Recent content by bigsnack

Infinity and Ninja. The detail on ninja is lacking severely but I’ve acclimated to it.

The naked eye can pick up nuances and differences in how the level I data is flowing into the market. It’s a combination of pace, active volume (market orders), absorption of market orders (limit orders) and reactive orders (what comes in after large market orders come in). In addition to...

I disagree. You can use the DOM for more than just scalping for one tick. I find it much easier to see changes in market behavior watching a ladder than a chart.

The simplest advice I could give if you are determined to trade is to never open a chart, and just study the level I and II data on the DOM. I genuinely believe that is the quickest path to being profitable, at least in the futures market. Good luck!

You can start by looking at trade time stamps down to the millisecond. It’s pretty easy from there, good luck!

If the herd is wrong a lot of the time, then find a way to ID when the herd has entered the market and trade against them. If certain conditions support trading with the herd, then isolate those conditions and trade with the herd when those conditions are present.

You could dig into parsing and analyzing order flow data (both limit and market orders), and just maybe you would find an answer! It's a Very good question, I am a believer that there is underlying orderflow data that usually leads to certain patterns on a price chart.

How useful can that really be, when large orders are almost always broken up into smaller blocks? That seems like a very limited view of what's happening as a whole.

Couldn't volume represent participants that might also be wrong? Meaning, instead of assuming that large players are always right, could we use that information to try and see when those people are not right?

The first 30 minutes of the day make a lot more sense if you consider it a continuation of what was happening just before bell during the previous day. Think about it...

Trading is simple, you either do it or you don't. You already know your shortcomings with your trades, it's not like there is an unknown element and you are trying to figure it out. You either execute or you donate and kick yourself. The ego finds it easier to break rules and be proven wrong...

I believe there is an edge to watching order flow and level 1 data. Moves down that are likely to retrace have a different look to them from an order flow perspective. It takes practice to lock those differences down, but they are there. Similarly as the market is going up, you can watch the...

ES likes to rally from certain windows of time, say after 7:05 PST or just after 8:00 PST. Usually if the open price or just below it is going to hold, you will get a swing above the open and an open retest first. There are high percentage times of the day to look for a early selloff fade...

I would definitely agree. Even if the bulls manage a retest or a small break of the high, I think we get pounded afterwards...

I think we are gonna sell hard this afternoon, good luck!