A fine ETer pointed me to the depth of market ladder view and possibility of trading with it, and pointed me to no bs day trading on youtube for discussions of it. Example:
Fascinating stuff, especially what he says about the true traders at prop firms and what not not really looking at charts but all using the DOM ladders.
I'm curious what everyone thinks. I'm not sure I've seen using to DOM to trade really discussed to any significant extent. He doesnt say he never uses charts or that they can never work, but he seems pretty critical of their predictive capability.
As a side question, its fascinating to hear the games tbe big players play trying to make other players "puke out". Sell hard into the bid, keep pressing price down, start getting past the support and hitting the stop orders, which triggers more sales, sales compound and at this point the persons who started the whole thing start covering and buying at the much reduced price lol.
My question on this front - he makes it sound like 90% plus of the volume in the markets are big players playing games like this - he talks about these same games in the several videos I watched. I guess I had always envisioned almost the opposite - like 90% of the volume was from persons that did not have the power to or were not otherwise inclined to play these games - mutual funds just trying to invest their holders money, retail, etc., and that the remaining 10% were these big players trying to play these games, and maybe trying to make money around these large mutual fund type investors by trying to get in front of them, for example.
What do yall think is closest to the truth? Does it vary among markets? I would think it would have to. I suppose to the extent the markets are in essence controlled by these huge game players who use their giant size to move the markets in their favor it would make it that much harder to win!
Thanks!
Fascinating stuff, especially what he says about the true traders at prop firms and what not not really looking at charts but all using the DOM ladders.
I'm curious what everyone thinks. I'm not sure I've seen using to DOM to trade really discussed to any significant extent. He doesnt say he never uses charts or that they can never work, but he seems pretty critical of their predictive capability.
As a side question, its fascinating to hear the games tbe big players play trying to make other players "puke out". Sell hard into the bid, keep pressing price down, start getting past the support and hitting the stop orders, which triggers more sales, sales compound and at this point the persons who started the whole thing start covering and buying at the much reduced price lol.
My question on this front - he makes it sound like 90% plus of the volume in the markets are big players playing games like this - he talks about these same games in the several videos I watched. I guess I had always envisioned almost the opposite - like 90% of the volume was from persons that did not have the power to or were not otherwise inclined to play these games - mutual funds just trying to invest their holders money, retail, etc., and that the remaining 10% were these big players trying to play these games, and maybe trying to make money around these large mutual fund type investors by trying to get in front of them, for example.
What do yall think is closest to the truth? Does it vary among markets? I would think it would have to. I suppose to the extent the markets are in essence controlled by these huge game players who use their giant size to move the markets in their favor it would make it that much harder to win!
Thanks!
