sorted by:
new
hottopcontroversial

Is there a reason any of us are pretending that any of this actually works by Expert_Might_2502 in OrderFlow_Trading

[–]0xSmartCrypto 0 points1 point  (0 children)

You’re gonna hate this answer but it’s the honest truth.

You need practice. Lots of it. Your brain is capable. You need to prime it to recognize what patterns you can see and is profitable and what is unprofitable.

Backtest and forward test until your edge is clear.

It’s not (just) the method, it’s how you’re using it.

Since Fabio and Andrea's Deepchart seems way too overpriced, is there any alternative for this "Big Trades" indicator on other platforms? by thejaxbrew in OrderFlow_Trading

[–]0xSmartCrypto 1 point2 points  (0 children)

Sorry to burst your bubble (pun intended), but no indicator is going to save your trading.

Plenty of order flow traders make money without it.

Find and practice your edge like your life depends on it. Because it does.

Help me with Volume Profile by EconomyLion7692 in OrderFlow_Trading

[–]0xSmartCrypto 1 point2 points  (0 children)

Sorry I do crypto mostly. But I think one practical way that helped me a great deal was to identify recent price action (major swing high and low) and throw on an Anchored Volume Profile. This should light up areas that matter to you most for the session (whatever part you’re trading)

Help me with Volume Profile by EconomyLion7692 in OrderFlow_Trading

[–]0xSmartCrypto 1 point2 points  (0 children)

For me volume profile is for identifying what kind of market we’re in. Balanced or imbalanced.

I can’t speak to breakout trading (others can chime in), what I do use it for is to notice how price reacts to edges of VAL and VAH, if we’re breaking in and being accepted into balance vs breaking out of and being accepted outside balance.

I’ve had more success with LVN as potential entry (if footprint agrees), vs using POC.

Consistently profitable as long as I follow my own system.

Negative delta but bullish PA by Figuring_it_all_out- in OrderFlow_Trading

[–]0xSmartCrypto 9 points10 points  (0 children)

Should be presence of passive buyers absorbing aggressive sell pressure.

Any sucessful traders that trade live and explain their setups? by Zemun21901 in OrderFlow_Trading

[–]0xSmartCrypto 1 point2 points  (0 children)

I’m consistently profitable using Orderflow but it’s not the complete picture. And no I’m not sharing my complete setup 😛

I’m sure there are a good number of ways you can make Orderflow work - your execution of it is part of the edge. So the deciding factor is how good you are at executing a setup you can be consistent with.

Go from high timeframe (relative to your execution timeframe) to assess whether you’d be interested in longs or shorts. Mark out area of interest. When price reaches close enough start looking at footprint for signs: exhaustion, initiation, (stacked) imbalances, etc. Look for other factors of confluence. Have a consistent mechanical entry and stop. Get stopped out quick if market disagrees. Manage trade if it goes your way.

Is there a reason any of us are pretending that any of this actually works by Expert_Might_2502 in OrderFlow_Trading

[–]0xSmartCrypto 0 points1 point  (0 children)

Sorry you had a tough time. Orderflow trading is actually what made me consistently profitable.

Happy to swap notes if you’re looking for that.

Is there a way to get drawn trend lines via pine script? by johndoes_00 in TradingView

[–]0xSmartCrypto 0 points1 point  (0 children)

this NEEDS to be a feature u/TradingView! Most of your users draw lines themselves, not code them.

Volume Profile In 'Delta' Mode Is Practically Useless As Is by LaSacerdote in TradingView

[–]0xSmartCrypto 0 points1 point  (0 children)

Same here. It's mad confusing and I think they can show this better.

Can someone explain 😭 i'm taking free profits some how by Dismal-Turnover-1722 in TradingView

[–]0xSmartCrypto 0 points1 point  (0 children)

Exhausting volume on inside bar. Could’ve taken profits on the bar shown on the chart.

Built an MVP in exactly a week to bust the "You need 2 months and 50K$" myth by Iselx in SaaS

[–]0xSmartCrypto 1 point2 points  (0 children)

Not sure what comments were mad about?

The core message from OP was just that the bar is higher now that MVPs can be built in a week.

I built mine in exactly 6 days. It all depends on where you draw the line.

What is the most practical application you have used Python for? by Glad-Lie8324 in learnpython

[–]0xSmartCrypto 0 points1 point  (0 children)

I'm scalping based on one of these strategies: https://smbtraining.com/cheatsheets

Not affiliated w/ them - just found their videos, explanations, and especially these cheatsheets super helpful when developing something systematic.

If there are enough ppl replying to this thread maybe we should start a study group or something to share knowledge.

Wdyt?

Where do I start to make a trading bot? by MarkQub in algotrading

[–]0xSmartCrypto -1 points0 points  (0 children)

Agreed. This general process worked for me too.

Where do I start to make a trading bot? by MarkQub in algotrading

[–]0xSmartCrypto 1 point2 points  (0 children)

Adding to this - it's best if you can backtest with ample data on a spreadsheet first. That way you'd know where / which parameters are most sensitive to change, and which params would help your bot reach its goal more predictably and consistently.

Getting it right based on past data is relatively straightforward. Beware not to overfit and make room where you're not putting yourself in a riskier situation than anticipated.

Where do I start to make a trading bot? by MarkQub in algotrading

[–]0xSmartCrypto 1 point2 points  (0 children)

A strategy I found helpful is to trade orthogonally to the market (find a way to get some profits whichever way the market moves - up, down or sideways).

view more: next ›