|
Quote: |
|
 |
|
|
Very interesting post Brownsfan. I'm reading Schwager's The New Market Wizards and what you describe sounds familiar to something I read there but I don't remember the specifics. Right now with my trading I'm getting to a point where I'm starting to pay more attention to the DOM. On the YM sometimes there are orders over 100 and those orders stand out. I like to see those orders on my side of the trade, but since I don't have enough experience watching how these big orders play out I'm not willing to trade off of them unless there is another reason for the trade. |
|
|
|
|
Abe,
I suggest you study and study some more on how to use this in your trading, if at all. In my casual glances at it, as I've suggested in this thread, there's so many games being played that trying to use that info to trade off of is dangerous in my opinion. Again, I have not done nearly as much research on this as other things, so there could be some good stuff there. Let us know what you find out, if anything, about trading with the dom #'s.
FYI - what could be of help to you is the OEC dom. They have a total bid/ask thing in the settings where the dom will constantly add up the bids and the asks that you see at the bottom. It's interesting to watch, but it fluctuates so much that I didn't get much from it.