Spydertrader's Jack Hershey Futures Trading Journal
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I'll take a shot at the first two.
If I am completely wrong, you'll get a good laugh at it.
Tums,
I'd hoped someone else would have commented on this by now. (edit: Tiki just beat me
) Matching up the static DOM with the chart snip you posted, without T&S is guesswork at best. Unless the purpose is bouncing off walls and noting areas with heavy stops.Keep in mind my comments are from very limited experience watching the DOM.
A1 - has less orders on the best ask so that would be eaten through first IF orders hitting both side are the same. The levels shift and Bask is several times the Bbid so anticipate a bounce and heading south.
B1 - Bbid just went to 0 so we tick down a pair, if the ask doesn't backfill it ticks back up. Unless market orders continue to hit and eat up the new Bbid/wall and move through it. Ask has a lot of orders, but not quite a wall, sitting a few ticks up but that's not in play yet. So anticipating a bounce up.
C1 - Most all the orders are on the ask levels, Bbid is the minority side so it looks like it's heading south, if it goes up there are several walls and most likely will bounce.
D1 - Minority on the Bbid but pretty close so continue current direction & watch T&S. If it heads up the wall may or may not still be there. Path of least resistance is down.
The A2 - D2 are just reverses.
One thing that has been confusing is the two views on how the DOM operates. Minority control vs. Market moves to size (side with larger accumulated orders). I have seen examples of both of these happen. So that would indicate these things are in play at different times.
Also had the unfortunate experience of what I thought was a change point, watching the DOM go to 0, entering, and right after the market starts running to size - the other direction. Something was missed there in the analysis.
Maybe someone with more DOM experience could clear this up some.
- EZ
Could someone explain how wash trades are done with rockets?
I get the entry, and have read up on a ton of easyrider posts, but don't exactly get how to wash these trades. Is it "if it doesn't move with me for x seconds/minutes, exit/reverse" or what?
Also, I must say the people who "get it" have been tremendously helpful here. Thanks a ton.
I get the entry, and have read up on a ton of easyrider posts, but don't exactly get how to wash these trades. Is it "if it doesn't move with me for x seconds/minutes, exit/reverse" or what?
Also, I must say the people who "get it" have been tremendously helpful here. Thanks a ton.
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