Does the position in the dom queue indicate how right you are when entering a trade? - futures io
futures io

Does the position in the dom queue indicate how right you are when entering a trade?

Discussion in Traders Hideout

    1. trending_up 852 views
    2. thumb_up 1 thanks given
    3. group 3 followers
    1. forum 1 posts
    2. attach_file 0 attachments

Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

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

Search this Thread

Does the position in the dom queue indicate how right you are when entering a trade?

(login for full post details)
  #1 (permalink)
Montevideo Uruguay
Experience: Beginner
Platform: motivewave
Trading: futures
Posts: 34 since Jul 2020
Thanks: 15 given, 19 received

So I enter a limit order on the DOM at X price.

If my order stays at the last position in the queue, no one else comes after me, and as time passes and price reaches my order, am I right to assume that I'm entering a shitty trade?

If no one else wants that price it's because of something?

Also, I noticed that when I enter an order and lots of orders come after me (at the same price), price reaches my order but it doesn't get filled and is usually a good trade.

Started this thread Reply With Quote

Can you help answer these questions
from other members on futures io?
Thinkorswim MACD Thinkscript
Simple "runner" code
EasyLanguage Programming
Easylanguage Contract info
EasyLanguage Programming
Weather services for trading NG
Trading Reviews and Vendors
Futures education program reviews
Trading Reviews and Vendors
Best Threads (Most Thanked)
in the last 7 days on futures io
How much do you know about Bitcoin?
128 thanks
I finally blew up an account
39 thanks
Big Mike in Ecuador
27 thanks
The tiyfTradePlanFactory indicator
25 thanks
EdgeProX from Edge Clear
23 thanks
(login for full post details)
  #2 (permalink)
 TWDsje   is a Vendor
Posts: 639 since Apr 2016
Thanks: 19 given, 691 received

If you truly have an edge for entering into that trade in the first place you shouldn't care what others think. However, you do have it right that it's not a good thing to be at the back of the queue and get filled on a sweep. If price ticks through you on the fill then you've lost a lot of the advantage of getting filled with a limit order. It's much better that by the time you get filled a ton of orders have lined up behind you that you can hit back into for break even if you need to.

I think this dynamic is a large part of why informed traders using some sort of news as the basis of their trade prefer to be the aggressors.

Reply With Quote
The following user says Thank You to TWDsje for this post:

futures io Trading Community Traders Hideout > Does the position in the dom queue indicate how right you are when entering a trade?

Last Updated on April 19, 2021

Upcoming Webinars and Events

NinjaTrader Indicator Challenge!


NEW BlackBird Features + FOREX Support w/Jeremy Tang @ SharkIndicators

Elite only

Our 12-year anniversary w/ $$,$$$ prizes (check soon)


Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada),
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