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John Slazas JS Services Dashboard feedback


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John Slazas JS Services Dashboard feedback

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  #1 (permalink)
Aberdeen uk
 
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Hello, has anyone subscribed to John Slazas JS Services Dashboard? The service looks good, especially when combining bookmap with the market structure levels. The subscription is quite expensive and I can't find any reviews online, so any feedback would be appreciated. Thank you.

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  #3 (permalink)
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Mrchips View Post
Hello, has anyone subscribed to John Slazas JS Services Dashboard? The service looks good, especially when combining bookmap with the market structure levels. The subscription is quite expensive and I can't find any reviews online, so any feedback would be appreciated. Thank you.

i look for days and could not find any thing at all. at the price point they charge it may be only used by high end prop firms and banks...like Bloomberg. i have seen all there veto on you tube. i sure it would be helpful but i think it would take 6 months of work to unlock the advantage of the software. for us small traders we only trade one market for the most of us. the software is like the TAS scanner on Bloomberg in the fact you can scan a lot of markets to trade only the best of trading conditions. you must have software like that to give you the market state, sentiment , key levels, any news coming out... and a quick trading plan on what to expect and what would a brake of that plan would look like...where entry stops and targets should go. that is one reason we blow out after a good day or week...when the wright conditions are there we trade well when they change we blow up. we do not have the know how to trade just the trending stuff

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forgiven View Post
i look for days and could not find any thing at all. at the price point they charge it may be only used by high end prop firms and banks...like Bloomberg. i have seen all there veto on you tube. i sure it would be helpful but i think it would take 6 months of work to unlock the advantage of the software. for us small traders we only trade one market for the most of us. the software is like the TAS scanner on Bloomberg in the fact you can scan a lot of markets to trade only the best of trading conditions. you must have software like that to give you the market state, sentiment , key levels, any news coming out... and a quick trading plan on what to expect and what would a brake of that plan would look like...where entry stops and targets should go. that is one reason we blow out after a good day or week...when the wright conditions are there we trade well when they change we blow up. we do not have the know how to trade just the trending stuff

Thank you for your reply forgiven. I will give the product a 2 week trial and see if it is for me or not. I really like how the product maps out the markets in a logical manner, so I'm looking forward to the trial to see how I get on. Once the markets start picking up in a few weeks I will start the trial and give an update with my feedback. I will be using this with bookmap, so my review will be based on entering positions using the JS Services levels confirmed by order flow (the levels are also available on Jigsaws DOM and heatmap, which is similar to bookmap). My personal preference is to use bookmap, but I do also like to use the superior Jigsaw DOM in addition to bookmap on thicker markets like the ES.

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Fletcher NC
 
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i have a felling JS is very good. agree on bookmap too,, reading the order book for me works better on bonds,,the ES trades funny ..i do not know why but it does. it could be algos or two much volume. the bonds are slower so you have more time to do it. they do not seem to leak through levels by a few ticks like the ES.

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I look forward to hearing your review as well.

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  #7 (permalink)
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I ran a 2 week demo of JS Services dashboard and was very impressed with service offered. Although I can't give a very thorough review, as I only trade due to work commitments 2 days a week (Wednesdays/Thursdays). Although I did review charts at the end of each day and the main levels seem to be spot on.

I am a novice trader and very much still in the learning process, so please take this into consideration when reading my comments. I have been interested in the markets for a long time, and read many books on trading (majority of which were not worth the paper they were written on) on and off over the years as an interest, but never actually started seriously until a year and a half ago. With hindsight analysis, I was under the impression that trading was going to be easy. How wrong was I!! Trading has to be one of the most difficult professions out there and unfortunately for retail traders there is just so much garbage that puts you on the wrong track.

Thankfully, there are some great free resources out there and a lot of excellent material on FIO. I did all the usual indicators and got nowhere with them and I looked at all different markets and timeframes. Initially I started trading a spreadbetting account, without any success. Although I managed to not loose very much money and generally broke even somehow, but I realized that I had a lot to learn and wanted to move directly to futures, as the spreadbetting companies cover their own interests before their clients. A good example of this was when the Swiss Franc scrapped their currency ceiling, thankfully I wasn’t trading the Swiss Franc at the time.

I would like to give a special thanks to the people that have been instrumental to my learning so far in no particular order: David Weis (modern Wyckoff method), FT71 (Stage 5), Peter Davies (Jigsaw), Anthony Drager (Market Delta), John Slazas (JS Services), Ferran Font Ramentol (Private Trader), Jim Harrison (Bookmap videos). All of the above have excellent FREE videos and most can be found here on FIO and additionally on youtube.

I came across JS Services initially after seeing that it was an add-on to Bookmap and Jigsaw Tools. If not available for integration into both Bookmap and Jigsaw I probably wouldn’t have come across JS Services. For anyone that is interested, I would recommend having a look through JS Services videos on youtube and check out their website, as these show what's on offer from the services provided and you can look at these to see if it is something that you would be interested in. John Slazas can also be contacted by phone and I found him to be very helpful in any questions that I had.

Below is a summary taken from JS Services, so the below are their words not mine. I have added this, to provide a brief summary of what’s on offer. It should be noted that I am in no way connected to JS Services or any other vendor for that matter.

The JS Desktop application is a comprehensive strategy based trading tool that supports traders of all levels of experience.

The Analytics are probability based and provide a clear definition of a market’s technical STATE, the price STRUCTURE of that state and the STRATEGIES that are anticipated to work best in that state and structure.
The benefit is improved awareness of the current technical “theme”, so trading tactics can be aligned, for a more intuitive execution of a trade plan

JS Services Research and Trading, LLC sets the standard for premium technical levels. Growing out of the Chicago trading floors as an independent research company, the Price Map has earned a reputation as a solid technical study that traders have relied on for over 20 years.

The Price Map is a market overlay for strategy development and risk management.
Breakout Pivot Points with defined targets
• Neutral Consolidation Price Range defined
• Session bias defined by 1 Pivot Point
Exhaustion Extreme Levels
• Weighted Support/Resistance

JS Services technical levels are more than just support and resistance. They are qualified inflection points that are compiled into a dynamic market overlay or Price Map, which can be used as a stand-alone strategy or as a supporting indicator for both high and low frequency trading opportunities.

As an Engineer (Oil and Gas Industry) , the process of the price structure really appeals to me and makes perfect sense and feel like I got the 'aha moment'. I instantly felt comfortable using the approach, as I was moving more to using price action only in combination with reading orderflow. But PA is only good if you have levels to lean against and these levels where the market needs to make a decision seem spot on so far.

However, I still use VWAP, Weis Wave and Volume Profile on my charts for additional market context only.
The levels identified are decision zones where institutional traders review their trades and as such you can expect a good level of market participation at these levels which is reflected in the orderflow to support these zones. Without price action and orderflow supporting these levels then I wouldn’t take a trade.

The approach is standardized to all markets, although for execution each market obviously has their own character, which can be witness clearing using bookmap/jigsaw or similar product. Each market does move in their own unique way and have their own nuances, but the market structure remains the same for each based on the JS Services approach.

Obviously it is early days yet, but I feel I will now be able to make progress and put my trading on the right track. Given my limited use of the product, this review should be taken with a pinch of salt. I have subscribed to the service, so will see how I get on. I am currently doing a 50k TST combine in an attempt to supplement my trading account and to also learn whilst minimizing losses to my personal account.

If I pass the initial stage I may look at putting up a journal for my FTP so that I can post my trades. I would probably have to update a journal at weekends, but I will first need to check with John Slazas that I am able to post screen shots of my trades. I think he will be ok with this, providing that I do not post live trades and only post at the end of the day as obviously this would be giving away free proprietary information away if done live. In any case I wouldn’t be able to do that and like I said I would probably update my journal at the weekends.

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Fletcher NC
 
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i new the service would be good. my question is you need to over come a big price point to pay for the product. will it do that. is the bais indicator and trade plan that useful . or is it just the map. thank you mr. chips

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Hi Forgiven, the monthly fee of $350 does seem quite high on the face of it. However, I think this represents good value for money.

For example, the price map structure is based on levels like a price ladder. The price difference between say the main critical levels would be classed as 1 AMPD (average price map distance) then inbetween these levels there will be a minor level 1/2 AMPD. The AMPD distances change from day to day for each market, but say we were looking at crude then the 1 AMPD might be around 70ticks. This would be your initial target, on CL I try to use around a 10tick or less stop, so straight away with one winning trade on a single contract the monthly fee could more than be paid for. Aiming for an initial 1 AMPD target has been great for my own trading, as previously I would not have been able to hold the trade long enough and now I am able to let the trade run if market conditions allow.

I manage to use tight stops based on using bookmap to identify where potential liquidity in the market is so that I can lean against it. Certainly reading the order flow on bookmap or similar product is a skill in itself and one that I am constantly learning. Using a product such as bookmap or jigsaw heatmap will speed up your learning process massively, as being able to see liquidity being manipulated on the DOM etc would be near impossible for me as I don't think I have the memory to see this happening on a regular DOM!

Its still early days for me to say if it is truly good value for money, but I personally believe for a skilled trader there would be benefit to using the service. The added benefit is that you can also look at opportunities on different markets, as restricting yourself to one market can potentially make you feel that you have to trade that day, when the market conditions may not suit your own personal trading style causing you to loose money. The downside to this is having to pay for additional datafeeds depending on the markets you wish to trade.

The trade plans are very useful, but you have to read what the price structure is telling you when it reaches the levels. This isn't as difficult as it seems as I use fairly basic price action in relation to the main levels on the chart (use a 3min chart standardized over all the markets I look at) and if I see the price action is working the market structure positively or negatively then I start looking at the micro structure on bookmap for execution. The JS Services approach is based on more of a fact based approach and the best way to see this is to just check out all their videos online as John describes this better than I can. I would recommend to study all the content on youtube prior to taking a 2 week trial, that way you will get more out of the trial. Obviously this may not be for everyone, and I can only speak for myself but I for one am looking forward to trading this methodology. Each trader would use this service differently, depending on their own trading style and you don't have to have bookmap or similar to use the product. Any trader interested would need to make their own judgement on the product after a 2 week trial as every trader is unique.

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Fletcher NC
 
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i would agree trading one market is the down fall of many traders. that is why i looked at JS to start with. you would almost have to have some thing like it. just for the trade plan alone. but now you are talking about 1000 a month. i guess it would be no problem if you make 7000. i have seen all utube stuff is there any more advanced training or support that comes with it other than what is on utube. from your last review you said one big plus was the targets. you have a better idea where price is going. what about direction and the convection of that direction does it do any thing in that department are you able to use the bias indicator for any thing useful ..thanks again mrchips good luck and good trading

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Hi Forgiven,

The price is $350 and that includes price map etc for all 49 futures that are on the JS Services desktop. Only addition would be for data feeds. I personally only trade ES, GC and CL at the moment as this is enough for me to review at any one time. But obviously CBOT, COMEX and CME cover additional futures if I wanted. I am tempted to trade additional exchanges, but for now these are enough for me. So depending if you are classed as professional or not the datafeeds can mount up.

Within the JS Services desktop there is a help function, which details everything you need to know with regard to strategies etc.

Although there is a negative/positive or neutral bias for the day, you really need to read how the price structure (price action) is working the main levels and market structure. You need to be flexible to go either long or short at their main levels as I see the levels not quite as support or resistance, but a level where the market participants need to make a decision and the levels can become either support or resistance and then I expect the market to move away a minimum of 1/2 to 1 AMPD. I am still learning the methodology and there is still more for me to get out of the service. I'm sure if you have any questions you would get a prompt reply from JS Services.

One thing I would mention is that you are looking for a reversal, breakout or fade strategy at the levels. If you look to fade the market, I think you really need to be looking at a DOM or heatmap to ensure there is a decent amount of liquidity there as when you are fade you are going against price structure. Without seeing any liquidity and trying to fade the market you will just get run over.

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I've been using JS services for a month now. John is very helpful in answering any and all questions. It's better if you just watch the price action and levels for a few days. Just so that you can get familiarize with how price reacts at the levels. Agree with Mr chips completely.

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Fletcher NC
 
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good work and good trading... i must have missed read some of the prices on the sight

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Boston Ma/USA
 
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In case anyone was interested, BM and JSServices made a video webinar today.


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Fletcher NC
 
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jthomas View Post
I've been using JS services for a month now. John is very helpful in answering any and all questions. It's better if you just watch the price action and levels for a few days. Just so that you can get familiarize with how price reacts at the levels. Agree with Mr chips completely.

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has anyone tested there gray or black box algo that plugs into xtrader ..

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Fletcher NC
 
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if any of you are still using the product, up date us. good or bad..thanks

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Aberdeen uk
 
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forgiven View Post
if any of you are still using the product, up date us. good or bad..thanks

I'm not using it and I haven't been trading due to work. I was trying to come up with a method to trade only the last 2 hours of ES, which JS Services isn't really suited only for the last 2 hours of the day.

But started looking into possibility of trading crude and been working on signals via Investor RT. Although, this ended up being a day trading system that's not suited to trading 2 hours a day! Ooops! I need to learn how to use Python for back testing and possibly try machine learning...

See my twitter account @StopperMark for some latest screenshots of my CL signals. It's a work in progress.

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Fletcher NC
 
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Mrchips View Post
I'm not using it and I haven't been trading due to work. I was trying to come up with a method to trade only the last 2 hours of ES, which JS Services isn't really suited only for the last 2 hours of the day.

But started looking into possibility of trading crude and been working on signals via Investor RT. Although, this ended up being a day trading system that's not suited to trading 2 hours a day! Ooops! I need to learn how to use Python for back testing and possibly try machine learning...

See my twitter account @StopperMark for some latest screenshots of my CL signals. It's a work in progress.

thanks mr. chips. FX is active almost 24/7 . there is no volume data on stop FX. but there is on FX futures. you can use bookmap on them. did you find there product that much better than regular floor pivots.

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estonia
 
Experience: Intermediate
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has anyone still been usind JS?
i have subscribed to the trial, and now looking into CL for a few days back. levels seem to be spot on, as well as strategies they suggest for specific market conditions. Only issue is as said above, you have to be at the screens all day, and many times moves off these levels start during overnight.
I am living in europe and will now also look into some eurex products

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JS Services has updated their pricing. Their old price was $350/month and that gave you all the markets they cover. You can now select the markets you want to analyze. You can select a single market, group of 3 markets or sector focus which covers about 8 markets. A single market will run $99/month and a sector will start at $299.

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Aberdeen uk
 
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Thanks for updating with JS Services new pricing mjones11. The last time I had a trial, circumstances changed and I was unable to trade the day sessions. I'm now in a position to start day trading again and given that I only want to focus on trading CL for now, I will give it another look as the new pricing structure is appealing if you are only looking at a few markets.

I've been working on my entry techniques using orderflow with the help of some algorithms I've put together on Investor RT and use these in combination reading the DOM and vista heatmap with Jigsaw, so I'm interested to see how my entries align with the JS levels. I'll update with some screen shots once I get up and going with the subscription.

Does anyone use JS Services with Investor RT? They don't have a plug in for IRT, but interested to know if anyone has set up an easy method to get the levels into IRT.

Thanks.

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Aberdeen uk
 
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I now have a subscription for Crude Oil $99 per month, had a brief look at the levels and they were pretty much spot on yesterday along with the strategy. The entries were also aligned with my own ones, so I'm looking forward to testing this and hopefully try to avoid my overtrading! I'm away to start a 50k TST combine so will update how I get on.

I'm in the process of setting up master levels in Investor RT so that it is fairly easy to import the levels each day. These should be set up using a quotepage which links to V#'s. If anyone has IRT/JSS and would like me to share with them the chart set up for levels only let me know. Once I have them set up, I'll post a chart so you can see and details of how to do it.

Cheers

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estonia
 
Experience: Intermediate
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great, keep us informed how it goes, please.

only drawback i see from JS is that you 100% rely on something from 3rd party, and your own analysis is no longer needed.
i dont hink thats good in the long run. JSS however informed me they provide service for already 25 years, so basically safe from risk of being left with no strategy if they go out of business.

I have noticed their levels very often match my own preparation on several markets, incl CL, DAX and Bund, but what I think JSS does a great job at is they let you know if these levels have to be bought or sold in current market state. And thats what i am missing big time

Are you trading CL London hours or RTH?

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Aberdeen uk
 
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I'm will be trading CL in RTH, possibly the globex session too some days as there are good opportunities there. I have two little rascals aged 2 and 4, so try to work around them

I know what you mean about using a service, as you have to rely on it and this does concern me. However, for the moment I would just like to become profitable then worry about not using the levels, but baby steps!

One thing if using Jigsaw, apparently the integration is not working at the moment and they are waiting for Jigsaw to get a fix. I'll contact Peter at Jigsaw to find out when they will get it sorted. I think Jigsaw are away to release a new revision of Jigsaw in a couple of weeks with some interesting new features, so hopefully that will be the latest that its fixed.

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Aberdeen uk
 
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Has your own trading improved since using JSS levels?

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  #26 (permalink)
estonia
 
Experience: Intermediate
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i have done a trial and watched them, i havent utilized them to full extent with the way John says to use them in terms of using stops and targets. I think i was messing things up a little by combining the way i trade and the way JS levels should be used. so looking forward to hear if you get a better experince. One thing i learnt for sure - just trade as he says and see where it will get you.
also, i think having 1 market on JSS is not so beneficial as you will be taking suboptimal entries, having a few markets will let you choose the best setups. levels are often so far away from current market that very often you dont get a decent trade in 1 instrument for couple of days at least

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sjegorov in the future I would like to expand to other markets, but for now I'm just going to concentrate and become profitable in one.

There are plenty of opportunities in Crude daily, but having a market state awareness will hopefully keep me on the right side during difficult choppy trading days and lower my expectation for larger trades (neutral/non event days).

My own methodology has been moving towards analyzing orderflow only. Hence the reason to focus on one market at a time as ordeflow varies for market to market and this is crucial for me to get a better entry and minimize my stop distances. But I think with these levels and awareness of the market state will allow me to focus in on areas to do business and stop trying to take absolutely every small move. So will just have to see how I get on using JSS levels and combining it into my own method for entry/exit.

Cheers

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estonia
 
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how is it going thus far? any success trading these levels?

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I was supposed to start this week, but all my charts messed up when I tried to change to the front month, so have been trying to get them fixed. Finally came up with a solution today to get the JSS levels into IRT. I was previously importing them using user variables via a quote page, but probably something I did wrong in IRT when rolling over. Tried everything to get it working, but now use Flexlevels to import and this seems to work great. If anyone would like to know how to set up JSS flex levels in IRT, give me a shout.

Also, I have been working on my entry signals, which have changed a little for the better and includes the market auction and volume and I'm pretty pleased with them. I have been watching the levels from JSS and I'm looking forward to go live next week. I will post how I get on with them, but the levels seems spot on and having a market structure and context is extremely useful.

I'll post today's set ups after the close, some nice trades today had I been trading live... however, there's a difference from hindsight than actually placing the trades! So next weeks progress will be of more use.

Using a combination of my signals, reading ordeflow on Jigsaw and JSS levels will hopefully get me on the right track and I'm looking forward to try and put this into action testing on a 50k TST combine.

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Here's a chart from today for info. As you can see the market moves between the levels pretty much spot on with the main volume today trading at the DIR and CR+ with a break up to UP. For info there was just over 300 lots of liquidity bang on the CR+ when price pulled back to the CR+.

I have the levels set to compact, but these can easily be changed to spread across the whole chart by a couple of clicks of the mouse. If anyone would like the flex levels CSV file let me know and I can share, you just need 2 variables set up that you also need to change each day for the alert distances and variable levels. You just need to cut and paste the JSS levels from their excel sheet into the CSV file and if required change the VAR and AD via variables on your chart which you can have buttons on your chart. Once set up, takes minutes.

For anyone celebrating, happy thanks givings.

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Here's on more pic showing the levels set up on Jigsaw, JSS recently changed the format of their input to Jigsaw and Jigsaw updated yesterday along with some other nice new features.

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Thanks Pete, I'm loving Jigsaw tools. I did have something that would be great if included in future JIgsaw revisions, I'll post it in the right section though.

Ps: Thanks for all the free quality video content on here, youtube and your own website - it's much appreciated.

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estonia
 
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MrChips, hows it going with JSS? any solid improvements in consintency?

Peter, are you using JSS yourself or trading off the market/volume profiles only? I mean levels and sentiment

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Thanks Pete, I'm loving Jigsaw tools. I did have something that would be great if included in future JIgsaw revisions, I'll post it in the right section though.

Ps: Thanks for all the free quality video content on here, youtube and your own website - it's much appreciated.


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sjegorov View Post
MrChips, hows it going with JSS? any solid improvements in consintency?

Peter, are you using JSS yourself or trading off the market/volume profiles only? I mean levels and sentiment

I don't use JSS - I'm pretty stuck in my ways as a trader and so I tend not to adopt new things.

In fact - I'm still using black and white screens...

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sjegorov View Post
MrChips, hows it going with JSS? any solid improvements in consintency?

Peter, are you using JSS yourself or trading off the market/volume profiles only? I mean levels and sentiment

Hi Sjegorov, I still haven't started using JSS live, intended to start last week but my son and wife were ill with a sickness virus and this week my wife is off on holiday so I'll be spending some quality time with the family. I'll start next week. I have been reviewing the levels at night, but as I've not been watching live haven't been able to tie in my full methodology combining my signals and watching the orderflow on Jigsaw.

However, I'm really looking forward to testing out on a 50k combine based on what I have seen so far. I will update once I start my combine. Cheers.

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I don't use JSS - I'm pretty stuck in my ways as a trader and so I tend not to adopt new things.

In fact - I'm still using black and white screens...

Thanks Peter, I will check this out.

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Just posting an update on my use. I will be continuing my subscription to JSS and found the levels and market context to be very useful. I have missed quite a few trades this week as currently finding it very difficult to find the time to trade. I'm finally happy with my methodology for execution and the use of JSS helps me to set my market expectations. The levels provide areas to pay attention to see how the market will react at them. When I look at my signals for entry I always try and think of reasons for it to fail before I place an order; the use of JSS levels and market context assists me to discount some of my entries along with reading the orderflow on Jigsaw DOM. JSS also really helps with your daily pre-market trade plan.

I use Investor RT and Jigsaw DOM, both of these are excellent and also essential for my style of trading. I now pretty much have a 3 tier approach to trading with the levels and market context given using JSS then I use volume analysis from my charts on IRT based on volume profile on a 6tick renko chart to look where to get in/out of a trade and identify near term support and resistance levels, then finally Jigsaw to execute my trades and read how the market orders/liquidity are reacting at the point of my intended trade location.

I have been working some time on my methodology without actually trading live, I still have quite a learning curve to go. So I just need to get some consistency and trade my plan.

Cheers.

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Mrchips View Post
I was supposed to start this week, but all my charts messed up when I tried to change to the front month, so have been trying to get them fixed. Finally came up with a solution today to get the JSS levels into IRT. I was previously importing them using user variables via a quote page, but probably something I did wrong in IRT when rolling over. Tried everything to get it working, but now use Flexlevels to import and this seems to work great. If anyone would like to know how to set up JSS flex levels in IRT, give me a shout.

Also, I have been working on my entry signals, which have changed a little for the better and includes the market auction and volume and I'm pretty pleased with them. I have been watching the levels from JSS and I'm looking forward to go live next week. I will post how I get on with them, but the levels seems spot on and having a market structure and context is extremely useful.

I'll post today's set ups after the close, some nice trades today had I been trading live... however, there's a difference from hindsight than actually placing the trades! So next weeks progress will be of more use.

Using a combination of my signals, reading ordeflow on Jigsaw and JSS levels will hopefully get me on the right track and I'm looking forward to try and put this into action testing on a 50k TST combine.

In trial period for JS Signals and using both Jigsaw and IRT. Need help in creating flex level file to import into IRT. Thanks,
Steve

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Hi Steve,

I'll send you a DM with what you need.

Cheers

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I've posted some files for anyone using IRT so that it is fairly easy to update the JSS levels daily from downloading from the JSS dashboard for anyone who subscribes to JSS and uses IRT.

See files attached - chart definition and flex files excel sheet. You will need to do the following:

1. Open the excel flex levels master excel sheet and save to suitable place locally on your computer.
2. To open the chart definition you will need to open the text file press alt A then alt C to copy. Go to file open on IRT and select definition and this should load up the chart.
3. On the chart, open up the flex levels and ensure that the file location matches where you saved the excel sheet.
Then this should get you today's levels.

I have set up variables for the variable distance and alert distance and these are at the top of the chart as buttons AD and VAR. You will need to amend this daily, simply select each one and update as required based on the JSS requirements for the day.

To change the levels daily, you will need to do the following (ensure 1st that you have JSS set to automatically save and update in excel format when you open the JSS dashboard and take note of where it is saved:

1. Open the JSS excel sheet and select and copy the numerical values from +C to -C (don't include the R level this is done manually)
2. Open the excel flex levels master sheet and paste the new values (I normally do a paste values only), then save.
3. Open your chart and open the flex levels. These don't update automatically, so select remote file then re-select local file and select apply at the bottom and the chart should update with the new values.
4. Click on the VAR button at the top of the chart and update if required based on JSS requirements and do the same for the AD.
5. Click the R button at the top of the chart and manually highlight the price for the R level. You might need to send to the front so that it shows up and then you are done.

For info, I have the VAR and AD V#s as V#30 and V#31.

If anyone uses this, let me know if it worked for you.

Cheers

Mark

Attached Files
Register to download File Type: csv FlexLevelsExport.csv (2.5 KB, 22 views)
Register to download File Type: txt JSS Flex Levels Template.txt (3.1 KB, 20 views)
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  #43 (permalink)
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I have the levels shown in the compact setting, but if you prefer the levels to be shown across the whole chart open up the chart and the flex levels settings and tick the override location and choose ALL and FULL from the drop down boxes.

The benefit of using the levels as flex levels is that if you draw any other lines etc on the chart and you want to delete them it doesn't effect the JSS levels. Also, when you roll over contracts there is no issue with the levels. I previously used a different method and couldn't get the levels to work once I rolled over the contract.

At the moment, I only trade CL and the flex levels are set up for CL. If you wanted to add any additional futures you would just need to amend the flex levels excel sheet symbol. If using more than one contract just cut and paste the whole lot below and change the symbol.

If using multiple symbols, you would need to have buttons at the top of the chart with different variables as each product will have a different AD (alert distance) and VAR (variable). You would require to amend the excel sheet to capture different V#s. I have not tried this, but the guys at IRT support (Chad and Shawn) are excellent and I'm sure they could help you with this. I can't recommend them enough as they have helped me so many times, especially with RTL programming and they go beyond the call of duty, so a special thanks to Chad and Shawn at IRT.

If anyone else is using JSS, let me know how you are getting on with it.

Cheers

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schicks View Post
In trial period for JS Signals and using both Jigsaw and IRT. Need help in creating flex level file to import into IRT. Thanks,
Steve

Did this work for you Steve?

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Mrchips View Post
Here's a chart from today for info. As you can see the market moves between the levels pretty much spot on with the main volume today trading at the DIR and CR+ with a break up to UP. For info there was just over 300 lots of liquidity bang on the CR+ when price pulled back to the CR+.

I have the levels set to compact, but these can easily be changed to spread across the whole chart by a couple of clicks of the mouse. If anyone would like the flex levels CSV file let me know and I can share, you just need 2 variables set up that you also need to change each day for the alert distances and variable levels. You just need to cut and paste the JSS levels from their excel sheet into the CSV file and if required change the VAR and AD via variables on your chart which you can have buttons on your chart. Once set up, takes minutes.

For anyone celebrating, happy thanks givings.

do you still use bookmap to look for liquity at the JS levels ...do they seem to line up and work well together...thanks for your hard work in this area

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Hi Forgiven,
*
The oil industry is slowly picking up again, it’s been a long downturn due to the price of crude and I’m currently back working as an Engineer on a 6 month contract so I haven’t been trading and didn’t get a chance to pull the trigger to trade live.* I will be looking to start up trading again in the future and I will certainly use JSS when I do. Timing on a personal level is just not possible as I was trying to trade from home with 2 young children and this was simply not possible, as they need your full attention if you are at home with them. Although not working in the oil industry allowed me to have a great time with my kids and I enjoyed every minute of it. But for now I’m back to the daily grind!
*
I stopped using bookmap and changed back to Jigsaw.* Both have their pro’s and con’s and there are some advantages to both, which one you use really will depend on your own preferences and style of trading. For me the major selling point on Jigsaw is that they have a fantastic DOM, which bookmap lacks. I found this useful for timing my entry, especially to avoid trading when momentum is against you (unless that momentum is based on a stop run, which is easy to see on both platforms).

In answer to your question, yes I would look at liquidity around the JSS levels but you have to take any liquidity offered on the DOM with a pinch of salt, as the majority of liquidity shown tends to be fake.* When large liquidity shows up on the DOM I like to see how the market reacts. I prefer not to blindly just front run liquidity for entry (although sometimes I would front run large liquidity on an exit if my target had been met or close to my goal or perhaps take some of my position off - you can always get back in if need be!).

When you see large liquidity offered on CL it is definitely worth keeping an eye on to see how the market will react. There is no set rules for what will happen when the price meets the liquidity and I am of the opinion that when other large traders see this they may use it as an opportunity to exit or enter a trade with minimal slippage.

As an example, say the price has been moving down and there is large liquidity offered, which has been sitting there for most of the trading session for everyone to see and appears to be real but as the price almost reaches the liquidity it is pulled a few ticks away. For some traders, it is like seeing a bank vault door been left open with a sign on it saying free money so they keep selling into this level expecting the arse to fall out the market as now it looks like the market orders will easily eat through the lack of liquidity offered and price will keep moving down. However, as the price meets the level where that large liquidity was originally offered you start seeing a lot of aggressive iceberg orders absorbing all the sell market orders and then large buy market orders start coming in, the sellers are now exhausted and sweating as the price starts moving against them and they are now trapped as they got in at the worst price. Price continues to go up and then you start seeing rapid momentum when the sellers stops get hit fuelling further advance in price.

You have to be wary of the many liquidity games that can be played out, but reading the DOM helped me to see these kind of events. The only problem when I first started looking at the DOM was that I started trying to trade every move and I had to realise that it is just one of many tools in your arsenal and mainly I used it for improving entries/exits allowing me to reduce my risk. Generally, I would know when I wanted to focus on the DOM based on other entry or exit criteria unless I saw specific events unfold like the above example. There’s a very fine balance that you need to find between all the tools and methods that you use.

What is more important around the JSS levels is to generally see high volume trading and where it is trading in relation to the current price, are the buyers or sellers accepting higher or lower prices? How is the the volume moving relative to recent activity. How is volume reacting to stop runs, etc.

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