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dotrading

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Posts posted by dotrading

  1. Took this trade this morning.

    Reason was it was at the +2SD VWAP and therefore looking for a place to get short.

    Was targeting price moving back to VWAP (yellow line on right hand pic) + overnight half way back + 50% retrace from the previous move.

     

    Use Janes 1Renko chart to get in...was a bit late but liked the odds of going back to test VWAP etc

    Out with 1.75 pts.

    It later crashed 10 but was happy with the tics I got.

     

    https://www.sendspace.com/file/7uyxdn

  2. Very Good dotrading-

    but again - you cannot or lets say - you should not trade this pattern just literally - you need to have a REASON to enter- but still- very good.

     

    Thanks Jane. I will keep that in mind tomorrow. I appreciate you showing the 4-1 chart as well. Helps to see what you are looking at fib wise.

  3. Not been having the best of luck just using the delta on it's own to get an entry.

    But it seems to be useful to help confirm some basic TA like in this example of a trend line break. Very early on in my learning curve here but this trade worked out nice.

    I took 2.5 pts..

     

    The delta as price approached the trend line was -5800, I thought that should be enough selling pressure to drive it through the trendline. Which it did.

     

    I'll be looking for more trendline breaks, double tops etc and then see if the delta confirms these patterns.

     

    http://imgur.com/bY9Inhb

  4. Greetings all,

     

    I read through this thread as I was interested in learning about order flow and it's usefulness.

    I am looking over the shoulder of a friend who is using buyside global. It seems like it has some value, but not 100% sold on it as I don't have enough experience with it. If someone else has thoughts one how best to use BSG, I'm all ears.

     

    Today we put BSG beside a chart of the gomi ladder to see if just looking at the ladder and delta could identify an entry.

    Picture below (gomi far left, 15m middle, BSG right)

     

    I was looking for a short entry based on the 15 pullback, 50% retrace from that big move down.

    #1 the gomi had a large negative delta after hitting the 50% retrace...good

    #2 the BSG had a negative delta -790 on a green bar as it went to the 50% retrace area. Typically when the BSG bars are green the delta is + and when red they are - ...so I thought this was a good tell as well.

    Entry was 2356.50 and target was 2355.00 (the blue lines on the BSG chart)

    Target was hit (it actually went down 10pts, jeepers) Clearly I didn't hold long enough, but what I'm trying to do is find an edge with the order flow and find entries using it.

    This was a simple attempt at it, and am not sure what was more important..the 50% retrace, the delta numbers...a combo of both.

     

    Anyway, I will post a trade or two tomorrow as well and see if we can't flush out some decent ways to use delta and order flow to get us some winning trades. Hopefully others will do the same.

     

    First post, does that mean I'm not allowed me to post a pic? Hopefully the link I posted works. Sorry if it doesn't, please let me know how I can post a pic, thanks!

     

    http://imgur.com/a/plj6g

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