No BS Day Trading www.nobsdaytrading.com
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No BS Day Trading www.nobsdaytrading.com


Trading Reviews and Vendors

Created January 30th 2013 by BeachTrader
Updated February 23rd 2020 by hen322
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No BS Day Trading www.nobsdaytrading.com

 
Denver, Colorado
 
Trading Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: ES, CL, anything that makes $$
 
Posts: 178 since Nov 2009
Thanks: 157 given, 75 received

John is a stand up guy. Jigsaw- Peter another stand up guy, together a good partnership.

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I bought his basic course (ebook + a video) and his Intermediate and Advance webinar.

I would say it's worth the money.
His basic course is only less than $40 i think. If after reading you think it suit you than you purchase the webinar.
I was a chart trader before, I don't know about DOM.
His basic course taught me how to interpret those jumping numbers on the DOM.
I haven't make big profit from his sharing but it definitely help me reduce my losses very much.


Happy Trading.

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Perth Western Australia
 
Trading Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Mirus
Favorite Futures: ES
 
Andrewt's Avatar
 
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NO BS


Hi guys, I am thinking of doing johns course, I have been working with the Jigsaw Dom for a couple of weeks and thought I should learn more. How are you finding the stuff you learnt? has it been a help with your trading,
ANdrew

 
 
Hong Kong
 
Trading Experience: Intermediate
Platform: NinjaTrader, TWS
Broker/Data: IB/Kinetick
Favorite Futures: ES
 
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Andrewt View Post
Hi guys, I am thinking of doing johns course, I have been working with the Jigsaw Dom for a couple of weeks and thought I should learn more. How are you finding the stuff you learnt? has it been a help with your trading,
ANdrew

Hi Andrew,

If you mean John's $40 course, go right ahead as you will learn lots. The accompanying video does not use the Jigsaw DOM but you still learn the basics of playing the game very well.

If you mean John's live trading webinar, i would suggest holding off for a few more months until you are more fluent reading the tape/DOM/etc. Go through Jigsaw Pete's free course, his videos, and the member ES course and take your time getting into game. After you are thirsty for real live tutoring, John's live webinar is excellent material and he now uses the Jigsaw DOM which makes things better. However, John does not use the snapshot function, or at least not on last webinar, which I find indispensible.

Hope that helps.

Richard
Hong Kong
The following 14 users say Thank You to RichardHK for this post:
 
 
australia
 
Trading Experience: Beginner
Platform: NinjaTrader
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TheSeeker View Post
In one the free available videos, he showed his trading results for the day which were at about 1000 USD.

He did 100 round turns on that day (5 trades 20 lots) A profit is a profit, obviously, but is this kind of trading doable for the average retail trader with much higher commissions ?

does anyone know if this is his normal performance? 100 lots for $1000 profit is not even 1 tick profit per contract if we are talking about ZN/ZB.

 
 
Denver, Colorado
 
Trading Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: ES, CL, anything that makes $$
 
Posts: 178 since Nov 2009
Thanks: 157 given, 75 received


jonc View Post
does anyone know if this is his normal performance? 100 lots for $1000 profit is not even 1 tick profit per contract if we are talking about ZN/ZB.

When I bought his cheap course a few years back the most he made was 3-4 ticks he is a hard core scalper/tape reader. And he is trading, I believe, with local rates not retail.

 
 
madrid spain
 
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alejo's Avatar
 
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is it worth the $1000

any comment?

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Brisbane, Australia
 
Trading Experience: Advanced
Platform: NinjaTrader
Broker/Data: AMP/CQG
Favorite Futures: ES, ZN, Currency Futures
 
Posts: 15 since Oct 2013
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No BS Day Trading is Really No BS

I saw this thread and thought I would add my two cents.

From all my experience trading (10 years) I can unequivocally say that when it comes to creating a semi- stable profit with minimal risk of large drawdown then scalping the DOM is the way to go.

I love trading, and in the past would trade practically everything but there would inherently be large drawdowns in the profit due to unforeseeable fundamental factors. I think people need to remember that trading is about making money, if you are in it for fun and don't care about your P/L then you should start caring.

I recommend (as would most professionals) to get a DOM and stare at it for about two years. Conceptualise what John has discussed in his book (along with the concepts of liquidity, market profile and "value") and then start trading small. Scalping the DOM can be highly profitable if you are willing to put in the time. It takes abolutely no change in knowledge to go from swinging a 1 lot to a ten lot, to a 30 lot. THere is enough liquidity there that you dont even get noticed. Sure 6 ricks on a 1 lot on the ZN is about $100, but on a ten lot is $1k a day, and what about a 30 lot? Start small, think big.

To help you on your path I recommend getting in touch with a Deep Discount Broker. Also limit the number of trades per day (to stop churning of your account) and also have a tight stop limit on each trade. Learn what it means to have a "high probability trade" and to "cut your losses as soon as you know you are wrong." Also, learn about "leaning" and what is required to have both the winners and the losers pushing the market in the same direction.

This is all part of Johns book. This is real scalping and is what the largest futures traders on Earth do. But go with caution...... I never said it was going to be easy..

Happy scalping..

RD.

 
 
Winchester VA/USA
 
 
Posts: 57 since Aug 2013


ReeceD View Post
I saw this thread and thought I would add my two cents.

From all my experience trading (10 years) I can unequivocally say that when it comes to creating a semi- stable profit with minimal risk of large drawdown then scalping the DOM is the way to go.

I love trading, and in the past would trade practically everything but there would inherently be large drawdowns in the profit due to unforeseeable fundamental factors. I think people need to remember that trading is about making money, if you are in it for fun and don't care about your P/L then you should start caring.

I recommend (as would most professionals) to get a DOM and stare at it for about two years. Conceptualise what John has discussed in his book (along with the concepts of liquidity, market profile and "value") and then start trading small. Scalping the DOM can be highly profitable if you are willing to put in the time. It takes abolutely no change in knowledge to go from swinging a 1 lot to a ten lot, to a 30 lot. THere is enough liquidity there that you dont even get noticed. Sure 6 ricks on a 1 lot on the ZN is about $100, but on a ten lot is $1k a day, and what about a 30 lot? Start small, think big.

To help you on your path I recommend getting in touch with a Deep Discount Broker. Also limit the number of trades per day (to stop churning of your account) and also have a tight stop limit on each trade. Learn what it means to have a "high probability trade" and to "cut your losses as soon as you know you are wrong." Also, learn about "leaning" and what is required to have both the winners and the losers pushing the market in the same direction.

This is all part of Johns book. This is real scalping and is what the largest futures traders on Earth do. But go with caution...... I never said it was going to be easy..

Happy scalping..

RD.

Good info, do you know how Jigsaw's DOM compares to free DOMs, like the ones offered by Open E Cry or MarketDelta?

 
 
Brisbane, Australia
 
Trading Experience: Advanced
Platform: NinjaTrader
Broker/Data: AMP/CQG
Favorite Futures: ES, ZN, Currency Futures
 
Posts: 15 since Oct 2013
Thanks: 2 given, 87 received

Jisaw Discussion



KosherTrader View Post
Good info, do you know how Jigsaw's DOM compares to free DOMs, like the ones offered by Open E Cry or MarketDelta?

I have used a number of free DOMs over the years, also have used CQG Integrated Client and X Trader (not cheap by any means.) At the end of it all I believe that Jigsaw DOM is both the most informative about the current order flow and the most reasonably priced. (I am not affiliated with Peter Davies but we have emailed a bit and he seems like a very genuine guy.) I actually emailed just to tell him how happy I was that I didn't need to pay for X-Trader any more!

The first issue is your data feed. Some feeds have trouble distinguishing between if a market order was processed at bid or at offer so this can really affect your chance of success without you knowing it. I was originally on TT but then came over to the CQG as I believe it to be more true representation of the market condition. The DOM can move fast with all the spoofing of orders (and general market dynamics) so I believe this to be quite important. I know a lot of people who are happy on TT, and I was profitable on it too back in the day so don't take this as gospel.

The main advantage with Jigsaw is that it allows you to store short term data for quick reference. Some of the biggest difficulty with learning to scalp the DOM is based on remembering all the data required- what were the important levels, how many traded there, where they at bid or at offer, how many have traded here now, was it more than before? Stare at a normal DOM long enough and you will get it.... maybe. I got it after about a year on X Trader but found it a steep learning curve. Jigsaw has both reduced my stress while trading, and sharpened my entries and exits. Not to mention it is only a couple of hundred dollars to buy outright, not a grand a month like X Trader.

Another thing with the cheap DOMs is gives the big boys (aka guys who swing 5000 contracts) an easier time with icebergs. If I had to buy 5000 lots of something quickly (at market), I would want to not move the market against myself too quickly. So instead of printing a 5000 lot for everyone to see, I could send 100 sets of 10 lots, and then 100 sets of 20 lots, and then more again. If the liquidity is great enough the price would not move, and all the small players who swing short lines would only see a 10 and a 20 print. But this is a specific case. There are lots of games they play (especially on the pending order position.)

There are more reasons, but these are a few of the biggies...

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