClosedTooEarly", so fo me it is not a problem at all.

Today +9.98%

heh

Look at that beauty

Nah, better earning 20% a day

About discord server.


All who was kicked today from my discord trading room can say thank you to this great trader: moodybot

My Discord trading room is for friends. Like one of the members said "It’s not a learning forum, a working one build on trust".

TRUST. Also it is not demo trading. It is no dreaming. Not about drawings on historical data. Not about "prediction" and feelings. It is real live trades every day.

Someone has violated the rules. But I don't have time to investigate who it was.

1-Please don’t share discord log ins or the link to this discord group with anyone.
2-Do not share the content within this discord group. Any IP,information, such as formulas, tools, indicators, bots etc that might be shared in this group should stay in this group and never be shared with anyone else without permission.

So if you are so good, clever, wise, lucky great traders go follow moodybot and draw your fancy lines with his friends.

He is not only a lying envious rat, he is also a coward.

Keep you demo dreams with fancy line drawings away for this thread. We don't want you here.

People ask me how I set TP.

I have different approaches on each market. On forex I'm using only marker orders (because the fee is equal and forex is not real) and trailing stop.
On crypto I'm using only limit orders because the fees are much lower or you even can get rebates instead of paying fees.
But the distance is calculated the same way on both. It is distance between ema6 high and ema6low / 3
Why? Because if average price movement is X than X/3 price will travel for sure.

Why I don't use static RR or static TP levels like "50 pips". Because 50 pips for btc is too small distance, but for EU it is impossible to reach. Distance depends on market conditions and the asset you trade. That's why static values don't work. Also risk reward ration can't be static too, because it also depends on market conditions.

You can adjust you TP using some multiplier and calculations of speed of market. Speed is how many orders per 100millisecond was traded. Faster the speed - wider the TP range.

GUYS, JUST STOP IT, PLEASE...

“Let anyone among you who is without sin be the first to throw a stone ....”

I don't like to see here jealous persons. They are destructive by their nature. Instead of making their lives better they bark like dogs on good people.

If you want to succeed in trading you must surround yourself with positive good people. If you want to learn you must find a person who is smarter than you and who has much more experience. There is no need to waste time for that magic lines drawers. Let them draw their fancy rectangles in other threads.



My discord group is waiting for good people. But it will be not "for all". Try to find a member and ask him/her for invite. And the rules are: if invited person violate the rules, then person who invited him/her will be kicked too.

Hey ryan, keep up good work!
What about the trailing stop at crypto? Another question is; that was a really great entry on (Mar 21, 9:41pm) post. That entry candle pattern seems inverted hammer, isnt it?

I am currently using Heiken Ashi to determine the best exit point and maximize gain.

Thank you stevehunt!

On crypto I don't use trailing stop, because I need to close the position using limit order (to get rebate or to get lower fee).
It was the idea to switch to heiken after position created. May be we will make it after custom charts will be created. First we need not to get buy vol/sell vol like tradingview give us, but realtime trades, to compare filled ask/bids.