1 ES trade(daytrade) and get 1-3 points

increasenow · Dec 18, 2007

thanks...wow!

cd23 · Dec 19, 2007

Quote from increasenow:

Thanks Mr. Hershey...anychance to break this down to 'mear human talk'...

Sure, put up a snapshot of your computer display which shows the ES chart (you chose the fractal) and the DOM (with a wall showing preferably).

Is that too much to ask??

hypostomus · Dec 20, 2007

Thanks, Seedy. I'll let you test it. I'll stick to no-brainer NQ trades.

increasenow · Dec 20, 2007

Quote from cd23:

Sure, put up a snapshot of your computer display which shows the ES chart (you chose the fractal) and the DOM (with a wall showing preferably).

Is that too much to ask??

sir...breakthough the opionion that the DOM is deceiving...please...many have said they are 'false orders' or actually orders to get out of positions not indication of sentiments...this is huge...the DOM could be a scam...please ellaborate

Cocaine · Dec 20, 2007

of course its deceiving, its not meant for you to look at it on the surface and know what to do. Use your head a little.

Quote from increasenow:

sir...breakthough the opionion that the DOM is deceiving...please...many have said they are 'false orders' or actually orders to get out of positions not indication of sentiments...this is huge...the DOM could be a scam...please ellaborate

Steve Tvardek · Dec 20, 2007

Personally, I use the DOM and it works for me. I dont focus on bids/offers, I focus on the tempo with which bids/offers are moving up and down. Given the proper context, its movement makes good sense to me.

Think of a defensive end in football, trying to time the cadence of the quarterback. If hes too soon, he'll be offsides, if he's late, chances are he'll miss making a play. But if he learns the rhythm of the QB, he can get a quick move off the line for a sack. Same thing with the DOM, learn its rhythm and you can jump in right before the mkt makes a move.

Quote from increasenow:

sir...breakthough the opionion that the DOM is deceiving...please...many have said they are 'false orders' or actually orders to get out of positions not indication of sentiments...this is huge...the DOM could be a scam...please ellaborate

increasenow · Dec 20, 2007

can you use DOM on the YM?

increasenow · Dec 20, 2007

using DOM for the ES or YM is assuming that those that placed the orders are 'experts' in knowing where the market is going...not so good, could be 'joe newbie' out there and totally wrong...not so good...

Steve Tvardek · Dec 20, 2007

Whoa, you sound like the one assuming that the DOM is ONLY used to see placed orders. I told you specifically that I dont use it for such and find the DOM very valuable. Ebb and flow of price action is seen here, in its purest form.

Quote from increasenow:

using DOM for the ES or YM is assuming that those that placed the orders are 'experts' in knowing where the market is going...not so good, could be 'joe newbie' out there and totally wrong...not so good...

fearless9 · Dec 20, 2007

Quote from Steve Tvardek:

Whoa, you sound like the one assuming that the DOM is ONLY used to see placed orders. I told you specifically that I dont use it for such and find the DOM very valuable. Ebb and flow of price action is seen here, in its purest form.

Hi ST,

You are very skilled if you can put the DOM to work to your advantage.
I put a lot of time into it at one stage and in the end gave it away as it was pulling me away from watching price action.

I must be getting old.

regards
f9