Jigsaw Trading's Peter Davies - Ask Me Anything (AMA)
Welcome to futures io.
(If you already have an account, login at the top of the page)
futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.
At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.
With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.
We are fundamentally different than most other trading sites:
We are here to help. Just let us know what you need.
We work extremely hard to keep things positive in our community.
We do not tolerate rude behavior, trolling, or vendors advertising in posts.
We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
We expect our members to participate and become a part of the community. Help yourself by helping others.
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.
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? 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.
The following 20 users say Thank You to Big Mike for this post:
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.
The following user says Thank You to Big Mike for this post:
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.
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
The following 7 users say Thank You to DionysusToast for this 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.
The following user says Thank You to trendisyourfriend for this post:
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
The following 14 users say Thank You to DionysusToast for this post:
Broker/Data: Mirus Futures/Continuum, Inifinity Futures, TOS
Favorite Futures: TF
Posts: 206 since Jun 2011
Thanks: 1,048 given,
197
received
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..
The following 4 users say Thank You to fourtiwinks for this post:
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.
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.
The following 8 users say Thank You to Big Mike for this post:
@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 01:55 PM.
The following 2 users say Thank You to DarkPoolTrading for this post:
