Discover and read the best of Twitter Threads about #gocharting

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#orderflow can help make a reasonable guess if markets will remain in range or find potential strong break out points. This then helps build context to take positions on either range reversals or range breaks.
So today markets opened lower. Question- Break lower or pullback?(1/n)
#banknifty as an eg., assuming first scenario as a potential pullback into yday range. This is stopped out by large limit sellers near 42500, this coupled with large OI increase and aggressive selling at 42500CE adds credence to a downside theory. 150K+ traded in 2 candles (2/n)
With large absorptions at top ,about 35K & 30K at tops. This and the OI change should had led to a downside. What we are looking for is a sharp rejection and continuation. This is stalled with poor downside follow through delta and then large absorption of sellers at 1:!5. (3/n)
Read 4 tweets
1/n

Let's start with the definition of COT High/Low and how it is used in Daytrading with Orderflow

COT is the abbreviation for Commitment Of Traders. There are two COTs:
COT High
COT Low

๐Ÿงต #daytading #gocharting #orderflow
2/n

COT High is cumulative bid/ask Delta starting from the moment when the price makes new high or repeats previous one.

COT Low is cumulative bid/ask Delta starting from the moment when the price makes new low or repeats previous one.
COT helps to see buy/sell balance after new price level has been reached. In other words, it helps us identify TRAPPED buyers and sellers in the market
Read 6 tweets
Saving your charts on the cloud is officially live in GoCharting now. Starting a thread on this topic
#clouds #aws #charts #gocharting Image
There is no cap or restrictions on the number of charts you can save on the cloud. So go nuts!!!
The feature is in alpha stage. Please report issues if you face any. Feedback is most welcome.

PS: Auto save will be enabled in a few days once we see the basic functionality stabilize
Read 4 tweets
A ton of new enhancements based on feedback received from all closed Beta users will go for a weekend deployment
#gocharting #beta #charting ๐Ÿ™๐Ÿ™
All enhancement have now been deployed
Fibonacci Extension drawing tool added
Contributor: @Crumbs_Social @ThisIsCryptoDE

gocharting.com/screenshots/H6โ€ฆ
Read 23 tweets

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