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2 weeks into Order flow


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2 weeks into Order flow

  #11 (permalink)
 
xplorer's Avatar
 xplorer 
London UK
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xplorer View Post
Hi Grantx

You can find my own review of Jigsaw in the Jigsaw review thread. My review is very similar to your experience.


A suggestion on this thread though: if you are soliciting feedback on people's progress in learning Order Flow in general, then this thread should really not be in the Product and Vendors review.

If you want to talk about Jigsaw then I'd suggest using the existing thread review in order to avoid duplicates.


If you want to get the thread moved you can ask Big Mike or sam028.

@Grantx

Just a quick way to locate somebody's post in a thread. In this case, Jigsaw's review thread
  1. Open the thread in question ( )
  2. Under the pages click on Search this Thread --> Advanced search

  3. In the Search by User Name box type the name of the user you want. In this case put 'xplorer' in there

You can apply this whenever you want to look for content by a user in a specific thread.

The post you want is the last one down.

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  #12 (permalink)
 
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forgiven View Post
the first thing i learned.. is looking at the dome can give you codnave distance ..you give the short term info more value than the longer term information. next do not make the leap of faith that all orders executed on the ask are sellers and the bid are buyers. if i am a trading algo trading the spreed between the ES and SPY and i have a 1000 lot limit order to buy and the market trades into may limit and that much gets filled on the ask...am i a traded trader now. no i am not a seller stuck short in the hole. next do not watch the damn thing all day long. record the first two hours of trading . replay and study what went on when you got to a area that should have held but did not ...then study the area that did. then look at a area that held but the move fizzled ,the one that exploded. you will build skill quicker. most index futures traders will have the 3 major contracts domes up side by side. so if your looking at a long on the ES.. they will not take it if the others are not lifting the bids too. i would start on bonds they trade much slower...but most new traders just have to trade the ES or oil that just can not help it. hope it helps

This is excellent advice.

Watching order flow can both connect you to the market AND cause overtrading by having you jump at shadows...

I would say that you don't need to start on Bonds. It's a matter of picking a market that suits you. You could, for instance play momentum moves on CL/ES that you'd only see once a month in the bonds.

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  #13 (permalink)
 
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 forgiven 
Fletcher NC
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DionysusToast View Post
This is excellent advice.

Watching order flow can both connect you to the market AND cause overtrading by having you jump at shadows...

I would say that you don't need to start on Bonds. It's a matter of picking a market that suits you. You could, for instance play momentum moves on CL/ES that you'd only see once a month in the bonds.

if you know how to I.D. those momentum moves on products that trade like a midway thrill ride and are
infested with stop hunting algos. you may have better results.

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  #14 (permalink)
 
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forgiven View Post
if you know how to I.D. those momentum moves on products that trade like a midway thrill ride and are
infested with stop hunting algos. you may have better results.

It's always more productive to discuss solutions than problems.

But when discussing problems, it's good to back these up. In the case of 'stop hunting algos', in the absence of you explaining who is executing them, when they are active, how they make money, it sounds more like fear mongering than fact.

There is nothing to fear but fear itself.

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  #15 (permalink)
 
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 forgiven 
Fletcher NC
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please tell us all how to I.D. and trade those momentum swings you referenced trading on the ES and oil. we all like to make money. please do not leave out any details. gives us all the good stuff. that should be no problem you always back up stuff up with facts.

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  #16 (permalink)
 
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 paps 
SF Bay Area + CA/US
 
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DionysusToast View Post
This is excellent advice.

Watching order flow can both connect you to the market AND cause overtrading by having you jump at shadows...

I would say that you don't need to start on Bonds. It's a matter of picking a market that suits you. You could, for instance play momentum moves on CL/ES that you'd only see once a month in the bonds.

Great advice by Pete. Also i would like to add check Jigsaw vids eith by Jigsaw or others posted on youtube. You will find numerous examples of breakouts and momentum runs. Then after that if one has their DOM setup one can observe this time and again on ES as an example.

Anyways one good momentum run...& if you were trading levels you also know where the stops are. If one cannot identify these...dont be discouraged. Screen time will get you to where you need to be. Rome was not built in a day.
Good vid
but there are numerous of these.

A screenshot below..again momentum run....this happens on ES every single day. Vol step and huge orders with momentum. If on the Long Side....even though big Sell market/Big Sell Limits come....The Long Side absorbs these. Also what helps me is capturing screenshots of the most important things i think...including a market halt at brexit/election....big momentum runs, etc till OF becomes 2nd nature


Note: here i show Jigsaw...as i use it. But anything you use or develop can show the exact samething.

Add:- Adding momentum run from todays mrkt open. Again steps in prof...


cheers and goodluck

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  #17 (permalink)
 NGtrader 
Burnaby, BC Canada
 
Experience: Advanced
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Concur with what was said about being overanxious and jumping at shadows.

I definitely found the benefits of looking at the DOM but the downsides are I became more jumpy from looking at it too much and also at times got out of profitable trades too early, forgetting the big picture. It helped me figure out that I am not a scalper. Scalping is exhausting and at my age (late 40's) I get tired more easily. I am more of a day timeframe trader.

I guess you have to figure out what suits your personality. Can you scalp for a few ticks here and there and not get decision fatigue, make poor decisions and start to give back profits? Only you can figure that out.

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Last Updated on February 19, 2017


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