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Jigsaw Trading's Peter Davies - Ask Me Anything (AMA)
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Jigsaw Trading's Peter Davies - Ask Me Anything (AMA)

  #11 (permalink)
Site Administrator
Manta, Ecuador
 
Trading Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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Posts: 47,763 since Jun 2009
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I want to thank Pete for his time today, especially considering it was midnight in his time zone.

Below is the video recording of the AMA session. If anyone has further questions, please ask in this thread.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
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4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
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6)
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  #12 (permalink)
Chicago, IL
 
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Enjoyed watching the AMA recording, looking forward to hear what other platforms this will become available for.

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  #13 (permalink)
Site Administrator
Manta, Ecuador
 
Trading Experience: Advanced
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Pete, any plans to add an estimated position in queue?

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member (see why)

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #14 (permalink)
Bangkok
 
Trading Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
Jigsaw Trading's Avatar
 
Posts: 2,931 since Nov 2010
Thanks: 806 given, 10,151 received


Big Mike View Post
Pete, any plans to add an estimated position in queue?

Mike

I've discussed it with a few customers. I'm in 2 minds about it.

On the one hand, I do have people moving over from XTrader to Jigsaw and that feature is something they like.

On the other hand, I never set out to be an XTrader clone or use their feature list as my design spec.

The order entry aspect of Jigsaw is pretty squarely targeted as a 'no frills but no fumbling' order entry tools so leans more towards scalpers so it is very relevant.

EPIC is quite a rough estimation and pretty inaccurate, I think if I can find a better way to implement a way of showing people where they are in the queue, then I will do it. It'll have to come after the new platforms though.

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  #15 (permalink)
Quebec
 
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I have listened to the presentation Yesterday and must admit this was my first exposure to this kind of tool. I did understand nothing and really can't see the benefits yet but i would like to stay open and deepen my knowledge a bit more question of beeing able to discuss intelligently with my peers. What path in terms of education would you suggest so that i can educate myself and is this tool a replacement of the footprint (volume ladder) ? thanks.

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  #16 (permalink)
Bangkok
 
Trading Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
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Posts: 2,931 since Nov 2010
Thanks: 806 given, 10,151 received


trendisyourfriend View Post
I have listened to the presentation Yesterday and must admit this was my first exposure to this kind of tool. I did understand nothing and really can't see the benefits yet but i would like to stay open and deepen my knowledge a bit more question of beeing able to discuss intelligently with my peers. What path in terms of education would you suggest so that i can educate myself and is this tool a replacement of the footprint (volume ladder) ? thanks.

We have a 2-part webinar coming up on futures.io (formerly BMT) that will take order flow novices from zero to having an understanding of the concepts that underly all order flow tools (not just ours). I hope that will give people the tools for them to then go out and develop their own approach.

The Webinars will be in May. There's no harm in you having a look at this stuff before that but I wouldn't advise turning yourself into a screen zombie at this point.

I meet lots of traders through Jigsaw. Some can read a footprint and then will ask "how does cumulative delta work?" - to me, that says they don't understand the concepts that underpin all order flow tools. To me a Cumulative Delta/Footprint/Time & Sales/Jigsaw tools - it's all different ways of looking at the same thing. There's a philosophy you need to grasp. I didn't get it myself 'till someone explained it to me. So I plan to pass on the knowledge too.

I have a certain way of explaining this in laymans terms that has so far been effective. That's what we will do in May. Now - regarding the footprint, I probably already answered that in a roundabout way. There is absolutely some overlap between Jigsaw tools and the footprint. The only difference is in how 'zoomed in' you are and the fact that DOMs are unique in showing resting orders, not just executions.

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
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  #17 (permalink)
Singapore
 
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I've just watched the recording and towards the end, Peter mentioned about supporting other platforms, besides NT. I sure hope Sierra Chart will be one of them..

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  #18 (permalink)
British Columbia
 
Trading Experience: Advanced
Platform: NINJA
Broker/Data: ZEN
Favorite Futures: Crude
 
Posts: 1,091 since May 2010

I wanna be a screen zombie too, or shall I say, again... hah

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  #19 (permalink)
Site Administrator
Manta, Ecuador
 
Trading Experience: Advanced
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Peter will be presenting a multi-part webinar series on Order Flow Techniques for Day Traders on futures.io (formerly BMT). Part I will be Saturday, May 4th @ 12:00 PM ET.

More details in this thread:
https://futures.io/elite-circle/27102-webinar-order-flow-techniques-day-traders-multi-part-webinar.html

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member (see why)

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following 8 users say Thank You to Big Mike for this post:
 
  #20 (permalink)
PTA, Gauteng
 
Trading Experience: Advanced
Platform: Self built + Sierra + TWS
Favorite Futures: Stocks and Options
 
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Posts: 1,036 since May 2012
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@DionysusToast, I just watched the webinar done by @xelaar on trading thin fast markets using order flow techniques. Very informative, thanks @xelaar.

Peter (or xelaar) what are your thoughts on trading thin, yet slower moving markets. For example the YM I presume would be regarded as a thin market but it moves slowly relative to the likes of crude, gold etc.

No specific question here,...just interested in your thoughts on using orderflow techniques in thin + slow markets and what you might keep an eye out for which you wouldn't look for in other markets.

Edit: Hi again Peter, i've just watched part two of your three part webinar where you actually discuss a bit of the above. So unless there's anything else you want to add here,...please ignore my question

Diversification is the only free lunch

Last edited by DarkPoolTrading; September 6th, 2013 at 02:55 PM.
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