[dsalas]

HEllo Guys, i wanted to know if someone can help me up understanding how to read the DOM for ES or ZN, mostly ES. I have been trying myself but i cannot keep up with the pace, is too fast... IS there any resource you can recommend me or something you can help me with, I know the basics but not too much

thanks

[Tams]

Originally Posted by dsalas »

HEllo Guys,...
I know the basics but not too much

thanks

can you tell us the basics you know?

[bathrobe]

The dom is heavily manipulated with fake bids/offers but if you can learn to read the prints (actual filled orders) you can pinpoint entries and catch large moves in their infancy. Also the market is moved by limit bid/limit offer orders not orders in the queue.

The prints will be somewhere on your dom, on x_trader it is to the right and ninja it is in the middle

[dsalas]

Hello guys,I just know that when the total number of the last 5 bid prices in the ladder greater than the last 5 offer prices in the ladder,market could go up,also that a lot of games are played in the ladder,and that the market tends to seek value,not much really reading dom ,that's why I ask.bathrobe can u explain more on how to read the prints ... Please,thanks so much

I appreciate your help

Daniel

[BlowFish]

Originally Posted by bathrobe »

The dom is heavily manipulated with fake bids/offers but if you can learn to read the prints (actual filled orders) you can pinpoint entries and catch large moves in their infancy. Also the market is moved by limit bid/limit offer orders not orders in the queue.

The prints will be somewhere on your dom, on x_trader it is to the right and ninja it is in the middle

Limit orders are orders in the queue i guess you mean market orders?

[UrmaBlume]

We are among the beta testers of tradestation 9.0 whose new data providers/objects allow you to access any data stream from any code module/indicator including all 10 bids and asked volumes/DOM programatically in Easy Language.

[bathrobe]

blowfish, yes but on my platform if I place a market order it will get filled very far away. I always enter at bid/offer and always get that price, I always give up a tick on entry in the ES.

dsalas, I am by no means an expert as it takes some getting used to but it is done by having a level first and then watching the prints as price approaches that level.

I countertrend trade the es so I am looking for bids/offers that print to increase dramatically in size at levels or very close to them.
I would recommend you look elsewhere to trade successfully because many orders are filled in 2 lots over a range of prices by algos.

[dsalas]

Bathrobe, what do exactly look at? If prints are at te offer and you are looking for support?for example....this is what I need to know exactly ,can u guys help me out a bit

Thanks

Daniel