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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)

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  #501 (permalink)
Salt Lake City, UT
 
Experience: Intermediate
Platform: SC, NT, MT
Broker: AMP
Trading: NQ ES YM Bonds
 
Posts: 248 since Mar 2010
Thanks: 49 given, 364 received

JigSaw is great - awesome, wonderful nothing can replace it, but I recently became unable to use Ninja so I started looking at other trading software available to me from my broker. I dove into Sierra Charts. Their trading DOM is pretty cool....specifically the pull and stack ask/bid columns.

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  #502 (permalink)
Legendary  Vendor: www.jigsawtrading.com 
Bangkok
 
Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker: AMP, S5, IB
Trading: ES
 
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emini2000 View Post
Hey Pete,

Been looking at Jigsaw several years on and off, and always been fascinated by it. Where would one start not having your software yet to get a good foundation of using the DOMs just to get a feel for it? I watched your video where you were trading the 4 markets in correlation, I think Dow, Russel, NQ and ES and just trading by how they moved in relation to one another. I also signed up for your free email lessons, so I know that's a start too.

Anyway, just looking for some direction and foundation to see if I can really get a feel of how to trade with Jigsaw.

One more question. Do you trade just using the DOMs? I know you put out the pre market report with levels etc. So do you use Jigsaw in relation to levels and charts also? And any other general info you could give me or point me to to start the journey.

Thanks!

The trick is to layer on one thing at a time.

It's like riding a bicycle - start slowly and as you build your skills, bring in more elements.

For Jigsaw, the starting point is the drills in module 2 on the members page. That's where you start teaching yourself to read the ups and downs of the order flow.

Intraday, I just use the vista chart but mostly I use the intraday volume profile and the other stuff on the ladder. I do like to prep before the market, so I can have an idea where people might jump into the market.

That's not to say charts are bad, it's just that every time I walk into a prop firm, no-one is paying much attention to them and that sort of thing rubs off on you.

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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  #503 (permalink)
Legendary  Vendor: www.jigsawtrading.com 
Bangkok
 
Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker: AMP, S5, IB
Trading: ES
 
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Posts: 2,977 since Nov 2010
Thanks: 823 given, 10,277 received



tulanch View Post
JigSaw is great - awesome, wonderful nothing can replace it, but I recently became unable to use Ninja so I started looking at other trading software available to me from my broker. I dove into Sierra Charts. Their trading DOM is pretty cool....specifically the pull and stack ask/bid columns.

Jigsaw is a stand along platform. So it'll hook into your feed. In fact, you get way more functionality with Jigsaw stand alone.

It is true that Sierra build their business by copying innovation from other platforms. But they aren't traders, so while it looks similar, it doesn't flow the same.

Sierra will also not be there to answer your trading questions, spend time on skype with you, they don't have the education and they don't have the analytics.

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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  #504 (permalink)
Europe
 
Experience: Advanced
Platform: Multicharts, Jigsaw
Broker: Stage5, OEC
Trading: Treasuries
 
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Posts: 821 since May 2010
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tulanch View Post
JigSaw is great - awesome, wonderful nothing can replace it, but I recently became unable to use Ninja so I started looking at other trading software available to me from my broker. I dove into Sierra Charts. Their trading DOM is pretty cool....specifically the pull and stack ask/bid columns.


Obviously Sierra DOM is pretty cool, they copied it from Jigsaw

I used Sierra many years ago and despite the platform was/is in fact good and fast, the learning curve can be quite steep.
Of all the trading/chart platforms out there, Sierra is for sure the most geek one, meaning, you need to be a computer/software savvy to work with it.

But the question that needs to be made is if all those options and customization and even all the tools packed on it, bring in fact any value to the trader?
A person that is starting to learn trading and lets focus on order flow trading since this is the theme here, if you add to that, learning how to work with your trading platform... things can go wrong pretty fast. You start spending more time "playing" with the platform than learn to trade.

Only after taking John Grady's course I could see how addictive charts are.
It seems I'm hearing him saying right now... 'you guys just can't seem to let them go'...

This is one of the advantages we have with Jigsaw, NO CHARTS TO MESS WITH! Yeah, there is Vista charts but they are really just a way to help us looking at where prices were a couple minutes ago or if that big volume up there has been there for long or not since we did not spot it before. Overall, Vista is just a heatmap of the past.

Jigsaw is an execution platform. Its depth and sales is the best in the business and offers every thing one needs to trade.
You only need to connect the datafeed and the damn thing starts showing all volume being traded without you need to spend half an hour setting it up. This, for a new trader, starting to learn the business, should be priceless.

And we can't forget that with Jigsaw daytradr we get access to Journalytix services which is an awesome tool for following the stats of our trades and journaling each one of those trades so we can analyze them later.

And on a personal note, Pete has a lot more patience than the guys at Sierra.
He has been always there for clients (me) with not only Jigsaw questions but above all, trading questions.

So if a person is starting to learn this business, need help in how to trade and also need an easy platform to trade from, it needs to make their home work first before becoming hypnotized with all the shiny lights that exist out there.

So... yeah... Sierra is cool but... Jigsaw is the coolest

If I become half a percent smarter each year, I'll be a genius by the time I die
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  #505 (permalink)
Atlanta GA USA
 
 
Posts: 264 since Aug 2013
Thanks: 67 given, 241 received

Pete,

If one has NT, would you still recommend the stand alone? For 1k one can open a NT account and they give use of the basic NT chart features free. Does the feed for that work for the standalone Jigsaw also? I'm not sure what feed NT uses, but can that feed be used simultaneously with both NT and standalone Jigsaw?

Is everything that is shown on your product page, daytrdr platform, sim, smart gauges, auction vista, etc, included for the price or are some of them add-ons?

Also, could you explain what this means exactly: * TO USE THE ORDER FLOW SUITE FOR LIVE TRADING A SUBSCRIPTION IS REQUIRED. $500 ANNUALLY OR $50 MONTHLY. Does that mean without that subscription I can't actually place the orders through the Jigsaw software, but would have to us the NT software? What is the advantage/disadvantage of that?

It appears that the only difference between price levels of Jigsaw is the level of training included, correct? Can the further education be bought separately over time?

Thanks for you help.



DionysusToast View Post
The trick is to layer on one thing at a time.

It's like riding a bicycle - start slowly and as you build your skills, bring in more elements.

For Jigsaw, the starting point is the drills in module 2 on the members page. That's where you start teaching yourself to read the ups and downs of the order flow.

Intraday, I just use the vista chart but mostly I use the intraday volume profile and the other stuff on the ladder. I do like to prep before the market, so I can have an idea where people might jump into the market.

That's not to say charts are bad, it's just that every time I walk into a prop firm, no-one is paying much attention to them and that sort of thing rubs off on you.


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  #506 (permalink)
Legendary  Vendor: www.jigsawtrading.com 
Bangkok
 
Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker: AMP, S5, IB
Trading: ES
 
Jigsaw Trading's Avatar
 
Posts: 2,977 since Nov 2010
Thanks: 823 given, 10,277 received


emini2000 View Post
Pete,

If one has NT, would you still recommend the stand alone? For 1k one can open a NT account and they give use of the basic NT chart features free. Does the feed for that work for the standalone Jigsaw also? I'm not sure what feed NT uses, but can that feed be used simultaneously with both NT and standalone Jigsaw?

Is everything that is shown on your product page, daytrdr platform, sim, smart gauges, auction vista, etc, included for the price or are some of them add-ons?

Also, could you explain what this means exactly: * TO USE THE ORDER FLOW SUITE FOR LIVE TRADING A SUBSCRIPTION IS REQUIRED. $500 ANNUALLY OR $50 MONTHLY. Does that mean without that subscription I can't actually place the orders through the Jigsaw software, but would have to us the NT software? What is the advantage/disadvantage of that?

It appears that the only difference between price levels of Jigsaw is the level of training included, correct? Can the further education be bought separately over time?

Thanks for you help.

If you have NT8, I'd use the daytradr bridge & save yourself some connection fees. You can use the bridge to NT8 and Tradovate and MT5 direct to CQG/Rithmic/GAIN all at the same time and on 2 PCs

For Jigsaw, we keep it as cheap as possible for traders that are not live - so SIM, Demo, Combines are all free to trade. You can also use the tools for analysis and enter orders via Ninja.

But like a gym that only sells lifetime licenses - and then goes bust, there needs to be some sort of ongoing fee to maintain the product. Hence the nominal $50.

For live trading there is a small fee. Note that unlike many of our competitors, our customers tend to trade a decent amount of volume. One of the things I discuss 1 on 1 with customers is setting the conditions for going live. We want people to be at the point where the potential for profit outweigh any consideration of that nominal fee.

For the education, you can add later if you want.

The most important thing though - is you are in touch with a network of traders. You can ask questions. You are not alone. For anyone considering Jigsaw, this is usually the number 1 factor in jumping on board.

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
Visit my futures io Trade Journal Reply With Quote
 
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  #507 (permalink)
Atlanta GA USA
 
 
Posts: 264 since Aug 2013
Thanks: 67 given, 241 received

Shot you a PM.


DionysusToast View Post
If you have NT8, I'd use the daytradr bridge & save yourself some connection fees. You can use the bridge to NT8 and Tradovate and MT5 direct to CQG/Rithmic/GAIN all at the same time and on 2 PCs

For Jigsaw, we keep it as cheap as possible for traders that are not live - so SIM, Demo, Combines are all free to trade. You can also use the tools for analysis and enter orders via Ninja.

But like a gym that only sells lifetime licenses - and then goes bust, there needs to be some sort of ongoing fee to maintain the product. Hence the nominal $50.

For live trading there is a small fee. Note that unlike many of our competitors, our customers tend to trade a decent amount of volume. One of the things I discuss 1 on 1 with customers is setting the conditions for going live. We want people to be at the point where the potential for profit outweigh any consideration of that nominal fee.

For the education, you can add later if you want.

The most important thing though - is you are in touch with a network of traders. You can ask questions. You are not alone. For anyone considering Jigsaw, this is usually the number 1 factor in jumping on board.


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  #508 (permalink)
Fort McMurray, AB Canada
 
Experience: Beginner
Platform: NT, MT4, Jigsaw
Broker: Continuum
Trading: ZN, ES
 
spideysteve's Avatar
 
Posts: 144 since Mar 2015
Thanks: 348 given, 156 received


mauriz View Post
hi Peter,

i have seen a trader that says he pays 30k for month for his market data, he showed me some big trade i cannot see with other professional market data like CQG or IQ FEED, do you have any experience about that ?

Holy. What the heck would he have access to??

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  #509 (permalink)
Atlanta GA USA
 
 
Posts: 264 since Aug 2013
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spideysteve View Post
Holy. What the heck would he have access to??

It better be making him at least $60k a month whatever it is. lol.

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  #510 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
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Hi guys,

Please check out this additional thread specifically for the Journalytix trade analytics and journaling product from Jigsaw Trading:



Details will be posted in that thread about an upcoming webinar that discusses the importance of trade analytics, and covers the features of the Journalytix product.

Mike

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