GOMI- 6E and 6B buy and sell zones | Traders Hideout


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GOMI- 6E and 6B buy and sell zones

  #6 (permalink)

Pattaya Thailand
 
Trading Experience: Intermediate
Platform: Sierra
Broker/Data: S5/Rithmic
Favorite Futures: Bund/Eurostoxx
 
Posts: 35 since Aug 2013
Thanks: 351 given, 27 received

@Gianamsterdam4x i use sierra with paid gomi version.
to amend my post
Setup mentioned above, is based on 1 level imbalance.

Currently experimenting with multilevel imbalance. based on 4/5 range charts.
In the case you experiment with multi level imbalance you just set the imbalance setting to 1 and the S/r number of consecutive levels to 3.
Orderflows dot com has some youtubes with this concept.
But you really have to know the reason of the imbalance (context) as most imbalances not work.
I (at the moment) differentiate imbalances (breakouts) based on news or breakout on "standard" technical stuff.
News is very hard to trade, as the orderbook gets thinner.
Technical breakout you can trade the first pullback of the initial breakout.

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