Order Flow And DOM Trading For Beginners
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- Опубліковано 26 сер 2024
- The first in a video series about trading the DOM and Order Flow. This video talks about what information is shown on the DOM, and some pointers to get you started watching order flow.
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Hypothetical Performance Disclosure:
Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
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Always supper helpful content! Remember folks, orders move price. Price is the outcome. Markets are inelastic. Price may not come back to the mean, because orders might not allow that to happen, learn how to trade the DOM and you will be a better trader.
Teach me how to trade order-flow please, how can I contact you
I like this guy, he’s honest unlike other “ trading gurus “
Best channel for info about doms! I like to use them with my normal charts to confirm support and resistance
best dom vid in the market ever!!! very informative dude.
Hello, new to your channel. This has been by far one of the most informative, no nonsense video I've seen on day trading. Thank you Seth. Looking forward to learning from you. 67 years old looking for a way to supplement Social insecurity!!
Thank you for this tutorial. Subscribed. Looking to integrate DOM and Order flow trading with my current strategy.
Fantastic and very humble video not only for beginners🙏🏾
Very well explained! Looking forward to watching your other videos.
Looking forward to the in-depth videos on the DOM!
thanks a lot, it explains well and also so articulate for non-native speakers, and it's not reading.
Oh I was waiting for it.
Thanks Waiting for the rest!
Outstanding presentation!
4:46 "What is the Dom" Depth of Market.
Imagine a Long Hallway with Traders trading cookies...
rofl
Fantastic video, @SpeculatorSeth
“Early bird gets the worm. But cookie taste better than worm. So me sleep in.”
― Cookie Monster, The Joy of Cookies: Cookie Monster's Guide to Life
This was great. I love your way of teaching. You explain it in a way I would if I knew it as good as you a think. Subbed and liked. Will be checking out other vids you have made
Good job Seth👍
Can we use this for options trading?
Have you had any experience with bookmap?
I´m not saying that orderflow trading does not work. However, it is strange that so many people claim that it is widely used in investment banks etc. I have worked in more than one bank - also in jobs with close connections to the traders on the trading floor - and I have never seen them use the DOM. I haven´t implemented order flow trading in my trading strategy yet, but I am considering to do so. However, I have also heard from numerous people that trading with the DOM is not necessarily a gamechanger in trading - also because very often orders are cancelled
nice one! lets say you have no idea about which instruments are correlated, where should you go to check that? thanks
On a basic level just look for similar instruments. Like if you're trading gold you'll also want to look at similar. Other correlations you'll just find as you research about your specific market.
Excellent
Uma pergunta meio boba, mas sou iniciante, quando por exemplo coloco uma compra de 10 contratos em um suporte, então enquanto aguardo o preço chegar , essa compra aparece no dom para todo ver??
I see TradingView has a DOM now via ES mini futures. Wonder if it's any good. Do all DOMs provide same info or are they different depending on market data provider?
The key feature that the Jigsaw DOM has that I find essential is columns for the market orders going through.
@@SpeculatorSeth Right, I noticed today on the livestream. Jigsaw looks it has awesome DOM
Nice one ! Do you know whether the visualization tool of BOOKMAP makes it easier to watch the changes in the price? I'm still hesitating to focus on dom or heatmap.
There are things I see on the DOM that you can't see on bookmap, but there's nothing you can see in bookmap that you can't see on the DOM. That said bookmap does what it does very well.
Starts at 4:40
Ty brother
I'm very new to futures and am just discovering your channel. Looks like you have a ton of good information! Coming from stocks is the DOM the equivalent of Level 2 data with perhaps a little time and sales mixed in?
I've seen depth of market referred to as level 2, but the level 2 that you get in stocks is a little different. That's more telling you what the best bid/offer from the big prime brokers are. Whereas depth of market shows you all the limit orders placed on the instrument.
Hi Seth, thanks for sharing Your knowledge.
Are you familiar with Gary Norden? I am thinking doing his course, but I haven't found many reviews, if you do know him would you recommend? Thanks.
Great video Seth, thank you.. I trade the MES on Ninja trader. Will your trading videos help me while using that platform?
I'm not a fan of NinjaTrader's DOM, but you can make it work.
@@SpeculatorSeth Yes NT Dom is very limited. I have been looking at the Jigsaw add on.
How to use the DOM to trade zb and zn. Do you have any videos about this
My experience is primarily with ZN and ZB so everything I talk about in these order flow videos is very much about my experience with treasuries.
Do you have a playlist for DOM and orderflow?
Any suggestions for mobile DOM trading? 😅
Ironbeam has a mobile DOM. They sponsored a video where I talk about it here: ua-cam.com/video/rsUs5qNnGM4/v-deo.html
I want to learn order flow. Are there free order flow and DOM demos that I can use to train with before I do real trading?
Most platforms and brokers will provide two weeks of demo data. You can also fund a small account, and just trade that sim. Note that there are monthly data fees though.
You can also find the past livestreams playlist on my channel and just watch past orderflow through videos.
So from listen to this, is this why sellers/bears can stall or forcefully rebound the price at a resistance level multiple times just by stacking volume? If this was the case, wouldn't DOM and OF eliminate 90% of the guessing on wether a true breakout will happen by simply looking at the massive amount of volume that's just chilling at the resistance point? 🤔
Cause if 10x $10, 15x $11, 5x $12, 8x $13, then a massive 10,000x $14 sell limits are lined up like that with only a total of some 500x market buy orders in queue. Isn't it obvious that the price will stall or drop since supply > demand, unless a massive 9.5k or more market buy orders come in?
It's weird how I don't see many people talking about DOM and OF. They talk about supply and demand, but I never heard anyone talking about actually being able to see the OF in real-time...
Seeing a huge wall at a price does mean it will take more contracts to get through that price. However, you'll be stunned by how many market orders can show up to meet them and push through. The liquidity needs of the biggest players tends to be more than the available liquidity. So to make a really good prediction you still need something that tells you about what future orders will be. Then you can combine that with currently liquidity conditions to make a more precise trade setup.
so far to much TALKING and showing NOTHING .
Nah, you just didn't listen carefully enough. He gave an explanation of DOM and OF, told us what to look out for, warned us on what not to do, and told us where we can find screen time on him live streaming using DOM and OF.
Learn to listen more and you'll complain less.
this seems to be extremely Nerv recking more so on the EYE's . this is the reason i am trying to put together a Script that would take in all this DATA Analyze it and Trigger your Buy Sell signal . now U can take a Break . U have to admit it is Better then Sitting in front of a Screen for hr's . what your ( Opinion )
1
My paid indicators help in automating such analysis of the order book. However, that's more of an HFT thing, and is only going to work if you're paying for co-located servers etc. Most of us are going to go higher timeframe. Which means you'll need to combine it with discretion and other information about the market, and that's not really automatable.
@@SpeculatorSeth thank U for the comeback .
This whole video he never told you how to actually use the dom lol
How do manage to place an order before you see a big order?
Not sure I understand your question. Under what context? Just a large resting order?
@@SpeculatorSeth at some point in the video you said to try enter the market before we see a big order, not see a big order then enter the market, I was wondering how is that possible? I'm in the learning phase but, I would enter the market after a reaction from an important level (big order)
@@Mike-fk2yz So perhaps something about the news or macroeconomic environment makes you believe that a big player will get involved that day. You want to buy ahead of them, and sell to the big player when they get involved.
@@SpeculatorSeth sounds like an interesting way to do it, have you ever delt with dark pool orders btw?
Is Vix a correlated instrument?
I'd say the relationship most instruments have with VIX is more complicated than just correlation. But VIX is definitely something that you want to be watching if you have the data.
@@SpeculatorSeth Thanks so much!
by the way Trading 57 yr's
Instruction starts at 4:45, after the sales pitches for various garbage things.
It'd be way more helpful to see the screen while you're talking about it.
Can I trader forex and dow jones with this method ?
In forex you are trading against your broker instead of with a limit order book on an exchange. So you cannot read the orderflow in forex. You could trade micro dow jones futures on the CME though.
@@SpeculatorSeth thanks
Where can see order flow
You need a data feed that will provide full depth of market data. For instance in the futures market Rithmic and CQG are common data providers.
@@SpeculatorSeth so thats paid memebership also it helps for daytrading?
@@edwinbab705 Data fees are usually taken out of your trading account. I really couldn't trade without depth of market.
You didn’t leave the firm the firm left you
he starts talking about the dom at 4.45
What a useless video... where is the DOM and how to interpret the data.
full of waste of time videoooooo
Boring