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@Redneck Haha. I thought you have found your path of melancholy, but instead you are still here with the rats & their race. What a surprise! Nevertheless, welcome back buddy.

Opportunity is a non-mathematical term for risk & reward.

Years have passed since the 1st day, I'd perused this forum, so as a courtesy cuz I don't frequent this forum anymore for a long while, I reply why risk mgmt is trumping everything. It's very logical & common sense. 1) No one can have correct entry at all time. There will be a bad entry some...

@Andrea Wylan His thread was started in Risk Management so there must be a reason.

@tiddlywinks No, I don't mean DOM, I mean this ... https://www.sierrachart.com/index.php?page=doc/StudiesReference.php&ID=375#Market_Depth_Historical_Graph but thanks for the reply.

@tiddlywinks, Just a curious question since u said u have been using SC for 15yrs, def longer than me. Do u use market depth to trade?

That was proven by some Monte Carlo Excel prog written during the ancient PC age that in order to win in 50/50 chance (true uncertainty), it's required to have at least 1.6 R/R including commissions. I have that program b4 (don't know where it is now) and ran that a long time ago just to see it...

Buy when market buys & sell when market sells. That’s the obvious. Of course being obvious does not mean it’s easy to implement because there will be even more questions being asked. And tradings are much easier than teaching people to trade, except frauds who found teaching people to trade is...

You can't help him unless u have to do it first then show him how to do it. And even that, there is no guarantee that he would be successful as u are. But there is hope that he sees an example & keep trying. (That's exactly what I'm doing.)

Sierra Chart with Denali Exchange Data Feed.

Howard, Take a look into this video to see how much info you have neglected. Don't mind the guy talking, he's just blah blah w/o really understanding why flashing bars (market depth of resting orders at many levels) doing something sometimes & sometimes doing other things. SC, Bookmap Jigsaw etc...

I used market depth (resting orders in many levels) very extensively but have no use for TS.

If you are good, sooner or later you will find out the deficiency of DOM tradings and why majority of DOM traders end up selling something. Likewise footprint sellers.

That's right Howard. There isn't any damn thing those add on vendors did and SC couldn't do and does it even more for a damn cheap $25 a month. Now if you know how to program C++ then it's even sweeter. The whole market depth scene will open even wider.

I mainly scalp in CL w/ 5 ticks stop & my trades are very fast (around 1-2min) & target predetermined. I currently start to work to embed my runner w/ my scalper & all my tools are still at the scalper level (10s). We are completely at different views hence my set ups might not fit w/ your...

Howard. Sorry, I meant your longer intraday swings like average time between trades & hold time.

How long is long?

If you are looking for the whole deal of order flow analysis, there are tools available from Sierra Chart (I'm using it & I heard that Jigsaw also has substantial chunks) and you have to assemble them to make it works. Information about market depth is available here & there on the web. You just...

Your logic is really bad. You confluent whether a man is a fraud and your effort to duplicate someone's method into one messy subject. If you cannot gasp they are 2 different distinct issues, well, I just leave it here.

Order flow is definitely more than just the DOM, bid/ask volume footprint & whatever indicators coming from those good looking blocks. I've seen those nice selling uTube videos & none of them really touch the true stuffs behind the scene. Maybe they don't know or maybe I don't know whether they...