Experienced futures scalpers: Chart or DOM
- Thread starter NoDoji
- Start date
? Doesn't everybody have that?
maybe not on the computer, but if you are watching it, in your head.
I'm all for using the computer for what it was named for, namely computing. I don't need it to tell me what I already can see,
getting back to opies question, me personally, as a 1 to 3 tick es scalper, I would never enter on a chart. One tick is a huge big deal in that game. And it at times happens fast, I don't want to miss it by even a tick on the chart because I was moving the little pointer.
You asked, I answered, carry on, just one man's (who is glad he never has to scalp again) opinion.
DOM patterns are of paramount importance to all short term traders. I use it all the time. I developed indicators in Ninja which plot the stuff you mentioned. I started a thread a while back on the subject: http://www.elitetrader.com/vb/showthread.php?s=&threadid=103293
Essentially DOM patterns act as both filters when to skip the trade or when to press on a gas. They can be applied to what ever system you are using.
horrible for sleeping and not always good for the bank account, lol.
You are one funny character, Oldtimer. If these 8 tick, rarely lose chart reading savant types would just realize how ridiculous they sound to anyone who understands market reality, they would soon vanish from the site. Good catch! surf
If these writer/marketer types would just realize how ridiculous they sound to professional futures scalpers who've been extracting considerable profit from the market for years, they would...they would...they would...nah, they'd NEVER vanish from the site
Brother Surf, how could a gentleman such as yourself who puts on a YM trade with a 1000 point target believe that claims of taking 8 ticks profit on an ES trade is far beyond market reality?
