Disliked{quote} Sir, I did all the steps and i think i understand every thing but the market is tooo fast no time to decide about buys and sells!Ignored
Regards!
Success is nothing more than a few simple disciplines, practiced every day.
Hi!
I've taken some time to get to know the CScalp terminal and getting to understand it better.
Took some trades on one asset, since i thought it moved good enough to scalp several times.
I tried to look for temporary S/R levels and then look at the DOM to see if the volume was holding around those levels.
Several went through and i did close them asap though closing losing positions isnt my strongest point...
You talked before about, say we're short and one level above our entry is a big volume node, that if the volume in the DOM above our entry point is being
eaten away by +- 70% you close the short?
In reality, but i might be off or see it incorrect, i almost cant determine if the volume was eaten away by 70%. Do you somehow count upfront (before your fill) what the level would be if you exit in loss?
At this moment my goal is to take a lot of trades with one asset and then slowly increase assets to what i can handle (and my monitor allows
)
This is really great but hats off to people who can focus non stop.
All the best
ps: dont laugh about the numbers in the statement, its just the learning curve
I've taken some time to get to know the CScalp terminal and getting to understand it better.
Took some trades on one asset, since i thought it moved good enough to scalp several times.
I tried to look for temporary S/R levels and then look at the DOM to see if the volume was holding around those levels.
Several went through and i did close them asap though closing losing positions isnt my strongest point...
You talked before about, say we're short and one level above our entry is a big volume node, that if the volume in the DOM above our entry point is being
eaten away by +- 70% you close the short?
In reality, but i might be off or see it incorrect, i almost cant determine if the volume was eaten away by 70%. Do you somehow count upfront (before your fill) what the level would be if you exit in loss?
At this moment my goal is to take a lot of trades with one asset and then slowly increase assets to what i can handle (and my monitor allows
)This is really great but hats off to people who can focus non stop.
All the best
ps: dont laugh about the numbers in the statement, its just the learning curve
This is more like how i do it (perhaps all wrong but correct me if i misuse it or do it all wrong)
I drew some Horizontal levels at points of interest to me where i think price might turn.
I then looked at the DOM and saw (above this level) some heavy sell orders. Current candle did move down already and i was a bit late, but put my limit sell
at the rectangle marked in blue and tried to aim for the small grayish line on the chart (right) where i think some demand is lurking around also confirmed by the DOM.
Perhaps its all wrong, im just happy and excited and want to thank you for starting this thread otherwise i wouldnt know this stuff!
Have a great day!
{quote} Hi Hline! Believe me, you are doing just fine! I have never mentioned Cscalps telegram's bot ,but you have found it and make it work! A littler tip for you - there is a button "what moves" in it(the first one). Make the settings "1 hour" and you can monitor the market even with one monitor. Just open an instrument which is in game , make the DOM's settings right and try to understand why the price moving,and try to find situation for long or short. All I can say you are moving in a right deraction! Keet it going! {quote} Everything is right...
Really appreciate the input you give out.
Ok i will have a look at the top movers and see if i can add those to my list.
I still need a lot or practice to get used to the speed and to get familiar with the platform.
Also the used technique about the eating 70% of the volume concept is not yet clear to me, so i can cut my losers quickly.
Any chance new English vids for some strategies are coming out? I tried to follow your posted (page 2?) vids regarding spread trading but its all
Greek to me, dont understand what they do. I even tried to add english subtitles but didnt help yet
Have a green day!
Hi Machinator,
Results so far. Added some tokens to my list.
Some good, some a little worse, had some trouble with the losers.
Can you confirm whether or not, in the displayed scalper report, if the fee still needs to get extracted from the profit or?
I find my 15 dollars are staying at the same level lol... not concentrating on the earning part but just wondering.
Hope your trading is good today!
This is to show/ask how i took one of my losses just now, and if i could somehow improve it.
Had my lines drawn for the tokens i am monitoring atm.
One, on Doge, was inside a zone i drew up so i continually tried to scalp it up and down.
When i noticed a big(ger) volume around one of those two lines (circled in white, bottom right chart) i took a long or short.
This one i went short but it went over my line. The thing i find hard to do, perhaps lack of experience, which they also talk about in the video (2nd i think)
was that if 70% of the volume above my short level was 'eaten' you close the trade. Of course its something which must suit your personality i think
but for me its the best. In this case price did eat all the volume already so i manually closed it when it went over my line.
Can you shed some light how you deal with this?
Thanks, have a good weekend later on!
- #79
- Edited 10:46am Sep 20, 2021 4:44am | Edited 10:46am
Try to wait for density on the AGLD spot DOM, then i'll find that level on the future and decide whether to enter or not.
SL is placed on top of the spot density level just in case and else i will close out when around 70% (calculator isnt that fast
) is eaten away.Still tried some doge and LTC, somehow im to much 'connected' to those i guess...
This weekend i made some 10 mins recordings of the DOM and i try to replay those when i have some time to study the flow.
Thanks!
{image}Starting to like AGLD, gives me several opps to gain 0.2-0.8% with one lot. Try to wait for density on the AGLD spot DOM, then i'll find that level on the future and decide whether to enter or not. SL is placed on top of the spot density level just in case and else i will close out when around 70% (calculator isnt that fast
Good! Green is my favorite color.
Contol and use appropriate trading volumes in soft's trading volumes part. So decide your first trading volume. Lets say you have 15 dollars capital ,so your first trading volume can be 1X leverage 15 dollars worth position. Use this for all instruments, so if you lose 1% samewhere your 1% profit cover this loss. If the situation is good(you have short stop) enough you can try with doubled first trading volume(so you have to click left or right 2 times). So now you have money management plan and when you feel that yoour trading improved/or sucked why not?!) ,you can raise or reduce your trading volume accordingly.
Keep in touch !
Success is nothing more than a few simple disciplines, practiced every day.