If you are going to trade you really ought to know when news is being released. My favorite news release site is Forex factory (even though I do not trade forex).
https://www.dailyfx.com/calendar
I trade the 6E futures contract and this one site seems to be all I need. It is a lot better...
How is that going to help you trade? Seems like it would be overwhelming to me. You would be far better off in my opinion to KNOW when major news is being released and trade the reaction to that news.
That is not an operational carrier; it is undergoing sea trials in that picture. Notice the lack of rust, notice the lack of seamen and aircraft. Just a test drive.
Serious question? Where can I find some sort of acrylic desk piece that has the dollar and euro crossed in it? I think it would be a great reminder of what I am trading.
DocPMD,
I suggest you consider adding order flow to your price action trading methodology. If you concentrate on one futures market and stick with it you will begin to see things more clearly.
Take a look at this (it's free)...
Unfortunately I am not currently a member of any professional society. I am currently paying close to 800/mo with a 5k deductible for an ACA plan (single). Seems like if it is 1000 for a family plan it would be cheaper for a single in some group plan.
I would suggest you NOT join topsteptrader until you have worked out your problems trading a simple (cheap) paper trading account. You could start fairly cheaply with a free version of Ninjatrader and https://www.marketreplaydata.com/ it would cost you 7 dollars per month for replay data...
I am wondering if anyone knows of a group traders can join in order to qualify for group health insurance rates? I had to sign up with an ACA plan this year because all the health insurance companies in my area pulled out of the individual policy market. I literally can not buy a policy from a...
First thing you should do is stop trading. You need to open a paper trading account to develop your skills. If you can't be profitable in a paper trading account then there is no reason to attempt trading live.
When/if you ever are profitable in a paper account then I would suggest you sign up...
I wrote that it was simple; not easy. It takes a huge investment of time to understand which is probably why "everyone" isn't using it. I only mentioned using the DOM in response to the thread title "What else is there than price and time to analyze?"
If you are interested in how using order...
That explains why I see market orders hitting iceberg orders every day. I always wondered why traders would hit a limit order that keeps refreshing. :banghead: Time and sales is just half of it; you have to look at the DOM as well. It takes quite a bit of time to understand orderflow trading...
Volume profile is simply volume at price. In my trading it seems to be much more useful than market profile or looking at volume on the bottom of a chart.
I use the DOM along with the time and sales. It is more intuitive than anything else. I specifically look at the 3 to 4 levels closest to...
I don't find myself trading more often than I did previously. At first the change threw me off a little bit(nobody likes change). Now that I have grown accustomed to it I like the smaller tick size.
Volume at price (Volume profile) is useful. Depending on your trading timeframe the DOM is very useful particularly the three to four levels closest to price. Keeping track of the pulling/stacking of orders can give you an idea of the very short term direction.
I suggest this http://www.jigsawtrading.com/learn-to-trade/free-order-flow-analysis-lessons/
It is free.
Learning how to read the order flow is not easy and it will require a lot of screen time. I am not suggesting you purchase anything but it is a good place to start. You are about to start...
Level 2 is very useful as algofy stated. It is one of the key things I look at while trading however I focus on the immediate 4 to 5 levels. In my opinion the flashing of large order size 10 to 15 levels away from price are algos messing with other algos.