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Jigsaw Trading's Peter Davies - Ask Me Anything (AMA)
Started:March 9th, 2013 (12:29 AM) by Big Mike Views / Replies:67,693 / 306
Last Reply:October 25th, 2016 (05:35 AM) Attachments:63

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

Old September 22nd, 2014, 09:59 AM   #111 (permalink)
Market Wizard
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haljordan View Post
boss, if you say so we will give OEC a pass :-). if they helped you out, they helped us out. thanks to them.

Regarding the screenshot, i have been very busy at work and haven't had a chance to actually pay much attention lately. I will try to share the screenshot as soon as i get a chance. apologies on that.
thanks for all your help and your time.

No worries - in your own time!

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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Old September 30th, 2014, 06:16 AM   #112 (permalink)
Trading for Fun
Oldenburg, Germany
 
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Hi Pete,

I also have one question regarding your way of analyzing order flow.
For example, if we have a long breakout, we wait for a retracement/pullback and trade the new long entry. How do you know how long a pullback is? I recently took a trade where the pullback had finished, the market went sideways for 1-2 minutes and then I entered long, but the market dropped again. Is it just analysis to see very early that the market is gonna fall again?

Thank you very much in advance.
Max

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Old October 1st, 2014, 04:42 AM   #113 (permalink)
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arroganzmaschine View Post
Hi Pete,

I also have one question regarding your way of analyzing order flow.
For example, if we have a long breakout, we wait for a retracement/pullback and trade the new long entry. How do you know how long a pullback is? I recently took a trade where the pullback had finished, the market went sideways for 1-2 minutes and then I entered long, but the market dropped again. Is it just analysis to see very early that the market is gonna fall again?

Thank you very much in advance.
Max

I look for 2 things

1 - Retrace to a "step" in the volume profile
2 - Measured move.

For measured moves, it's also what some people call "harmonics" - pull up a 600-900 tick chart on the ES and look at the pullback sizes. Let's say we move down and we make 8 tick pullbacks. As we move up again in the same day, I'll expect similar sized pullbacks.

I see the pullback size as just a measure of volatility - it's not perfect but it is as good as anything else I've ever seen.

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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Old October 1st, 2014, 05:17 AM   #114 (permalink)
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DionysusToast View Post
I look for 2 things

1 - Retrace to a "step" in the volume profile
2 - Measured move.

For measured moves, it's also what some people call "harmonics" - pull up a 600-900 tick chart on the ES and look at the pullback sizes. Let's say we move down and we make 8 tick pullbacks. As we move up again in the same day, I'll expect similar sized pullbacks.

I see the pullback size as just a measure of volatility - it's not perfect but it is as good as anything else I've ever seen.

Thanks Peter, that helps me very well. Will try this and post it in my journal.

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Old November 6th, 2014, 06:23 PM   #115 (permalink)
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Jigsaw

Futures Edge on FIO

Are you a NinjaTrader user?

 
ok..ok what is the best way to learn Jigsaw ... for beginners.
It's very tought at start to understand the conceipt of jigsaw but then what .. how to read the ladders.
What is one signle thing I can do to learn to read and understand Jigsaw. I have 2 hours I can sit a side each day for the next year or so. So how should I spend that time to learn jigsaw..

Please and thank you

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Old November 6th, 2014, 07:41 PM   #116 (permalink)
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lexxmd View Post
ok..ok what is the best way to learn Jigsaw ... for beginners.
It's very tought at start to understand the conceipt of jigsaw but then what .. how to read the ladders.
What is one signle thing I can do to learn to read and understand Jigsaw. I have 2 hours I can sit a side each day for the next year or so. So how should I spend that time to learn jigsaw..

Please and thank you

There are multiple order flow webinars from Pete on futures.io (formerly BMT)

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Old November 6th, 2014, 11:15 PM   #117 (permalink)
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lexxmd View Post
... I have 2 hours I can sit a side each day for the next year or so. So how should I spend that time to learn jigsaw...

Spend one hour each day watching one of Pete's excellent webinars on futures.io (formerly BMT) and on his site.

Spend the second hour watching the Jigsaw tools on a live market following the guidelines in Pete's beginner videos - ie watching one thing at a time at first.

Rinse and repeat... You should only need a few weeks if you do commit such valuable time.

Richard
Hong Kong
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Old November 7th, 2014, 12:13 AM   #118 (permalink)
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lexxmd View Post
ok..ok what is the best way to learn Jigsaw ... for beginners.
It's very tought at start to understand the conceipt of jigsaw but then what .. how to read the ladders.
What is one signle thing I can do to learn to read and understand Jigsaw. I have 2 hours I can sit a side each day for the next year or so. So how should I spend that time to learn jigsaw..

Please and thank you

This video shows the "first steps" and why they are the first steps.



This isn't just for Jigsaw but for any order flow tools too in my opinion.

Just this, nothing else, that's all.

Lot's of people see this, ignore it and just try to use it live trading without really taking time to learn it first. The most extreme case was someone that got the tools, lost a lot of money trying to use them live and contacted me for a refund. All in a 3 hour period.

Follow the above and you should improve each day. Look to have made major strides within 10 hours.

But that's not 10 hours in one day - just 1 or 2 hours a day is enough as it's hard to maintain focus initially.

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

Last edited by DionysusToast; November 7th, 2014 at 12:19 AM.
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Old November 29th, 2014, 03:36 PM   #119 (permalink)
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lexxmd View Post
ok..ok what is the best way to learn Jigsaw ... for beginners.
It's very tought at start to understand the conceipt of jigsaw but then what .. how to read the ladders.
What is one signle thing I can do to learn to read and understand Jigsaw. I have 2 hours I can sit a side each day for the next year or so. So how should I spend that time to learn jigsaw..

Please and thank you

I would extremely recommend SIM trading with the Jigsaw tools.
Unlike (reportedly) majority, I am not a visual type at all. I am more a kinesthetic and auditory-digital type (if you are familiar with NLP personalities) so watching the DOM "only" showed me something but I was not able to find out what it was. Being in a trade let me have a more "palpable" experience and helped me immensely.

My two cents.

Successful trading.

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Old December 2nd, 2014, 09:08 AM   #120 (permalink)
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Pete Chat Scedule?


Just bought Jigwaw tools over Thanksgiving. So, just getting everything setup.
Saw Dec. 01, Pete was in Chat room. Looked like he logged out @10:00 EST.
QUESTION: Does Pete have a set chat room schedule?

Thanks,

Bushwacker

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