Hey Mike, Could you kindly provide some insight into your decision not to share live trades? Many of us believe that observing your approach to handling losses and your ATM strategy in real time would provide invaluable learning experiences. Practical demonstrations tend to be more informative than theoretical discussions, and I would love the opportunity to gain such insights from your expertise. Thank you.
Thanks, that was a nice update. Looks like the whole of this year will be a bear year, I thought this dip was only going to be for a short period, but clearly was mistaken. Buying and holding were no longer cutting it for me, had to learn how to trade, as I was able to raise 16 BTC from day-trade with Craig Reeder in a few weeks.
Great content! New sub. Really appreciate ur short format (10-15 min) vids. Easy to digest w concise, focused topic. Very well done. I’ve used FP w Delta for a year or so, but it just hasn’t clicked. Your content is very helpful tho. Thank you!
Video may be 9 months old but you're right mike. After a while I noticed that some folks don't even take it a bit further by reading the max/min delta. I used to be one of those guys and I quickly realized that not reading other things in the summary table could easily end in the negative for a trader's capital. Pure laziness is why alot of guys was the main reason guys say "delta doesn't matter' anymore when in reality all they look at is the normal headline delta and the bars so they're still using it in a way lol....the laziest way possible. Not reading other forms of delta is part of the reason some guys see a value area gap or thin print zone that doesn't hold
thank you very much. Sometimes it's hard not to get excited when you see a nice little imbalance shooting up or down. Always have to remind myself to be patient because sometimes that imbalance gets taken out really quick on a strong move in the opposite direction. Before I watched your content I didn't see the point of the min max delta, but I use it now occasionally specifically for these scenarios. Thank you for your time and for sharing your knowledge with us.
Sir pls do you use 300% imbalances different when trading any market be it crypto on any time. Or do you change the imbalance percentage when using different time frame ?
Mike, I am little confused about my trade entries after big delta candles. If we wait for confirmation of follow through delta candles, dont we get a little late in the trade??? Also my SL gets bigger.. right? Also how we can identify that a day high or low is formed after a big delta candle with bulk of orders at extremes? I trade in Bank Nifty and I got stopped out few times trading reversals seeing heavy bids at low of candle or huge offers at high of candle. Market tested these levels again, went few ticks further and then reversed, I did not have the courage to enter again after being stopped out.
See when you have a big candle that's a starting sign that volume is coming in but doesn't necessary mean that there's a follow through. He mentioned it there if you enter on a big candle and it's turning against you don't hold the bag too long. It's all about managing risk as well not just blindly entering on a bigger candle.
Being late is relative. If you scalp for 2 points you're late with a 5 point candle. If you trade longer for 30 points that 5 point initial move is only a 6th of the whole move. If you catch 20 points of 30 that's a good money move with a high RR.
You can see it in the price action and range of the candles. If the market moves there will be decisive volume involved that will move the price in either direction. If it's choppy you will see similar size overlapping bars beside each other with similar volume and buyer sellers in balance.
Worth saying that crypto often doesn't obey these rules. Impulses often end in selling imbalances with very little lifting the offer. This represents the order book carrying price upward. In subsequent candles you are looking for bullishness but a strong negative low is no indication that price will continue. Looking for evidence of buying afterwards is a valid trading move.
Hey Mike,
Could you kindly provide some insight into your decision not to share live trades? Many of us believe that observing your approach to handling losses and your ATM strategy in real time would provide invaluable learning experiences. Practical demonstrations tend to be more informative than theoretical discussions, and I would love the opportunity to gain such insights from your expertise. Thank you.
Thanks, that was a nice update. Looks like the whole of this year will be a bear year, I thought this dip was only going to be for a short period, but clearly was mistaken. Buying and holding were no longer cutting it for me, had to learn how to trade, as I was able to raise 16 BTC from day-trade with Craig Reeder in a few weeks.
Great content! New sub. Really appreciate ur short format (10-15 min) vids. Easy to digest w concise, focused topic. Very well done.
I’ve used FP w Delta for a year or so, but it just hasn’t clicked. Your content is very helpful tho.
Thank you!
Video may be 9 months old but you're right mike. After a while I noticed that some folks don't even take it a bit further by reading the max/min delta. I used to be one of those guys and I quickly realized that not reading other things in the summary table could easily end in the negative for a trader's capital. Pure laziness is why alot of guys was the main reason guys say "delta doesn't matter' anymore when in reality all they look at is the normal headline delta and the bars so they're still using it in a way lol....the laziest way possible. Not reading other forms of delta is part of the reason some guys see a value area gap or thin print zone that doesn't hold
thank you very much. Sometimes it's hard not to get excited when you see a nice little imbalance shooting up or down. Always have to remind myself to be patient because sometimes that imbalance gets taken out really quick on a strong move in the opposite direction. Before I watched your content I didn't see the point of the min max delta, but I use it now occasionally specifically for these scenarios. Thank you for your time and for sharing your knowledge with us.
Mike do you use anything to keep from getting into the market when it seems to be just chop ?
Thanks for the video mike
Thank you ❤
what software do you use? Currently I use "GO charting" but was wondering if there is something better at a reasonable price?
Sir pls do you use 300% imbalances different when trading any market be it crypto on any time. Or do you change the imbalance percentage when using different time frame ?
Hi! Can we use OF for US Stocks? Thanks
Mike, I am little confused about my trade entries after big delta candles. If we wait for confirmation of follow through delta candles, dont we get a little late in the trade??? Also my SL gets bigger.. right? Also how we can identify that a day high or low is formed after a big delta candle with bulk of orders at extremes? I trade in Bank Nifty and I got stopped out few times trading reversals seeing heavy bids at low of candle or huge offers at high of candle. Market tested these levels again, went few ticks further and then reversed, I did not have the courage to enter again after being stopped out.
See when you have a big candle that's a starting sign that volume is coming in but doesn't necessary mean that there's a follow through. He mentioned it there if you enter on a big candle and it's turning against you don't hold the bag too long. It's all about managing risk as well not just blindly entering on a bigger candle.
Being late is relative. If you scalp for 2 points you're late with a 5 point candle. If you trade longer for 30 points that 5 point initial move is only a 6th of the whole move. If you catch 20 points of 30 that's a good money move with a high RR.
Hi Mike most Of your presentations are made on day high or low. Can you show how is it in trade range? Or you stay out of it?
Hi Mike, I was wondering how you can use Orderflow to identify when the market is choppy or going sideways. Thanks!
You can see it in the price action and range of the candles. If the market moves there will be decisive volume involved that will move the price in either direction. If it's choppy you will see similar size overlapping bars beside each other with similar volume and buyer sellers in balance.
Mike, those boxes created on this Footprint charts. What are they? When you have chance could you pls check the email I sent you. Thank You.?
Passive orders also effect delta
It is very hard to differentiate between passive and aggressive orders
You need to understand passive/aggressive limit/market orders better.
Worth saying that crypto often doesn't obey these rules. Impulses often end in selling imbalances with very little lifting the offer. This represents the order book carrying price upward. In subsequent candles you are looking for bullishness but a strong negative low is no indication that price will continue. Looking for evidence of buying afterwards is a valid trading move.