Scalping_My Way with ACV

I havent used Ninja or traded YM in a while, but didnt they reduce its depth when it went to CME? If not just look at the code and add more rows.

Personally in my trading I have found reading people like Dustin/Stealth and using basic tools works better for me.

Enjoy the journey.....
 
I have checked the DOM prints on Ninja, and I feel not that comfortable to really even eyeball the ACV on Ninja. The prints are way less than what I can get on openecry platform. While I may use the template and the ration on NT,I had caution those using the free zenfire feed to be extra cautious. Rather, if you have to take the ratio as a serious filter for trade, look at something like openecry, which cost a mere 25$ for a simulation version. I got burnet eyeballing Ninja's ACV stuff a couple of times.

A friend of mine seems to have a good time trading solely on ACV, booking over 120 pts on DAX on friday's nfp no on 8 lots. But he is using DOM on Tradestation and just cruising with a little bit of eyeballing. Of course 1 need to do forward testing on a chosen platform to really take the 2:1 ratio seriously and have blind faith in this thing.
 
Does the TS DOM show ACV across the full depth on each side? I didn't realize that it has that as an option.

From my experience with NT with ZF feed versus the TS DOM, the data coming through NT w/ZF is much faster and more accurate.
 
It would be helpful that we find a liveroom, and choose a pair like ES or NQ or DAX to compare our results, and maybe try and trade the VSTscalper 2:1 ratio. If any1 is interested, we could look at using the Othernet server on MIRC and creating a room there.
 
The DOM does not show the true depth of market. The market depth is detected only by paying attention to the prints. In my trading, I focus on the trades taking place at "significant" levels. If I see price moving down, while hitting a small amount of bids, I determine that there is no buyer at that level (prices are rejected). When I start to see prices slow down, and see a higher number of bids being hit, I infer that there is a buyer who sees "value" in this level. This is usually a good place to bid for a long. On the other hand, if prices are moving up, I look to see how many contracts are being lifted. If I see prices going up through a small amount of offers, I wait until I see a slowing of momentum in upward price movement, yet with consistent lifting of offers (the market chasers). This of course is the time to sell the long position, and go short. Of course, reading the tape must be accompanied by a reasonable awareness of key market areas (ie market profile).
 
Quote from dcraig:

I have been looking into this for a little while and I am in no doubt that the DOM behavior called ACV is quite real on stock index futures. It is not nearly so pronounced on CME FX futures (Why ?). I too would like to understand what is going on here. I suspect that some of the order book volume is not for directional trades and this is one factor.

Anyway, attached is a 1min chart of some of todays ESTX50 session that illustrates the DOM behavior. The second from bottom candlestick plot is derived from the ratio of total contracts at the ask at all five levels to total contracts (bid and ask) in the DOM. It is shown as an OHLC series.

Because the data is so noisy, a second (blue line) plot shows a smoothed representation. The plot is generated by applying John Ehlers finite impulse response filter to a series of (H+L+C)/3 of the ratio outlined above. The FIR is probably a better smoother than SMA for this and certainly better than an EMA which has too much 'memory'.

I have found this to be a very usefull way to look at the DOM.
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An electronic exchange, like Globex is an order matching mechanism, it reads order imbalance and goes where the most orders are, so if you are exchange member and have access to all order information it allows you to front run the price and stay ahead of the orders coming in and manage the price to provide an organized market.
 
Quote from lanewc:

An electronic exchange, like Globex is an order matching mechanism, it reads order imbalance and goes where the most orders are, so if you are exchange member and have access to all order information it allows you to front run the price and stay ahead of the orders coming in and manage the price to provide an organized market.
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Very interesting.

Any way to get hold of ths order information as a non exchange member??
Thanks!
 
Quote from Charly:

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Very interesting.

Any way to get hold of ths order information as a non exchange member??
Thanks!
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I would liken it to being able to buy your way into heaven, It is expensive just to get through the gates. The closer you want to get to God the more it costs, but as you make your way, you hear less reference to money and more about tradition,... allegiance,...trust. Then you reach the inner sanctum, the doors are closed, this is reserved for the twelve, you will not be allowed here, but if you could hear their conversation, money would no longer be mentioned, they would be discussing Purpose, and what is that purpose.....? To manage the Universe..... Now,... outside the gates are the masses clambering to get in, they don't have the price of admission, their only option is to become one of the Devil's minions (a Hacker?) and find a back door, of course this is risky and temporary and we all know what happens to that old Devil in the end....!
 
I don't really understand any of this type of trading, is this not like that bloody NASDAQ level 2? Used that a few years back, its horrendous
 
wwatson1 said:
I don't really understand any of this type of trading, is this not like that bloody NASDAQ level 2? Used that a few years back, its horrendous
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So you just read 24 pages and that's all you were able to take away from this thread? Suggest you go read again.
 
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