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Attachments: Daytrading/Scalping in Crypto markets
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Daytrading/Scalping in Crypto markets

Quoting HLine
Hi guys, Took this trade this morning but exit could be better. Just like the idea, thanks to Machinator! Spotted the squeeze on GMT spot and then turned my focus to the GMT Future. Noticed some bigger volume for a short and took the trade. Got some limit sell pending in case the price tried to re-attempt the squeeze but that didnt get filled. Left on the pic is the future, right side is the spot. The small chart inset is the GMT SPOT where you can see the squeeze. Its simple but i need to practice more and more. {image}
Took two more scalps both for +0.5% but first my screenshot caused the position to close (CTRL clicked dumb...) and the second QT crashed so nothing
valuable to show here.

Just to say waiting for SPOT squeezes (pinbar whatever) and then taking future trades off big volume in the glass works quite well.
Another (smaller) squeeze from SPOT GMT.

Exit at +0.4%

Attached Image (click to enlarge)
Click to Enlarge Name: 20220419.0914 GMT short.png Size: 51 KB

At the moment we have larger buy limit volume in the SPOT glass for GMT so we can expect some up move if it reaches it.

I used the same volume to collect spread also this morning. Away from SPOT GMT buy volume and taking profit when it was possible.

Thanks Machinator, getting back on track!
Ok i think you guys get the point.

This time an engulfing pattern on SPOT GMT, in the spot glass we have a large limit buy volume supporting the upwards idea i had.
Then i entered on the future and exit trade in profit.

It all works. Find an probability (squeeze/engulf whatever) on spot (i used that today but you can also only do it on Future) then
find volume large enough to take your trade off and enter.

I will step aside now for a bit, dont want to hijack Machinators thread. Take care

Attached Image (click to enlarge)
Click to Enlarge Name: 20220419.0928 GMT long off from spot engulf.png Size: 153 KB
ok really last one (for today at least)

Squeeze on the GMT SPOT chart, entry short, profit. Simple

Attached Image (click to enlarge)
Click to Enlarge Name: 20220419.0952 GMT short of spot squeeze.png Size: 142 KB
Quoting HLine
ok really last one (for today at least) Squeeze on the GMT SPOT chart, entry short, profit. Simple {image}
At times price moves really fast, snapped my snapshot but it was already closed.
Same old story, squeeze bar on spot, entry of future.

I want this to become so boring! That means i can repeat it over and over again without thinking.

This works guys!
Attached Image (click to enlarge)
Click to Enlarge Name: 20220419.1104 GMT long.png Size: 159 KB
Quoting HLine
{quote} At times price moves really fast, snapped my snapshot but it was already closed. Same old story, squeeze bar on spot, entry of future. I want this to become so boring! That means i can repeat it over and over again without thinking. This works guys! {image}
What can i say more?

Attached Image (click to enlarge)
Click to Enlarge Name: 20220419.1139 GMT long.png Size: 184 KB
Quoting HLine
{quote} What can i say more? {image}
Very nice stuffs, so the basis of the trades above is a long wick and large size to act as support? Come join the discord brother, https://discord.gg/2WrnxCs6uj
Quoting vqs
{quote} Very nice stuffs, so the basis of the trades above is a long wick and large size to act as support? Come join the discord brother, https://discord.gg/2WrnxCs6uj

Well i guess.
Like Machinator once said, a squeeze happens due to bigger market order participants if i
recall correctly.
So then waiting for it to 'finish' (squeeze etc) will give you an idea and when price
comes back to it, even if its a bit, and you see relatively larger volume supporting
your idea, go for it.
Thats the main idea behind the above posts anyway. Seems to pay off.
But sorry, for now im not feeling to comfortable joining the discord since i will need
all my focus while trading. Perhaps in time when im more trusting myself i have this
technique, dont want to tell things which are not correct.
@Machinator, please correct me if i wrote something which doesnt make sense.
New day, same story. Draining continues.

Hope i can keep it up this way.
Really simple, wait for a squeeze on the SPOT and enter from the glass with confirming volume.

At least this works for me, and if i can do this im sure others can do too.

Short:
Attached Image (click to enlarge)
Click to Enlarge Name: 20220420.0903 GMT-PERP Short of SPOT squeeze.png Size: 123 KB

Long: at time of snapshotting the price jumped up so all i have to show is a left pending order but you can see the squeeze.
Attached Image (click to enlarge)
Click to Enlarge Name: 20220420.0939 GMT-PERP Long of SPOT squeeze.png Size: 152 KB

and another short right after: Two stacks, initial size and added when the bar came back slightly in the squeeze bar:
Attached Image (click to enlarge)
Click to Enlarge Name: 20220420.0947 GMT-PERP short of SPOT squeeze.png Size: 143 KB

Hope this helps, have a great day!
wanted to get some coffee but noticed yet another squeeze, couldnt let it go without me.

Its all the same. What else is there to say about this?

Attached Image (click to enlarge)
Click to Enlarge Name: 20220420.0959 GMT-PERP long of SPOT squeeze.png Size: 122 KB

Thanks @Machinator for all your help and guidance!
Quoting HLine
New day, same story. Draining continues. Hope i can keep it up this way. Really simple, wait for a squeeze on the SPOT and enter from the glass with confirming volume. At least this works for me, and if i can do this im sure others can do too. Short: {image} Long: at time of snapshotting the price jumped up so all i have to show is a left pending order but you can see the squeeze. {image} and another short right after: Two stacks, initial size and added when the bar came back slightly in the squeeze bar: {image} Hope this helps, have a great day!...
Can't see any reasons at DOM for the first short trade. I would say DOM rather bullish, since there are a lot of buy limit's at spot. Any reason's to enter trade, but squeeze (pin-bar) ?
Quoting LuckyMind
{quote} Can't see any reasons at DOM for the first short trade. I would say DOM rather bullish, since there are a lot of buy limit's at spot. Any reason's to enter trade, but squeeze (pin-bar) ?
Well i just look at the glass of the future after i have seen some point of interest (on the SPOT lately)

Perhaps i just confuse you guys, perhaps its better if i stop posting till Machinator can comment and correct me if im wrong.

Last one, another squeeze from the SPOT then i watched the future glass for volume and took it short:
Seems to work for me at least.

Attached Image (click to enlarge)
Click to Enlarge Name: 20220420.1043 GMT-PERP short of SPOT squeeze.png Size: 145 KB
Quoting HLine
{quote} Well i just look at the glass of the future after i have seen some point of interest (on the SPOT lately) Perhaps i just confuse you guys, perhaps its better if i stop posting till Machinator can comment and correct me if im wrong. Last one, another squeeze from the SPOT then i watched the future glass for volume and took it short: Seems to work for me at least. {image}
Once again, you do trade versus limit orders at SPOT, so Im confusing what do you see at SPOT DOM, that confirms your short trade
Attached Image (click to enlarge)
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oh well just one more to wrap it up this morning.

Long:
Noticed a first squeeze on Spot but was too late (finally got myself some coffee) but then i noticed the new (current) bar making a squeeze so just
entered when i saw confirmation in the future Glass.

Note the big volume on the future that its pushing price up. Shouldnt have used a auto stop here but its ok.

Attached Image (click to enlarge)
Click to Enlarge Name: 20220420.1104 GMT-PERP long of SPOT squeeze.png Size: 157 KB
Quoting LuckyMind
{quote} Once again, you do trade versus limit orders at SPOT, so Im confusing what do you see at SPOT DOM, that confirms your short trade {image}
No not at all, i only use the SPOT to detect squeezes since they appear cleaner to me and after all the spot is the basis of the instrument.
So wherever the spot goes, the future also goes (if i say it correct)

So other then visual stuff i dont use it at the moment. The distance of the larger limits in the spot also are quite a distance away and my style is quickly in and out, perhaps im just weird, obvious...
Lets see what Machinator has to say on this.

Last one i promise, same story:
Attached Image (click to enlarge)
Click to Enlarge Name: 20220420.1149 GMT-PERP long of SPOT squeeze.png Size: 147 KB
Quoting HLine
{quote} No not at all, i only use the SPOT to detect squeezes since they appear cleaner to me and after all the spot is the basis of the instrument. So wherever the spot goes, the future also goes (if i say it correct) So other then visual stuff i dont use it at the moment. The distance of the larger limits in the spot also are quite a distance away and my style is quickly in and out, perhaps im just weird, obvious... Lets see what Machinator has to say on this. Last one i promise, same story: {image}
U don't need DOM to trade that style
Quoting LuckyMind
{quote} U don't need DOM to trade that style
Of course we do, we need to find any confirmation of limit orders, or somethin, in the future its glass right. If i do not use this i wouldnt need nothing indeed.

Just to recap, i try to find any reason on the SPOT instrument (squeeze, engulf or something which stands out)
Once i have this i then look at the glass for the Future instrument.

If i see an imbalance or big enough volume supporting my idea i take the trade. Nothing more really.
But i feel i cant express my thoughts well through the keyboard.
Quoting HLine
{quote} Of course we do, we need to find any confirmation of limit orders, or somethin, in the future its glass right. If i do not use this i wouldnt need nothing indeed. Just to recap, i try to find any reason on the SPOT instrument (squeeze, engulf or something which stands out) Once i have this i then look at the glass for the Future instrument. If i see an imbalance or big enough volume supporting my idea i take the trade. Nothing more really. But i feel i cant express my thoughts well through the keyboard.
Now i see, that you do look at futures DOM for confirmation.
Can you point at them at your examples please?
I just have trouble finding them in your screenshots. In any case, I definitely do not see limit orders- maybe only some prints in the moment or robot, but then they would probably be reflected in the clusters
  • Post #339
  • Quote
  • Edited at 10:22am Apr 20, 2022 8:52am | Edited at 10:22am
Quoting HLine
{quote} Of course we do, we need to find any confirmation of limit orders, or somethin, in the future its glass right. If i do not use this i wouldnt need nothing indeed. Just to recap, i try to find any reason on the SPOT instrument (squeeze, engulf or something which stands out) Once i have this i then look at the glass for the Future instrument. If i see an imbalance or big enough volume supporting my idea i take the trade. Nothing more really. But i feel i cant express my thoughts well through the keyboard.
Hey Hline, you're getting really good at this, congratulations.
If I understand correctly, the method you're using is this:
1. You notice long candle on the SPOT chart (up or down)
2. You see the candle turning the other way
3. You check the FUTURES orderbook to see if there are big limit orders that will go your way (and you will use these for support, basically if they get eaten you will exit the trade)
Now, what I'm wondering is this: Are the big limit orders moving on the best bid/ask as price moves (twisting robot), or they are staying at a certain price level?
Where is your TP target? When there are big limit orders on the other side that might stop the price movement?
And last one, what do you consider a big volume for GMT?
Thank you for taking the time to post your trades, I might post some as well when I get better at this.
Edit: Also, do you want for new big volumes to appear as price retraces from the squeeze, or the big volumes are placed before?
Quoting anmos898
{quote} Hey Hline, you're getting really good at this, congratulations. If I understand correctly, the method you're using is this: 1. You notice long candle on the SPOT chart (up or down) 2. You see the candle turning the other way 3. You check the FUTURES orderbook to see if there are big limit orders that will go your way (and you will use these for support, basically if they get eaten you will exit the trade) Now, what I'm wondering is this: Are the big limit orders moving on the best bid/ask as price moves (twisting robot), or they are staying...
Dobro utro Anmos,

thanks its a work in progress and i still have a lot to learn but most of all to practice and look at charts.

I tried to show it by using the attached picture, i didnt trade it yet since i was coding and was to late to enter.
The full chart inset at the bottom of the pic is the SPOT for GMT.

As you can see i did see a squeeze bar on SPOT, which showed (to me) good rejection. This is also the reason i try to integrate the SPOT since, if you look at the small inset above it, this shows the FUTURE chart at that time. I marked a small yellow line and as you can see we cant see any squeeze here!

So I have found the squeeze on SPOT, i then move my focus to the FUTURE glass and see several larger volumes listed. (to me its all relative and a bit discretionary, its hard to explain what large volume looks like etc. Sometimes is really obvious, other moments its just an idea from looking at the glass for some time)

I noticed several 'clusters' of higher volume above the price so my thinking is 'above the price i see more volume then below', coupled with the squeeze i see enough points which confirm the squeeze bar to go short.

Normally i try not to go full in at once (i know, im learning) and divide the sizes in like 4 parts and try to enter from the higher volume areas. If the total loss exceeds 0.5% i exit OR when price makes a new higher high (in this case since we have a short squeeze bar setup)

This particular squeeze i highlighted did work great i see, which is hindsight, but trading these i follow the above steps.

For targets, i have coded up some utilities which run on Quantower so i can set a custom TP in % for each asset as well as a stoploss. It automatically closes etc and sends notifications.
For this TP its currently set at 0.4% profit which it seems to reach easily most of the time. Not trying to be greedy, just trying to take the best probability and then try to increase the number of setups taken (i have an issue with focusing due to a health thing) but we're moving ahead.

Sorry for rambling, i hope this answers some of the questions. If not let me know!

Take care, pozdrav

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