DOM/T&S...
A couple of comments. When the market is running, DOM may in fact be sampling the actual action. If you monitor IB, have you ever noticed that all changes on the depth are simultaneous, it is because it is sampling the actual DOM.
The DOM is before the fact, it tells you how quickly an approaching depth change is coming. The T&S is the recording of what happened. Is it hyper??? Unequivocably, YES! The distinction to note is that their is a small subset of those changes which are actionable. It is alot tougher for sure. I mechanically dabble in this stuff from time to time, only because I know what is what on the DOM. I am paying the price, so to speak, to work out the subset of changes that are actionable, for the threads benefit of course...
If you're sweeping, it is as EASY mentions that you only look at the DOM when sweeping has given the go to MONITOR DOM. It is important to keep off the DOM unless the pictures you have regarding the DOM are rock solid. Admittedly, I do things a bit backwards, I think about what is what in order to identify the picture, then overlay the preconcieved picture with the RT picture.
It took me quite a while to work out the STR.NEUT.SQU pictures. But now it's a no turning back awakening. When I interned at Brookhaven National Laboratory, we would work out the equations, then detail the expectation, then do the experiment to see if the results verified the expectation. The reason was largely so that we could belief the accuracy of the physics concepts... It was absolutely mind blowing to find trajectories of particles and collection of particles following the details of expections so precisely.
In this case T&S is precise and accurate. It states exactly what and where price changes occured. Describing what to do with T&S is another lengthy post. I find most T&S incomplete, but that's just me...
MAK!
A couple of comments. When the market is running, DOM may in fact be sampling the actual action. If you monitor IB, have you ever noticed that all changes on the depth are simultaneous, it is because it is sampling the actual DOM.
The DOM is before the fact, it tells you how quickly an approaching depth change is coming. The T&S is the recording of what happened. Is it hyper??? Unequivocably, YES! The distinction to note is that their is a small subset of those changes which are actionable. It is alot tougher for sure. I mechanically dabble in this stuff from time to time, only because I know what is what on the DOM. I am paying the price, so to speak, to work out the subset of changes that are actionable, for the threads benefit of course...
If you're sweeping, it is as EASY mentions that you only look at the DOM when sweeping has given the go to MONITOR DOM. It is important to keep off the DOM unless the pictures you have regarding the DOM are rock solid. Admittedly, I do things a bit backwards, I think about what is what in order to identify the picture, then overlay the preconcieved picture with the RT picture.
It took me quite a while to work out the STR.NEUT.SQU pictures. But now it's a no turning back awakening. When I interned at Brookhaven National Laboratory, we would work out the equations, then detail the expectation, then do the experiment to see if the results verified the expectation. The reason was largely so that we could belief the accuracy of the physics concepts... It was absolutely mind blowing to find trajectories of particles and collection of particles following the details of expections so precisely.
In this case T&S is precise and accurate. It states exactly what and where price changes occured. Describing what to do with T&S is another lengthy post. I find most T&S incomplete, but that's just me...
MAK!
