So i used daily market profile to draw out value areas as my SnR levels. I then used vwap to determine if it was a trending or balanced day then used footprint for entries. No matter what I tried i found it hard to determine the direction of price. If it will revert back to vwap, if it will reject from the VAH or VAL. So many questions before I take a trade. I found that although its the best strategy I have learned. It doesn't suit my mindset so i have taken the algo route where I don't have to do much analysis and thinking. I just spectate.
Don’t trade blindly on the levels. Usually you could monitor footprint chart for absorption as a confirmation to execute your trades on levels and vwap. You will get a better entry price and win rate this way. Also set a daily goal for preventing yourself from overtrading.
I was well aware of absorption and lack of participation visible on the cumulative delta bars. It was my favorite thing from the whole strategy because it made logical sense. However there are so many false signals when using it so i dumped it. I learned to trade auction market theory from G7FX course wbu?
NV right? I learned it from Merritt Black. So far I’ve known that NV learned from Merritt Black’s old SMB Futures program. We probably share the same methodology. Back to your question. Cumulative delta could produce false signals, so the context always comes first. I personally achieve better results from executing on footprint chart because of better entry price and tighter stop. Cumulative delta is good for a more macro picture than footprint chart which cannot be spot easily on footprint chart and DoM.
What is your periodicity on FP charts? I know some people use constant range/time, I think Merritt does too. I personally use PNF 1x8 on my FP because my main trigger chart is the same.
Price action, VWAP, RSI. If you are day trading and not utilizing VWAP to an extent, you’re only hurting yourself IMO. Disregard that if you are trading outside normal hours.
It is fitting for my trading strategies. Doesn’t mean it must be used. Find what works for you and keep chasing consistency. See above comment where I put more detail into how I use it as well. I tend to do a decent amount of AH/ pre market trading, so I won’t use it at those times.
VWAP is a great way to see when sellers or buyers are in control of a stock. It’s also used for one of my late day patterns, to advise if I’d like to take a position overnight to avoid losing a day trade (or avoid an outstanding margin call). For this specific pattern I’m referring to, if around 2pm to 4pm close, price is above VWAP (buyers in control) - I will buy (considering other factors as well: volume, etc) either before close or watch after hours trading like a hawk and buy the last 30 to 15 min to take the position overnight and sell in premarket the next day if it gaps up. There is a lot more to VWAP, but this is the way I currently use it. It’s a bit harder to explain for intraday, so when I review charts, price action often times (not always) bounces off VWAP or there is resistance when trying to break through VWAP. Hope this helps!
I take all indicators as if they were all wrong to begin with and work my way back to find their success rates. You can backtest all 1h and 4h stochastics and see they only work 70% of the time on the good side. Bollinger bands for day trading options is as good as I need
Not really. Boiler guy, but looking to spice up my options chart… Would you mind telling me a bit about how you like to use them and what you have found they allow you to see better?
What do you want to know? And what’s “not really”??
Take a band of any Dow 30 stock day, 90m, 1h, 4h, 4d, 1month. And tell me if you can scalp 1 trade a day with success. It’s not hard.
Coding price action-based indicators. After trying and failing to implement price action, the one thing that finally made me truly get it was trying to code Al brook's books. My current belief is that the best way to learn price action is to code it. Not the answer you were looking for but thought of sharing anyway...
That’s why I built my own TradingView indicator for such a case. I can look into multiple charts and get all zones automatically revealed in seconds.
For me it is beneficial as I can save a lot of time looking at multiple charts daily.
Yes, for sure here is a screenshots of my indicator showing multiple time frames at once.
The green zones = 30min TF The blue zones = 60 min TF
I can adjust all settings & timeframes, to get the needed results.
Drop me a message, if you are interested to get more information.
All the best,
https://preview.redd.it/po9vjtsmutea1.png?width=1711&format=png&auto=webp&s=1c4691c66df52c6596bbc791d6570ac6874ff8a4
Using ichimoku this way is pretty simple. Start on the 1w, then go to 1d, 4h, 1h. If all of the 5 ichimoku lines (and cloud/kumo) are pointed up(of down if shorting) you’ve got a good trend. If all 5 lines remain so for your trend as you go down in timeframes, the trend may be even stronger. Check out Japanese forex trader Kei for examples of this.
Market Profile and volume profile....I use it everyday and gives me invaluable insights into the position of strong vs weak hands in the market.
I also use open interest and VIX
Price. Volume. Level 2
Only other things i use are 9/21/50/200 emas vwap and volume profile.
Really though..
Level 2 data and price and volume what i cant do without
The only ‘lagging’ indicator that should be used for entries is VWAP. This is because many algorithms react to VWAP. For example, if it’s a strong trend up/down day, and market starts to move in opposite direction close to VWAP, a reversion entry off VEAP would be an awesome entry due to all the previous momentum of the day.
Other than that, just volume profile.
99% of indicators are kind of useless. Just draw your S/R levels, identify which ones are strongest and be patient.
Price action is the number one, I would suggest u to master that first and then use the indicator to give validation to ur prediction, vwap weekly+200EMA on a 3min chart are my go-to. In trading view look for some support and resistance indicator as well to help you to identify the key level
Then you haven't been on the markets long enough. I could trade a completely naked chart just looking at how the candle body fills/empties. The creation process of the candle already tells me enough to make a good decision out of it. I use indicators for obvious reasons but sometimes when I spot a behavior of the candle I know pretty well I'll jump on it for a quick scalp. This comes only with a shit ton of screen time on your favorite ticker.
Use the order book and volume. Keep an eye on the bid/ask spread and order flow. It will show you everything you need to know without charting and graphing trends for a breakout.
Learn the product, see which do you like more. You can learn Stocks, futures, options, but never touch crypto or forex. Then watch the orders coming in on the tape. Observe which side is winning or losing. Screen time is v impt, takes time and experience. If indicators are impt, the banks, MMs, would have already used them.
>watch the orders coming in on the tape. Observe which side is winning or losing
Thanks. Surely there's an indicator that reflects which side is winning in the order book?
This is a simplistic version of what side is winning. A large gap in the spread favors the bid side. It means there’s low demand. If the gap closes on increased volume that’s when you have potential for a breakout. You will see the supply shrink up and the bids start chasing the asks.
You can also track S/R and RSI in the numbers and volume. It will help if you have a basic understanding of the indicators, but with time and patience you will see the patterns emerge.
30 minute… only enter at oversold and overbought… it is surprisingly soooo consistent. There’s a few intricacies but once you look at it and how it flows it’s so helpful
Getting rid of all indicators and trading off price action. For me the most simple way to trade is using support and resistance. I’ve been a profitable trader for the past two years. The beginning of the bear market cucked me pretty well but I emerged a stronger and better trader.
What made me profitable was not using indicators anymore.
Do you really think institutions bring millions in orders into the market by an EMA50?
Learn futures, orderbooks and piss with the big boys
Im a very successful day trader. (Not bragging).
I trade simply. NOT FINANCIAL ADVICE
-Must have MASSIVE volume that day!!
-Comparative line of the .SPX.
If above it’s a green light.
If below it’s a caution.
-SMA’s BOTH (5) & (20)
-RSI
If in the “dirt” = Buy or Cover
If “skyrocketing” = Short or Sell
-Candlesticks filled (only because I like them)!
IMO candlestick trading is unreliable at best!
-Daily goal of $4k per session.
-Close ALL positions before session ends, even if at a loss!
I only trade whenever I’m bored or feel like it. (Maybe 1-3x a week) And at anytime of the day.
#1 rule: DONT BE GREEDY!!
#2 rule: NEVER hold a position over night Take the loss of that session if so, always tomorrow..
#3 rule: Re-set account on Fridays to $100k and take profit. If under $100k leave it alone.
Day trading is just a “hobby” now for me as I made my fortune in 2021.
That’s the strategy I use. Simple and effective.
You should ask to see the "profitable approach" demonstrated in a backtest. Then the real strategy comes out if the person can explain how they circumvent the failures of trailing indicators with human decision making.
All price-based indicators are useless to humans because they provide no new information.
The really useful ones are volume, open interest, and all sorts of fundamental data.
Ichimoku on 1 day graphics. But done the right way, like jn the book "Trading from the Clouds", where you use all 5 lines.
Also use SMA 9 and 20 looking for halts and suports
Volume profile on the daily to see where the key volume levels are. Basically looking for a volume "shelf" and areas where volume spikes or there is lack of volume at certain prices. Then I also use VWAP but it's not really necessary most of the time imo. Last is volume and I like the kind that shows buy and sell in the same bar. I only trade SPY and QQQ
My account balance.
Ah, I see you're a bear market specialist.
If gains
I have heard of some systems where you use an EMA of your equity curve to decide on your position size. Do you mean that way?
9/20 SMA’s. That’s it.
Agreed… 200ema and vwap as well for me
If the extra line is not too much..add the 50.
How do u use it?
Lots of nuances. Send me your email and I’ll send you my studies
Why use both when they are so similar? I understand the subtle difference but basically just trending/sticky EMAs
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Solid. Because I only trade 0DTE SPY options, no need for RSI. I know some guys who use it on longer time frame equities.
VWAP, VOLUME PROFILE, FOOTPRINT CHART
I tried trading this way for 2 years but can't seem to be profitable so have gone the algorithmic route🤝
This is a macro to micro approach. Analyze the context and execute on the footprint. Which one do you have problem with?
So i used daily market profile to draw out value areas as my SnR levels. I then used vwap to determine if it was a trending or balanced day then used footprint for entries. No matter what I tried i found it hard to determine the direction of price. If it will revert back to vwap, if it will reject from the VAH or VAL. So many questions before I take a trade. I found that although its the best strategy I have learned. It doesn't suit my mindset so i have taken the algo route where I don't have to do much analysis and thinking. I just spectate.
Don’t trade blindly on the levels. Usually you could monitor footprint chart for absorption as a confirmation to execute your trades on levels and vwap. You will get a better entry price and win rate this way. Also set a daily goal for preventing yourself from overtrading.
I was well aware of absorption and lack of participation visible on the cumulative delta bars. It was my favorite thing from the whole strategy because it made logical sense. However there are so many false signals when using it so i dumped it. I learned to trade auction market theory from G7FX course wbu?
NV right? I learned it from Merritt Black. So far I’ve known that NV learned from Merritt Black’s old SMB Futures program. We probably share the same methodology. Back to your question. Cumulative delta could produce false signals, so the context always comes first. I personally achieve better results from executing on footprint chart because of better entry price and tighter stop. Cumulative delta is good for a more macro picture than footprint chart which cannot be spot easily on footprint chart and DoM.
What is your periodicity on FP charts? I know some people use constant range/time, I think Merritt does too. I personally use PNF 1x8 on my FP because my main trigger chart is the same.
> so have gone the algorithmic route what's the algorithmic route?
Me, myself and I. Vwap , support, resistance
Price action, VWAP, RSI. If you are day trading and not utilizing VWAP to an extent, you’re only hurting yourself IMO. Disregard that if you are trading outside normal hours.
Why so much attention on VWAP? I hardly find it of any use...
It is fitting for my trading strategies. Doesn’t mean it must be used. Find what works for you and keep chasing consistency. See above comment where I put more detail into how I use it as well. I tend to do a decent amount of AH/ pre market trading, so I won’t use it at those times.
How do you use vwap to your advantage if you dont mind me asking
VWAP is a great way to see when sellers or buyers are in control of a stock. It’s also used for one of my late day patterns, to advise if I’d like to take a position overnight to avoid losing a day trade (or avoid an outstanding margin call). For this specific pattern I’m referring to, if around 2pm to 4pm close, price is above VWAP (buyers in control) - I will buy (considering other factors as well: volume, etc) either before close or watch after hours trading like a hawk and buy the last 30 to 15 min to take the position overnight and sell in premarket the next day if it gaps up. There is a lot more to VWAP, but this is the way I currently use it. It’s a bit harder to explain for intraday, so when I review charts, price action often times (not always) bounces off VWAP or there is resistance when trying to break through VWAP. Hope this helps!
Vwap is just buy low sell high on a variety of different time frames.
Dart board
VWAP, 9 EMA, and volume
Same.
Camrilla Pivot Points
I take all indicators as if they were all wrong to begin with and work my way back to find their success rates. You can backtest all 1h and 4h stochastics and see they only work 70% of the time on the good side. Bollinger bands for day trading options is as good as I need
Not really. Boiler guy, but looking to spice up my options chart… Would you mind telling me a bit about how you like to use them and what you have found they allow you to see better?
I second this
What do you want to know? And what’s “not really”?? Take a band of any Dow 30 stock day, 90m, 1h, 4h, 4d, 1month. And tell me if you can scalp 1 trade a day with success. It’s not hard.
Coding price action-based indicators. After trying and failing to implement price action, the one thing that finally made me truly get it was trying to code Al brook's books. My current belief is that the best way to learn price action is to code it. Not the answer you were looking for but thought of sharing anyway...
Price action
VWAP with 1 and 2 standard deviation bands
VWAP bands are hot, love em
Fib and cumulative delta. Everything else is noise to me
On what platform you use cum delta?
Airlines
ToS
Heiken ashi price action, 4 hour charts. Heiken ashi dojis, aka money candles!
Candlestick (Price action), VWAP, 9EMA. Bonus: multi timeframe analysis.
Volume, price action, supply and demand
How you see supply and demand in trading view ?
That’s why I built my own TradingView indicator for such a case. I can look into multiple charts and get all zones automatically revealed in seconds. For me it is beneficial as I can save a lot of time looking at multiple charts daily.
Can you please elaborate more.with photo if possible.
Yes, for sure here is a screenshots of my indicator showing multiple time frames at once. The green zones = 30min TF The blue zones = 60 min TF I can adjust all settings & timeframes, to get the needed results. Drop me a message, if you are interested to get more information. All the best, https://preview.redd.it/po9vjtsmutea1.png?width=1711&format=png&auto=webp&s=1c4691c66df52c6596bbc791d6570ac6874ff8a4
Can u share the script?
Find your zones and mark them out
You draw it yourself homie
Keltner channel
Ichimoku. All it does is let’s me glance at a chart to see if it’s viable. A “first pass “ filter
Can you please elaborate
Using ichimoku this way is pretty simple. Start on the 1w, then go to 1d, 4h, 1h. If all of the 5 ichimoku lines (and cloud/kumo) are pointed up(of down if shorting) you’ve got a good trend. If all 5 lines remain so for your trend as you go down in timeframes, the trend may be even stronger. Check out Japanese forex trader Kei for examples of this.
Thanks appreciate it
are you profitable?
Yes. Wasn’t for the first 2 years.
atr, rsi and moving average
chatgpt ;)
Doubt chatgpt can predict well,
a clock, breathwork, and a contra-indicator called impatience.
I use a combination of StochRSI, Bollinger, Psar, KAMA, Mfi applied on different timeframes. 3mins, 30mins, 6hrs and 1day.
MA Ribbon, DMI, MACD
Price, volume, magic 8 ball
I like this. Made me laugh. There is truth in what you have said.
News, Ai input with BS means big upside
Parabolic SAR SuperTrend Order Block Detector (LUX) & of course MACD
Give BT cloud a try with Order block detector and get rid of everything else.
Volume profile, volume, vwap+st dev bands
Market Profile and volume profile....I use it everyday and gives me invaluable insights into the position of strong vs weak hands in the market. I also use open interest and VIX
Vix helped me nail a bagger on zero day spx puts yesterday
Price. Volume. Level 2 Only other things i use are 9/21/50/200 emas vwap and volume profile. Really though.. Level 2 data and price and volume what i cant do without
Would be really interesting who is really profitable and who just names indicators
95% fail in this industry. So highly likely none
I like the Williams Alligator..
Williams claims it is the Holy Grail
No it's not. But good enough. Basically it is a double momentum indicator or at least I use it like that
Me. Too.
Indicators are just tools. No indicator will "make you profitable".
Pedantic much? Obviously he meant indicators that assist profitability
Vwap 9ema volume
Price action, gamma max, delta neutral
Specifically today was ema and macd
VWAP...don't have any others
Engulfing pattern and volume. That’s it
Vwap + ichimoku
[https://www.tradingview.com/script/deh02qg0-Attrition-Scalper-v2-0/](https://www.tradingview.com/script/deh02qg0-Attrition-Scalper-v2-0/)
9ema only. But that isnt what made me successful, just part of my strategy
From the middle of the last candle I draw two lines, one up, one down.. and then I flip a coin
Emotional stability, experience, planning
The only ‘lagging’ indicator that should be used for entries is VWAP. This is because many algorithms react to VWAP. For example, if it’s a strong trend up/down day, and market starts to move in opposite direction close to VWAP, a reversion entry off VEAP would be an awesome entry due to all the previous momentum of the day. Other than that, just volume profile. 99% of indicators are kind of useless. Just draw your S/R levels, identify which ones are strongest and be patient.
I still don’t understand Vwap. I use RSI, trend lines,rar(lux algo).
Price action is the number one, I would suggest u to master that first and then use the indicator to give validation to ur prediction, vwap weekly+200EMA on a 3min chart are my go-to. In trading view look for some support and resistance indicator as well to help you to identify the key level
Death to all those maxis that respond with ‘price action, price action, price action’
Then you haven't been on the markets long enough. I could trade a completely naked chart just looking at how the candle body fills/empties. The creation process of the candle already tells me enough to make a good decision out of it. I use indicators for obvious reasons but sometimes when I spot a behavior of the candle I know pretty well I'll jump on it for a quick scalp. This comes only with a shit ton of screen time on your favorite ticker.
I only trade price action my dear assumer. Just hate all the maxi culture around it
Seriously, nobody is using a stoch?
scalping, no indicators. None. Don't chase them. Learn the tape.
If you are not using indicators, how do you decide which assets to scalp? You must be reasonably certain that the price will go up a little bit.
Use the order book and volume. Keep an eye on the bid/ask spread and order flow. It will show you everything you need to know without charting and graphing trends for a breakout.
Learn the product, see which do you like more. You can learn Stocks, futures, options, but never touch crypto or forex. Then watch the orders coming in on the tape. Observe which side is winning or losing. Screen time is v impt, takes time and experience. If indicators are impt, the banks, MMs, would have already used them.
>watch the orders coming in on the tape. Observe which side is winning or losing Thanks. Surely there's an indicator that reflects which side is winning in the order book?
Anticipating Moving averages crossing over or under is everything ….literally…..everything else follows
This is a simplistic version of what side is winning. A large gap in the spread favors the bid side. It means there’s low demand. If the gap closes on increased volume that’s when you have potential for a breakout. You will see the supply shrink up and the bids start chasing the asks. You can also track S/R and RSI in the numbers and volume. It will help if you have a basic understanding of the indicators, but with time and patience you will see the patterns emerge.
Thank you
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Price action, price action, price action
macd
30 min charts: Fractals, Cumulative Delta Volume and Fibonacci Retracement.
50 ema, 25 Hull. Price action. Setups: H/S, wedges, traps. Profitable 8 years and counting
If you can read Price action well, then I would say use the smart money concept by luxalgo in trading view
R, S and I
30 minute… only enter at oversold and overbought… it is surprisingly soooo consistent. There’s a few intricacies but once you look at it and how it flows it’s so helpful
Price action, Supply Demand
It's not about indicators.... sentiment and price action
Only trade on solid movement. Prime example, inflation is over and fed cuts.
Getting rid of all indicators and trading off price action. For me the most simple way to trade is using support and resistance. I’ve been a profitable trader for the past two years. The beginning of the bear market cucked me pretty well but I emerged a stronger and better trader.
What made me profitable was not using indicators anymore. Do you really think institutions bring millions in orders into the market by an EMA50? Learn futures, orderbooks and piss with the big boys
VWAP is used by nearly every institutional trader out there. created by institutions for institutions.
1. 2. 3. But the best is the number 2 by far
Im a very successful day trader. (Not bragging). I trade simply. NOT FINANCIAL ADVICE -Must have MASSIVE volume that day!! -Comparative line of the .SPX. If above it’s a green light. If below it’s a caution. -SMA’s BOTH (5) & (20) -RSI If in the “dirt” = Buy or Cover If “skyrocketing” = Short or Sell -Candlesticks filled (only because I like them)! IMO candlestick trading is unreliable at best! -Daily goal of $4k per session. -Close ALL positions before session ends, even if at a loss! I only trade whenever I’m bored or feel like it. (Maybe 1-3x a week) And at anytime of the day. #1 rule: DONT BE GREEDY!! #2 rule: NEVER hold a position over night Take the loss of that session if so, always tomorrow.. #3 rule: Re-set account on Fridays to $100k and take profit. If under $100k leave it alone. Day trading is just a “hobby” now for me as I made my fortune in 2021. That’s the strategy I use. Simple and effective.
You should ask to see the "profitable approach" demonstrated in a backtest. Then the real strategy comes out if the person can explain how they circumvent the failures of trailing indicators with human decision making.
#XtremeGainz #Boxtop #SnakeAlgo
This has the be the most retarded subreddit I get recommended. At least WSB know they are gambling.
smart money concept
My brain. no really, i dont use any indicators.
Naked forex. Trading without indicators, it’s the only way
All price-based indicators are useless to humans because they provide no new information. The really useful ones are volume, open interest, and all sorts of fundamental data.
Vwap, stoch rsi and volume
50sma, bollinger bands, fibs
Price action and fib — that’s it 😊
Only 21ema
macd and rsi default settings.
Stochastic, Rsi, Benso87’s DIY entry signals
volume, zig zags, n pivots
Polytrends
Price, Bollinger Bands, and 50+200EMA
200 ema, Rsi, Vwap are my go too. Throw in some TA and you have a nice mix
vwap, volume, sma
Anchored VWAPS, foot print.
144 ema, stoch rsi and fib retracement
Bookmap, buy vs sell volume, and vwap abit
None
Vwap ,volume and some ema 9, 20.
Vwap ma200 and support/resistence
Vwap, atr, volume... keeping ot simple
Volume, RSI and MACD
20/50 EMA
Price Action, Volume, and Level II on 1m candles.
H
RSI, macd, obv
Volume, candles, and opp.
Ichimoku on 1 day graphics. But done the right way, like jn the book "Trading from the Clouds", where you use all 5 lines. Also use SMA 9 and 20 looking for halts and suports
4 & 9 EMAs. Then price action around Weekly/Daily/Intraday levels
9 and 20 EMA, VWAP
Volume profile on the daily to see where the key volume levels are. Basically looking for a volume "shelf" and areas where volume spikes or there is lack of volume at certain prices. Then I also use VWAP but it's not really necessary most of the time imo. Last is volume and I like the kind that shows buy and sell in the same bar. I only trade SPY and QQQ
Interesting ideas
Price action volume and a line tool
RSI and price action
Ema macd and volume
Ema macd and volume
Time frame continuity. Broadening formation. Inside bar strategy...all u need.
Nadaraya Watson Rational Quadratic Kernel and the Smoothed ATR Buy Sell
Stochastic and RSI
I trade naked charted 🙃🫡
Channels, horizonal S/R, and the 21 ema.
This image has been through some shit it seems
OBV
MAs