Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Z2TT

DOM reading tips?

Recommended Posts

Hi All.

I'm reaching out to see if anybody here reads or uses the DOM to use as an indicator after they see a trade they want to enter.

When a entry is found that meets my rules, I want to get some tips to be able to have a look at the DOM to see if there may be a high likelihood of getting stopped out or not.

Keep in mind - I'm not staring at the DOM all day, I use it as an extra layer of confirmation.

If I'm going short, I'd like to see buyers on the bid not be too heavy, otherwise they could spike the price up and tick me out.  I also want to see a decent amount of sellers on the offer, who will act in my favour
and provide some sort of resistance to keep me in the trade.

If anybody could provide me some additional information I would much appreciate it, perhaps how you go about it, or even certain conditions on the DOM that may indicate a "No trade Zone" or be a signal to not take that trade
even if you see a setup that is tradeable.

Thanks.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Open a new futures brokerage account by August 31st with a NinjaTrader Lifetime license & receive: Commission-Free Micro trading in September $50 margins on Micros Access to the most powerful version of NinjaTrader Free platform upgrades for life! Simply open & fund your new account in August with as little as $400 & purchase a Lifetime license. You will then receive a rebate for commissions on all Micro futures trades placed from September 1st – September 30th.* Open Futures Account A NinjaTrader Lifetime license provide access to all premium features including Chart Trader, OCO orders, Order Flow +, and more. * Program Requirements: Account must be funded by August 31st, 2020 with $400 minimum A new NinjaTrader Lifetime license ($1099) must be purchased by August 31st, 2020 Standard exchange, NFA and routing fees still apply A commission rebate will be applied to the account holder’s balance for all September Micro trades 2nd accounts for current NinjaTrader Brokerage account owners not eligible for rebates Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. View Full Risk Disclosure.
    • $EVOK Evoke Pharma stock strong close with a breakout watch above 3.93 , see https://stockconsultant.com/?EVOK
    • $DG Dollar General stock strong close with a breakout above 193.55 , see https://stockconsultant.com/?DG
    • $INUV Inuvo stock with a narrow range breakout watch above 0.647, volume 92% above normal , see https://stockconsultant.com/?INUV
    • $CMRX Chimerix stock with a nice setup and move higher off 3.22 triple support area, from Stocks To Watch , see https://stockconsultant.com/?CMRX
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.