Es Dom

[Mr_Black]

Quote from JangoFolly:

Someone might sell 1,000 contracts, but as long as there is someone there who is happy to buy, it's not going to move the market in a significant way. The bottom line is that large size doesn't necessarily equate to an imbalance in supply and demand. [/B]

nice post

 

[joemiami]

increasenow, i agree with your take on reading the DOM.
Plus the way that thing just slivers up n down like a caterpillar on crystal meth...it plays with my mind....makes me nervous for some reason. I stopped using it, and now just concentrate on price, volume, mult time frame charts(put in orders from chart too), and so now I trade in a more calm mental state with much less emotion. NO DOM FOR ME...

PS ...... still gotta take my Lexapro anti anxiety pill though...

 

[Mr_Black]

the way for dom reading is to know balance side and imbalance side

 

[Mr_Black]

This is how Dom works

 

[sk8erboy]

Also remember that there's a lot of iseberg orders, so you'll never know the complete picture

 

[good one]

Quote from Mr_Black:

this is my dom setup on NT

Very cool Mr Black, was always wanting to see what people had done with that build your own order book thing the ninja guys posted. looks interesting. Nice explanation in the other graphics too.

Just add to add, if your just starting with the tape/dom start with YM instead of ES.

 

[Mr_Black]

Complete Dom stuff

 

[bbqbbq]

Quote from sk8erboy:

Also remember that there's a lot of iseberg orders, so you'll never know the complete picture

if i trade 2 contracts a day, should i send my order as iceberg and what will it show??

do you know if $6 a round-turn is cheap?

 

[sk8erboy]

Quote from bbqbbq:

if i trade 2 contracts a day, should i send my order as iceberg and what will it show??

do you know if $6 a round-turn is cheap?

Yeah, but what if you trade 500 lots at a time as an institution?

 

[Mr_Black]

this is it....