Your opinion about chart and DOM way | Traders Hideout


futures.io - futures trading strategies, market news, trading charts and platforms


Traders Hideout


Discuss day trading practices and futures trading strategies on this forum for all markets. This forum is also for discussing and reviews for brokers, data feeds, and commercial or third party add-ons




 

Your opinion about chart and DOM way

  #7 (permalink)

charlotte nc
 
Trading Experience: Master
Platform: ninjatrader
Broker/Data: NinjaTrader
Favorite Futures: Emini (ES, YM, NQ, ect.)
 
Posts: 385 since Jan 2015
Thanks: 71 given, 955 received

Your right that it is madness to try to read the DOM in fast markets. Programmers will have a much better go at this than discretionary traders for the obvious reasons.




nikodine View Post
Hi guys,
What do you think, is it possible consistency to make profit without using DOM and order flow at all?
For example, how exactly is useful the information from the DOM in trading volatile markets such a currency futures or indexes? Isn't a madness to try reading the ladders in such a fast market?
So, is not a right way to think that volatile market (with a lot of swings) is better to trade of charts (even the information is from the past), and markets such a 10, 30-US notes to be traded with DOM stuff?


In the analytical world there is no such thing as art, there is only the science you know and the science you don't know. Characterizing the science you don't know as "art" is a fools game.
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to iantg for this post: