Your opinion about chart and DOM way | Traders Hideout - 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

  #11 (permalink)

Posts: 107 since Jan 2017
Thanks: 32 given, 47 received

RDK91 View Post
I think these day's it is very difficult to trade the ladder, definitely in fast moving markets.
ES for example might be better if you want to trade that way.

Also, you will need a very good DOM + other in depth information to be able to pull it of, something like Jigsaw for example.

I've been SIM trading NQ/CL faster markets lately after listening to a mentor. I'm coming from slower bonds so it is like a different world. I find that I don't even need to look at the DOM, let alone a chart to trade. Of course, I look at both of those for context. I think that the faster markets are more about getting into the flow of how they move, being able to spot when velocity is increasing and moving in a way to just jump on for the ride. Trading the moment with a filter. Only when it slows down can you use, say, the Jigsaw/Sierra Charts/ATAS extra data on the DOM to make those type of predictive plays based on seeing the market orders print. Looking at resting limit orders pulling/stacking seems to be a fool's errand in faster markets.

My biggest lesson has been to use a bigger stop and equal profit target. 10:10 is what I've been playing with.

Please register on to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote