What good is the DOM?

[jack hershey]

Quote from Paddler:

Ain't the above contradictory, Jack? Stationed vs moving.


your blue is clearer. It can haapen on non round numbers as well (not as frequently.



Can you understand what you wrote here, Jack? I am one of the many whom are not smart enough to read your mind.

I edited what I wrote poorly.

The gish was that, at times. smart big money pulls trades. Then they ease out of a postion using partials that do not build a wall in one place.




TIA

 

[yiehom]

Read the whole thread. I know of a system that preaches just the contrary of that acv system, that is to trade with the biggest side. Now, I think going one side or another is egal, depending on the timing

Quote from yiehom:

Going to check that right away.
Thanks

 

[RedDuke]

Quote from yiehom:

Read the whole thread. I know of a system that preaches just the contrary of that acv system, that is to trade with the biggest side. Now, I think going one side or another is egal, depending on the timing

That's exactly why I started that thread. More often than not, the price gravitates to size.

 

[yiehom]

When playing large numbers, I have breakouts on mind. They happen at the same zones, obvious supports and resistances. Since I know great majority of them fail, I presume that more often that not the large number will stop the prevailing trend and reverse. The advantage with the dom is that you can watch it play in real time and the guess part of the job is lessened: you see when say the bears step in and don't have to wait for a pin bar to close or the rsi to cross below 70, which can be dozens of ticks too late and you should already be trailing your stop to BE.
Main problem is the speed of action at those zones, you don't get the leisure to hesitate, or you will miss the trade. But you also very often have a second chance to enter.

Quote from RedDuke:

That's exactly why I started that thread. More often than not, the price gravitates to size.

 

[RedDuke]

Quote from yiehom:

....
Main problem is the speed of action at those zones, you don't get the leisure to hesitate, or you will miss the trade. But you also very often have a second chance to enter.

Exactly why I coded and display DOM pattern visually on a chart. Automating it is another game all together.

 

[Paddler]

Quote from jack hershey:

....
the velocity of the T&S is less than the velocity of adding and pulling with respect to walls.

For trending, the velocity of the T&S is greater than the velocity of the adds and pulls. so the market moves or migrates in a dominant sentiment direction.
....

Thanks for the earlier reply, Jack.

Last question. How can one monitor and compare the velocity of the T&S and the velocity of the adds and pulls? It doesn't seem possible.

TIA.

 

[yiehom]

Agree with the impossible automation part. I guess that is why we are here.
What did you code that doesn't show on a dom?

Quote from RedDuke:

Exactly why I coded and display DOM pattern visually on a chart. Automating it is another game all together.

 

[athlonmank8]

Quote from NoDoji:

I've also been curious about this for a long time. Sometimes these huge orders disappear as soon as price comes near; sometimes they're real and price still tends to run right through even after the absorption of the entire order.

Either manipulation or legitimate orders. But they're targeted because they have to be. Meals for the hungry.