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Trading the DOM
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Created: by JohniFx Attachments:5

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Trading the DOM

  #21 (permalink)
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JohniFx View Post
This video is from yesterday. I just saw that cable breaks down seriously on my charts so I quickly opened the 10 min delay TT platform to try to trade it.

its less than 4 mins

Actually it is a bit more effective than recording the whole session: if I see something interesting or a pattern I quickly open the 10 min delay and record it. Its like a futex drill but .. well ...my own amateur free drill collection

so.. would you been able to fade it?

( dont worry about the music... i use screencast o matic and i forgot to turn off the mic so it just recorderd all the noise in my room.. had to replace it with music.)


conceptually speaking; what is your trade here?

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  #22 (permalink)
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RielA View Post
conceptually speaking; what is your trade here?

Good question.

let me see this in hindsight:
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There are 6 important points here.
(1) was expectable best definition is this
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(2)-(3)-(4) is a tripple top even a slightly lowering ceiling. If I were a pro i would prolly short it around (4) .. since I am not my short 'd be 5 which is the daily trendline retest.. target just down to the range bottom or max 1x extension of the range.

Why this situation is interesting? Because it was a very rapid 3x extension of the range to the downside. A purely chart trade has all the neccessary ingredients... but purely on DOM it is just way too fast for me.
Anyway this is a pattern. it happens frequently, there are smaller versions and there are giant versions too like the CHF event last january.

What i am practicing is :
a) continuously add to the position to the bottom
b) stop and reverse at the bottom
c) play the bounce
d)be patient to play the retest of the trendline from (6) way back up to 4720

that is 4 different kinda trade 4 different kinda skill imho. Unfortunately i do not have a proper DOM replay tool where I could just mark 2 point in time and could replay and trade it over and over again until all the neccessary skills are mastered to perfection. SO I had to do this amateur record-replay-rethink thing.

thats the concept behind.

actually I completely missed this trade mostly because I was long GBPUSD from 1.42 and 1.43 ( due to a completely diferent reason) but was quite pissed seeing 100+ profit just vaporized in a few second. The point is that this is the kind of a situation where DOM is not really the proper tool.

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Last edited by JohniFx; June 22nd, 2016 at 01:07 AM. Reason: typo
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  #23 (permalink)
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Doing the DOM thing too


Hi guys, just wanted to participate in order to help guys learn what i've learned.

I have a channel where you can see some LIVE trading videos through the DOM. It's the only thing i trade off.

https://www.youtube.com/channel/UCMfTMwDqcdG4tdG4GA5cisg

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  #24 (permalink)
Market Wizard
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chrisministeren View Post
Hi guys, just wanted to participate in order to help guys learn what i've learned.

I have a channel where you can see some LIVE trading videos through the DOM. It's the only thing i trade off.

https://www.youtube.com/channel/UCMfTMwDqcdG4tdG4GA5cisg

hi chrisministeren, thanks for posting the link. How long have you traded?

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  #25 (permalink)
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xplorer View Post
hi chrisministeren, thanks for posting the link. How long have you traded?

I've been trading via the DOM about 6 months full time now. prior to that i used 1 month to just stare at it, and only watch a very few markets (FGBL/FESX).

I spent 1 month on the demo too, just to be very sure what i was doing.

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  #26 (permalink)
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xplorer View Post
It appears you are focussing on one aspect of the DOM, which is the resting orders. But that shows intent, and intent can definitely be manipulated.

However, traded volume is another matter entirely. You can make informed trading decision by looking at traded volume as an aid.

With this I'm not suggesting that Order Flow is the be-all and end-all of trading. But dismissing it outright is quite unwise.

Agreed - the actual trades tells you something about where positions rest as well as the consumption of liquidity.

We all have our opinions but mine is that this is much more important that bids & offers.

But the pace and stickiness is also quite important and you don't need the trades for that. The way it moves.

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  #27 (permalink)
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DionysusToast View Post
Agreed - the actual trades tells you something about where positions rest as well as the consumption of liquidity.

We all have our opinions but mine is that this is much more important that bids & offers.

But the pace and stickiness is also quite important and you don't need the trades for that. The way it moves.

By pace and stickiness I assume you are referring to the concept of
  • changes in speed it ticks up Vs down
  • how easy it ticks up vs down

If so, wouldn't that be also dictated by the trades?

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  #28 (permalink)
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xplorer View Post
By pace and stickiness I assume you are referring to the concept of
  • changes in speed it ticks up Vs down
  • how easy it ticks up vs down

If so, wouldn't that be also dictated by the trades?

Yes - but only if you watch them in real time. So it wouldn't matter if it was inside bid/offer or trades at inside bid/offer in terms of that information.

Just my opinion though.

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  #29 (permalink)
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DionysusToast View Post
Yes - but only if you watch them in real time. So it wouldn't matter if it was inside bid/offer or trades at inside bid/offer in terms of that information.

Just my opinion though.

This time it's gone over my head.

Are you thinking in terms of Auction Vista maybe?!

I mean, when you say 'but only if you watch them in real time', I assumed that's pretty much what I always do

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  #30 (permalink)
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xplorer View Post
This time it's gone over my head.

Are you thinking in terms of Auction Vista maybe?!

I mean, when you say 'but only if you watch them in real time', I assumed that's pretty much what I always do


I will explain what i see, and what i trade off start next month. I'm too busy at the moment to also focus on attaching voice on the videos too.

bear in my mind, i'm no super-skilled 20-year in the bank trader, as Peter . But i've totally turned my trading around when i started to trade through the DOM. Prior to starting the DOM, there's market context, which is equally very important to understand.

Basically we wan't to look at charts because it's easy and convenient. but out of 10 people, how many are actually making a living solely trading off charts ?!?. I don't know it, but i suspect we must learn to read the inside market first before learning to look at a chart.

Just my 2 cents!...

Stay safe tomorrow - i will stay FAR AWAY and drink some beers .

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