Anyone find any edge with activity based charts over time based charts? | Traders Hideout


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Anyone find any edge with activity based charts over time based charts?

  #22 (permalink)

Denver
 
Trading Experience: Intermediate
Platform: Bookmap and Jigsaw DOM
Broker/Data: Stage 5 Trading
Favorite Futures: ZN
 
lax99's Avatar
 
Posts: 433 since Jun 2015
Thanks: 623 given, 809 received

I think it's quite a bit easier to see the concepts which ian speaks of in a thicker market. I don't know about the statistical bid/offer stuff. Large players can bait either side with ease and you need to understand the context of the moment to be able to reliably read it.

Toxic fills, however, are the absolutely bane of my trading existence. I trade ZN which is very liquid and often slow. I use a 2 tick stop and I usually look to make 3 or 4 ticks, for example. When I'm bid/offered at some price and the market sweeps through me and I'm immediately looking at a -1, this is usually my sign that I'm already dead in the water and that I made the wrong call. Again, it's situational and it depends on the read, but if I'm passively looking to interact with the market, I never want the market to tick against me. I want to be filled long and have 3000 bid behind me which I can hit into if something changes.

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