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



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


Discussion in Trading Reviews and Vendors

Updated by TWDsje
      Top Posters
    1. looks_one Jigsaw Trading with 161 posts (337 thanks)
    2. looks_two paps with 29 posts (25 thanks)
    3. looks_3 Big Mike with 27 posts (115 thanks)
    4. looks_4 matthew28 with 22 posts (22 thanks)
      Best Posters
    1. looks_one Big Mike with 4.3 thanks per post
    2. looks_two Blash with 2.4 thanks per post
    3. looks_3 Jigsaw Trading with 2.1 thanks per post
    4. looks_4 paps with 0.9 thanks per post
    1. trending_up 169,402 views
    2. thumb_up 753 thanks given
    3. group 190 followers
    1. forum 590 replies
    2. attach_file 85 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

(If you already have an account, login at the top of the page)

 
Search this Thread
 

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

(login for full post details)
  #591 (permalink)
SpeculatorSeth
Salt Lake City, Utah
 
Platform: Jigsaw, NinjaTrader8
 
Posts: 521 since Apr 2016
Thanks: 18 given, 498 received


Jigsaw Trading View Post
Yeah - I don'[t think that's going to yield the results you are looking for.

If you look at Order Flow in general - you have to always consider that some people are arb/spreading & some are longer term (and don't react to short term fluctuations)

Not all flow is reactionary - BUT you can often consider everything to be short term because that's who reacts in the short term. Short term players cause short term moves, so you can exclude the ones you don't.

For this reason - counting the orders is problematic because the counting doesn't exclude the arb/spread/long term.

Stops are an order type but you can have stops without them being stops at the exchange legging out of a bad spread would be done on an autospreader, not with stop orders placed at fixed levels because it's the RELATIVE move that stops you out, not absolute moves on 1 leg.

So let's say you have a range where 100k contracts trade and for example:

- 40k are arb/spread/non-directional - any stops they have will be automated based on the entire position - most likely not actual stop orders but not directional anyway
- 30k are long term
- 30k are short term

Now, of course every buy is a sell but put that to one side for now.

When you see stops - you can't really compare the volume of stops to traded qty. Some stops aren't stop orders, so won't be visible in MBO. The Qty you are comparing against has too much non-directional, non-reactionary trades to make comparing the values.

This issue is coming up a lot and we are going to do a session on it at the end of the month: https://us02web.zoom.us/s/89660447494

This will be an interactive session, so you can come along and we can discuss different positions on it.

Isn't this the same case with plenty of things that we see in jigsaw though? Why would this make seeing stop orders useless, but not make things like say cumulative delta useless? Yeah there's lots of noise, but that doesn't mean it can't tell you something about current market conditions.

Reply With Quote

Can you help answer these questions
from other members on futures io?
Which broker that works with NT8 has a Debit Visa card?
Brokers
Scan by comparing SMAs within 5 mins
ThinkOrSwim
Anyone scalp the Mini-DAX (FDXM)?
Emini and Emicro Index
Volume Chart Trend Lines
TradeStation
TOS Custom Implied Volatility Rank Watchlist/Scanner Column
ThinkOrSwim
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Are sharks watching on the other side?
52 thanks
Sierra Chart ACSIL for Beginners.
27 thanks
Earn2Trade (Helios) - "The Gauntlet"
21 thanks
VWAP for stock index futures trading?
20 thanks
FIO Journal Challenge - June 2020 w/SharkIndicators
15 thanks


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


June 19, 2020


Upcoming Webinars and Events
 

Free BloodHound Licenses for everyone!

June
 

Every journal equals ten meals for the hungry

June
     



Copyright © 2020 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