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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:67,610 / 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 November 12th, 2013, 05:51 PM   #31 (permalink)
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Xav1029 View Post
Well its the same principle as CD, but more like Level II Delta. The numbers do get big(I had a working cumulative level II delta tool coded up, but it was a resource hog), but they scale VERY close to PA. I actually like when the numbers got big, because they quit looking so jumpy on a cumulative chart. Another idea could be time based accumulation,,,say the past N-minutes. This is just something I had been experimenting with, but could not got lean code.


Code guys conversing.... I feel dizzy

cheers to you both


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Old November 17th, 2013, 01:07 AM   #32 (permalink)
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DionysusToast View Post
I think it's a good concept but I'm not sure how you'd present it or which number to accumulate.

This meter is very 'whippy'. On a move down it'll be mostly red, then you'll see it fo aggressively blue - and of course that doesn't guarantee a tick up but it will often preceed a move.

So it goes mostly blue - then ticks up. Right after that tick up, it'll be neutral, then in an aggressive move it'll bounce back up on the blue side, then tick up. It repeats this cycle - tick up, go neutral, go blue, tick up, go neutral, go blue.

You could turn it into OHLC bars as it does have an open, high and close value but then you'll get one bar per tick.

For cumulative, you could just accumulate the closing value I guess. The one issue with this would be scaling because after 10 ticks up you'd have a fairly hefty number in there. Then on the first aggressive tick down, whilst you'd have a decent number there, it'd show as a fairly minor blip on a graphically represented form unless you used a weighted average or something.

Hi Peter, first of all, thank you very much for Jigsaw and more importantly for the manual/documentation that comes along with it. If I hadn't bought your software and read the manual, I would be far behind in my trading than I am right now.

I saw this question and your answer and I thought I might have something to contribute here. I dont use Jigsaw anymore (reasons that have nothing to do with the awesomeness of the product) so I do not know much about the swing meter and this post might be completely irrelevant therefore. But I am hoping it would help.

I came to a similar conclusion after watching the D&S on Jigsaw that if somehow the "Iceberg factor" (for lack of a better expression) could be accumulated on a "rolling" basis, it might be helpful to gauge where the "factor" turns in favor of either the continuation of a move during a pullback or a reversal. Also, for me, it had to be visual rather than numerical.

I am a programmer myself and I use TradeStation so since I had easy access via its API to the cumulative delta, I programmed my own version of the "Iceberg factor" and it looks something like this. This is yesterday's CL 500 volume chart and although I dont trade like this, I drew the developing support/resistance lines based on prior swing points to demonstrate my point.

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It is really helpful for thinner markets like CL especially on rotational/range bound days like yesterday. I compute the cumulative delta on a rolling basis and when its rate of increase/decrease goes over a user specified threshold, display a dot identifying more than normal buy orders lifting offers in an upmove and vice-versa suggesting an accumulation or absorption of orders. When this happens at prior swing points or touches of trend lines in a move, it could be a useful tool as a confirmation for entry.

Just my 2 cents. I hope I understood the context of the conversation here correctly.

Thanks.

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Old November 17th, 2013, 11:02 AM   #33 (permalink)
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iNeo View Post
Hi Peter, first of all, thank you very much for Jigsaw and more importantly for the manual/documentation that comes along with it. If I hadn't bought your software and read the manual, I would be far behind in my trading than I am right now.

Thanks.


One more vote for my brotha's at Jigsaw...

One of my favorite trades is trading the retest of an area. - the "second mouse gets the cheese" concept.

I had observed that exhaustion 5 and 15 minute bars were often retested at some point up the wick
before a leg reversal, forming double tops or "tweezer" formations. This trade works best at SR price seams,
of course, but I never knew WHY.... Also, where to place the limit order was guess work and a constant
source of frustration to see a PB come within 2 or 3 ticks of my order, only to hammer back and fly off without
me. (The beauty of this trade - almost instantly in the green)

Now, with the Jigsaw DOM's volume profile bit, I can see exactly where to place the order. It's simply supply
and demand. Price will typically retest where the supply drops off after a volume "spike" or "cliff"

I used to think these pull backs were random. Not anymore.

I will never trade without Volume Profile and Order Flow again.

Trading a pure naked chart without volume / order flow cues is gambling at best.

Scalping the bounces off these areas is actually quite easy now. The only thing in question, 75% of the time, is how far will it bounce, 4 ticks or 40 ...


-___________________________________

... and did I mention the Jigsaw support ? - stellar ..


grazie, Pete and the gang...


AJ
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"Life On The Edge of SR"
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Old November 18th, 2013, 10:58 AM   #34 (permalink)
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tderrick View Post
One more vote for my brotha's at Jigsaw...

One of my favorite trades is trading the retest of an area. - the "second mouse gets the cheese" concept.

I had observed that exhaustion 5 and 15 minute bars were often retested at some point up the wick
before a leg reversal, forming double tops or "tweezer" formations. This trade works best at SR price seams,
of course, but I never knew WHY.... Also, where to place the limit order was guess work and a constant
source of frustration to see a PB come within 2 or 3 ticks of my order, only to hammer back and fly off without
me. (The beauty of this trade - almost instantly in the green)

...........

Scalping the bounces off these areas is actually quite easy now. The only thing in question, 75% of the time, is how far will it bounce, 4 ticks or 40 ...
-___________________________________

... and did I mention the Jigsaw support ? - stellar ..

grazie, Pete and the gang...



Hi tderrick,
Thanks for your observation. Of cause all the knots very visible at Jigsaw DOM.. Perhaps I did not understood you correctly, but perhaps its easier to see such levels at footprint. What do you think?
Perhaps you have some specific examples of exhaustion 5 and 15 minute bars for some instruments, of cause...

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Old November 18th, 2013, 08:15 PM   #35 (permalink)
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bisecom View Post
Hi tderrick,
Thanks for your observation. Of cause all the knots very visible at Jigsaw DOM.. Perhaps I did not understood you correctly, but perhaps its easier to see such levels at footprint. What do you think?
Perhaps you have some specific examples of exhaustion 5 and 15 minute bars for some instruments, of cause...


Sure ... I'll look for some classic examples over the next few days to post up


AJ
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Old December 8th, 2013, 02:46 AM   #36 (permalink)
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I have been a huge fan of Jigsaw and could not trade without it, not to mention how good Peter is in terms of support,webinars, etc..

Now with regards with Cumulative delta, I have to admit I have never seen the use of it other than at extreme times (I.e, huge delta on one side with a price not moving or going the opposite way), and I must say I can't quite see how a delta between Buy/Sell when there is just as many buyers as sellers on each side can be representative if anything but an aggressive stance from one side or another at a given level. Adding the fact that by comparing Buy and Sell we are comparing 2 different prices, I can't get my head round to making much sense of this, but would love to hear more about it if some of you can use CD to their advantage.





LogicalTrader View Post
Hi Peter, first of all, thank you very much for Jigsaw and more importantly for the manual/documentation that comes along with it. If I hadn't bought your software and read the manual, I would be far behind in my trading than I am right now.

I saw this question and your answer and I thought I might have something to contribute here. I dont use Jigsaw anymore (reasons that have nothing to do with the awesomeness of the product) so I do not know much about the swing meter and this post might be completely irrelevant therefore. But I am hoping it would help.

I came to a similar conclusion after watching the D&S on Jigsaw that if somehow the "Iceberg factor" (for lack of a better expression) could be accumulated on a "rolling" basis, it might be helpful to gauge where the "factor" turns in favor of either the continuation of a move during a pullback or a reversal. Also, for me, it had to be visual rather than numerical.

I am a programmer myself and I use TradeStation so since I had easy access via its API to the cumulative delta, I programmed my own version of the "Iceberg factor" and it looks something like this. This is yesterday's CL 500 volume chart and although I dont trade like this, I drew the developing support/resistance lines based on prior swing points to demonstrate my point.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


It is really helpful for thinner markets like CL especially on rotational/range bound days like yesterday. I compute the cumulative delta on a rolling basis and when its rate of increase/decrease goes over a user specified threshold, display a dot identifying more than normal buy orders lifting offers in an upmove and vice-versa suggesting an accumulation or absorption of orders. When this happens at prior swing points or touches of trend lines in a move, it could be a useful tool as a confirmation for entry.

Just my 2 cents. I hope I understood the context of the conversation here correctly.

Thanks.


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Old December 8th, 2013, 11:26 AM   #37 (permalink)
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dom64 View Post
I have been a huge fan of Jigsaw and could not trade without it, not to mention how good Peter is in terms of support,webinars, etc..

Now with regards with Cumulative delta, I have to admit I have never seen the use of it other than at extreme times (I.e, huge delta on one side with a price not moving or going the opposite way), and I must say I can't quite see how a delta between Buy/Sell when there is just as many buyers as sellers on each side can be representative if anything but an aggressive stance from one side or another at a given level. Adding the fact that by comparing Buy and Sell we are comparing 2 different prices, I can't get my head round to making much sense of this, but would love to hear more about it if some of you can use CD to their advantage.

Big fan of Jigsaw myself. Learnt a lot from the software and documentation. I will never forget what the sheep do

Not sure if this is the right forum to discuss my take on the usage of cumulative delta so I would just point you to a page in my journal which comes closest to discussing in more detail what I was talking about. This post discusses the theory that later materialized into the dots plotting on my chart: https://futures.io/trading-journals/28431-logical-trading-journal-9.html#post366390

Thanks.

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Old May 9th, 2014, 01:06 PM   #38 (permalink)
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There will be a Live AMA session on Wednesday, May 28th @ 12:00 PM ET.

- Quick and casual, 30 minute cap
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- Floor will be opened immediately to questions
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This AMA is for Jigsaw Trading, you can ask Peter any questions about trading in general or his products/services. Jigsaw Trading is a futures.io (formerly BMT) site sponsor and this AMA may contain discussion of his products or services.

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Old May 28th, 2014, 11:53 AM   #39 (permalink)
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Reminder for today's AMA. Link is in post above.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
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Old May 28th, 2014, 01:04 PM   #40 (permalink)
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Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
     

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