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Direct MessagesDate/Time: Sat, 18 May 2024 16:13:54 +0000
Post From: bitfinex data feeds are showing gaps in SC
| [2017-08-21 05:43:55] |
| 4646ed - Posts: 230 |
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User23559: By L2 thing on the right you mean the trade DOM? Go to and click on trade>>show market data columns, also trade>>draw DOM graph on chart. By edge I mean an angle, a way of trading that is more successful and less stressful than not. To trade off the data from the order book do this: The usual pivots or bounces are the biggest orders/accumulated order groups in the order book. If not too volatile the market is drawn to them and stops there and pivots. Like support and resistance but often more accurate. Sometimes they change at the last minute but mostly they hold. I use multiple time frames and stochastics to gauge direction and probability. Lots of liquidity and the big orders are plowed right through -- but regular trading they mostly hold. Not enough money to buy them up, so they bounce. Look at the image i just uploaded. The price will usually bounce off the largest order blocks. The multiple time frame stochastics confirm...but there is also the chance it is just a retracement...and the order book numbers will diminish and tell you if it is going to go through...usually. The next bounce will maybe occur at around 4040...but as you said, its all pretty fluid. This only seems to work with bitfinex...not bitstamp or okcoin or other smaller exchanges. 10 mins later: ok the numbers have changed at the border of the yellow block, and price has broken through and bounced off the next big order at 3970 -- look at second image. Will probably go further and the recent downward trend may continue. And will bounce at around 3960. Maybe retracement or maybe gobble up the orders and go through.Just keep track of market intentions and probabilities by watching the order book numbers. You can trade the trend down and the bounces up. BTC usually gives at least 20 pts on a bounce, and no broker to grab most of it makes it easier to profit.And you can be off by 10-20 pts and not have your ass handed to you. As long as you dont bet your whole account on each trade. Last Update, 45 minutes later: The main pivot seems to have been 3950. The next goal is around 4020-40, maybe 4060.see image no.3. Anyway, that's my "edge". trading these somewhat fluid order book blocks with multiple time frame stochastics. But you have to be flexible and not get too glued to a trade. Some will be mediocre. But a few will be phenomenal. And as long as you stay out of the way of the big bastards who like to whipsaw and manipulate then you can make a decent buck every day. Oh, p.s. the volume usually creaps/pops up just before a real pivot happens. Usually. Caused by the gobbling of orders ahead of the pivot, and can be used as a warning sign that it's nearby. Good luck. I hope you find something you can use here. RE:"ultimately the only xchange we really need is a decentralized & completely transparent OTC solution (to replace LB and such) in the spirit of crypto itself being developed vibrantly by a devoted community in the spirit of GNU FOSS.." HEAR HEAR. Hope SC goes for it...and soon. Ultimately they are the ones who could do it right. Date Time Of Last Edit: 2017-08-21 07:09:32
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