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https://www.tradingview.com/wiki/Depth_Of_Market_(DOM) aka orderbook aka level 2 aka ladder...

Yes, but you could also use your price ladder with only Level 1 data/ inside quote.

The market on your screen, and you sitting hour after hour in front of it.

To get a feel for the market, to get clues what is happening. I have 4 major information components for my trading: DOM, chart, TnS and news service/ squawk. All have their place, each of these sources of information might give you the right clue in the right moment. Why would you want to miss...

Through google search, yes. But I will try again and search directly in the Sierra forum.

Lightspeed Trading. I think they are excellent for stocktraders. And with Robert Morse on board, you cannot go wrong.

Hi Robert, good idea, I will do that too. But some practical experience, insight from other traders here might be also very helpful. Any additional input is welcome :)

Hi all, I am a very happy user of Sierra Chart with CQG data (CQG FIX). For me, this is the best platform/data combo I have ever used. Excellent speed and reliability, I like it even more than TT. But now I want to switch the majority of my trading to another broker/FCM, and they told me that...

Exactly ! Why should a daytrader/ scalper care if the market is soaring or crashing ? For the very shortterm traders like me, the equity markets these days are just perfect. Best opportunities since the February VIX spike. So many (countless !) fast moves for several points in the NQ, minute...

I agree 100%. This is also how many of the 80s/ 90s pit traders played this game... come there in the morning, make a few ticks with big size, then go home and enjoy the day. https://www.elitetrader.com/et/threads/pabst-questions-regarding-pit-trading.71503/...

@ElectricSavant ES, you need a daily loss limit. I would also use a profit target. Thats how I do it. This should help you to achieve a smoother equitiy curve, more consistency. The way you trade now, with your daily results, you can still finish this profitable, for sure. But the swings are...

Good decision, make a few ticks and then go and enjoy your life. Get really consistent with this, so you can size up. With 20 contracts or more, this is good money. Average a few ticks a day, limit your working hours, know when to stop for the day, slowly increase your clip size... thats a good...

To me, most of the stuff in the Market Wizard books was useless. Entertaining, but no added value to my trading when I was a beginner. But the Tom Baldwin interview is gold, you should just copy the few pages with his interview, throw the rest of the book away and read the Baldwin stuff again...

None of them are daytraders ? Maybe you should re-read the Tom Baldwin interview in the first Market Wizard book ...

Trade frequency in mini futures is usually much lower than in the full contracts. Sometimes there might be no trade for several minutes. If you look at the LAST PRICE for such an instrument, there might be a huge divergence from the price of the regular contract, because the the last price for...

work less... 20 hours is a bit over the top

The money that goes into your pocket comes from the pocket of somebody else. That is all I say.

The intention, ideas, feelings and emotions do not matter. For a given futures position, if the long holder is in profit, his gains come from the shorts of the counterparty. 1-1 = 0. Plain and simple.

Futures are a zero-sum market. Nothing is created out of nowhere. What you win must come from somewhere. And in the financial markets in general, there is a shift, a transfer in wealth going on all the time. I did not call it stealing. But it is a huge, global game. And in such a game, there are...

CoolRiverJoe already showed that he can keep this up... from time to time. He is already around since last year, doing exactly the same all the time. Scalping for 1 tick usually in the ZN, sometimes 2-4 ticks. With a position size of 4-10 contracts most of the time. There was no upscaling in...