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

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More from @Luckshuryy

Dec 5
entry triggers: a complete guide

a thread 🧵 Image
fading breakout traders:

open interest increases upon a key level being breached, followed by a sharp reversal putting those new positions offside.

when new positions are forced offside it creates fuel for reversion as they are forced out thus trading in the opposite direction. Image
liquidation flushes:

flushes often creates inefficiencies in price, which tend to fill quickly.

longs liquidated in a flush often create a big wick. I trade towards the wick for at minimum a 50% fill.

good for volatile environments towards the end of a big move.

stop positioning in my system would be above the point in which new shorts began entering as if they get caught offside that would revert price.

example ↓Image
Read 6 tweets
Nov 21
open interest: a complete guide

a thread 🧵 Image
what is open interest?

total number of outstanding derivative contracts not yet settled.

for every buy there is a sell, but not every buy is a new long and not every sell is a new short.

short close = buy
long close = sell

open interest increases when both sides are opening. Image
open interest indicator:

when plotted as an indicator below price its particularly helpful for spotting:

> new traders becoming offside
> traders opening positions early
> positional squeezes

more importantly, when watching key areas, watching how open interest reacts as you probe certain levels, such as range highs/lows.

one of my favourites is watching new positions rapidly join in minor bounces as price is in free fall, you see them instantly regret this as momentum continues against them and are forced to close.

example ↓Image
Read 6 tweets
Oct 10
market microstructure (liquidity)

how markets move...

a thread 🧵 Image
market/limit orders:

the market moves solely based on events not time.

market order (taker)
limit order (maker)

stop orders/triggers → triggered at market and most of the time forced with someone being forced out the market (stopped out).

note - pattern/breakout traders in general can also use trigger orders to buy/sell the breakout.Image
footprint charts:

displays ONLY market orders.

most common setups is to see market sells on the left with market buys on the right → bid-ask profile

I find footprints the best for spotting absorption or exhaustion in the markets as they display already transacted data.

i.e when you see lots of sell orders at the same price level without price able to budge it is sufficient evidence to say limits are holding up price.

footprints do not have to be shown on time based charts only either, they are extremely useful when monitoring volume charts, delta charts or range bars, in particular on lower time frame equivalents.

tldr: footprints show a record of already transacted orders, unlike heatmaps displaying resting orders, which have the ability to be pulled/added to.Image
Read 8 tweets
Sep 26
absorption (simplified)

a thread 🧵 Image
what is absorption?

when market orders cannot bypass limit orders you get absorption.

how you spot this is NOT through watching resting limits in the orderbook, but tracking the level of market order aggression at various stages. Image
CVD explained:

cumulative volume delta.

tracks buying/selling pressure over time, this allows for easy comparison between pivots.

it can be displayed as a line, candlesticks, or straight up values. Image
Read 8 tweets
Sep 16
market structure (breaks & failures)

a thread 🧵 Image
basics of structure:

at every origin of new structure is a swing point, either a swing high or low.

you can identify swing points easier through the use of 'williams fractal' indicator on tradingview. Image
confirmed breaks in structure:

sustained time spent above swing point (bullish break) without the ability for price to swiftly come back below the level.

market aggressor participants should still be active and quickly push price into an imbalanced state (trending).

I don't want to see CLOSES back below the level, especially when the delta is heavily against the break of structure.Image
Read 7 tweets
Sep 4
fair value gaps (imbalances)

a thread 🧵 Image
also known as:

- single prints
- gaps

the naming is meaningless, the core fundamental behind it is that there is a piece of price which price moved quickly through (one candle), relative to the time frame you look at. Image
first touches:

when price initially revisits this void it can act as a level where:

1. stops are triggered
2. traders attempt to trader for the fill (anticipate a move)

the edge then comes from being able to spot these traders at this initial touch and fade them. Image
Read 8 tweets

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