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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)

  #201 (permalink)
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Canada, Alberta
 
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I just use market replay data..

My approach is , to understand when big players step in and try to go with them .
Some times I find it easy , and other times I just find it really confusing.

Do institutions or market makers go in and out of the market , for example if you see big order comming in and the market is pushed in one direction, at certain point in the day or even in the few hours after that point do they reverase there position? or do they usally hold there position for few days?

I usually expect them to defend there initial entre , some time they do and other times they don't.

It's embarssing because I didn't honely relised I was in the VPOC.. lol until you mentioned it.
I was really caught up with the offers and bid side snap shot colume. I was cancerned with the absoption of the offers.

Thank you for yor resposes ppl .. I will work on my audio recording as well,

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


lexxmd View Post
I just use market replay data..



My approach is , to understand when big players step in and try to go with them .

Some times I find it easy , and other times I just find it really confusing.



Do institutions or market makers go in and out of the market , for example if you see big order comming in and the market is pushed in one direction, at certain point in the day or even in the few hours after that point do they reverase there position? or do they usally hold there position for few days?



I usually expect them to defend there initial entre , some time they do and other times they don't.



It's embarssing because I didn't honely relised I was in the VPOC.. lol until you mentioned it.

I was really caught up with the offers and bid side snap shot colume. I was cancerned with the absoption of the offers.



Thank you for yor resposes ppl .. I will work on my audio recording as well,



All I can say is that every single moment in the market is unique (yes Douglas fan here...lol) and unlike every other moment before and after for all of time. Meaning the people trading ...are diff...or have diff ideas than before ...or diff motivations ...the people with the potential to put on a trade are diff..... no single moment is or can be the same as a past or future moment.....etc etc etc ad infinitum.



So big players can't be summed up as this or that way.



Find an edge, however you do that, I do it with Excel and probabilities and with levels I perceive as important. Then we have to learn to execute our trades flawlessly every time. Train a probability mind into yourselves so you can still execute flawlessly the trade after 5 losers in a row so that 6th trade once it shows up is put on perfectly....no hesitation, no second guessing, no remembering the last 5, no wanting a sure thing or feeling bad about being wrong and on and on.....





P.S. might be helpful and just a suggestion to hit the quote button if answering or continuing a conversation, back in the original post

Ron

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)

Last edited by Blash; January 24th, 2016 at 01:29 PM.
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  #203 (permalink)
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Hi, @DionysusToast

Does Jigsaw have any utility for quick gut-checking price action?

I trade while I work and thus only trade when a relatively obvious setup arises in the price action. (I don't have the time to work with complicated indicators or extensive chart markup.). That's my cake, but I'm wondering if I could drop my bad entry rate with the icing of order flow. Only problem is that it looks to me like Jigsaw will require extensive continuous reading of order flow to make sense. I don't mind putting in the time to learn to read it, but I need to know whether it's possible, when executing a trade, to use it for quick confirmations or refinements to entries without having spent much time keeping up with the order flow activity beforehand.

Thanks

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  #204 (permalink)
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pseudoalias View Post
Hi, @DionysusToast

Does Jigsaw have any utility for quick gut-checking price action?

I trade while I work and thus only trade when a relatively obvious setup arises in the price action. (I don't have the time to work with complicated indicators or extensive chart markup.). That's my cake, but I'm wondering if I could drop my bad entry rate with the icing of order flow. Only problem is that it looks to me like Jigsaw will require extensive continuous reading of order flow to make sense. I don't mind putting in the time to learn to read it, but I need to know whether it's possible, when executing a trade, to use it for quick confirmations or refinements to entries without having spent much time keeping up with the order flow activity beforehand.

Thanks


You can, as long as you have an overall feel for the flow anyway.

I mean - if I see the ES open up and showing 200 contracts and less per level, I have a pretty good idea how volatile it'll be - not so much because I was watching it like a hawk for hours that day but just because I'm tuned in to the relationship between liquidity and volatility.

So with 200 bids/offers per level during the day session, I'm going to expect more volatility and therefore for the Order Flow 'events' to occur over a slightly wider range of prices.

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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  #205 (permalink)
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pseudoalias View Post
Hi, @DionysusToast



Does Jigsaw have any utility for quick gut-checking price action?



I trade while I work and thus only trade when a relatively obvious setup arises in the price action. (I don't have the time to work with complicated indicators or extensive chart markup.). That's my cake, but I'm wondering if I could drop my bad entry rate with the icing of order flow. Only problem is that it looks to me like Jigsaw will require extensive continuous reading of order flow to make sense. I don't mind putting in the time to learn to read it, but I need to know whether it's possible, when executing a trade, to use it for quick confirmations or refinements to entries without having spent much time keeping up with the order flow activity beforehand.



Thanks


I would add to what was said by saying you could go about your day doing your regular job and trading this way as long as you have clear "places" setup ahead of time where you desire to conduct business in, your trade locations. Maybe set up alerts on the chart or in the Market Analyzer if you don't have it for your charts and once the market trades at your locations and you hear the alert going off while doing your regular job come over and check the Jigsaw tools to determine if entering the market make sense. Watching order flow at all times IMHO is edgeless. But very helpful at certain times. I need to add this is only going to work if you know what the Jigsaw tools are telling you and you might be at a slight disadvantage compared to the guy that is intimately familiar with these types of tools and was able to watch the market more that day to become keenly aware of just how trading was happening that particular day from the open let's say.

But nonetheless I feel the Jigsaw tools offer a massive advantage and I have learned an incredible amount from Peter and from using his amazing tools over the last 3 going on 4 years now.

Ron


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It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
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  #206 (permalink)
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Blash View Post
I would add to what was said by saying you could go about your day doing your regular job and trading this way as long as you have clear "places" setup ahead of time where you desire to conduct business in, your trade locations. Maybe set up alerts on the chart or in the Market Analyzer if you don't have it for your charts and once the market trades at your locations and you hear the alert going off while doing your regular job come over and check the Jigsaw tools to determine if entering the market make sense. Watching order flow at all times IMHO is edgeless. But very helpful at certain times. I need to add this is only going to work if you know what the Jigsaw tools are telling you and you might be at a slight disadvantage compared to the guy that is intimately familiar with these types of tools and was able to watch the market more that day to become keenly aware of just how trading was happening that particular day from the open let's say.

But nonetheless I feel the Jigsaw tools offer a massive advantage and I have learned an incredible amount from Peter and from using his amazing tools over the last 3 going on 4 years now.

Ron


Sent from my iPhone using Tapatalk

Thanks, Ron. I do use line alerts to let me know when one of my hypotheses is being confirmed for a setup. Sounds like you're saying that although I won't maximize the value of Jigsaw if I only use it this way, it will still likely yield a marked benefit.

"Can you lead Leviathan about with a hook? ... Will the traders bargain for him?" Job 40:25-30
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  #207 (permalink)
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pseudoalias View Post
Thanks, Ron. I do use line alerts to let me know when one of my hypotheses is being confirmed for a setup. Sounds like you're saying that although I won't maximize the value of Jigsaw if I only use it this way, it will still likely yield a marked benefit.

What I would say is give in to this: https://www.youtube.com/watch?v=wOpQEvmtPto

Doing those drills wont take long and you can even do them at times you wouldn't normally trade.

It's going to appear a bit 'numbery' at first but it's stick with it & you will reap rewards.

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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  #208 (permalink)
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Hi guys,

It is my pleasure to welcome back Peter Davies of Jigsaw Trading for another webinar on Thursday, March 17th @ 4:30PM Eastern US.

This is a promotional webinar and will contain promotional content.

In this webinar, we will take a look at how to stay on the right side of the market using the Jigsaw Order Flow Analysis Tools, including the new Auction Vista Order Flow Heatmap. We will consider using the tools to compliment an existing trading style and stand alone to identify trade locations and manage positions. We'll look at the features of the tools in the context of different styles of day trading and consider the following:
  • Algorithmic & Predatory trading - The myths vs the realities
  • Market Making techniques (scalping)
  • Spoofing and iceberging
  • Hidden backstops created during the trading day, that can be used as entry points/stop out locations
  • Thin (illiquid) vs Thick (liquid) markets (e.g. Crude vs eMini S&P500)
  • The significance of Depth vs Trade Execution information.
  • Putting them into perspective.

Register to attend the event (space is limited):
http://on.futures.io/iwomy

You can use this thread to ask any questions to Peter about the webinar.

Mike

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

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  #209 (permalink)
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Hello, I'm looking specifically for the Gomi CD indicator download like I was directed here to find. I've searched this site, and I see some other Gomi indicators, but not the Cumulative Delta. Thanks.

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  #210 (permalink)
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Trader2016 View Post
Hello, I'm looking specifically for the Gomi CD indicator download like I was directed here to find. I've searched this site, and I see some other Gomi indicators, but not the Cumulative Delta. Thanks.

Hi @Trader2016,

I am not sure if it is on Pete to answer this (and I hope Pete does not mind), so if I may:

Have you tried here? I think Cumulative Delta is included.

https://futures.io/elite-circle/1342-volume-ladder-ninjatrader-gomi.html#post17189

More info also here:
https://futures.io/elite-circle/11179-cumulative-delta-volume-trading.html#post123825

Successful trading.

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