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Delta Volume - Cumulative Delta Volume 191 replies

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Attachments: Cumulative Delta Price Volume
Exit Attachments

Cumulative Delta Price Volume

I see that this system would need some kind of safety net in case something goes wrong.


if the DD cannot be kept under control, it is a problem.

keep up the good work.
Quoting SilentFather
{quote} I disagree that the drawdown has to be. My drawdown, when I trade, is between 1 and 5 pips. Not BS like 10+ pips. Doesn't matter what chart I use. I was doing it before, I'll do it in future like this. I simply hate this old thinking about everything. Drawdown happen and will happen ONLY if you don't know how to entry on better price. Of course I am not trying to be rude or anything. It just works for me, maybe having drawdown is not 100% thing.
Ok let Life teach you.


Peter
Real Trading is not gambling.
Quoting PeterCaleb
{quote} Ok let Life teach you. Peter
I don't need to teach anything friend. Trading with stoploss like 3-5 pips is highly possible. Did you tried it? How can you say it does not work? I want to know your real opinion. Why it should not work. Im interested. It will only help me.
Quoting SilentFather
{quote} I don't need to teach anything friend. Trading with stoploss like 3-5 pips is highly possible. Did you tried it? How can you say it does not work? I want to know your real opinion. Why it should not work. Im interested. It will only help me.
Nice job.
I'm a little jealous, my average stop loss on forex is 16 pips on 1hr, 4hr, and Day chart signals, but only because I go down to the 1, 5, and 15 to find my best entry price.
Because of where I place my stops, if I get stopped out, I reverse a lot of my losing trades (algo with my confirmation turns this on/off), get the loss back by closing half, then allow the rest to run. Works 90% of the time when I confirm yes; it ranges from getting 1x to 11x my loss. I only use the reversal during high volume times.

When I have losses they are 2% of the account balance about 20% of the time, 1% of the account balance 40% of the time and break even 60% of the time. If it's a 2% loss it means the big $ has reversed and that's when I make the most on a reversal. If the loss is 1% then normally get to break even plus a little on the reversal. If it's break even then I don't do the reversal because the trade went in my direction enough to close half, but came back too much so it probably is the end of volume or is or will become a sideways channel.
Quoting SilentFather
{quote} I disagree that the drawdown has to be. My drawdown, when I trade, is between 1 and 5 pips. Not BS like 10+ pips. Doesn't matter what chart I use. I was doing it before, I'll do it in future like this. I simply hate this old thinking about everything. Drawdown happen and will happen ONLY if you don't know how to entry on better price. Of course I am not trying to be rude or anything. It just works for me, maybe having drawdown is not 100% thing.
Kind of agree with SilentFather.

If we enter with precision, our drawdown need only be a few ticks ever. If we get our entry wrong, we just take a quick loss and save ourselves from misery.
The stress of being in a large drawdown changes our character for the worst. My wife could pick the times years ago when I had a large position in a moderate size drawdown because I would become quiet and very grumpy. To say large drawdowns risked my relationship at times - it bloody consumes every thought you had making for an unpleasant RickM lol.

So save your marriage and get out quick if the trades wrong

Entering with precision for me requires ditching candlestick charts and just trading when you see masses on the wrong side of direction.
Trading thin liquidity at the boundary of the charts
Quoting SilentFather
{quote} I don't need to teach anything friend. Trading with stoploss like 3-5 pips is highly possible. Did you tried it? How can you say it does not work? I want to know your real opinion. Why it should not work. Im interested. It will only help me.
Already the spread is more than 2 pips
Quoting Merka
{quote} Already the spread is more than 2 pips
I remember my broker from years ago. Markets.com where spread was like 3 or 4 pips. Those times lol. I'm not with ECN broker so I don't really have any spread. Its about preference. :o

Quoting RickM
{quote} Kind of agree with SilentFather. If we enter with precision, our drawdown need only be a few ticks ever. If we get our entry wrong, we just take a quick loss and save ourselves from misery. The stress of being in a large drawdown changes our character for the worst. My wife could pick the times years ago when I had a large position in a moderate size drawdown because I would become quiet and very grumpy. To say large drawdowns risked my relationship at times - it bloody consumes every thought you had making for an unpleasant RickM lol. So...
That is correct. But you will agree with me that being precise is sometimes really hard. I know this, it's just reality. But as PeterCaleb said, I'm perfectionist. That's it.

Quoting CashBox
{quote} Nice job. I'm a little jealous, my average stop loss is 16 pips on 1hr, 4hr, and Day chart signals, but only because I go down to the 1, 5, and 15 to find my best entry price. Because of where I place my stops, if I get stopped out, I reverse a lot of my losing trades (algo with my confirmation turns this on/off), get the loss back by closing half, then allow the rest to run. Works 90% of the time when I confirm yes; it ranges from getting 1x to 11x my loss. I only use the reversal during high volume times. When I have losses they are 2%...
Hello, no need to be jealous. That's normal. I started same. It's part of learning process. You will maybe want to change this in future, and you'll do it. It just takes time. I'm sure that if you would want this, you'll achieve it.
Quoting SilentFather
{quote} I don't need to teach anything friend. Trading with stoploss like 3-5 pips is highly possible. Did you tried it? How can you say it does not work? I want to know your real opinion. Why it should not work. Im interested. It will only help me.
Literally most people I see on these dinky sites are told one thing to do with capital preservation while real life is not like that. If you have not experienced different brokerage types, then it's hard to explain without the morons coming out of the woodwork to "disagree". I never spoke about possible. I was talking about people lacking the basic opportunistic premise in their heads and thinking. You're told and taught that "loss bad" and "profit good". But the real world is different. In real life you job or need, is to change that potential loss to a profit. I know lots of morons on this site don't like lots of words, but the premise must be explained first otherwise you end with nothing but an opinion and listening to dickheads on some dinky website.

I've been trading longer than some people on this site have been alive. So yes a 3 point stop is doable and I have used them. Most people want a "system" or some variation of this. But the downfall to this is you cannot manage what's truly unknown. And so now you all have all this stuff about profit factors and some skewed idea of drawdown that doesn't even make sense in real life. If you are running a full auto process unmanned then sure use a set stop loss value. But I have tested many approaches over the years and all of them end with less than 100 accuracy. The only type that really gets right up there well past the 90% mark are the ones that are usually manual and where they identify where their weaknesses (the areas of greatest drawdown when isolating this to view what happened) so you can trade that weak spot of your preset strategy, therefore, unlike most inexperienced traders and speculators, the goal is NOT to try and get 100% SR but let it be weaker so you can create added opportunities that are automatically then built into the strategy. Most people try to use the idea of ...... out of 100 trades I get X% correct and then upon tweaking it they increase this but the good trades from the bad ones are "randomly dispersed" and people never really know when the good ones will occur. Or they try to manually trade but its own history is in question because profits come AFTER the fact so the future must be accessed. Most don't do the last step so it's effectively a gamble.

A strategy must be flexible. Most of what I see online is not flexible. It is dogmatically indoctrinating. There's no room for real imagination. So when you look at all the outcome data and charted field results etc, if it IS really a strategy, it should have definable repetition regardless of types of profitability etc. And so you should see where and when it fails to hold on to the market's movements. Do you enter early on time or later? What assumptions are you constantly making re: the approach? Are you being honest about the approach strike points? Position ALWAYS matters.

I'm not talking about inverting a strategy here. Track the instrument you trade and superimpose your approach's movements over top. ALL movements including the ones you missed or did not do. The areas where your approach fails to hold will be clear, be it user error or not. If you use a small stop position are you using a 1min chart view or smaller?

The key to real trading off drawdown is to understand how the markets move long. Not a chart but before this. You cannot prepare if you're always chasing. A simple example of how to do this is the "always in" approach. People have some really silly ideas about trading and their opinion of this one is a classic. For this you create 2 strategies that impose their idea on a market with slightly different goals - one is to anticipate the start and one does the end. True Delta trading as well as true trend trading use this method so that you take full advantage of everything. Drawdown of one creates a differential FOR the other. This is why trend traders fail to see the end and why Delta traders are too reliant on data.

Differential?

They approach each other and the zero point is the offset for the difference AND what is similar between them.

Still with me?

So when you only use one style you are going to get forced to make mistakes. There's no real world adaptability in one style alone. I use my drawdowns to learn and further engage. It really is just common sense.

The pic below is old but it is enough to show the premise ...


Attached Image (click to enlarge)
Click to Enlarge Name: Inside Out View.png Size: 21 KB


And now AUDUSD yesterday March 3 2023. Internal range coupled with inner range coupled with transfer range.


Attached Image (click to enlarge)
Click to Enlarge Name: audusd yesterday.png Size: 14 KB


Most people have got a lot very wrong. Inside every movement are smaller moves. This you may know but money has a life. It's not just the "big boys" sitting there with all the money and doing things. Drawdown IS opportunity. The AUDUSD view is just one account but you can see from all activity present, that counter moves and forward moves is the name of the game.

I hope that helps.


Peter
Real Trading is not gambling.
Quoting PeterCaleb
{quote} Literally most people I see on these dinky sites are told one thing to do with capital preservation while real life is not like that. If you have not experienced different brokerage types, then it's hard to explain without the morons coming out of the woodwork to "disagree". I never spoke about possible. I was talking about people lacking the basic opportunistic premise in their heads and thinking. You're told and taught that "loss bad" and "profit good". But the real world is different. In real life you job or need, is to change that potential...
Hey Peter, thanks for this long reply. I can agree with you now. You probably already know, how I trade. I'm below 1m timeframe, to be able to keep my SL or DD very small. But always using with higher timeframe. I sometimes break the silence, so everyone watching me should know what I do and how. But this is the reply I wanted to see, so thanks again.

Have a nice weekend Peter!
Quoting Lekkim
Trading today pretty mixed. Only made 600$, but better than nothing and low risk. Report attached. My apologies for late reply in thread and dm's, gonna catch up. https://www.myfxbook.com/portfolio/c...olume/10034423 {image}
Thanks for your update, looks good.

How are your results today?
Quoting catch22
{quote} Thanks for your update, looks good. How are your results today?
Lekkim somehow deleted most of the profits. Lekkim, what happened with US30? :/ You were doing so good..
I'm devastated over my account progress. All went well until Thursday evening. My account topped at 7.800$, then came the unexpected FED comment, made all markets bullish. I was short US30 before that and decided to close my fx positions and speculate only in short US30, big mistake as it's been in a rally up until weekend. Started also trading outside the system and broke some of my own rules, I'm not very proud of it. Have been offline trying to regain morale.

I guess the only thing now is to eat my brutal loss and rebuild it up again. Account at 2.300$, so still small profit from deposited 1.450$, but otherwise very disappointing. I can't decide what to do at Monday open, either cut my losses and withdraw it for bills or continue trading this account. Hopefully I will learn from this in regards to money management and trading discipline. But such losses hurts every time. I'll probably end of letting US30 positions run and hope for bearish change, instead of being responsible and withdraw for bills, we'll see what happens.

Otherwise nice to see all the activity in thread, I'm behind on answering it all, my apologies for that. I'll do that once I regain my strength. I'm waiting for pre market data of US30 tomorrow, hope I will not get even more screwed if US30 opens gap up. Otherwise I hope you had better last trading days and a good weekend gents. Thanks for the support. To be updated.
Quoting Lekkim
I'm devastated over my account progress. All went well until Thursday evening. My account topped at 7.800$, then came the unexpected FED comment, made all markets bullish. I was short US30 before that and decided to close my fx positions and speculate only in short US30, big mistake as it's been in a rally up until weekend. Started also trading outside the system and broke some of my own rules, I'm not very proud of it. Have been offline trying to regain morale. I guess the only thing now is to eat my brutal loss and rebuild it up again. Account...
That's lesson. You should never had open trades when news happens. But that's ok. I'm sure you'll get back on track. If you had some kind of SL, it could have been much better.

Let it run, retracement might or should happen. Maybe 200 points more up (if you can hold it) otherwise close it and start all over on the same account. I'm sure you can get back. You did really nice.
Quoting Lekkim
CUMULATIVE DELTA PRICE VOLUME STRATEGY This is the result of testing this indicator for many years and my best recommendation towards a profitable trading strategy. I've been researching, tested and traded financial markets for 15+ years and tried almost everything. It's also a continuation of many previous threads involving this trading theory and philosophy. I've recently updated approach for the better. It's advanced how the indicator works and I might be sharing some background info later, but most important is how to trade it and that is described...
This IS NOT cumulative delta you don't even mention what it really is or how to actually get real delta data. HINT: You cant on the forex market. If you think you can get reliable volumes from any broker/dealer your embarrassing yourself.

Just another shitty forex indicator strategy, cumulative delta is fine with futures if you pay for the actual data, but no way would i trade off it alone. Simply not important enough or most importantly not accurate enough. Whole point of cumulative delta is to see if majority of trades taken today were on the bid or ask side. That does not exist on forex.

Using that knowledge maybe you trade accordingly but still that isn't a holy grail at all or even profitable as the largest participants disguise their true intentions and use both market and limit orders to confuse you.
Quoting SilentFather
{quote} That's lesson. You should never had open trades when news happens. But that's ok. I'm sure you'll get back on track. If you had some kind of SL, it could have been much better. Let it run, retracement might or should happen. Maybe 200 points more up (if you can hold it) otherwise close it and start all over on the same account. I'm sure you can get back. You did really nice.
Yeah, I should have cut my losses after bullish news but I hesitated. I guess I got a little greedy, kicking myself over not taking profits and too high leverage. Thanks I'll try to rescue this account. Problem is that I can only take 1% price increase in DOW30 and I can't afford to lose it all. What a way to make yourself anxious throughout the weekend.

Recommended: Maybe you knew this website, but it is as far as I know the only place to see market pre open Sunday trading before market opens. My eyes tomorrow will obviously be glued to that, wishing for a fall.
https://www.ig.com/en/indices/market...nd-wall-street
Quoting makingmoves
{quote} This IS NOT cumulative delta you don't even mention what it really is or how to actually get real delta data. HINT: You cant on the forex market. If you think you can get reliable volumes form any broker/dealer your embarrassing yourself. Just another shitty forex indicator strategy, cumulative delta is fine with futures if you pay for the actual data, but no way would i trade off it alone. Simply not important enough or most importantly not accurate enough. Whole point of cumulative delta is to see if majority of trades taken today were...
Yeah shitty forex strategy, with profit of 6000 dollars in 3 or 4 days? Correct me exact days count, if I'm wrong. Discussion about that was already few pages back. Recommend reading it. Also I would like to see what you achieved. Saw nothing on your profile so far.
Quoting SilentFather
{quote} Yeah shitty forex strategy, with profit of 6000 dollars in 3 or 4 days? Correct me exact days count, if I'm wrong. Discussion about that was already few pages back. Recommend reading it. Also I would like to see what you achieved. Saw nothing on your profile so far.
Funny that, my dads a crippling gambler with more to show for it this week then that... the fact you think that means something speaks volumes.

​I've achieved reading actual volumes and knowing what I'm talking about. I'm not childish enough to share my irrelevant $ amount profits to try impress people lmao.
Quoting makingmoves
{quote} Funny that, my dads a crippling gambler with more to show for it this week then that... the fact you think that means something speaks volumes. I've achieved reading actual volumes and knowing what I'm talking about. I'm not childish enough to share my irrelevant $ amount profits to try impress people lmao.
But you seem very childish enough, to talk here about someone's else system. Calm down man. Picking top & bottom can be done kinda easily even without any paid info.

I'm not trading for two weeks, so don't even try. I'm not trying to be rude or anything, but this is Lekkim thread so just calm down. No one asked about your dad. If you'd be of any use, create a new thread and describe your own system in some way and help others. Instead of stupid talk. Sorry.

Everyone on this forum has its own system. If you don't like it, simply don't comment it.
Quoting Lekkim
I'm devastated over my account progress. All went well until Thursday evening. My account topped at 7.800$, then came the unexpected FED comment, made all markets bullish. I was short US30 before that and decided to close my fx positions and speculate only in short US30, big mistake as it's been in a rally up until weekend. Started also trading outside the system and broke some of my own rules, I'm not very proud of it. Have been offline trying to regain morale. I guess the only thing now is to eat my brutal loss and rebuild it up again. Account...
Time for some tough advice if u want to make it longer term. I am afraid u have been gambling on your account. the number one reason for people failing at trading is money management. Do u realize the size of the position u have open??? U have have 7 open dow positions which equals $ 230 000 position on a account of only $ 2300 a 1% move against your positions and your account is gone. Do u see the insanity and how crazy this is??? Forex and index trading use huge leverage.The first and number one rule of a professional trader is too protect their capital at all costs. U must protect your capital like your life depended on it. U need to protect your capital so when a drawdown happens u can survive to trade again another day. U must realize trading is a marathon and not a sprint - trading is not about getting rich quick. it is not about making a million dollars in a year on a 10k account - it is about slowly building your account over time. A professional trader only has small daily movements of maximum 5% account equity swings going up or down - not 50% going up or down. On your account size u should of had only 1 dow position open not 7 - having 7 dow positions open is just gambling - might as well go to the casino with your money
U need to realize that just because the broker gives u lots of leverage u don't need to use it all. If u are using all the maximum leverage then u are gambling. The brokers give lots of leverage available to lure in the amateurs who think they can get rich quick but they just fail and blow up their account
I have been trading for 17 years fulltime and i pay my bills with my trading profits. i keep seeing people blowing up their accounts by having too many open positions. people do not want to learn money management and so they fail. I only withdraw from my accounts and never deposit. Amateurs keep depositing money into their accounts and give it to the professional traders in the markets. markets are a zero-sum game where the money goes from the losers to the winners
Quoting Lekkim
{quote} Yeah, I should have cut my losses after bullish news but I hesitated. I guess I got a little greedy, kicking myself over not taking profits and too high leverage. Thanks I'll try to rescue this account. Problem is that I can only take 1% price increase in DOW30 and I can't afford to lose it all. What a way to make yourself anxious throughout the weekend. Recommended: Maybe you knew this website, but it is as far as I know the only place to see market pre open Sunday trading before market opens. My eyes tomorrow will obviously be glued to...
Thanks for your explanation. You had an awesome ride up with lots of trades. Are you making automated trades mostly to get as many of them?
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