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strtedat22

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Posts posted by strtedat22

  1. Posted

    Well said, don't waste your time on DOM, focus on T and S or trade with price and volume, which is the same as T and S with a different graphical representation. Also as reported by some other OEC customers they have had major problems lately and appear to suffer from a lack of redundancy.

     

    i agree on the last sentence. I just thought it was my system that was acting up until they sent me a message regarding the server issue. i swing so i wasnt caught while in a position. but i make a nice penny today 3-12-2008 when i shorted the daile R1 :cool:

     

    Thanks for the input everyone

  2. Posted

    Greeting fellow traders,

     

    Open E Cry has been the best thing since slide bread. Just wanted to tell everyone that ;) For the past few months now ive been studying the DOM. I believe i have a firm grasp on it but im still having a hard time deciphering it. I know the DOM is different from the tape that TS provides but TS blows and never going back to them. Whats the big difference between the two? I love the DOM but the tape provided by TS has its perks.

     

    Thanks,

    strtedat22

  3. Posted

    Thanks,

     

    Im a swing trader=hold time: a couple of hours to a few days no more than a week. I make my entry on a 3 minute time frame. I only use DOM, Pivot Points, and RSI. Whats a recommended TICK number for my style of trading?

     

    Thanks,

    strtedat22

     

    I'll scalp if the above conditions are met along with swing trading.

  4. Posted

    Thanks,

     

    Im a swing trader=hold time: a couple of hours to a few days no more than a week. I make my entry on a 3 minute time frame. I only use DOM, Pivot Points, and RSI. Whats a recommended TICK number for my style of trading?

     

    Thanks,

    strtedat22

  6. Posted

    yup

     

    saw that many times too

     

    guess u just cant trust the DOM

     

    also OEC trader has iceberg feature

     

    hope they will add T&S on the next upgrade

     

    how does the iceberg help this situation...i now have OEC

  9. Posted

    Ticks charts take the time equation out of the picture. A 610 tick on the ES mini S&P covering the overnight globex session may have between a few to maybe a dozen price bars - the timeframe being twice as long as the day session itself. Then during the day session there is generally 200-400 bars.

     

    since it takes the time out of the equation how is it an edge over a person using candles???:confused:

     

    Thanks for the other replies guys/girls

  17. Posted

    Same here on trading the YM. But you need to be able to trade the ES or some other index to hedge worst case scenario. ES most closely mimics the YM movement with every 10 YM points equaling about 1 ES point.

     

    If Tradestations platform or your connection to the net goes down you can still call in a exit order though you get hit with I believe a $20 fee.

     

    If the ecbot goes down thats effects all brokers and you will be trapped in your position till the ecbot comes back up. You cannot call an exit in and are left to hedge or pay the piper should it move against you. :crap:

     

    Ill keep that in mind...so ill study both then. with the base platform being waved each 10 roundtrips, is the DOM the same as the tape for equities?

  18. Posted

    Yes and no.

     

    The platform is free if you do 10 round trips per month, otherwise its $100 a month.

     

    The ecbot data with market depth is free for the time being, dunno if that will change or not...hope not. ;)

     

    You may want opra, nyse and some other data add ons depending on what internals or added things you want to look at.

     

    You are going into a heavily leveraged instrument and the ecbot can and has gone down a handful of times this year. You should have a hedging plan in case you are in a trade and the ecbot craps out. If you decide to set that up you will need to pay for data for the ES for example.

     

    thanks mcichiko,

     

    im only dealing with the YM for the time being...i wanna study that one first before i jump into the ES...I heard the CBOT does go down from time to time...is it tradestations fault or CBOT's fault? how can i close out a position if im in it if the CBOT goes down? :doh:

     

    thanks

  19. Posted

    hello,

     

    im diving in to the world of futures you guys. im tired of stocks. QQQQ have been really nice to be but now its time for me to move on to futures. i dont use any indicators. just S/R and trendlines. tape and volume is all i need. is the BASE PLATFORM FEE and CBOT EXCHANGE and CBOT MARKET DEPTH all i need for my type of trading style? im going through tradestation.

     

    thanks.

  20. Posted

    Are you referring to the Value High and Value Low of the day? See VAH and VAL.

     

    Both of these are Market Profile terms, and to be honest to understand them it would be a great idea to read some of the introductory posts you will find here at the Market Profile forum. Very educational indeed and well worth the time spent.

     

    In brief, the value high and low are plotted around a central price referred to as the Point of Control (POC), which is the price that traded most frequently during the day according to time at price. The POC is the longest line of TPOs on the Market Profile chart. The VAH and VAL are plotted so as to contain 70%, or thereabouts, of the day's trading, again as measured in number of TPOs.

     

    thanks mister ed...ill look up those terms on the site.

  22. Posted

    Im not sure if I follow 100% because of the lingo but stepping off the bid/ask is something that can be spotted on the price ladder or level 2. You might see a big size holding the bid a few levels down and then all of a sudden he steps away.

     

    For example, on the Nikkei futures each bid/ask is about 400-500 contracts. Once in a while you will see 1000+ contracts at the bid/ask a couple levels above/below the current market price. If the trader is holding the bid 2 levels down and steps off, this indicates he is sensing price to drop lower and loses interest in buying. Usually you will see price drop. Vice versa for the ask.

     

    Lets say the markets is tanking rapidly. You may also see the bid getting extremely thin and ppl just stepping off it. There is no buying interest there and no support. Price will continue to drop until the first wave of short covering comes in. Short covering can be spotted easily as they do not hold the bid but send a market order. So you will see price jump a level rapidly. This is the case for financial instruments in which the bid/ask is thick and one big trader can take out the bid/ask.

     

    thanks soul for that reply. ill have another question real soon once i dentify the buyer at certain level.

  24. Posted

    hello all,

     

    what type of strategy can be used for QQQQ. my setups are similiar to soultrader but for individual stocks. Pivot Points, tape, support/resistance level of previous day. will this work for QQQQ?

     

    Thanks

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