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.

brownsfan019

DOM games

Recommended Posts

Here's an old thread on ET that some might be interested in. Take a look at Cazza La Randa's post on page 266. Link: http://www.elitetrader.com/vb/showthread.php?s=&threadid=76297&perpage=6&highlight=using%20dom&pagenumber=266

 

I need pictures and this makes sense to me. This would be much easier on the YM or ER2 DOM's though in my opinion. The ES is so thick that I'm not sure how many you would want to see at a level to consider it big. Seeing 600+ at ONE level on the ER2 (see ET thread) stands out big time.

 

I would be interested to see this is action in real-time. I've yet to find anything that explains it in real-time. Right now curiosity has the best of me. The only thing I have found from a different thread on ET, is mention of http://www.viperspeedtrader.com/. I have no desire to dive into a brand new thing, but for anyone interested, there's some stuff out there.

 

I have never used viperspeedtrader.com, so please do your own due diligence before purchasing anything.

Share this post


Link to post
Share on other sites

Its interesting they mention Ninja on that site. I've been poking around with the demo and it really seems like it will become a powerhouse in the future. For programming they have just extended C# for trading so you have all the C# learning resources available to learn. It said on the forum they will be opening up access to the super DOM, once that happens Ninja would seem like the logical choice for this kind of analysis. Certainly would be much easier than neoticker or that crazy guy in the elite thread that rolled his own with open source java charts.

Share this post


Link to post
Share on other sites

Allow me to play devil's advocate with myself - I would also suggest that with the amount of games being played on the DOM, you do the OPPOSITE of what the dom is 'telling' you.

 

Again, just an idea here, so do your own homework. It just seems in the limited times that I've noticed the bids or asks heavily outweighing each other that price will move AWAY from these potential large bids/asks. Part of the reason is that many of them end up getting pulled before any possible realization of being filled.

 

So think about it... if you had the ability to trade large amounts of contracts and could play these little games, you could easily manipulate how people read and react to them by putting on and pulling your offers quickly.

 

One reason why I like this idea over trying to read the real bids/asks vs. fakes is that more often than not, when you are going off the dom and with the large bids/asks, you are going against the short term trend. Doing the opposite of these puts you in with the current intermediate trend some of the time.

 

Just some food for thought. ;)

Share this post


Link to post
Share on other sites

Here is what I do on EuroStoxx to find out if there are good or fake BIDs/ASKs on depth I use Depth with Tape. I take in consideration only inside quote, I don't pay much attention beyond them, or already proved good BID/ASK a few minutes ago if the price is continue to stay in short-term box (usually 2-5 ticks on Stoxx). Lets say we want to see if it is a good 1000 bids at particular price, if there is big selling pressure (many sales with good volume) on this price, but bids are still there, didnt decrease dramatically in size, the people add new bids in place of already filled, the bids are real, and they support market very well (the tape is all red but we move nowhere) and the price could go upward a little after this, usually it takes several times to get through these bids. Fake Bid or Ask dont show up on inside quote if the pressure is in their way.

Share this post


Link to post
Share on other sites
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

Share this post


Link to post
Share on other sites
Can somebody explain with clarity why does price gravitate towards size and does this unfold on a consistent basis, if so than surely it is the making of a holy grail;)

It does not gravitate towards a big BID/ASK. Ive seen just as many times it run away from a big BID/ASK. Its not that easy.

Share this post


Link to post
Share on other sites
Have you noticed, tho, that when there is a huge amount of offer-side pressure in the dom that often times it's taken out and then price ramps up? That just happened....must've been 15k cars sitting in the top 4 slots on the offer and then they vanished. Price was at 51.25 and right when those all vanished price jumped to 52.50 within 2 minutes. Now, it's not a HUUUUGE jump in price, but still, 5 ticks can make ya some ka-ching.

 

Thats what I mean exactly. Pulled.

Share this post


Link to post
Share on other sites
Well, there we go - for 40 bucks you can master the DOM from a guy that claims he's selling the same system that pro's use.
cheap enough eh? why don't you get it and let us know how it goes??

Share this post


Link to post
Share on other sites

how much is it? no prices are posted there for the webinar??? i just know he deals with the issues this thread raises. might be a decent site. might want to google his name and see what you find out????

Share this post


Link to post
Share on other sites
how much is it? no prices are posted there for the webinar??? i just know he deals with the issues this thread raises. might be a decent site. might want to google his name and see what you find out????

 

The guy has his email on his site. I've been emailing him back and forth and he seems like a very cool, nice and honest guy. No BS.:)

 

Email him for price. I wont put it hear because its not on his site so maybe he wanted it not seen for a reason. I'll respect that. I will tell you thou it seems like a really good deal. month long webinar, real trades and ask questions to a guy with experience. We will see.:)

Share this post


Link to post
Share on other sites
The guy has his email on his site. I've been emailing him back and forth and he seems like a very cool, nice and honest guy. No BS.:)

 

Email him for price. I wont put it hear because its not on his site so maybe he wanted it not seen for a reason. I'll respect that. I will tell you thou it seems like a really good deal. month long webinar, real trades and ask questions to a guy with experience. We will see.:)

Ok after one month let us know how it went. Seems like I read somewhere that you should buy the basic course first before doing the webinar???? You might want to look into that.

Share this post


Link to post
Share on other sites
cheap enough eh? why don't you get it and let us know how it goes??

 

how much is it? no prices are posted there for the webinar??? i just know he deals with the issues this thread raises. might be a decent site. might want to google his name and see what you find out????

 

Ok after one month let us know how it went. Seems like I read somewhere that you should buy the basic course first before doing the webinar???? You might want to look into that.

 

 

Do you own the manual of the site you are promoting????

 

Have you posted your review of the site and process??????

 

At what point are question marks too many???????

Share this post


Link to post
Share on other sites

You must have bought the manual and it didn't work for you or why else are you so antagonistic to the mention of someones website that may deal with the issues this thread is about??????????????

 

I am not promoting the website. I just mentioned it as a place that looks like it deals with the issues raised so why don't you cool it Mr obnoxious!!!!!!!!!!!!!!!!:frustrated:

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

    • Date: 29th March 2024. GBPUSD Analysis: The Pound Trades Higher But For How Long? The global Stocks Markets are closed due to Easter Friday (Good Friday). The NASDAQ continued to follow the sideways trend while other indices again rose. The SNP500 reaches an all-time high, but the NASDAQ remains under pressure from Tesla, Meta and Apple. The Euro continues to trade lower against all major currencies including the US Dollar, Euro and Japanese Yen. The British Pound is the best performing currency during this morning’s Asian session. However, investors are largely fixing their attention on this afternoon’s Core PCE Price Index. GBPUSD – The Pound Trades Higher but For How Long? The GBPUSD is slightly higher than the day’s open and is primary due to the Pound’s strong performance. At the moment, the British Pound is increasing in value against all major currencies. However, the US Dollar Index is also trading 0.10% higher and for this reason there is a slight conflict here. If investors wish to avoid this conflict, the EURUSD is a better option. This is because, the Euro depreciating against the whole currency market avoiding the “tug-of-war” scenario. The GBPUSD is trading slightly lower than the 2-month’s average price and is trading at 49.10 on the RSI. For this reason, the price of the exchange is at a “neutral” level and is signalling neither a buy nor a sell. The day’s price action and future signals are possibly likely to be triggered by this afternoon’s Core PCE Price Index. Analysts expect the Core PCE Price Index to read 0.3% which is slightly lower than the previous month but will result in the annual figure remaining at 2.85%. The PCE rate is different to the inflation rate and the Fed aims for a rate between 1.5% to 2.00%. Therefore, even if the annual rate remains at 2.85%, as analysts expect, it would be too high for the Fed. If the rate increases, even if only slightly, the US Dollar can again renew bullish momentum and the stock market can come under pressure. This includes the SNP500. Investors are focused on the publication of data on the UK’s gross domestic product (GDP) for the last quarter of 2023: the quarterly figures decreased by 0.3%, and 0.2% over the past 12-months. This confirms the state of a shallow recession and the need for stimulation. The data, combined with a cooling labor market and a steady decline in inflation, increase the likelihood that the Bank of England will soon begin interest rate cuts. In the latest meeting the Bank of England representatives did not see any members vote for a hike. USA500 – The SNP500 Rises to New Highs, But Cannot Hold Onto Gains! The price of the SNP500 rises to an all-time high, before correcting 0.33% and ending the day slightly lower than the open price. Nonetheless, the index performs better than the NASDAQ which came under pressure from Tesla, Meta and Apple which hold a higher weight compared to the SNP500. For the SNP500, these 3 stocks hold a weight of 9.25%, whereas the 3 stocks make up 14.63% of the NASDAQ. The SNP500 is also supported by ExxonMobil’s gains due to higher energy prices. The market will remain closed on Friday due to Easter. However, the market will reopen on Monday for the US and investors can expect high volatility. Investors will also need to take into consideration how the PCE Price Index and the changed value of the US Dollar is likely to affect the stock market next week. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • MT4 is good and will be good until their parent company keep updating the software, later mt4 users will have to switch to mt5.
    • $SOUN SoundHound AI stock at 5.91 support area , see https://stockconsultant.com/?SOUN
    • $ELEV Elevation Oncology stock bull flag breakout watch , see https://stockconsultant.com/?ELEV
    • $AVDX AvidXchange stock narrow range breakout watch above 13.32 , see https://stockconsultant.com/?AVDX
×
×
  • Create New...

Important Information

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