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  1. 1

    Let's learn/discuss how to read the DOM and Time and Sales

    Well we're on to new highs but my question stands.
  2. 1

    Let's learn/discuss how to read the DOM and Time and Sales

    Here's that level on a 10,000 volume chart.
  3. 1

    Let's learn/discuss how to read the DOM and Time and Sales

    The ES just made a HH at 1563.73 (currently the high of day but that may change). Here are some TaS screenshots from that time period. What clues are here that suggest 1563.75 will be a turning point and that price will not continue to go up despite there being limit orders above that price?
  4. 1

    Let's learn/discuss how to read the DOM and Time and Sales

    I do not use DOM or TaS in my trading. It's something I would like to learn more about, though.
  5. 1

    Let's learn/discuss how to read the DOM and Time and Sales

    Ok let's make it easier by using an image: The ES is currently trading at 1553.75. There are 785 contracts waiting to be traded at this level. Why does price go away from this level before that 785 becomes a 0?
  6. 1

    Let's learn/discuss how to read the DOM and Time and Sales

    Well this is a basic thread for beginners to DOM and TaS like me so I think it was an appropriate question. How come when the big 100+ orders come in that yellow section never says 100? I've never really seen it get over 10, and usually it's below 5. The fact that it happened to say 10 in...
  7. 1

    Let's learn/discuss how to read the DOM and Time and Sales

    Question: what is the number highlighted in the yellow row which is a 10 in this chart? Is that the number of contracts filled in the last trade?
  8. 1

    Let's learn/discuss how to read the DOM and Time and Sales

    Does anyone know what it means when some of the rows are highlighted in the TaS? You can see examples in some of the TaS images I attached.
  9. 1

    Let's learn/discuss how to read the DOM and Time and Sales

    After that there was another huge blast of orders filled at the bid at 12:33:45 but I'm not attaching an image for that one because you get the idea.
  10. 1

    Let's learn/discuss how to read the DOM and Time and Sales

    All those orders were filled at the bid. There were a bunch more orders a few seconds later that were filled at the ask:
  11. 1

    Let's learn/discuss how to read the DOM and Time and Sales

    The first time I saw a ton of orders all at once, price had been going up for a little bit and I thought "it'd be nice if this were a top" (resistance). Cuz supposedly all the big guys put all their orders at S and R places. So I watched as the orders poured in and the TaS scrolled down...
  12. 1

    Let's learn/discuss how to read the DOM and Time and Sales

    Time and Sales: I have set a filter to only show trades on the ES of 10 contracts or larger. I chose this size because there were tons of 1-5 contract trades and I figure those were just the small traders. I would occasionally see ones between 10-50 and very rarely 50-100+, so I figured 10...
  13. 1

    Let's learn/discuss how to read the DOM and Time and Sales

    Many "gurus" will say "watch the DOM for hours and suddenly you will learn, young grasshopper," implying that they have some secret knowledge and you don't. They may even PM you and offer you a "special rate" on their stupid training programs that have never produced a profitable trader...
  14. 1

    My profitable daytrading journal is back! ("The only way to trade with Fibonaccis")

    Short 1 ES @ 1545.50 (this was supposed to be 1545.75 but I clicked the wrong level on the chart) Short 3 ES @ 1546.25 Short 5 ES @ 1546.75 Target profit: 1543.75 Stop loss: 1548.50 Target profit hit.
  15. 1

    Using volume to predict direction

    lcranston = nodoji?
  16. 1

    Using volume to predict direction

    My current style of trading has nothing to do with volume, though, so this is kinda new to me. Would you mind posting a chart of that?
  17. 1

    Using volume to predict direction

    Cool, yes, thank you for mentioning that. I found that study in my charting program but I had no idea what I was looking at. I have three different cumulative delta studies: Cumulative Delta Bars - Ticks Cumulative Delta Bars - Up/Down Tick Volume Cumulative Delta Bars - Volume...
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    Using volume to predict direction

    As opposed to this?
  19. 1

    Using volume to predict direction

    So you are saying price hitting resistance with high volume on the first hit of support and low volume on the second, it is likely to be a double top where price goes back down (as opposed to not being a double top at all)? So like this:
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