Luckshury Profile picture
Sep 5, 2023 11 tweets 4 min read Read on X
Insilico Terminal

a thread 🧵 Image
In this thread, I will cover the following:

- specific entry use cases using terminal
- hotkeys to enter at limit most of the time
- account switching
- cli commands I like to use
- my hotkeys at the end of thread
my setup

I use insilico alongside my exo desktop as a side panel for my execution.

Then once ive seen the reaction I may want to see within exo, I'm able to pull the trigger as quickly as possible using some optimisation with my Insilico setup and with the use of hotkeys Image
thoughts

seeing a reaction then being able to execute as if I was executing at market but instead being able to get in at limit was my aim.

sounds impossible, but with patience, hotkeys and stats I found it possible.
hotkeys

- scale buy/sell within a small range (mine is 0.01%-0.08%) from current price and placing limits within that small range using a hotkey.

- chase buy/sell for a distance of X% to be able to get into a move that Is being pushed up/down aggressively by one side. Image
MAE

For the past 380+ trades, my MAE on my winners has always been at the minimum of 0.1% meaning I never truly time the $ high or low.

It makes sense to take advantage of entering at limit using the scale function with a hotkey since I'm always offside at some point by 0.1%.
hotkeys (2)

- chase cancel (cancels my chase order if left running)
- cancel all orders

These are just a few but within my system, they are the most important that I am using most frequently.
CLI commands I like

"pstop at (price or % away from price)" positions links a stop in place to place a stop loss for your current position.

"chase close (% of position)" closes a % of my current position quickly If I feel it's likely for price to turn around Image
DOM

I've also configured some hotkeys to be able to trade via the DOM within Insilico.

the lots function with the multiplier in my opinion allows for more accurate and quicker position sizing if needed. Image
account switching

switching hotkeys between accounts, for quick access to a multi-account layout.

simply shift+click anywhere within the header section for the panel with the account to enable your hotkeys for that account Image
Using the hotkeys I've discussed

head over to the menu bar to visit the hotkey and variable center where you can edit the default settings I have set for you.

to RECEIVE the keybinds - follow me, like and reply to the 1st post of this thread. Image

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Luckshury

Luckshury Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @Luckshuryy

Mar 9
open interest (simplified):

a thread 🧵 Image
open interest vs price:

price ↑ with positive OI: New longs pushing price up
price ↑ with negative OI: Shorts getting squeezed

price ↓ with positive OI: New shorts pushing price up
price ↓ with negative OI: Longs getting squeezed

when new positions, whether long or short, drive price, they add the dynamic that if pushed offside, price can squeeze in the opposite direction.

example - new shorts pushing price ↓Image
early positions:

positions opening too early, can be a good reason for trend continuation, hence I will not fade a move prematurely if oi rises too quickly.

when new positions open too eagerly it creates new stops either above or below the continuation pivot.

example ↓ Image
Read 7 tweets
Feb 28
Auction Market Theory (simplified)

a thread 🧵 Image
what is auction market theory:

a concept (not a strategy) which discusses how buyers and sellers interact within the market.

using a combination of:

- price
- volume
- time

we can determine which state of auction the market is in, either balance or imbalance. Image
balance:

where price has found acceptance, and where buyers and sellers are willing to trade within a fair value range.

fair value can be identified as the value area, where the majority of transactions have been occurring (68%).

deviations outside of the VA can be viewed as a premium/discounts to the current fair value price.

in a balanced (efficient market) you will tend to see:

- slower price action
- thicker booksImage
Read 7 tweets
Feb 21
delta: a clear understanding

a thread 🧵 Image
what is delta:

in trading "delta" is the difference between the sells & buys.

there are 2 common ways to watch delta:

1) traditional bottom row indicator which tells you the delta on a per candle/time basis. (like the cover image)

2) footprint chart which shows a per price view & time view of delta. meaning you can view at which time the delta came in & which price.

Identifying delta per price I find to be more valuable.

positive delta - more market buyers
negative delta- more market sellers

example ↓Image
when to look at delta:

- resting liquidity
- high volume nodes
- point of controls
- other horizontal s/r levels

upon price breaking range high/lows there has the potential to be excess delta left behind for false breaks.

example ↓ Image
Read 7 tweets
Feb 14
orderblocks (simplified)

a thread 🧵 Image
what are orderblocks:

- the last up/sideways movement before an illiquid down move
- the last down/sideways movement before an illiquid up move.

illiquid typically can just mean a strong one time-framing move where there are no pullbacks.

example ↓ Image
how orderblocks work (theory):

orderblocks are where there has been a clear sign of significant previous market activity, meaning a revisitation of this area could act as a stop gap.

for example:

the last down move before a significant up move is being revisited.

there are multiple reasons for price to react from this:

- offside shorts from this zone → closing positions at breakeven
- any new longs who entered here → defending their existing position

these zones are primed with liquidity (thicker books), allowing for larger players coming into the market to increase the chance they get orders filled.

example ↓Image
Read 6 tweets
Jan 20
trapped traders: a clear understanding

a thread 🧵 Image
what are trapped traders?

when new positions enter and are placed in an offside position, they will naturally want to close, squeezing the market in the opposite direction.

this natural outburst of breakout traders being caught offside can be a great reason to look for a reversal.

example ↓Image
identifying trapped traders:

requires an understanding of open interest and delta, as open interest will categorically tell you if the majority of positions entering are new ones.

open interest increasing = new positions
open interest decreasing = positions closing

positive delta = longs
negative delta = shorts

breakout traders only appear when there's an increase in open interest; otherwise, most positions you see will be closing.

1) identify the candle in which new positions have largely entered
2) identify a level in which those new positions would be offside
3) trade in the direction of the new positions unwinding

example ↓Image
Read 6 tweets
Jan 10
forming a daily bias:

(stats included)

a thread 🧵 Image
candle formations:

engulfing candles - I look for a candle to wick below the previous candle and close at least beyond the 50% mark the previous candle (bullish engulfing).

I find this to be as effective as waiting for the entire previous candle to be engulfed.

the following day will be biased towards the direction of the previous day engulfing candle.

shooting star - my favourite daily formation, these often result in better entries to much larger moves, failure to extend above/below previous day and end up mean reverting.

example ↓Image
one time-framing:

the most basic thing I always check for - an aggressively trending move.

daily timeframe, for a bullish example - is the daily candle printing 3 or more consecutive daily highs in a row whilst not wicking below previous day.

yes = I will only follow that direction for the remainder of the day should i take any trades.

no = move to next step

Its a simple and effective way to not get caught offside against an aggressively trending market.

example ↓Image
Read 7 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(