The 1 ES Point REALITY

Quote from RedDuke:

Of course, and it varies for each market. I only take a trade when all 4 align. I learned a lot from people like Jack, spyder and several others.
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how exactly do you use DOM?..thanks
 
Quote from increasenow:

does it really work as the "only" indicator?...thanks
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If you ask about CCI, then yes it does. The reason why I use at all is to smoth price action. Just looking at candles can be a bit confusing.
 
Quote from dalaialama:

Wow Jack.. and how much money did you make Friday again?

I must have missed it the first time :p


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amzing insight shared...seriously
 
Quote from increasenow:

how exactly do you use DOM?..thanks
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The way I use it is I watch the number of contracts being traded at the current price. Are they hitting the bid more or hitting the ask more? Watch the number of contracts offered above and below the current price. If there is a large number at a certain level what happens when the price gets there? Do they take fills or do they scatter?

I watch those things and I watch candle patterns on a 5 minute chart and keep an eye on the volume.
 
Quote from Bingoking:

The way I use it is I watch the number of contracts being traded at the current price. Are they hitting the bid more or hitting the ask more? Watch the number of contracts offered above and below the current price. If there is a large number at a certain level what happens when the price gets there? Do they take fills or do they scatter?

I watch those things and I watch candle patterns on a 5 minute chart and keep an eye on the volume.
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thanks...do you then go "all in" short or long at that moment?
 
There are several live trading webinars on IB's website conducted by pros (I'm not) that explain this much better than I could. Works for me. Hope that helps.

Best to get in with a limit order.
 
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