A Jack of Small Trades

1) Solid Buying Attempt that was thwarted by too much downward momentum.

Though this number was breached it creates a 'line in the sand'.

2) When the lower yellow hammer bar closed...that's an indication that the book was likely exhausted.

Hence, the ok to go long @66.75.

sample

You’re looking at the June 2017 Gold futures contract.




The color coding and the trades that you see on this chart where generated by SceetoBots….

As you may know, Sceeto, which was launched half a decade ago in 2012, was the first cloud based order flow analysis platform.

What you see here, in the form of SceetoBots, is the next generation of Sceeto, and the culmination of everything that we have learned from our own trading, and from our customers over the last 5 years.

What we have learned from digging into the output of order flow algorithms, and from what many of our customers have also experienced, is that though trades based on order flow are great…they frequently occur too quickly for a mere humanoid to consistently capture.

Order flow information comes with sub-second time stamps and what happens within order flow at the sub-second level, such as

The rate of change or order flow, or

The pace with which orders get replenished in the book

Or the seemingly erratic pattern in the way that price fluctuates to the naked eye,

are really good ‘tells’ from order flow about the potential future direction of price.

Though sub-second order flow data is rich with actionable information…the speed with which a trader has to act upon it, is also frequently sub-second.

To counter this issue…we have automated the most essential components of trading into our SceetoBots.

SceetoBots are re-configurable automated trading bots that will follow any myriad of trading rules – without computer programming - predicated on order flow, and/or, price action.

The new approach to trading, which combines both a mix of a trader’s experience, instinct and knowledge, with an automated trading bot, we call hybrid trading.

With our SceetoBots, the next generation of trading will enable traders to focus on pattern recognition, market structure, and defining the appropriate trading strategy for a given market at a given time to the humanoid trader, while leaving the automated execution of that strategy to a SceetoBots.

A bot that will not second guess, that will not flinch, and will not get distracted.

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