Finally got a chance to watch your next two videos. Its interesting that you say you're not a support and resistance trader since this is the total opposite of what I look at! LOL
I find that watching the DOM for me was too hectic, and just knowing that all those standing orders are fake anyway turned me off of this. I can see how T&S could be a big thing though, especially when you filter out any trades that don't have at least a volume of 10 contracts, and just showing if the order is filled at the bid or ask since this somehow gives you an idea of it its a market order to buy or sell (I don't know much about this though so just stating a generality I've read).
I wonder if when you start to do some videos with live trades or replay if you could include your DOM window into the frame? I'd like to see what you're referring when you actually start getting a sense of which way the market is going (is it just because it appears that there are more orders to buy above the current price rather than more orders to buy below the current price???). Actually, I just realized that you can only do this when recording live trades since the DOM information isn't stored and hence can't be replayed. Its only T&S that can be replayed since these are the actual transactions that are recorded.
Anyway.. I look forward to your take on getting a sense of the market direction. This is the one thing that I'm lacking... the precise entry, and although I get the direction right, I find that unless I can get in just before it takes off, when price does go 2 points or 3 against me right after entry, I'm spooked or stopped out of the trade. So it seems like timing it better would make a world of difference.
I find that watching the DOM for me was too hectic, and just knowing that all those standing orders are fake anyway turned me off of this. I can see how T&S could be a big thing though, especially when you filter out any trades that don't have at least a volume of 10 contracts, and just showing if the order is filled at the bid or ask since this somehow gives you an idea of it its a market order to buy or sell (I don't know much about this though so just stating a generality I've read).
I wonder if when you start to do some videos with live trades or replay if you could include your DOM window into the frame? I'd like to see what you're referring when you actually start getting a sense of which way the market is going (is it just because it appears that there are more orders to buy above the current price rather than more orders to buy below the current price???). Actually, I just realized that you can only do this when recording live trades since the DOM information isn't stored and hence can't be replayed. Its only T&S that can be replayed since these are the actual transactions that are recorded.
Anyway.. I look forward to your take on getting a sense of the market direction. This is the one thing that I'm lacking... the precise entry, and although I get the direction right, I find that unless I can get in just before it takes off, when price does go 2 points or 3 against me right after entry, I'm spooked or stopped out of the trade. So it seems like timing it better would make a world of difference.
