[MatDerKater]

AUDUSD Update:

Trade Entry Filled, but it looks like ‘they’ want the SL above the recent pivot. An overly aggressive trade tbh looking for the best entry…but v.small position size.

Also, looks like MK is now advising us that there was some DM volume traded through that last SEVENTEEN HOURS after all.

[MatDerKater]

AUDUSD Short.

On Trading View very standard stuff. AUDUSD has pushed up towards upper reaches of range, Divergence showing between price and Cumulative delta Volume Oscillators (one is simple BEAR BULL VOLUME….other is Elders BEAR BULL POWER), followed by strong sell off with HUGE bear candle on PPI news (or whatever the fk it was), forcing the Bull-Bear oscillators to switch bearish….conclusion. A short, aiming towards yesterdays low.

On MK Charts. What Bear or Dumb Money Long Volume? DM bears are in control. This means more upside is to come.

Lets just see how this plays out, and lets see what the MK charts have to say about the past few hours volume, when I check back after the London close.

[MatDerKater]

You will find no explanations of any sort here m8.

Take it all at face value…..or don’t.

• This reply was modified 1 year, 5 months ago by MatDerKater.

[MatDerKater]

The volume data is largely a ‘delta Cumulative’ indicator with the colours reversed to spell out the fact that ‘Dumb Money’ buys on red candles and sells on green candles (cos who doesn’t place limit orders and wait for retraces?)

The SL levels are simply gaps in the volume profile.

NT = recent gaps on wings
MT = = session gaps that have been in play some time, and/or acted as pivotal levels a few times
LT = Longer term session gaps.

The SL levels are NOT accurate order flow information. But simply an algo guessing where they are likely to be.

There will be a bit more to it than that no doubt, but that is the overall gist of it, and explains why so many DM SL levels appear on absolute textbook support and resistance level, where every retail trader and his dog was taught to enter trades on…NOT place their damn SL on.

[MatDerKater]

crazyfx wrote:

MatDerKater wrote:

and here is the proof.

Look at Screenshot above of AUDUSD, and this one taken just a 5 minutes ago.

All off a sudden, a great big red dildo of DM Sell Volume appears, just out of no where.

Anyone reckon that this little fkn nugget of information might have been nice in real time, instead of it appearing 4 hours after the event?

This is no use at all.

This is a total deal breaker.

Either SME-FX has processing power and server bandwidth capable of running and delivering this service, or it doesn’t?

Dildo 😂😂😂

And I ought to take that dildo and start shafting myself with it.

I would have been better relying on a cumulative delta or a BullBearVolume indicator (reversing the colours if I must, to prove that all the silly billy dumb money buys on red candles and sells on green candles), and then simply drawing lines that represent ‘Stop Loss orders’ on Volume Profile gaps. Near Term for gaps on recent swings. Mid Term for gaps that have been in play over a period of time……..KIND OF LIKE HOW I WAS FUCKING TRADING ANYWAYS, except with a higher degree of acumen and accuracy, and of course, with no 4 hour lags in data appearing on my charts, selling me on a complete pup, only for 4 hours after the trade has been entered, for information to appear on the screen telling me that my recent ‘MK’ based trade was taken on entirely faulty information.

I was sold on this through a combination of thinking this was genuine insider orderflow information (it isn’t) combined with the ‘dumb luck’ of the MK levels being played like fiddles the first few times I test ran it.

I feel almost embarrassed.

P.S. and even if it was genuine orderflow information of some form or another, 4 hour data lag during peak trading times is unacceptable by any metric.

• This reply was modified 1 year, 5 months ago by MatDerKater.

[MatDerKater]

So.

The data displayed in the MK web is not at all accurate, and therefore cannot be trusted for any trade with a likely timeframe of between 1-3 days.

I have just witnessed a great big red dildo DM Short Volume bar appear in the AUDUSD pair. Problem was, this price action happened 4 hours ago, and it only just appeared just then.

Screenshots of this showing proof have been posted in the ‘commercial’ section of the website, in line with the SME-FX’s wishes.

Firstly. The appearance of this HUGE DM Short volume bar, in real time, may have warned against any potential short trade.

Secondly, The appearance of this huge DM short bar, could have given the green light for low time frame trend following trades (against the DM position).

Thirdly, basing trading decisions with data full of chinks, gaps, and holes, is no good whatsoever. Being able to look back after the markets close, and the data has been retrospectively fully updated, is no use at all.

From what I have seen of working with MK web in real time, is that it doesn’t work. At least not during Prime Trading hours.

If this is the reality of it, then I have no use for it.

[MatDerKater]

and here is the proof.

Look at Screenshot above of AUDUSD, and this one taken just a 5 minutes ago.

All off a sudden, a great big red dildo of DM Sell Volume appears, just out of no where.

Anyone reckon that this little fkn nugget of information might have been nice in real time, instead of it appearing 4 hours after the event?

This is no use at all.

This is a total deal breaker.

Either SME-FX has processing power and server bandwidth capable of running and delivering this service, or it doesn’t?

[MatDerKater]

MK was touting SEVENTEEN HOUR old Volume Data.

That was my point, but I posted the wrong screenshot highlighting that fact. But go to my original MK chart screenshot, check out the volume prints on it back then, and compare that with the volume prints on it now.

On the first chart, there was SEVENTEEN HOURS of missing volume data, that has since been filled in.

There is no circumstances in which this is viable to a trader.

NONE.

Anyhow, fizzed and ranted enough…..I think I am done with this.

[MatDerKater]

What about all the DM longs that had recently entered the market prior to the short trade setting up.

You won’t seem them in the first MK screenshot I posted, but there are there in the 2nd one.

In the second screenshot, we also see the ‘DM shorts’ Positions start to ‘Pivot’ put in an M shape and we know that the DM highly leveraged positions are all longs…..of course, perhaps there is ‘DM tolerance’ in the market for the longs?

And what the current situation with the MK is, we won’t know for perhaps another SEVENTEEN HOURS, when the charts finally update…….which was precisely my point.

The short trade, is a throw away trade, risking precisely 0.01 lots…..and it may still work……Forex rarely gives M pivots….first it puts in the M, then rinses it, then tanks, giving traders deploying conventional strategies zero chance……..or maybe, the flash sell off on the PPI News was the Longs RINSE, and the MK indicator will shows us that in approximately SEVENTEEN HOURS from now, when all it’s orderflow data feed is updated.

[MatDerKater]

Perhaps it is neutral according to MK, but there is a glimmer of a sell setup there according to me.

Certainly wouldn’t throw the kitchen sink at it, but worth a small punt for those who like to keep active in the market.

[MatDerKater]

Hectic?

I am profitable.

Consistently

Over many months. (apart from the clusterfuck party I have had in the past week playing around with MK charts)

The only way I would put my time into a new system, would be if that system was offering me information that I couldn’t otherwise access.

That was the promise of MK-web…I fell for it to begin with, but have relatively quickly seen the gimmick for what it is.

‘Thinking aloud’ is what I do when I am learning, looking for feedback, and a bit of fkn honesty about what I have in front of me.

[MatDerKater]

Yeah….I am now embarrassed about my initial full on enthuse. At my age, I should know better. I was misfortunate enough to come to MK indicators with ‘beginners luck’, leading me to believe that the SL tranches were REAL.

They aint real.

I don’t need the MK charts to trade.

I can pull up a bunch of periodic Volume profiles and draw a bunch of orange and yellow lines across the notches/gaps myself. It’s what I was already doing, except I drew faded boxes representing ‘zones’ instead of lines representing hard levels.

I can even tell myself if I want, that the fact that such a Supply & Demand zone was not Rinsed, represents ‘DM tolerance’ if I must.

…and regarding that 4 hour lag during peak trading times. I already posted evidence of it. I expect more of it today. Not that I shall be looking for it.

£56 for charts with up 4 hours data throughput lag during peak trading times?

“Could you put me through to Trading Standards please?”

[MatDerKater]

It might well be, that for the aspect of the MK charts that is really based on ‘Dumb Money’ positioning, the data feed is coming from a retail broker’s ‘Sentiment Indicator’ whereby Retail Position changes are reported infrequently. Once every hour, or two hours, ot it may even be once every 4 hours.

This would explain the lags, which are there constantly.

You can’t use this in real time for low time frame trades.

Go to Trading View, stick on a bunch of periodic volume profiles on a multi chart, multi timeframe layout, and start drawing lines on the gaps or notches in the profiles…notice how price often plays around with these levels multiple times. Draw orange and yellow lines on the ones with multiple tags. And for the ones formed on straight impulse moves, make em blue n light blue. Then stick some Volume Bars, and Elders Ray Bull Bear indicator, or a cumulative delta volume based crossover oscillator (Bull Bear Volume) on your chart. If you must you can change the bull colour to red and the bears to green, to signify that the retail trader is generally on the wrong side of the market.

Now see how you get on (with no 4 hour lag either)

[MatDerKater]

When you figure out what it is, and realise that it isn’t a lot different from what you were doing anyway……..except you can pick the key levels a lot better manually (cos’key Supply & Demand levels is all these MTSL are…..there ‘might’ be ‘Dumb Money’ SL sitting there in the real markets, there might not be), the important thing is whether you appreciate being mislead or not, or whether you feel like a right chump for missing trades based on ‘DUMB MONEY STILL NEEDS RINSED’, or taking trades aiming at these levels when all they were all along were bloody volume profile gaps, with not a real SL in sight.

Of course, there is no doubt in my mind of the potential for someone to be able to learn to trade profitably with the MK charts overtime. Trading Volume Gaps and/or Supply & Demand zones in line with the overall trend isn’t a bad strategy, but then there are the 3-4 hour data throughput lags, which as far as I can tell, happen everyday during peak hours……with many of the data gaps in the charts remaining as holes in the data.

No.

Just No.

[MatDerKater]

Aside from the FACT that we are not dealing with some insider real orderflow data feed here, not even a proxy from some retail broker, but a fancy pants cumulative delta rig up, with automated plotting over Volume Profile gaps as ‘SL’ levels, and some statistical calculation of what ‘Dumb Money’ positions are still in the game based on what levels were rinsed……..very sophisticated and clever system I am sure….

….but apart from all that.

If you think that it is ok to trade off charts, with a 4 hour lag on key data throughput, with chinks and holes all through it….

….if you think that is in anyway tenable……..

…….then you aren’t a real trader.

How come you are the only one active on this forum who has been here longer than 2 weeks anyhow?

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