What's the difference between OEC and Jigsaw's dom? - Open E Cry | futures io social day trading
futures io futures trading


What's the difference between OEC and Jigsaw's dom?
Updated: Views / Replies:2,334 / 7
Created: by Itchymoku Attachments:3

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

What's the difference between OEC and Jigsaw's dom?

  #1 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Itchymoku's Avatar
 
Posts: 2,892 since Apr 2012
Thanks: 1,681 given, 3,622 received

What's the difference between OEC and Jigsaw's dom?

Hey everyone,

I was just curious what additional features Jigsaw has in comparison to OEC's dom. I know some stuff is missing. I'd prefer people who've used both to be able to answer but I know that may not be possible so I'll show a picture of the OEC dom. I'm not sure if all the features are added to this dom but most are from my knowledge.

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


I've watched a couple webinars on orderflow but I'm not familiar with Jigsaw's dom or all the aspects of order flow and was wondering what are the necessary components for basic order flow. Can this be achieved with OEC's dom?

I'm trying to find a diagram of all the necessary components for order flow analysis but I can't find one. Here's a very small blurry one I found on google but I can hardly read it. If someone could make one I'd highly appreciate it.

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



I appologize this type of trading isn't my expertise but I want to learn, Thanks

Reply With Quote
 
  #2 (permalink)
Market Wizard
New Orleans, La (Mardi Gras City)
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Ninjatrader / Optimus Futures / AmpFutures
Favorite Futures: ES / 6E / 6B / CL
 
DavidHP's Avatar
 
Posts: 1,002 since Aug 2009
Thanks: 803 given, 1,367 received


Itchymoku View Post
Hey everyone,

I was just curious what additional features Jigsaw has in comparison to OEC's dom.

Why not ask @DionysusToast I'm sure he can clear it up.

Also check these links on futures.io (formerly BMT).
https://futures.io/ninjatrader/30306-difference-between-gomi-ladder-jigsaw.html

https://futures.io/vendors-product-reviews/14307-jigsaw-trading-www-jigsawtrading-com.html

https://futures.io/vendors-product-reviews/26355-jigsaw-trading-s-peter-davies-ask-me-anything-ask-me-anything.html

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Reply With Quote
The following user says Thank You to DavidHP for this post:
 
  #3 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Itchymoku's Avatar
 
Posts: 2,892 since Apr 2012
Thanks: 1,681 given, 3,622 received


Okay, looks like Mike asks a lot of good questions about what is displayed specifically on the tools in this webinar that I'm currently watching



I guess I'm still trying to figure out what exactly is the use of the two columns in the center, the snapshot, and the two gray columns on the far sides. (Not referring to the reconstructed tape or the volume profile stuff).
For the most part that's what I see is missing on OEC.


Last edited by Itchymoku; May 22nd, 2014 at 11:40 AM.
Reply With Quote
The following user says Thank You to Itchymoku for this post:
 
  #4 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Itchymoku's Avatar
 
Posts: 2,892 since Apr 2012
Thanks: 1,681 given, 3,622 received

Well I see how the inner columns show the actual orders that are hitting the bid and ask as opposed to orders resting which shows confirmation of intent. I see that the snap shot shows the change in the depth as people add or remove orders before they are hit. I guess the snap shot would show spoofing or maybe even the inner columns compared to the market depth columns. I don't believe there was an explanation for the outer grey columns but from what I observe they're the bid or ask orders that went through since the dom has been reset since they only increase in value. I understand that the histogram shows areas of absorption and coincides with volume profile concepts. How all these components can be used in conjunction to one another I don't know exactly but from how it's suggested it takes time.

I do find it a little disappointing that these tools can't really be used efficiently on forex, most equities, and thin markets like CL, GC, TF, or NQ, but I guess the ES would be a better substitute for indices. I don't see how it would be possible to even read the dom properly with NQ considering how fast it moves during the first hour or two.

So I guess the answer is NO, order flow can't be observed properly on the OEC dom however X_trader's dom doesn't seem to have all the columns in a lot of the picture I see and I heard it's used for order flow so idk. I have seen some pictures of x_trader with the extra columns but I don't know if people use them since I see a bunch of the doms spread out with no charts on the screen shots.

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


Last edited by Itchymoku; May 22nd, 2014 at 01:32 PM.
Reply With Quote
 
  #5 (permalink)
Elite Member
London + UK
 
Futures Experience: Advanced
Platform: Proprietary Analytics
Broker/Data: Multiple broker + Multiple feed
Favorite Futures: Currently European and US equities
 
sands's Avatar
 
Posts: 432 since Dec 2013
Thanks: 223 given, 205 received

The inner orders are the those hitting the bid and ask and the current price level.

The outer ones are the bid and ask volume, e.g., a split volume profile.

I had these same questions and found the answers on the Jigsaw blog videos look for the one for the current version of the software.

I did end up buying this and am still learning it.

I see traders all day long using DOMs on every market to trade, I think if you're trading order flow once you've learnt it (over a long time) you can use any dom (granted some may be more clear/feature rich than others).

Sands.

Reply With Quote
 
  #6 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Itchymoku's Avatar
 
Posts: 2,892 since Apr 2012
Thanks: 1,681 given, 3,622 received


sands View Post
The inner orders are the those hitting the bid and ask and the current price level.

The outer ones are the bid and ask volume, e.g., a split volume profile.

I had these same questions and found the answers on the Jigsaw blog videos look for the one for the current version of the software.

I did end up buying this and am still learning it.

Do you find those extra columns absolutely imperative to figuring out what's going on regarding order flow or do you think it's possible to trade effectively without them?

Reply With Quote
 
  #7 (permalink)
Elite Member
London + UK
 
Futures Experience: Advanced
Platform: Proprietary Analytics
Broker/Data: Multiple broker + Multiple feed
Favorite Futures: Currently European and US equities
 
sands's Avatar
 
Posts: 432 since Dec 2013
Thanks: 223 given, 205 received


Itchymoku View Post
Do you find those extra columns absolutely imperative to figuring out what's going on regarding order flow or do you think it's possible to trade effectively without them?

In a word - yes. Its just very useful in my method. I was trialing a few products and chose this. I'm still learning but I prefer more information than less, and have the choice to filter it myself. If you want to know do the same try them all and see where you find the value.

Hope that helps.

Reply With Quote
The following user says Thank You to sands for this post:
 
  #8 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Itchymoku's Avatar
 
Posts: 2,892 since Apr 2012
Thanks: 1,681 given, 3,622 received



looks like John Grady uses the histogram, the depth, and just the inner columns for the dom. So I guess the inner columns are essential for what he does because its in all of the videos on his site. But yes, I understand what you mean you'd rather have more information then less because it's better to have something when you don't need it, than need it and not have it.


Last edited by Itchymoku; May 22nd, 2014 at 01:55 PM.
Reply With Quote
The following user says Thank You to Itchymoku for this post:

Reply



futures io > > > > What's the difference between OEC and Jigsaw's dom?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Jigsaw Trading & Daytradr, www.jigsawtrading.com MWinfrey Trading Reviews and Vendors 253 October 27th, 2017 03:25 AM
The 2 indicators from BigMike's that Jigsaw uses Righteous7 NinjaTrader 10 April 30th, 2015 09:20 PM
Difference between GOmi ladder and jigsaw? fgbl NinjaTrader 6 May 7th, 2014 09:51 AM
Cheap Alternative to Ninjatrader + Jigsaw DOM KosherTrader Trading Reviews and Vendors 13 December 3rd, 2013 12:52 AM
To anyone using the Jigsaw Platform Orion NinjaTrader 2 August 31st, 2013 11:54 PM


All times are GMT -4. The time now is 01:46 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-16 in 0.13 seconds with 20 queries on phoenix via your IP 23.22.136.56