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- DonPato replied Jun 1, 2022
APPROACH WITH CAUTION... This is yet another example of cherry picking in back test but real world application is doomed to financial failure
- DonPato replied Dec 10, 2021
I understand what you are saying and again repeat...I used to view the charts in the same way. However, using this tool...using the understanding that only 30% of the order flow is causing a large price movement tells me where the liquidity is and ...
- DonPato replied Nov 12, 2021
That is certainly part of the overall methodology. Knowing when to cutoff a losing trade or enter at a price point where the downside is small, is a large part of producing a profitable trading style. However, as you can see from my notes ...
- DonPato replied Nov 12, 2021
Hello...GREAT THREAD!! I couldn't agree more with your message at the beginning of this thread. Moving averages, indicators, oscillators, "systems" in general offer absolutely nothing more that just dumb luck to any serious trader. However, ...
- DonPato replied Nov 7, 2021
Hello All...Its been awhile since I posted anything worth reading. So while going over the weeklies and reviewing this week's trading activity I thought I would point out one of the clearest examples of Buying Absorption I've seen in a great while. ...
- DonPato replied Jul 25, 2021
Below is a screenshot of the depth of market (DOM) from my futures feed...(yes "real" volume). The numbers in the red column are the "depth" in contracts of the passive sell orders. The numbers in the blue column are the "depth" in contracts of the ...
- DonPato replied Jul 25, 2021
An interesting measure and I'd be interested in how that is calculated...in my data feed I am unable to see any DOM more than 10 ticks above and below the current quote. I quite understand that this is most likely calculated "dynamically", but still ...
- DonPato replied Jul 23, 2021
Below is a log entry from back in March of this year from a futures trade. These are examples of documentation of my trades...but also illustrates the advantage of looking at Volume Delta at each price level. The comments on this chart are self ...
- DonPato replied May 24, 2021
In order for me to answer your question I need to know what I'm looking at...I have looked at this several times and can't seem to figure it out. I have noted your graphic and have specific questions for each number listed: Is this a liquidity ...
- DonPato replied May 21, 2021
image First of all, congratulations on your successful short. If your goal was a quick short term "scalp" that trade was very well done. I have made some notations to your chart commenting on how I viewed the order flow and resulting price action. ...
- DonPato replied May 21, 2021
image The short answer to your question is "yes". This is reverse order flow. I would see this as day traders taking profit on longs ahead of the close of the day. It is very common and nothing that I would see as unusual or "wrong". Keep in mind ...
- DonPato replied Mar 14, 2021
Swing trading--a subject near and dear to my heart!! In order to do anything in life...one must first define well, what it is he wants to accomplish. In this case, what (exactly) is a swing point? While to some the answer might seem obvious, to ...
- DonPato replied Feb 5, 2021
I thought I might interject another idea into this discussion. One in which very few know about or even calculate or use. Since the entire idea of R:R is profitability perhaps one should consider this...which is the long the same lines. Cash Ratio: ...
- DonPato replied Apr 20, 2020
I'm still holding onto my long positions placed months ago...I hope my patience will pay off.
- DonPato replied Mar 11, 2020
Just checking the market on my cellphone. It looks like a stable range has formed.
- DonPato replied Mar 11, 2020
Looking at USD/CAD...All the bru-ha-ha over the corona virus has caused the CAD to fall to 2 year lows. And now it appears an order flow "inversion" is forming. I am in short with a small position
- DonPato replied Mar 10, 2020
Just when I was about ready to give up on trying to buy into this market...I was pretty sure the longs (like me) were driving the market lower with there stops. But I found the courage to try one more time. Odd...if I don't publish my entry, my ...
- DonPato replied Feb 25, 2020
Hello Friends, There is something I wanted to call your attention to that is very important when utilizing order flow to help you make trading decisions. This is the concept of "neutral" order flow. This is when the aggressive buyers and sellers ...
- DonPato replied Feb 24, 2020
Just a look at NZD/USD. I was triggered last night (during the Asian session) Buyers have been driving price lower and lower for the last couple of weeks. Until it looked like Friday the late sellers (retail crowd) finally gave up and sold...their ...
- DonPato replied Feb 24, 2020
Good Morning (West Coast US)... Looking at the Nat Gas market is showing a retest of the last two major gaps. The buying that closed the lowest gap appears to have enough liquidity to absorb selling in this same area. (pointed out with the crudely ...