Trading Spot using Future data (Big Orders flow, Time and Sale)

exit now on resistence on 2 day poc (red line, max volume at price)

today formin max vol at price at 1.4883 and price go up from with the effort of positive euro industrial production and due to the high buy pressure of the 2 past days.

Another forming max volume at price...buyers come in

buyers won, exit now on prev high.

Well, some basic principles about volume on futures.

Volume on futures are the sum of traded contracts for a given period.

Bid: quoted price where traders would like to sell contracts.
Ask: quoted price where traders would like to buy contracts.

Traded at Bid is price where traders sell contracts.
Traded at Ask is price where traders buy contracts.

Delta: differnce from Bid-Ask traded contracts.

Volume at price: is the sum of total contracts traded at given price.

Forming volume is price where volume tend to grow more than other price.

Max Volume at price is price where mostest contracs are traded.

Some specifications, when contracts are traded at bid wouldn't mean necessarily that a trader open a short position, but could mean also that a traders close a long position, the same on ask.

So we can't know if there are open or close position, but we can figure out this if the trade is at top or at bottom price and at what volume it occurs.

Lubo.

today max vol at price 1.4930 working off for sell.

Hey LuboLabo,

I just wanted to say that I am too exploring marketdelta and trades form POC areas. I've watched some videos from youtube posted by user named marketdelta and would now like to try this kind of approach myself.

Please keep posting your charts and trades as they are really good to learn from.

Thanks MKK for your interest, but i have not much time now for trading and for posting here, so at the moment I follow some long term trade, following the big entry in order flow and support and resistence with volume at price, using not market delta coz my trial is expired but with ninjatrader, I keep it running 24h/h and track the order greater than 50 lot for GBP and EUR.
I don't have a pictures to show you now, but this morning on GBP were placed 3 big trades at ask near the poc, and on EUR yestarday on NewYork session were place many big orders most at ask, and today u saw the big up trend on both.

Lubo.

This mornig seems that the trading on evolving poc work off sell, the last 2 big orders were placed at bid (blue on picture).

The same on EUR

Hi LuboLabo,

Is it possible to ask you for help about a project you were part of in late January on volumes? Please PM me so we don't cluster this great thread of yours with distracting issues. I am also on skype as orevaoghene.

Cheers
Chalk

It seems I can't PM you, but if I can help you in someway just PM me your questions, or if you can it can be useful also for the other post it here.

Lubo.

Hi LuboLabo,

As a Junior member I couldn't PM you. Would you please contact me via email v4sxa1 at gmail dot com? It's related to the datafeed you are using with MarketDelta and NinjaTrader for trading spot using future data, and whether one need CME Globex Market Depth Level II data for the analysis you are doing.

Thanks.

Regards,
Trader10826

You can ask me it here if is volume realated.

Cheers.

Lubo.

Thanks LuboLabo.

Do you use DTN, eSignal or other data provider to feed data into MD?

Do you use CME Globex Level II?

Regards

Nice thread you have here Lubo.

But just in case someone new happens to drop by, I can't help but clear up one of your previous definitions.

Bid: is the best current price at which someone is willing to buy.
Ask: is the best current price at which someone is willing to sell.

So that if you buy at the market you get the ask price and if you sell at the market you get the bid price.

That is all, carry on.

Now I'm using NinjaTrader to track the Volume order flow, using volume at price for intrady and for All contract, Delta Bars, Delta Bars with order filter to track big orders, Volume with bid ask volume.

Lubo.

This is yesterday GU future trading.

Lubo.

I use the volume profile to watch the strong level as a support and resistence, if u see the first trade was as the strongest level and was follow by delta bars that are red, it means that most of trades are sell to another big volume, the we have an up retrace, follow by a short again where price forms the biggest volume at price of this morning. After this we can see that there's a divergence from price and delta bars, price go down but more trades are buy, and so also the biggest orders(the last pane), so when a big volume go up the price change up and we have a turning point from a down trend to up trend..... and so on...this is a way to follow the order flow.

Lubo.

I opened a little demo account of 500 Euro to track with myfxbook.

Lubo.