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Cumulative Delta Price Volume

  • #341
  • Mar 16, 2023 6:17am Mar 16, 2023 6:17am
Quoting tiborf71
{quote}
Any idea Tibor?
  • #342
  • Mar 16, 2023 6:32am Mar 16, 2023 6:32am
the entry points must be filtered somehow.
have you tried using the momentum indicator for this purpose?
  • #343
  • Mar 16, 2023 6:44am Mar 16, 2023 6:44am
Quoting tiborf71
the entry points must be filtered somehow. have you tried using the momentum indicator for this purpose?
Entries are filtered by itself. By price. You buying on low. So originally first you see price... Ok, I'll say it otherwise.

  1. You see price coming down
  2. First low is made
  3. Price come back to low
  4. You buy
  5. SL is under the low

Voila it's done. Easy trade with 2 or 3 pips SL. You can go up to 50 pips this way, IF you catched low on H1 or bigger TF.

Got me? I'm trying to filter this somehow to get it work better, but it looks like it's not possible. I have some idea, but programming skills are just... I might do it in the future.

  • #344
  • Edited 7:18am Mar 16, 2023 6:53am | Edited 7:18am
Quoting SilentFather
{quote} Entries are filtered by itself. By price. You buying on low. So originally first you see price... Ok, I'll say it otherwise. You see price coming down First low is made Price come back to low You buy SL is under the low Voila it's done. Easy trade with 2 or 3 pips SL. You can go up to 50 pips this way, IF you catched low on H1 or bigger TF. Got me? I'm trying to filter this somehow to get it work better, but it looks like it's not possible. I have some idea, but programming skills are just... I might do it in the future.
OK.
  • #345
  • Mar 16, 2023 4:30pm Mar 16, 2023 4:30pm
I would like to thank each and everyone who's been supporting me in this thread and my journey. You are the reason why I keep returning to Forex Factory and hope to moon with you gentlemen. It's easy to support while on a winning streak, but also you were there in my dark times, that's means so much to me.

I don't know when I will be back with live trading, but you guys are the reason I'm not giving up at the financial markets and this forum. Maybe It's just a message, a post or a like, but It kept me going. So whatever happen thanks for your support and motivation. I wish you all the best, green pips and financial freedom.
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  • #346
  • Edited 8:06pm Mar 16, 2023 7:38pm | Edited 8:06pm
Quoting Lekkim
I would like to thank each and everyone who's been supporting me in this thread and my journey. You are the reason why I keep returning to Forex Factory and hope to moon with you gentlemen. It's easy to support while on a winning streak, but also you were there in my dark times, that's means so much to me. I don't know when I will be back with live trading, but you guys are the reason I'm not giving up at the financial markets and this forum. Maybe It's just a message, a post or a like, but It kept me going. So whatever happen thanks for your support...
Why you leaving Lekkim, send me dm. lets get on ZOOM and i will show you what to practice. Are you on telegram ?

https://assets.faireconomy.media/nfs...1451345_25.gifVivad if you want to join us on zoom send me dm
  • #347
  • Mar 16, 2023 8:21pm Mar 16, 2023 8:21pm
Quoting Lekkim
I would like to thank each and everyone who's been supporting me in this thread and my journey. You are the reason why I keep returning to Forex Factory and hope to moon with you gentlemen. It's easy to support while on a winning streak, but also you were there in my dark times, that's means so much to me. I don't know when I will be back with live trading, but you guys are the reason I'm not giving up at the financial markets and this forum. Maybe It's just a message, a post or a like, but It kept me going. So whatever happen thanks for your support...
Hi Lekkim

Hope you can spend time away from the markets and reflect on all the good aspects trading brings to your life, while burying the bad omens that too often put us in a bad spot.

If you decide to research the markets further, I feel the best approach is always to find a strategy that allows you to trade against market participants.
I am not talking about being a reversal trader, I am just suggesting trading Long if the retail market traders are short. I have the luxury of watching level 2 data coming through my Future Trading Platforms and the most shocking detail always is that aggressive bankers always attack the side that contains the most liquidity. That means if Long limit orders are stacking up on order book, they go short and mostly always win.

This tells us most traders don’t trade trends but trade against trends - so look for strategies that trade against retail traders and small players and your’e be happier than a dog locked in a sausage factory during a long weekend.
Trading thin liquidity at the boundary of the charts
  • #348
  • Mar 16, 2023 8:42pm Mar 16, 2023 8:42pm
Quoting T721
{quote} Why you leaving Lekkim, send me dm. lets get on ZOOM and i will show you what to practice. Are you on telegram ? {image}Vivad if you want to join us on zoom send me dm
Hey buddy I’m not leaving, I just might take some time off to prepare for next month where I have decided (due to all your warm support) to live real trade again with fresh 1.450$. (I know that 1.450$ to some is nothing, but that’s what my budget can hold) I sent you DM and looking forward to our zoom meeting with fellow traders.

it is how it is, I wishes my finances could afford a bigger bankroll. Actually I’ve been so passionated about this forum and thread and wanted to show my skills off. Let me be honest, I did not pay my rent this month so It’s a bit off a headache. But I guess it shows you my commitment to profit eventually together with you all. So I invest money I can’t afford, but hey, no one said it would be easy to make a living in the markets.

However it has always been and still is my dream to really make it in the financial markets (probably your dream aswell) We’re in this together somehow. So rest assured I will try again to prove myself and build bankroll beyond 7k$ profit. I will never give up, but it really did hurt my morale when I blew my big profits, only thing left to do is learn from it, right.

You must understand that risking it all and live trading in front of you, all my peers, is both frightening and a rush. Looking forward to the 31th of March where, hopefully, magic gains will happen again with all the years of hard work to prepare a winning strategy and money management. I will not think about the small amount so I get greedy, I will consistenly build up the bankeroll with proper disciplin and avoid too much drawdown. My story here on FF is not over, like terminator said: ‘I’ll be back’
  • #349
  • Edited 9:43pm Mar 16, 2023 9:09pm | Edited 9:43pm
Quoting RickM
{quote} Hi Lekkim Hope you can spend time away from the markets and reflect on all the good aspects trading brings to your life, while burying the bad omens that too often put us in a bad spot. If you decide to research the markets further, I feel the best approach is always to find a strategy that allows you to trade against market participants. I am not talking about being a reversal trader, I am just suggesting trading Long if the retail market traders are short. I have the luxury of watching level 2 data coming through my Future Trading Platforms...
Hi Rick, yeah that’s what I have been doing last couple of days, I’ve accepted it and is back with renewed energy. You know trading is always a ‘love / hate’ relationship but I would not be without it. Call it addiction, call it passion, but for me the trading dream we all wish for is something that’s keeps me going. My hope and my dream.

Non traders call us many things, but they will never understand like us. Fact is that if you find an consistent edge in the markets, it doesn’t matter how low you are on cash, with time you can become wealthy because of endless liquidity. So shout out to all fellow traders who refuse to give up on their dream and spent endless time researching, analysising, back and forward testing, demo and real trading. Nobody ever told you it would be easy to ‘beat’ the market. Imagine if you could make ‘just’ 2% gain each trading day, that would turn 100$ into 14.100$ in one year. This reminds me how stupid I was with my extreme high leverage, I could just have gone for like a hundred bucks a day, that itself you could live for. Compounding interest still remain so undervalued, but somehow still so hard to stick by and be disiplined enough.

Let me also state that trading, if done right is not like reguarly gambling. In a casino you bet against a mathemathical algoritm where you statisticly always will lose in the long run. In forex and other financial market’s are not bound to a payout % or other code, it’s free flying, open to analyse and predict. Our days financial markets are the closest thing you will come to ‘a free market’ and remains a playground of money for it’s participants. It’s still is beautiful, as it stands as a chance of true capitalism that still rewards the intelligent trader who finds an edge. Also let me be clear, if you consistently and with luck taking out of the picture, can make a lot of money in forex you are better than most hedge funds and banks who can’t even (even with their knowledge and tools) make a profit each year. Thet being said it’s also a very tall task, only for the brave like us. That’s just my five cents, gents.

Back to your post Rick, I agree with you that retail crowd mostly lose, just nearby impossible to get live data on that, the closest I’ve come is this cumulative Delta strategy. But it sounds interesting if you have valid futures data on that, please feel free to share some info or charts here in thread on it, thanks in advance. Enjoy the night all. Best regards your Lekkim
  • #350
  • Edited 11:32pm Mar 16, 2023 9:58pm | Edited 11:32pm
Also don’t underestimate the challenge of controlling your mind and emotions during trades. I have many years experience and yet I can’t always hold my own rules. This is not talked about enough but handling yourself is as hard as it is to find a winning formula, so you have two very hard tasks.

A friend of mine once told me, after hearing I wanted to conquer the FX market, if I just wanted to find what’s nearby impossible and prove others wrong. Made me think, actually some truth in it. Like we men have a desire to adventure and the unknown. Even though (let’s get serious) only a fraction of us on FF will go to the Moon and drive lambos while enjoying a beer on our private Island. Heck, just making a living been taking me over 15 years.

Thank God we have Forex factory, it’s by far the most serious trading community there is. At least people are honest and have good will here. I’m so sick and tired of false claims, scammers and people selling their courses or want you to follow their holy grail for a fee. Trading in general is getting a bad reputation from false claims and false information. It’s also due to the fact that trading basics it self is rather complicated, it takes many years to learn and master. We all know that the best traders wouldn’t have to sell anything. They make us traders look bad.

As so much else there’s no easy shortcut to profitability. Forex is no way a get rich easy scheme, but you should know this. But I’m speaking in this post to traders on all levels. As all other dreams both financially and otherwise it takes hard work. I’ve never met a profitable daytrader with less than a decade experience, just to formulate that this dream if you want to succeed take blood, sweat and tears and many of us deal with being to short sighted in our approach. Patience and valuable information, then you might stand a chance for the stars.

Respect the law of randomness. Be smart enough to know if luck, noise or randomness played a role in your trade. Admit when you lose control of your money management (like I did with the 7$k account), look at numbers, facts and stats, don’t get lured into delusion (knowing all the time where chart would go etc) the mind can easily be tricked into believing it can predict charts and remembers when you where right rather than all the times you were wrong. An illusion state of mind costed me a couple of years of wrong trading. So sometimes you have to accept defeat and kill your darlings. That also why it’s healthy to get feedback so you don’twork hard on the wrong path. Be humble but also take the risk needed to change your financial situation, if your poor then if you just stalling and do nothing, it won’t change, however try to be somehow responsible and trade what you can afford (trade at your own risk this is not trading advice bla bla).

Here in this Forum are actually traders wanting to help, share and contribute. Most of us have big ego’s and tend to overvalue our system and ideas. Years back I was strubborn and thought I would lose my amazing system by sharing it, big mistake. You know this but let me say it again even if 20.000 FF traders traded the same system, it would not have any impact at all in Regards to moving a trillion dollar market, so let it go and share your best. That’s why I just shared it, for my self also. The feedback I’ve got made me wiser. If your solo you will go in your own echochamber, always nice with fresh pair of eyes on your trading thoughts. We tend to brainstorm and form ideas better while together, we’re social beings afterall, not robots (even though we try to have disciplin like a robot, hehe)

So thanks all in this great community for making me a better trader over the years of reading, discussion and sharing. Constructive critisism is undervalued also, it can save you a lot of time. And then ofc praise and likes feels good always. Hope you can relate to my posts here. I’m really talkative this evening, wanted to share some thoughts with you all, hope they make sense. If just a few viewers watch my info and advises here this night and benefits, it’s worth it. Sharing is caring and some of the stuff I talked about I wishes I had known or being told earlier, together we make the best traders gentlemen. Best wishes with your positions everyone
  • #351
  • Edited 5:30am Mar 17, 2023 4:49am | Edited 5:30am
Quoting RickM
{quote} Hi Lekkim Hope you can spend time away from the markets and reflect on all the good aspects trading brings to your life, while burying the bad omens that too often put us in a bad spot. If you decide to research the markets further, I feel the best approach is always to find a strategy that allows you to trade against market participants. I am not talking about being a reversal trader, I am just suggesting trading Long if the retail market traders are short. I have the luxury of watching level 2 data coming through my Future Trading Platforms...
I trade against the trend because the price will return.


there is currently an imbalance.
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  • #352
  • Mar 17, 2023 5:35am Mar 17, 2023 5:35am
Quoting Lekkim
Hey all my dear trader friends... I fucked up. Ever since I blew it on friday I spent the last couple of days in bed, depressed, kicking myself over my loss and why I did not withdrew some of my profits. Some might say that, oh it's not that bad, it was just 7000$, but for me, it was more than that. My whole reputation was at stake and I disappointed every one in this thread including myself. I went from 1.450$ to 7.000$ and still I was not satisfied, I got greedy and impatience. Because of my poor money management, I have a lot of past due bills....
I am so sorry to hear that Lekkim, although I wasn't surprised to hear that. As I said earlier, your strategy is flawed. No matter how huge percentage gains you make, counter trend traders will blow up their accounts eventually. I even saw some people in FF made over %1000 quick gains soon before blowing up. However, what made me surprised is you haven't understood this even after 15 years of trading (at least you insisted). You speak like a trader with 5 years of trading experience. Look at the chart below. Why don't you just trade following trend (my definition of trend is following MAs by the way):
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You SL is previous swing high/low. Isn't this clear, neat and straight forward? (By the way, if you want to use Cumulative Delta, try Crude Oil or Nat Gas instead of forex or stock indices. Energy futures are mostly traded on exchanges and volume data is relatively accurate.)
Also, FF is a waste of time and won't help improve your skill. Lastly, day trading is a no better than a circus these days. Why don't you just buy Apple and Microsoft stocks when they are cheap? Hope it helps....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #353
  • Mar 17, 2023 5:40am Mar 17, 2023 5:40am
Joe Dinapoli said about divergence: "Don't use an Oscillator to price divergence as an entry technique, unless you have an excellent means of filtering it. Even for the best of Oscillators this can, and often does, spell disaster, particularly for the new participant. Price and Oscillator divergences abound, and the market continues to stop out the divergence players. Looking back in time, you're sure to find divergences that work, but when you're going forward in time, as in real trading, the accuracy of this technique just isn't there."

Trust me. Divergence is a joke and only amatuers believe this.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #354
  • Mar 17, 2023 5:51am Mar 17, 2023 5:51am
oscillators.

  • #355
  • Mar 17, 2023 6:02am Mar 17, 2023 6:02am
Feel free to share memes they always make me laugh, there are not many trading memes but I will share some, a laugh in between our serious trading talk is refreshing, don’t be shy share all your trading humor. Lemme’ start:

*Me when account margin level goes below 100% and my metatrader terminal turns red*
vs.
*Me when I hit it right in the ass and is up 500%*

Haha do you recognize fella’s? Also if you start praying you are taking too high risk.
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  • #356
  • Mar 17, 2023 7:18am Mar 17, 2023 7:18am
Quoting heispark
Joe Dinapoli said about divergence: "Don't use an Oscillator to price divergence as an entry technique, unless you have an excellent means of filtering it. Even for the best of Oscillators this can, and often does, spell disaster, particularly for the new participant. Price and Oscillator divergences abound, and the market continues to stop out the divergence players. Looking back in time, you're sure to find divergences that work, but when you're going forward in time, as in real trading, the accuracy of this technique just isn't there." Trust...
I fixed divergence years ago. I don't use divergence on oscillators. Only one, but that's also the filter. However agree on fact that it does not work if you use it as majority of traders. But these things needs updates, it will not work magically for another 300 years.
  • #357
  • Mar 17, 2023 7:55am Mar 17, 2023 7:55am
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https://www.forexfactory.com/thread/...1#post14224111
Same to Lekkim's strategy.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #358
  • Edited 8:16am Mar 17, 2023 8:01am | Edited 8:16am
Quoting heispark
{image} https://www.forexfactory.com/thread/...1#post14224111 Same to Lekkim's strategy.
Heispark, sharing this for you specially. One can use it as main signal to enter a trade. The entry is at the price where the lowest stoploss is. One simply cannot blow the account. It's impossible.

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Aaaaand signal done...
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  • #359
  • Mar 17, 2023 10:12am Mar 17, 2023 10:12am
Quoting SilentFather
{quote} Heispark, sharing this for you specially. One can use it as main signal to enter a trade. The entry is at the price where the lowest stoploss is. One simply cannot blow the account. It's impossible. {image} Aaaaand signal done... {image}
this is very promising.
  • #360
  • Mar 17, 2023 10:26am Mar 17, 2023 10:26am
Quoting tiborf71
{quote} this is very promising.
Of course. Funny is it does work 90% of the time. Maybe even more. Never actually counted. However if used correctly can be really nice. And also, sometimes price doesn't get into the zone, but reaction is there. This can be fixed by changing settings, or simply wait for signal. Sometimes it will give 4 signals daily, sometimes only 2. Normal intelligent trader would say that it is enough and maybe it really is.

SF
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