new_trader
Legendary member
- Messages
- 6,770
- Likes
- 1,656
You get the point, there is a difference between tape reading and reading the market profile.
Some traders love gizmos don't they?
You get the point, there is a difference between tape reading and reading the market profile.
Some traders love gizmos don't they?
No idea, sorry, I'm not trader, I'm learning the trading.
The rest are: beguinners (like me)
I see, and you're telling me about DOM
I am nothing like you. I don't believe in taking courses.
No idea, sorry, I'm not trader, I'm learning the trading. Ask the traders on the forum. If find a rare real one here.
Trader is a folk with regular and substantial profit from trading activity, making a living on it. The rest are: beguinners (like me), scammers and just folks looking for social life on the web. The last ones are the huge majority here.
you now state (above) that you are a beginner. Indeed, you also write (above) that you are not a trader
keep trying and we will do our best to interpret the meaning of your posts and compile suitable replies to assist you in your quest for additional knowledge.
well you should bother - because you might learn something.
For instance, you might learn that one of John Gradys students applied to Futex and out of the few thousand applicants, he was taken on. That are now training him and paying him for the privilege. At the end of the training he will be trading their capital.
You might also learn that not all markets are the same. On the ES, I agree that what is 8 levels out is largely irrelevant unless it is exceptionally large. On thinner markets like the CL, it's a different game and exceptional quantities at any level are a something you need to pay attention to. On the thicker markets refreshing on the opposite side of size is important and a bunch of other stuff I won't explain because your argument of "but you are a vendor" means it'll fall on deaf ears.
At the end of the day, the more people that think this aspect of trading is nonsense, the better for those spending the time on it.
Toodle pip.
I haven't been offended. I don't care what they or you do and what they or you imagine they or you know, just as long as they or you don't call it 'tape reading'. No offence.
The irony is staggering you talk about a guy who did John gradys course and then we to futex, why did he do that. Prob because he what he learnt from John was BS. If the course was so good why go to futex. Rofl. Same 5hit different ar5e now.
Perhaps in some other world, someone can show you the basics and then you become profitable in a week. In my world it doesn't work like that.
That's absolutely what happened to me. I watched the DOM for a couple of weeks, and there was no way I could manage to understand what to look for. An absolute non-sense. Tryed to get an idea, but no f'...g way. Just numbers. Drived me crazy to just spend my aft noons watching the Matrix.
Then I started to follow the volumes printing at the bid/ask (what the Jigsaw does very well, by the way), I started to follow the flow in and out. In 3-4 days you normaly manage to follow the price pretty close and adding the prints in your head.
The second week I have had a click. After a slow move up, I've just seen as there was a couple of thousands printing at the ask 10y and going immediately bid, and 30y fell one price down. I just understood the stuff and watched the price going down for 5-6 ticks. That's it. I knew it gona come down before it printed on the chart. John speak about this reversal in the video, as I remember it's the first exemple.
So, I sent him e-mail and that's it.
It takes time and effort. When you start understanding what is about, the DOM is an absolutely must have.
So, no the point to blame it, guys, if you did not manage to understand it. It takes time, it takes effort.
Stop using ,"Google Translate." It garbles your translation from whatever language you use when attempting to translate it to English. Much better to use a dictionary. However, your attempts are pretty good nonetheless.Keep it up
It takes time and effort. When you start understanding what is about, the DOM is an absolutely must have.
So, no the point to blame it, guys, if you did not manage to understand it. It takes time, it takes effort.
It is especially annoying when it comes from someone with half an hour trading experience.
You read the tape making bets? I flip the coin.
One more guy coming at the 13th page and when someone speak DOM he ask about the tape reading. That's "Legendary member", 1400 posts in one year.And you do it better ? Let's see it.
One more guy coming at the 13th page and when someone speak DOM he ask about tape reading. Funniest tread, for a while. :clap: