Is the DOM useless? - Traders Hideout | futures io social day trading
futures io futures trading


Is the DOM useless?
Updated: Views / Replies:5,996 / 21
Created: by PeterOhlson Attachments:0

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
 

Is the DOM useless?

  #21 (permalink)
Elite Member
Colorado, US
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: NT/CQG
Favorite Futures: e-Mini S&P & Treasuries
 
mkaminski's Avatar
 
Posts: 79 since Jun 2011
Thanks: 83 given, 49 received

I realize I'm a little late to the discussion but as someone who has recently completely discontinued using charts in favor of the DOM I had to comment.

In reading through this post it's pretty clear that y'all want to convince yourself the DOM is useless but guess what? You're completely wrong. That is, unless seeing that orders have dried up at a certain price is useless but I don't think you could find anyone to agree it is.

My only reason for this post is to let anyone new to the DOM know that what they have read prior to this post is only the opinion of the person posting and absolutely should not influence their opinion of the DOM. These well intentioned people obviously do not understand how to use the DOM and you would benefit from ignoring them entirely to do your own investigation into the value of the DOM.

Charts can only show you what has happened in the past. And, since you cannot trade in the past it would benefit you to use something that shows you the present like the DOM (make sense?). Someone can show you where a support/resistance level held to the tick and someone else can show you where it completely failed. Lines on a chart can only be used as a reference and nothing more. What you see on a chart is nothing you can't see while watching the DOM. When price is selling into the offer and the offers dry up, it's not moving anymore and that's as clear as day in the NOW, not the PAST.

I could go on but if you're new do yourself a favor and look into the DOM yourself. Decide for yourself because in the end, you'll only have enough confidence to pull the trigger anyway if you did the legwork.

For reference, 'watching the DOM for a while' shouldn't be anything less than six months before making a decision and I'm pretty sure nobody who has posted in this post prior to me has done that. I can tell by their opinions.

Best of luck!

Reply With Quote
The following 6 users say Thank You to mkaminski for this post:
 
  #22 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES
 
NinjaTrader's Avatar
 
Posts: 1,260 since May 2010
Thanks: 153 given, 1,890 received


taufikhak View Post
sorry,, what is DOM??
I do not understand it yet?. Please tell me about it..

DOM is an acronym for Depth of Market order entry interface for trading futures.

Information on our brand of DOM, we call the "SuperDOM" can be found here - SuperDOM

Reply With Quote
The following 2 users say Thank You to NinjaTrader for this post:

Reply



futures io > > > Is the DOM useless?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
DOM Analysis Software aviat72 The Elite Circle 30 April 19th, 2012 05:11 PM
Could you advice me on this DOM. gracepips NinjaTrader 1 March 27th, 2011 08:33 AM
Why Getting Rid of Useless Regulations May Not Be Easy Quick Summary News and Current Events 0 January 22nd, 2011 10:10 PM
Survey Says: On Dom Reading itrade2win Traders Hideout 4 November 14th, 2010 02:50 AM
TradeStation DOM vs Others jitasb TradeStation 5 November 9th, 2010 06:08 AM


All times are GMT -4. The time now is 01:18 PM.

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 2017-12-11 in 0.07 seconds with 19 queries on phoenix via your IP 54.145.16.43