I totaly agree TWDsje Theres been times when iŽve added so much to my chart to find that perfect setup that i didŽnt got any oppurtunities at all Pretty common i think
Jigsaw seem too be the best DOM out there, or are there other options too consider aswell?
I really like to trade currencies, does this DOM works for currencies (spot fx) or do i need too trade it on currency futures?
Does it work with kinnetick in ninjatrader or do i need to pay for data feed? Which data would be the best?
Another question, i always underestimated ninjatrader but since this seem to be the best or at least one of the best DOMs out there
alot of traders in here must be using ninjatrader? Multichart seem less common?
Last edited by davethetrade; January 10th, 2017 at 05:43 PM.
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Order flow in general is useless on spot FX. And the DOM won't be helpful either because there are such huge gaps between trades as far as price levels. Look to FX futures if you want to use order flow and he DOM.
It works with Kinetick but you can't get out of paying for it. End of Day data is the only free part of Kinetick.
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The following user says Thank You to Blash for this post:
Thanks Blash, that was very helpful IŽve been conserned about that too for a time (just me guessing) but to have it confirmed feels good. I will go with the fx futures as guidance when trading the spot fx. WOULD THIS HELP ME IN SPOT FX OR WILL MY TIMING BE OFF ANYWAY?
One of the reasons why i want to trade spot fx rather than currency futures is because in an event of a black swan (market colapse) i will probably have easier to get filled in the spot fx at the price i want to get out. Or what do you guys have to say about that, is it correct?
Also i wonder regarding to icebergs (again i know, sorry ha ), do price always or in majority of cases come back to retest the price where iceberg occurd because if so than we can see with what strength it comes back and make a lot of good conclusions from that Do you guys wait for a retest?
Last edited by davethetrade; January 11th, 2017 at 12:13 PM.