DislikedTrying to find my way with the "collecting spread" thing. Find myself quite often at the wrong side of the market direction when i try to detect the "activity". Also not sure when to exit my loss with this? I tend to see all big volume as soon as i enter. Perhaps i just dont fully understand what 'activity' looks like on the transaction tape. A lot of times i see a say big red circle and i enter only to see price go up. Perhaps just buyers taking profit. And i find myself sometimes averaging into the trade what i dont want to become a habit once...Ignored
Very good you are moving up!
Here is the video of my college one of the best trader I know. It is Moex ROSNEFT share (oil company). So the situation in the DOM is the following. There is a participant robot who is buying 570 price,in the same time there is a participant who sell by the market big volume orders. So as a trader he is trying to collect this distribution in the DOM. When the situation finished- you can clearly see it in the DOM the participant on 570 price finished, he closed the rest of the position he bought and start to find a new one situation somewhere.
Inserted Video
Regards!
Another situation in the DOM closed this one right now. It is ICX I entered short on 130 k volume erosion on 1.94600. Closed with 1% profit. I entered with 20K volume because of the liquidity in the DOm. If the price went against me I have chance to close my position with small loss.
You can use this tactic and for long and for short , the erosion of a big volume works also perfectly on key levels.
Another trade of this week. I see a participant on XLM with a big volume in the Dom and entered just before him.
Success is nothing more than a few simple disciplines, practiced every day.