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Jigsaw Trading's Peter Davies - Ask Me Anything (AMA)
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,
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
Posts: 2,311 since Nov 2011
Thanks Given: 7,341
Thanks Received: 4,518
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
...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
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)
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.
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
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
Posts: 2,311 since Nov 2011
Thanks Given: 7,341
Thanks Received: 4,518
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
...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
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)
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
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
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.
