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No BS Day Trading www.nobsdaytrading.com


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No BS Day Trading www.nobsdaytrading.com

  #111 (permalink)
 
Silvester17's Avatar
 Silvester17 
Columbus, OH
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DionysusToast View Post
Nope - 9g DOM came way after Jigsaw....

Jigsaw wouldn't exist if someone else already had it!

it looks like we are not talking about the same thing. sorry about that, my bad.

I was referring more to a "footprint chart" like option on the dom. where you can select what time frame (minutes, ticks, range, volume bars etc). and then also available all the different delta calculations. just the normal stuff you see on a footprint chart.

I'm not very familiar with your product, but I don't think it works the same way. again my apologies for jumping to conclusions without checking first

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  #112 (permalink)
 
DavidHP's Avatar
 DavidHP 
Isla Mujeres, MX
Legendary Market Wizard
 
Experience: Advanced
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DionysusToast View Post
Nope - 9g DOM came way after Jigsaw....

Jigsaw wouldn't exist if someone else already had it!

I don't know what came first 9G began as 1LDom before changed to the name 9G
Maybe it copied Jigsaw?

Was that the reason it went away? Copyright issues?

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  #113 (permalink)
 
KahunaDog's Avatar
 KahunaDog 
Hawaii at the beach
 
Experience: Beginner
Platform: Nt8, MotiveWave, TOS
Broker: S5
Trading: ES, ZB fine alcohol and muscle cars
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Heph333 View Post
Just a quick follow-up. I've stuck with the No BS principles since my last post and just concluded the 4 most consistently profitable months of my 13 year trading career. I have changed the tick chart to a range chart. I didn't like how the tick chart varied so much between volatile and non-volatile days. Other than that, nothing has changed. The chart is only to be a reminder of past price actions. All entries and exits are based on the depth, profile and orders I see on the DOM.

Stats aren't anything spectacular: 48% win rate. 0.22% avg winner 0.15% average loser. But that came out to a profit factor of 1.59 and exceeded my returns for the previous 20 months combined. It really only takes a small edge, but when you compound that edge over many opportunities and time it equals a nice income.

and while I haven't purchased the full thousand dollar webinar, John has always been very gracious answering my e-mails and giving advice when asked.

Great.

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  #114 (permalink)
 
KahunaDog's Avatar
 KahunaDog 
Hawaii at the beach
 
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KelvinKing View Post
This course as well as the Futex Price Ladder course have helped me tremendously in my understanding of reading order flow as well as acquiring that elusive "feel" of the market that everyone is trying to achieve. When I get into a trade, I know with a 2 -3 tick certainty (sometimes even 1) if I'm right or wrong. To me, that is huge. It's very common for me to have 6 to 8 (!!!) losers in a row, but even then, all I need is 1 good trade to make that all back plus some. So by having the ability to know to cut a trade as early as 1 tick, and to know when to pile on for a 30 tick winner, I think that is where the true edge lies in being able to read the ladder.

As a side note, I would also like to add that this type of price action trading is very different from footprint charts. People who have spent all their time looking at footprint or delta charts probably think it's the same thing, but I can tell you from my own personal experience as someone who switched from footprint to ladder that it's really night and day. When I see all these people trade with footprint charts, they still have to use those arbitrary 8 - 12 tick stops. So to me, that tells me they still don't know what they are looking for.

Cheers!

I believe I have found similar.
Knowing where to look, when to look at it.
Taking mulitple small loosers then finding a winner and adding on due to confirmation.

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  #115 (permalink)
 
Heph333's Avatar
 Heph333 
Springfield, MO/USA
 
Experience: Advanced
Platform: Jigsaw
Broker: AMP CQG
Trading: ZN, ZB
Posts: 43 since Oct 2009
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I did finally spring for the advanced webinar. I'm pretty pleased with it overall. There is a substantial difference between watching videos on a particular trade setup or market context vs watching the market develop throughout the day, with multiple setups.

Progress has come in bursts with periods where it flows & then hitting a wall. You eventually work through it and continue.

I can say that January - April was very challenging for me. Then May more than made up for it.

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  #116 (permalink)
 adam777 
Australia
 
Experience: Beginner
Platform: TT
Broker: TT, Quandl
Trading: futures
Posts: 56 since May 2011
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I'm going through John's Intermediate Course right now.

I'm in Sydney and I'm wondering if there's really enough volatility during London open to be trading the US treasuries using his techniques, or it just too slow?

.... Or is it best to learn to trade bund or stoxx50 using his techniques?

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  #117 (permalink)
 
arnie's Avatar
 arnie 
Europe
 
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adam777 View Post
I'm going through John's Intermediate Course right now.

I'm in Sydney and I'm wondering if there's really enough volatility during London open to be trading the US treasuries using his techniques, or it just too slow?

.... Or is it best to learn to trade bund or stoxx50 using his techniques?

US treasuries during overnight hours (London open) not only the volatility can be terribly low but also the volume can be very hard to read. John do not advise trade US treasuries overnight.

For Australia time frame is preferable to trade bund/bobl and eurostoxx50.
John has a course (live webinar) dedicated to those EUREX products.

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  #118 (permalink)
 adam777 
Australia
 
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arnie View Post
US treasuries during overnight hours (London open) not only the volatility can be terribly low but also the volume can be very hard to read. John do not advise trade US treasuries overnight.

For Australia time frame is preferable to trade bund/bobl and eurostoxx50.
John has a course (live webinar) dedicated to those EUREX products.

Yes I guess you're right. I've seen posts that the markets were really choppy during John's eurex webinar. I can see that the US Treasuries charts and DOM videos on youtube look smoother and more directional than bund and stoxx.

I guess it's just a matter of learning the eurex markets.

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  #119 (permalink)
 
arnie's Avatar
 arnie 
Europe
 
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adam777 View Post
Yes I guess you're right. I've seen posts that the markets were really choppy during John's eurex webinar. I can see that the US Treasuries charts and DOM videos on youtube look smoother and more directional than bund and stoxx.

I guess it's just a matter of learning the eurex markets.

Actually, bund/bobl and stoxx50 are probably the best markets after US treasuries for scalping, using John's "method".
The volume readings are basically the same for all markets. Trading ZN, CL, GC, 6J, bund, stoxx50, you're always looking for absorption and back ticking.
You just need to adapt how that market moves, its "tempo". How volume actually trades.
US treasuries, ZN for instance can trade 2k or more contracts at a single price and has around 3k resting orders each side.
I don't trade bund but as far as I remember, it can trade around 500 contracts at a single price and has around 1k resting orders each side.

Slower markets allow us to have more time to manage a trade, allow us to read it with a bit more time than faster markets, such as CL.
Just a question of preference, which suits better to your personality.

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  #120 (permalink)
 adam777 
Australia
 
Experience: Beginner
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arnie View Post
Just a question of preference, which suits better to your personality.

I did like the pace of ZN in John's videos, at around 9am on his computer screen ... so something similar to learn on would be my first choice.

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