I will include all information relating to the chartbook and studies I use in my review videos here. If I need to add things in the future, I will just add it to this thread.
Going to make this pretty comprehensive so please go through all of it before DMing me.
🧵👇
Video of Exhaustion that marked low of day yesterday. 1 minute clip, no commentary this time I didn't trade this area.
Working on a short write up about Exhaustion and wanted to provide a visual aid. Let me know what you think 🫡
#NQ_F
#ES_F
#Trading
Upside Exhaustion in NQ that lead to a temporary end of the opening drive on 5/20.
6 minute DOM review, I talk through it so sound on 🔊
Before you ask I am working on releasing a version of this chart book. Please be patient lol
#NQ_F
#ES_F
#Trading
Good news, I will be able to share my DOM and the differential with you guys for free.
The guys at
@orderflowlabs
are coding it up. It will be released in their free package. It will take a couple weeks but when done I will provide instruction and links on how to set it up.
I got to a point where I felt I was *so close* to being consistently profitable but just wasnt. So much time watching replays and changing charts trying to identify the issue.
Had nothing to do with technicals. I was the problem. I still am my main problem, just less frequently.
The ask-bid volume study many of you have been asking about is live for Sierra Chart through
@orderflowlabs
free subscription.
I will be putting together a version of my DOM chart book tonight for Sierra users and will share it with some instructions tomorrow.
OFL Freemium just got upgraded.
Time and Sales can be hard to follow sometimes and this is a simple study that can help you view that data in a simple way.
Tape Reader shows this activity with a simple histogram view you can stick near your DOM / Time and Sales.
#NQ_F
#ES_F
115 point move down in NQ following trend continuation Reoffer. From 5/23 sound on 🔊
This will be my last video before the long weekend. Hope all that celebrate have a great time. Those that don't, spend some extra time in replay 🫡
#NQ_F
#ES_F
#Trading
This activity caught NQ high of day on 5/7. Here is a 12 min video DOM review where I talk through what I saw that got me short. Sound on 🔊
You can see the fills of my entries and exits on
@paint_the_tape
where there is a full session trade review.
#NQ_F
#ES_F
#Trading
For those that listened to Trade Management Part 1 on
@paint_the_tape
, this is what I was referring to about adding on trend moves. If everyone else is buying it so am I. Hope everyone enjoys the long weekend 🍻🍹
If you’ve been trading for a while trying to find an edge by being really smart and it’s not working, might be time to start looking for edge by being really dumb.
Whenever I am way from the desk for an extended period of time the market does my favorite thing: trends straight the fuck up. My wife and I are expecting our first to arrive this evening.
Some of you are alright, don’t come into the market short tomorrow.
“This move up is stupid. Endless bid straight up. Untradable.”
“This sell off is insane. Serious volatility, bid/offer spread is crazy, ridiculous stop runs. Can’t trade this.”
“This is so choppy. Neither side knows what to do. Dumb moves both ways. I have better shit to do.”
I used to get walloped on trend days. I was always playing from the outside in looking for reversion.
Then I started thinking middle out. Here's an educational clip on middle out thinking in the context of jerking off 4 dudes at once (legendary scene.)
Like fucking clockwork.
If any of you big swinging dicks want to partner up for exclusive rights to this incredible alpha feel free to DM me.
Mom and baby are doing well also.
Whenever I am way from the desk for an extended period of time the market does my favorite thing: trends straight the fuck up. My wife and I are expecting our first to arrive this evening.
Some of you are alright, don’t come into the market short tomorrow.
What is Exhaustion and why should you care? 🧵
Exhaustion is activity that can be observed in real time which may indicate the end of a rotation & potential change in direction. Here is a quick video showing what it looks like.
#NQ_F
#ES_F
#FuturesTrading
I don’t care about the win rate or profit factor of the setup.
If you are spending your Friday, the day after Americas birthday, shorting a trend day up instead of drinking or eating leftover BBQ your citizenship should be revoked.
Finally, here is the dropbox link that has the .cht included.
If for whatever reason I end up having to update the chartbook, I will continue to add versions to this same folder so that they can be accessed in the future.
Long sequence I just worked. I was down on the day coming into this trade. Made up for it and then some.
General idea being expressed is leaning on areas of bid liquidity for upside continuation following the activity that occurred at the B period low.
$NQ $NQ_F $NASDAQ
I was my main problem today for about 40 minutes which is plenty of time to get in a hole. I recognized it and reset and dug myself out.
I will always be there to create issues for myself, and I will always have to be there to put a stop to it. I doubt this will ever truly end.
Reviving & rebranding this account now that I am putting myself out there via
@paint_the_tape
.
Going to be sharing trade reviews here. Should I do notated screenshots or do video recordings talking through my trades?
Fills will be shown either way.
DOM Replay & Trade Review from yesterday 6/25.
Going forward all replay and review videos will be posted on our Spotify & Youtube.
The fills for the trade and the link to Spotify can be found below.
#NQ_F
#ES_F
#FuturesTrading
Men will literally waste all of their time and money trying to solve their id, super-ego and ego under the guise of “becoming a trader” instead of going to therapy.
"Focus on mean reversion. Markets balance 70% of the time."
Alright bet. Today could not be more perfectly balanced. Tapered volume at both the high and low. POC & value dead center.
Perfect day to get long the lows and get short the highs for a move back to value right?
OFL Freemium upgraded on NinjaTrader
Tape Reader was just released and is available in the OFL Discord.
Free just got better...
If you don't have it already, signup at
"What you do is so cool. It must be so exciting to trade everyday."
Me after sitting in a position for nearly 3 hours finally getting paid enough to buy lunch:
Short thread on FOMO
When I first started trading the only FOMO I knew was chasing entries I hesitated on. Would end up buying highs/selling lows and subsequently get it in my ass.
I knew this was hurting me and so I worked at it and got to a point where I almost never chased.
Some of the studies I have on the chartbook I use are custom and paid for. I can't share what is not mine, so I have made a version that replicates 90% of it. Here is the notated screenshot outlining everything that is on the chart that I use, so you can follow along my videos.
A lot of traders will tell you it's not about the lines on your chart its about the person behind the desk.
I say that is bullshit. Our lines are totally superior. Nobody has the lines that we have.
We all say these things from time to time. It’s okay to get frustrated by certain environments.
However if you are someone that says all 3 of these things all the time you have a problem.
If you can’t trade a trend up, sell off, or balance, what exactly are you doing here?
The suite of studies
@orderflowlabs
offers allowed me to automate my daily chart preparation. Saves me 8-10 hours of time a week.
What I have heard about this new study is pretty insane. There are a lot of nonsense trading related services out there. This is not one of them.
The Halloween event you don't want to miss!
Plus a deal so good we still haven't told the accountant.
Register to join us at 1PM EST on Sunday 10/30
#NQ_F
#ES_F
#Orderflow
"Oh so your just going to wake up one day and do ___?"
Yeah that is exactly right. Every meaningful change I have made in my life started with waking up one day and deciding to be a different person than I was the day before.
There is no secret sauce just fucking get it done.
If ~70% of volume is done algorithmically than that means most executions are taken without any deep meditation, breathing exercises or performance coaching. The mental game is super important, but if it were the MOST important we'd see a lot more Buddhist Monks on trading desks.
So here is what my chartbook will look like once you open it. I have notated the screenshot for you to reference.
If for whatever reason you see something other than this let me know and I will update the file in this next post.
I guess it isn't sexy to be late to the trend. But as someone that values their sanity & personal capital I'd rather be late to the party and play middle out, over having my doors blown off on a regular basis for the chance to brag to strangers & bots on the internet.
@2yrflipper
@AeroGennic
@SierraChart
It’s kind of like in the beginning of The Matrix Neo only sees green lines of code and can’t make sense of it.
By the end of the movie he doesn’t see code anymore he sees the world.
It takes a lot of screen time and patience but is worth it IMO 💯
Absorption is a huge element of my trading playbook. I contributed to this thread which is a high level overview of the concept.
We plan to do more written content going forward so feel free to make topic suggestions.
What is Absorption and why should you care?
Absorption is a concept that many traders utilize in their strategies. When used effectively, it can help you understand where markets are finding support or resistance in real-time.
#NQ_F
#ES_F
#FuturesTrading
I have always sucked at trading low volume environments. It took 4 years of having my ass handed to me on days like today to finally get to a point where I am truly comfortable doing nothing.
Now the question is what should I do to still have a productive day 🤔
Some part of me is always looking to go bigger. My natural inclination when I find something that works is to take it to the max.
I learned the hard way that I can’t let unbridled ambition take the wheel. There is a delicate balance between going hard and exercising constraint.
After you have signed up for the free package, everything on the chartbook I share should load fine. Important things to know:
1. I am not SierraChart support. Do not DM me for help with your chartbook. You should be able to troubleshoot the platform you risk your capital on.
When markets do something "dirty" it makes me giddy. I don't revel in others losing money. I just have always been a bit of an instigator and permanent member of Team Chaos.
I've gone through phases in life where I was taking action with blind, unwavering confidence. It felt like I was able to mold the world to my liking.
I experienced extreme failure and have been building that back up over the last several years. That is where I want to operate.
One other note: this is not the chart book that I trade off day to day. This is the chart book that I do my replay in. The intent with sharing this is so that you can run your own replay using the information that I use. The DOM is more or less what I use intraday though.
Finally at the point where I am really clear on when my primary strategy does and doesn't work. Conditions are ideal about 70% of the time.
Not sure what the "right" move is for the other 30%. Accept I am not allowed to participate or develop a separate strategy for those days?
The guys at
@orderflowlabs
have coded the Ask-Bid Vol Differential and included it in their free package. It's been named Tape Reader, you'll need to sign up to get access. It is FREE, and you will get access to other studies as well. Here is the link
We have a b shaped vol profile so far today. When applying Auction Theory concepts to this structure we can arrive at the conclusion that the sellers are Bitch Made™️.
The main difference between the chartbook that I use, and the one that I am about to share is that my Delta and Volume Profiles reset automatically based on a dynamic calculation of the current days intraday rotations. This is a paid
@orderflowlabs
study.
3. I am not holding your hand on how to use the differential/Tape Reader. There is some basic documentation on how I use it in OFL when you sign up. I will do a short video later this week that will be put at the end of this thread. But you need to experiment on your own.
But look at what is possible if you just fucking wait for the counter trend move to start instead of trying to predict it ahead of time. Several hundred points to be had in the middle of this 500+ point range.
To give you something to work with, I have set Sierra's default Volume by Price settings to display the last 5 minutes of Delta and Volume Profile data on a rolling basis. It isn't going to perfectly match mine but it is free to use.
Left enough meat on the bone today to feed a whole family. But fuck it because I executed like a man possessed and took what I was given on the bulk of my position. Doesn't matter got paid.
2. The colors are set by local chart, NOT global settings. So it should load the way it is displayed in the following screenshot. If you don't like my colors use your own global settings or tweak them yourself.
It is something that I am working on and have been getting better at now that I have identified it.
h/t these guys for helping me work through it
@ES_F_Leo
@Wasatch_Squatch
@FigJamCapital
@joeemaccc
I appreciate that man. It really comes down to screen time. I was awful when I started as well. If you can stay committed to watching it live and doing replay eventually it will come to you.
@jimmmmmmmmmmmny
These large intraday moves are the result of algorithmic institutional market manipulation and reckless 0DTE options positioning.
If you seek to follow such moves for profit you are a schemer.
@2yrflipper
Thank you for the praise my man! I honestly wasn’t too sure if sharing DOM replays was going to be a bit too niche but I’ve been pleasantly surprised at how well it’s been received.
Truly appreciate the feedback 🤝
@husky_spread
I certainly plan to. I still benefit from doing these replays myself to be honest. Always good to keep building up that pattern recognition 🤝
And just to reiterate: I am not trying at all to say that there were was no way to get long near the the lows or short near the highs. There were certainly opportunities to hop on the reversion plays.
But let's be real your average retail trader got smoked both directions today.
I tried brute forcing myself back to total self belief but it didnt work. Faux confidence is weak and easily shaken by even a creep of doubt.
Been slowly stacking wins of various sizes to build a new foundation. When I falter I take inventory of these wins which reinforces them.
@coversah
That is great to hear. Glad I am explaining things in a way that is easily digestible for a lot of people.
Out of curiosity when you try to learn it how are you going about it?
How many hours a week watching live?
How many hours a week in replay?
But because of FOMO I aped into my full size too early in the sequence and this results in me managing the position like a little bitch. Maybe some of you can relate.
I have a bit of uncertainty about whether trying to find a strategy for the 30% is me being smart and adaptive to multiple environments, or if it is just my inner degen looking for a way to trade every day. Probably a bit of both.
@mikeh18397
It is an ask volume - bid volume differential. It shows the dominance of market buy orders vs market sell orders. Blue = more market buyers, Red = more market sellers. It helps me get a better handle on the tape.
@jonny5slays
@SierraChart
I am working on this. Some of it is made through custom studies so I am trying to figure out the best way to make a version that is available to just standard users while also pointing people in the direction of where the custom stuff is.
@nsm_444
I do not filter by size on the T&S.
The highlighted quantities show orders that were filled above the ask or below the bid. So basically when a transaction takes all of what is on the ladder at a certain price on the offer/bid and then some from the next price(s).
I always insisted on being short the highs or long the lows regardless of trends happening on either the intraday or higher time frame.
It took me a lot longer than it should have for me to acknowledge that strictly playing outside in was a losing proposition for me.
@coversah
When I post my chart book please load it up and give that a try when watching replays. What you have here is going to be really hard to pick up on DOM activity in my opinion.
Today is a perfect example. We are in a historic bull market. Every day I see people making their top call. They have an egotistical need to short the highs so they can pin the tweet to their profile. I guess that is what they crank it to in their alone time.
@wreckursion
I guarantee if this selling gets multiple sessions of follow through they will all come out of the woodwork talking about how they held through all of that heat because they were hedged. Happens every time. Their ego will not allow a top to be put in that they didn't call.
Sure in hindsight knowing the HOD & LOD it's obvious.
What about real time in NQ? 240 point open drive down, right into a 280 point reversal.
Doubt retail crushed fading today's edges. Not saying that reversion ideas are bull shit or anything. I take many reversion trades.
Obviously that clip, while hilarious, has very little to do with trading.
However in the scene Richard has an epiphany about how his thinking has always been outside in and never from the middle out. And I think a lot of traders have this same issue. I know that I used to.
@Liamiam24
@orderflowlabs
Can’t make any promises there. I don’t know anything about MW and I am not a coder myself. Just a guy that played with SC alert conditions for a hundreds of hours until I had something usable lol