Jigsaw Trading's Peter Davies - Ask Me Anything (AMA) - Trading Reviews and Vendors | futures io social trading
futures io futures trading


Jigsaw Trading's Peter Davies - Ask Me Anything (AMA)
Updated: Views / Replies:85,531 / 398
Created: by Big Mike Attachments:72

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 Ė 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 donít 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.

-- Big Mike, Site Administrator

Reply
 72  
 
Thread Tools Search this Thread
 

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

  #31 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,526 received


Xav1029 View Post
Well its the same principle as CD, but more like Level II Delta. The numbers do get big(I had a working cumulative level II delta tool coded up, but it was a resource hog), but they scale VERY close to PA. I actually like when the numbers got big, because they quit looking so jumpy on a cumulative chart. Another idea could be time based accumulation,,,say the past N-minutes. This is just something I had been experimenting with, but could not got lean code.


Code guys conversing.... I feel dizzy

cheers to you both


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Reply With Quote
The following user says Thank You to tderrick for this post:
 
  #32 (permalink)
Trading for Profit
Houston, TX
 
Futures Experience: Intermediate
Platform: TradeStation
Broker/Data: TradeStation
Favorite Futures: CL
 
LogicalTrader's Avatar
 
Posts: 294 since Aug 2013
Thanks: 1,420 given, 751 received


DionysusToast View Post
I think it's a good concept but I'm not sure how you'd present it or which number to accumulate.

This meter is very 'whippy'. On a move down it'll be mostly red, then you'll see it fo aggressively blue - and of course that doesn't guarantee a tick up but it will often preceed a move.

So it goes mostly blue - then ticks up. Right after that tick up, it'll be neutral, then in an aggressive move it'll bounce back up on the blue side, then tick up. It repeats this cycle - tick up, go neutral, go blue, tick up, go neutral, go blue.

You could turn it into OHLC bars as it does have an open, high and close value but then you'll get one bar per tick.

For cumulative, you could just accumulate the closing value I guess. The one issue with this would be scaling because after 10 ticks up you'd have a fairly hefty number in there. Then on the first aggressive tick down, whilst you'd have a decent number there, it'd show as a fairly minor blip on a graphically represented form unless you used a weighted average or something.

Hi Peter, first of all, thank you very much for Jigsaw and more importantly for the manual/documentation that comes along with it. If I hadn't bought your software and read the manual, I would be far behind in my trading than I am right now.

I saw this question and your answer and I thought I might have something to contribute here. I dont use Jigsaw anymore (reasons that have nothing to do with the awesomeness of the product) so I do not know much about the swing meter and this post might be completely irrelevant therefore. But I am hoping it would help.

I came to a similar conclusion after watching the D&S on Jigsaw that if somehow the "Iceberg factor" (for lack of a better expression) could be accumulated on a "rolling" basis, it might be helpful to gauge where the "factor" turns in favor of either the continuation of a move during a pullback or a reversal. Also, for me, it had to be visual rather than numerical.

I am a programmer myself and I use TradeStation so since I had easy access via its API to the cumulative delta, I programmed my own version of the "Iceberg factor" and it looks something like this. This is yesterday's CL 500 volume chart and although I dont trade like this, I drew the developing support/resistance lines based on prior swing points to demonstrate my point.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


It is really helpful for thinner markets like CL especially on rotational/range bound days like yesterday. I compute the cumulative delta on a rolling basis and when its rate of increase/decrease goes over a user specified threshold, display a dot identifying more than normal buy orders lifting offers in an upmove and vice-versa suggesting an accumulation or absorption of orders. When this happens at prior swing points or touches of trend lines in a move, it could be a useful tool as a confirmation for entry.

Just my 2 cents. I hope I understood the context of the conversation here correctly.

Thanks.

Reply With Quote
The following 8 users say Thank You to LogicalTrader for this post:
 
  #33 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,526 received



iNeo View Post
Hi Peter, first of all, thank you very much for Jigsaw and more importantly for the manual/documentation that comes along with it. If I hadn't bought your software and read the manual, I would be far behind in my trading than I am right now.

Thanks.


One more vote for my brotha's at Jigsaw...

One of my favorite trades is trading the retest of an area. - the "second mouse gets the cheese" concept.

I had observed that exhaustion 5 and 15 minute bars were often retested at some point up the wick
before a leg reversal, forming double tops or "tweezer" formations. This trade works best at SR price seams,
of course, but I never knew WHY.... Also, where to place the limit order was guess work and a constant
source of frustration to see a PB come within 2 or 3 ticks of my order, only to hammer back and fly off without
me. (The beauty of this trade - almost instantly in the green)

Now, with the Jigsaw DOM's volume profile bit, I can see exactly where to place the order. It's simply supply
and demand. Price will typically retest where the supply drops off after a volume "spike" or "cliff"

I used to think these pull backs were random. Not anymore.

I will never trade without Volume Profile and Order Flow again.

Trading a pure naked chart without volume / order flow cues is gambling at best.

Scalping the bounces off these areas is actually quite easy now. The only thing in question, 75% of the time, is how far will it bounce, 4 ticks or 40 ...


-___________________________________

... and did I mention the Jigsaw support ? - stellar ..


grazie, Pete and the gang...


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Reply With Quote
The following 5 users say Thank You to tderrick for this post:
 
  #34 (permalink)
Trading Apprentice
Zaporozhye
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Currency Futures
 
Posts: 20 since Sep 2012
Thanks: 5 given, 3 received


tderrick View Post
One more vote for my brotha's at Jigsaw...

One of my favorite trades is trading the retest of an area. - the "second mouse gets the cheese" concept.

I had observed that exhaustion 5 and 15 minute bars were often retested at some point up the wick
before a leg reversal, forming double tops or "tweezer" formations. This trade works best at SR price seams,
of course, but I never knew WHY.... Also, where to place the limit order was guess work and a constant
source of frustration to see a PB come within 2 or 3 ticks of my order, only to hammer back and fly off without
me. (The beauty of this trade - almost instantly in the green)

...........

Scalping the bounces off these areas is actually quite easy now. The only thing in question, 75% of the time, is how far will it bounce, 4 ticks or 40 ...
-___________________________________

... and did I mention the Jigsaw support ? - stellar ..

grazie, Pete and the gang...



Hi tderrick,
Thanks for your observation. Of cause all the knots very visible at Jigsaw DOM.. Perhaps I did not understood you correctly, but perhaps its easier to see such levels at footprint. What do you think?
Perhaps you have some specific examples of exhaustion 5 and 15 minute bars for some instruments, of cause...

Reply With Quote
 
  #35 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,526 received


bisecom View Post
Hi tderrick,
Thanks for your observation. Of cause all the knots very visible at Jigsaw DOM.. Perhaps I did not understood you correctly, but perhaps its easier to see such levels at footprint. What do you think?
Perhaps you have some specific examples of exhaustion 5 and 15 minute bars for some instruments, of cause...


Sure ... I'll look for some classic examples over the next few days to post up


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Reply With Quote
 
  #36 (permalink)
Membership Temporarily Revoked
London, UK
 
Futures Experience: Master
Platform: sierra chart, Jigsaw Trading, Bookmap
Favorite Futures: 6E futures, Cable
 
Posts: 93 since Aug 2012
Thanks: 3 given, 121 received

I have been a huge fan of Jigsaw and could not trade without it, not to mention how good Peter is in terms of support,webinars, etc..

Now with regards with Cumulative delta, I have to admit I have never seen the use of it other than at extreme times (I.e, huge delta on one side with a price not moving or going the opposite way), and I must say I can't quite see how a delta between Buy/Sell when there is just as many buyers as sellers on each side can be representative if anything but an aggressive stance from one side or another at a given level. Adding the fact that by comparing Buy and Sell we are comparing 2 different prices, I can't get my head round to making much sense of this, but would love to hear more about it if some of you can use CD to their advantage.





LogicalTrader View Post
Hi Peter, first of all, thank you very much for Jigsaw and more importantly for the manual/documentation that comes along with it. If I hadn't bought your software and read the manual, I would be far behind in my trading than I am right now.

I saw this question and your answer and I thought I might have something to contribute here. I dont use Jigsaw anymore (reasons that have nothing to do with the awesomeness of the product) so I do not know much about the swing meter and this post might be completely irrelevant therefore. But I am hoping it would help.

I came to a similar conclusion after watching the D&S on Jigsaw that if somehow the "Iceberg factor" (for lack of a better expression) could be accumulated on a "rolling" basis, it might be helpful to gauge where the "factor" turns in favor of either the continuation of a move during a pullback or a reversal. Also, for me, it had to be visual rather than numerical.

I am a programmer myself and I use TradeStation so since I had easy access via its API to the cumulative delta, I programmed my own version of the "Iceberg factor" and it looks something like this. This is yesterday's CL 500 volume chart and although I dont trade like this, I drew the developing support/resistance lines based on prior swing points to demonstrate my point.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


It is really helpful for thinner markets like CL especially on rotational/range bound days like yesterday. I compute the cumulative delta on a rolling basis and when its rate of increase/decrease goes over a user specified threshold, display a dot identifying more than normal buy orders lifting offers in an upmove and vice-versa suggesting an accumulation or absorption of orders. When this happens at prior swing points or touches of trend lines in a move, it could be a useful tool as a confirmation for entry.

Just my 2 cents. I hope I understood the context of the conversation here correctly.

Thanks.


Reply With Quote
The following user says Thank You to dom64 for this post:
 
  #37 (permalink)
Trading for Profit
Houston, TX
 
Futures Experience: Intermediate
Platform: TradeStation
Broker/Data: TradeStation
Favorite Futures: CL
 
LogicalTrader's Avatar
 
Posts: 294 since Aug 2013
Thanks: 1,420 given, 751 received


dom64 View Post
I have been a huge fan of Jigsaw and could not trade without it, not to mention how good Peter is in terms of support,webinars, etc..

Now with regards with Cumulative delta, I have to admit I have never seen the use of it other than at extreme times (I.e, huge delta on one side with a price not moving or going the opposite way), and I must say I can't quite see how a delta between Buy/Sell when there is just as many buyers as sellers on each side can be representative if anything but an aggressive stance from one side or another at a given level. Adding the fact that by comparing Buy and Sell we are comparing 2 different prices, I can't get my head round to making much sense of this, but would love to hear more about it if some of you can use CD to their advantage.

Big fan of Jigsaw myself. Learnt a lot from the software and documentation. I will never forget what the sheep do

Not sure if this is the right forum to discuss my take on the usage of cumulative delta so I would just point you to a page in my journal which comes closest to discussing in more detail what I was talking about. This post discusses the theory that later materialized into the dots plotting on my chart: https://futures.io/trading-journals/28431-logical-trading-journal-9.html#post366390

Thanks.

Reply With Quote
The following 3 users say Thank You to LogicalTrader for this post:
 
  #38 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,950 since Jun 2009
Thanks: 29,139 given, 81,902 received

Tip


There will be a Live AMA session on Wednesday, May 28th @ 12:00 PM ET.

- Quick and casual, 30 minute cap
- No prepared presentation
- Live screen sharing
- Floor will be opened immediately to questions
- Recording uploaded to AMA thread afterwards
- Attend live to get your questions answered

The link for the event is:
https://www3.gotomeeting.com/register/128503806




This AMA is for Jigsaw Trading, you can ask Peter any questions about trading in general or his products/services. Jigsaw Trading is a futures.io (formerly BMT) site sponsor and this AMA may contain discussion of his products or services.

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.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #39 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,950 since Jun 2009
Thanks: 29,139 given, 81,902 received

Reminder for today's AMA. Link is in post above.

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.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #40 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,950 since Jun 2009
Thanks: 29,139 given, 81,902 received


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


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.

Reply With Quote

Reply



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

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

July Journal Challenge w/$1100 in prizes from TopstepTrader

July

John @ No BS Day Trading (TBA)

Elite only

An Afternoon with FIO member Softsoap (being rescheduled)

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Jigsaw Trading & RapidTraderPro, www.jigsawtrading.com MWinfrey Trading Reviews and Vendors 237 Yesterday 01:21 PM
DeCarley Trading's Carley Garner (Senior Strategist/Broker) - Ask Me Anything (AMA) Big Mike Reviews of Brokers and Data Feeds 28 June 3rd, 2017 05:49 PM
KJ Trading Systems Kevin Davey - Ask Me Anything (AMA) Big Mike Trading Reviews and Vendors 301 June 1st, 2017 09:08 AM
Spot FX Day Trading: The Jigsaw mokodo Trading Journals 242 November 18th, 2013 04:18 PM
DeCarley Trading's Carley Garner (Senior Strategist/Broker) - Ask Me Anything (AMA) Big Mike Options on Futures 1 March 6th, 2013 06:00 PM


All times are GMT -4. The time now is 04:33 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-06-26 in 0.08 seconds with 20 queries on phoenix via your IP 54.162.236.133