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Most volatile EU/GU/XAU/BTC trading

  • #1,001
  • Jun 10, 2022 8:29am Jun 10, 2022 8:29am
Quoting RickM
{quote} Hi Mihajlou As a learning tool for the volume beginner, just jump onto the Futures code for EURUSD and study the relationship between volume and delta, then see the imbalance flip the market with a "thrust candle" moving price bearish or bullish. Then jump onto a Gold chart (Futures) and study Cascading stop runs to learn how the big players move the market for zero cost. BUT To trade with the Footprint charts on fast moving markets is a HEADACHE needing three pills and a stiff drink. It over complicates trading unless you stay with EURUSD....
Hey RickM! Can you share in a detailed manner how to daytrade like you do? I have seen your different posts but want to know how to put it all together to trade profitably. Let me know if I can message you privately. thanks
  • #1,002
  • Jun 10, 2022 9:39am Jun 10, 2022 9:39am
Quoting Bigballer12
{quote} Hey RickM! Can you share in a detailed manner how to daytrade like you do? I have seen your different posts but want to know how to put it all together to trade profitably. Let me know if I can message you privately. thanks
Please no PM's, it just wastes my energy when most never reply back.
Sorry to members if I don't answer many I receive, I just don't want to spend a hour a day writing on FF.

Ask them here.

I will post a trade or too I took tonight, explain my thought process I use and the indys I have on my chart.
The aim is to hit my profit target by the end of the session, whilst controlling draw down to modest levels.

My prefect night is to achieve my trading profit target while never letting the drawn down from any trade be larger than by final result. That means if I am aiming for a increase in equity of 3%, no trade can exceed 3% in drawn down.

That's the prefect trader in my books, tonight unfortunately I had one trade climbed just a bit higher than I wished - but 100% trade result at the finish.

Cheers
Trading thin liquidity at the boundary of the charts
  • #1,003
  • Jun 10, 2022 9:43am Jun 10, 2022 9:43am
Quoting RickM
{quote} Please no PM's, it just wastes my energy when most never reply back. Sorry to members if I don't answer many I receive, I just don't want to spend a hour a day writing on FF. Ask them here. I will post a trade or too I took tonight, explain my thought process I use and the indys I have on my chart. The aim is to hit my profit target by the end of the session, whilst controlling draw down to modest levels. My prefect night is to achieve my trading profit target while never letting the drawn down from any trade be larger than by final result....
Ok, Thanks. I am definitely just interested in how you trade and if you can help me get started that would be absolutely amazing!
  • #1,004
  • Jun 11, 2022 1:46am Jun 11, 2022 1:46am
Quoting Kraan
{quote} Dear RyuRyu, Appreciate you sharing your trading idea. Can you please clarify the below: 1. Distance. You can call it ATR, ADR or whatever. I just use ema 6 high * 100 / ema6 low. That is distance in %. I trade if it is bigger than 0.35%. Assuming... ema 6 high is 1.2350 ema 6 low is 1.2330 According the above logic, it works out as [1.2350 * 100 / 1.2330] = 100.16 Maybe I am missing something here - Hope you can clarify.
Sorry what to clarify? Primary school math?

ema 6 high is 1.2350 - 100%
ema 6 low is 1.2330 - x (we want to find)

then 1.2330 * 100 / 1.2350 = 100 - 99.8380 = 0.162%

Guys. I said many times: do not stick to any "holy grail" approach. I just showing you basic ideas. If you don't know how to find percentage difference between two numbers then you can just use ATR indicator. It doesn't matter. Distance between MA 6 high and low is ATR 6. Because ATR calculate the distance between high and low with some smoothing like EMA does. So it is about the same.

The key thing is that we must never use static values. Because market is not static. For example people say "I set my TP at 150 pips range and my SL and 75". That is bullshit. Marker don't care what numbers you like. It can go 148 pips, reverse and hit your 75 sl. Because market is market orders, it is not magic numbers and lines.
Observer effect
  • #1,005
  • Jun 11, 2022 3:48am Jun 11, 2022 3:48am
Quoting Bigballer12
{quote} Hey RickM! Can you share in a detailed manner how to daytrade like you do? I have seen your different posts but want to know how to put it all together to trade profitably. Let me know if I can message you privately. thanks
Hi Bigballer

How do I put it all together?

I am a scalper of liquidity where I am looking to enter a trade shortly after an imbalance on the order book as occurred.

Strategy one - is for Crypto mainly, it can be used for the Dow / S&P / Nasdaq as well. This is my primary strategy.
Strategy two - For Dow / S&P / Nasdaq trading WICKS and candle close when supported by Delta
Strategy three - WICK Liquidity hunting ending in higher close. This one you can put your house on (include your mother outlaw)

So Naked Candles, Volume indicator (that show Cum delta) and Delta.

On Ryan's thread, we favour trading any sexy red delta that's wearing lipstick. If its strong - WE ARE IN
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Trading thin liquidity at the boundary of the charts
  • #1,006
  • Jun 11, 2022 8:08pm Jun 11, 2022 8:08pm
Quoting RickM
{quote} Hi Bigballer How do I put it all together? I am a scalper of liquidity where I am looking to enter a trade shortly after an imbalance on the order book as occurred. Strategy one - is for Crypto mainly, it can be used for the Dow / S&P / Nasdaq as well. This is my primary strategy. Strategy two - For Dow / S&P / Nasdaq trading WICKS and candle close when supported by Delta Strategy three - WICK Liquidity hunting ending in higher close. This one you can put your house on (include your mother outlaw) So Naked Candles, Volume indicator (that...
Hey, Thanks RickM for showing me how you are trading. Is there anyway you could help me setup and start trading with these strategies? Honestly You're the only one I have seen trade like this so any further help would be greatly appreciated! thanks
  • #1,007
  • Edited 10:45pm Jun 11, 2022 9:59pm | Edited 10:45pm
Quoting RickM
{quote} As a learning tool for the volume beginner, just jump onto the Futures code for EURUSD and study the relationship between volume and delta, then see the imbalance flip the market with a "thrust candle" moving price bearish or bullish. Then jump onto a Gold chart (Futures) and study Cascading stop runs to learn how the big players move the market for zero cost. .
Could you pls explain these 2 themes with some chart example so we could understand and learn the technic pls. . and how often those behaviors happen,once a day, a week, a month?
when you read the volume delta which TF do you work on? Is any of the below volume indies useful or matching your volume chart, or Do we have to buy extra data to show volume delta?
Where is the easiest material, not too theoretical more application/ more practical thread book or pdf we can read about these observed volume price behaviors

Thank you for sharing
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  • #1,008
  • Jun 12, 2022 3:22am Jun 12, 2022 3:22am
Quoting ntk
{quote} Could you pls explain these 2 themes with some chart example so we could understand and learn the technic pls.
While we are waiting for RickM's charts I must say that it is pretty hard to explain volume trading using historical charts. Because there are no TF there. For example here. This candle was "bull" with positive delta for 53 seconds. And only 7 seconds changed everything.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 11 KB

So when we trade we look at context too: distance, volume, ma order, previous h/l and many other things (may be even news, why not).
As example of trading with news: shorting LUNA, I made >800% on it. Then lost 50% of it, so total gain was only 400%, but in this example there was no long trade ever because of news.
Observer effect
  • #1,009
  • Jun 12, 2022 8:48am Jun 12, 2022 8:48am
Quoting ntk
{quote} Could you pls explain these 2 themes with some chart example so we could understand and learn the technic pls. . and how often those behaviors happen,once a day, a week, a month? when you read the volume delta which TF do you work on? Is any of the below volume indies useful or matching your volume chart, or Do we have to buy extra data to show volume delta? Where is the easiest material, not too theoretical more application/ more practical thread book or pdf we can read about these observed volume price behaviors Thank you for sharing {image}...
Hi ntk

What time frame do I work on?

Time

In a day on EURUSD, the sales are approx. 1.5 Trillion dollars in turnover (Close enough for this discussion) so that's a lot of liquidity isn't it.
Well only if you trade the Day chart, how about the 1 minute chart then - now its down to only $10 Million a minute.
So 10 million dollars sounds good but its spread over a area of 9 pips up and nine pips down.
So now its not that impressive - only $550K per pip.

Where is this bullshit $1.5 Trillion dollar market now - it ain't there.

What's my point?

Time can be traded once we realise a few big orders will remove all Sellers or Buyers within a few pips. There is no more liquidity within reach of spread at that moment - we must make that moment count

We have an exhaustion event that can be traded against because price must reverse back to highest density of volume.

So I trade the moment based in 3-5 seconds where I have an edge over the market and trade hard before it changes.
My point is you can trade against the market if you measure volume in seconds - waiting for delta to collapse and trade with aggression.

Sound a bit hard, probably.

Therefore if you are a Trend sort of guy then don't go near the 1 minute chart - trade the M15.
Now the liquidity in fifteen minutes is up to $150 Million Plus and my reversal strategy is not going to work because it can't be seen.

But you can follow the Delta now on increasing volume and you will do very well.
The real game is played out under the 1 minute charts by wankers like me who are just manic scalpers and think data is like popcorn at a movie, but any sensible trader would trade the higher timeframes.

Here is a M15, just trade in the direction of the delta if volume is increasing.
Its the S&P from Fridays New York session.

Crypto is very good to trade as well because the delta never lets you down, give it a go.
Volume data all free

Cheers
Attached Image (click to enlarge)
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Trading thin liquidity at the boundary of the charts
  • #1,010
  • Jun 12, 2022 9:06am Jun 12, 2022 9:06am
Quoting Bigballer12
{quote} Hey, Thanks RickM for showing me how you are trading. Is there anyway you could help me setup and start trading with these strategies? Honestly You're the only one I have seen trade like this so any further help would be greatly appreciated! thanks
I scare at a screen for 6 to 8 hours a day (tell my wife I working on the accounts) and have no spare time for anything else. Actually maybe 2 or 3 more hours as I talk to a few guys on Discord after or during trading as well.

If you happen to come across me in a discord room one day, its a date.
Trading thin liquidity at the boundary of the charts
  • #1,011
  • Jun 12, 2022 3:22pm Jun 12, 2022 3:22pm
Quoting RickM
{quote} Hi Mihajlou As a learning tool for the volume beginner, just jump onto the Futures code for EURUSD and study the relationship between volume and delta, then see the imbalance flip the market with a "thrust candle" moving price bearish or bullish. Then jump onto a Gold chart (Futures) and study Cascading stop runs to learn how the big players move the market for zero cost. BUT To trade with the Footprint charts on fast moving markets is a HEADACHE needing three pills and a stiff drink. It over complicates trading unless you stay with EURUSD....
Hi @RickM - are you using a different platform to assess the Delta volume? This is only going to be accessible from a futures exchange so I wondered whether you were charting through one platform and placing your trades through another. If you are able to expand on this, I'd be obliged.

I've seen some tools that I'm interested in that run on NinjaTrader and Sierra Charts. I was inclined to use them for charting and place trades through MT4/5. I'm hoping that the pricing on the futures data is more or less the same as found on the spot-based charts from my broker on MT4/5.

Cheers.
  • #1,012
  • Edited 8:27pm Jun 12, 2022 8:07pm | Edited 8:27pm
Quoting Geester
{quote} Hi @RickM - are you using a different platform to assess the Delta volume? This is only going to be accessible from a futures exchange so I wondered whether you were charting through one platform and placing your trades through another. If you are able to expand on this, I'd be obliged. I've seen some tools that I'm interested in that run on NinjaTrader and Sierra Charts. I was inclined to use them for charting and place trades through MT4/5. I'm hoping that the pricing on the futures data is more or less the same as found on the spot-based...
Hi Geester

Google “myclusterdelta” and for the price of a cup a coffee, you can access futures volume onto MT4 /5.
Its only for US pairs but the data is good, it matches (in sync) with forex pairs - it leads by half a second actually.

Better still, pay the money and access futures via Sierra Charts which is considered the best futures platform by a margin.

My problem with Sierra (used it 4 years ago) is the interface is old fashion and no new updates for years.
I prefer Motive Wave or Quantower because at least updates come out monthly.

If you are into Crypto, I prefer Quantower which is really good, some say it’s a master of nothing but a general good all round platform. Personally I find it great and you are supporting the war effort as it’s based in the Ukraine.

Its watch list is amazing and you can program it to trade like an Algo.

Lastly, if you like delta - trade Gold / S&P / NASDAQ / Oil.

Before I forget, only trade when volume levels exceed breakout point - delta now is f……. amazing.
Thats a number each market owns to produce reliable trading signals. Last year the number for Gold was 333, this year it’s your job to work it out.

Cheers


PS - Volume on Crypto is even better because there is little absorption in these markets - YET
Trading thin liquidity at the boundary of the charts
  • #1,013
  • Jun 13, 2022 3:25am Jun 13, 2022 3:25am
New day started. So Three Amigos are warming up their trading setups.

First I want to know where are the volume hidden today? What coins big players want to pump/dump?

So I run my bot and it start to save live data from exchange API to the database and analyze it is real time.
I have found 4 coins to trade today: ***, ***, *** and xrp. They have good distance and good stable volume.

*** - try to figure out what coins I found yourself.

while I was writing this post, the bot earned +1.7% already

Observer effect
  • #1,014
  • Jun 13, 2022 4:00am Jun 13, 2022 4:00am
Quoting RickM
{quote} Hi Geester Google “myclusterdelta” and for the price of a cup a coffee, you can access futures volume onto MT4 /5. Its only for US pairs but the data is good, it matches (in sync) with forex pairs - it leads by half a second actually. Better still, pay the money and access futures via Sierra Charts which is considered the best futures platform by a margin. My problem with Sierra (used it 4 years ago) is the interface is old fashion and no new updates for years. I prefer Motive Wave or Quantower because at least updates come out monthly....
Thanks, Rick, for your valuable insights. Through Ninja Trader's brokerage, you can get access to CME, CBOT, Comex and Nymex data for $12 p/m. The four delta instruments you mentioned are on my horizon so, your confirmation is reassuring.

Cheers buddy!
  • #1,015
  • Jun 13, 2022 4:10am Jun 13, 2022 4:10am
Quoting RickM
{quote} Hi Geester Google “myclusterdelta” and for the price of a cup a coffee, you can access futures volume onto MT4 /5. Its only for US pairs but the data is good, it matches (in sync) with forex pairs - it leads by half a second actually. Better still, pay the money and access futures via Sierra Charts which is considered the best futures platform by a margin. My problem with Sierra (used it 4 years ago) is the interface is old fashion and no new updates for years. I prefer Motive Wave or Quantower because at least updates come out monthly....
Wow, I just looked at ClusterDelta. Their pricing is very, very reasonable indeed! I wrote a bunch of indicators for MT4 and tried to approximate Delta based on the M1 chart and some rules on the candles' profile. Suffice to say, it was marginally better but it wasn't Delta volume for obvious reasons. If ClusterDelta exposes their indicator buffers, I could use them as the data source for my indicators.

Again, thanks for pointing this out.
  • #1,016
  • Jun 13, 2022 4:46am Jun 13, 2022 4:46am
Quoting ryuryu
{quote} While we are waiting for RickM's charts I must say that it is pretty hard to explain volume trading using historical charts. Because there are no TF there. For example here. This candle was "bull" with positive delta for 53 seconds. And only 7 seconds changed everything. {image} So when we trade we look at context too: distance, volume, ma order, previous h/l and many other things (may be even news, why not). As example of trading with news: shorting LUNA, I made >800% on it. Then lost 50% of it, so total gain was only 400%, but in this...
thnk you ryuryu that is why trading live is harder than backtest on hindsight charts. I hope RickM ccould find a way and patience to share to us want-to-be learner
Hope he does.
  • #1,017
  • Edited 6:04am Jun 13, 2022 5:27am | Edited 6:04am
Quoting RickM
{quote} Hi ntk What time frame do I work on? Time In a day on EURUSD, the sales are approx. 1.5 Trillion dollars in turnover (Close enough for this discussion) so that's a lot of liquidity isn't it. Well only if you trade the Day chart, how about the 1 minute chart then - now its down to only $10 Million a minute. So 10 million dollars sounds good but its spread over a area of 9 pips up and nine pips down. So now its not that impressive - only $550K per pip. Where is this bullshit $1.5 Trillion dollar market now - it ain't there. What's my point?...
thank you for the lesson. I just realize now that you trade scalping under M1, and you are not even used MT4,so your delta could not be similiar or even how close to the Tickvolume_separated. very aggressive very professional. totally diffferent to what we learn from babypips or usual MT4 forum.

I dont have this future data, so I have no hope to learn from you, or understand your technique, but could you help with posting current chart of US30 & EU today or M15, M5, M1, current. Hence I trade H4, H1, M15, to M5 lowest only, I would like to check, to see how much different, or how wrong, how in German they would say "irrefuehrend", the Mt4 volume/tick indicators would be
<Usually I dont use Volume like this. Only to show I see SP500 on high TF neg, M1 also neg>
Attached Image (click to enlarge)
Click to Enlarge Name: sp500.png Size: 46 KB
Attached File(s)
File Type: ex4 ! waddah attar explosion - averages (mtf + alerts + arrows + btn).ex4   199 KB | 423 downloads
File Type: ex4 TicksSeparateVolumeDif.ex4   15 KB | 433 downloads
  • #1,018
  • Jun 13, 2022 6:08am Jun 13, 2022 6:08am
This would be a simple start for me.
I am trying to replicate the chart setup but I am making little headway.
Could you kindly confirm if you are using the online platform of clusterdelta and what options do you have selected, RickM?
If not, is it possible to have your setup replicated on the clusterdelta online platform?

I have attached an image of the far I have come in trying to replicate your setup.


Quoting RickM
{quote} Here is a M15, just trade in the direction of the delta if volume is increasing. Its the S&P from Fridays New York session. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 44 KB
  • #1,019
  • Jun 13, 2022 6:18am Jun 13, 2022 6:18am
Quoting ntk
{quote} thank you for the lesson. I just realize now that you trade scalping under M1, and you are not even used MT4,so your delta could not be similiar or even how close to the Tickvolume_separated. very aggressive very professional. totally diffferent to what we learn from babypips or usual MT4 forum. I dont have this future data, so I have no hope to learn from you, or understand your technique, but could you help with posting current chart of US30 & EU today or M15, M5, M1, current. Hence I trade H4, H1, M15, to M5 lowest only, I would like...
Hi ntk

Wow, so much information, you deserve a medal if you can make sense of all that data.

I believe the human mind can only focus on sets of data at once - unless your'e a woman of course.

This is the Dow M15 from Friday through to now. What it shows is if you weren't selling the M15- you have rocks in your head.

The key to this chart if you choose to trade delta is - ONLY TRADE ON HIGH VOLUME =around 2,000 units per minute.
Over 500 units per minute is tradable as well but only on smaller timeframes.
Attached Image (click to enlarge)
Click to Enlarge Name: ymm22.png Size: 31 KB
Trading thin liquidity at the boundary of the charts
  • #1,020
  • Jun 13, 2022 7:17am Jun 13, 2022 7:17am
Quoting RickM
{quote} Hi ntk Wow, so much information, you deserve a medal if you can make sense of all that data. I believe the human mind can only focus on sets of data at once - unless your'e a woman of course. This is the Dow M15 from Friday through to now. What it shows is if you weren't selling the M15- you have rocks in your head. The key to this chart if you choose to trade delta is - ONLY TRADE ON HIGH VOLUME =around 2,000 units per minute. Over 500 units per minute is tradable as well but only on smaller timeframes. {image}
you can call it paranoid but for me MM can pull out a hat trick at anytime to pull price back to 200ema even to 800ema like V shape just to hunt SL since it is not so simple to stay Sell since Fri on M15
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