This has been my experience: 1. Look for large resting orders on the DOM that extend over at least 1-3 bars. These are your initial levels for current support and resistance. 2. Watch for spikes between these levels - the market will tend to move towards those spikes until either that spike disappears or a larger spike appears. Watch the market for a while, you'll see what I mean. These two rules could be put together into an actionable scalping system. Not that the market will always respect these resting orders levels - if price gets close to those levels and they disappear, price will usually continue through that level. If they stay, or get stronger, that's a strong clue that the market will bounce at or with 3-4 ticks of that level.
Trading towards depth has changed my trading. My view is simple. The market wants to do business and it needs orders. So it loves moving towards areas of high liquidity. I don’t use it as an indicator of direction but more of an area of interest. Of course aggressive market orders and unplanned news will always do what they want so it’s not 100% by any means but man it’s changed everything for me. Thank you sir.
Interesting. I was watching the power meter. It was slightly long while the market was moving down. The market depth appears to give a better indication of short term direction.
Delta would normally refer to cumulative delta which is trades at offer and trades at bid. This is slightly different in that it's resting orders, not actual executions.
@@JohnSmith-zs1bf It's a platform that connects to your CQG/Rithmic feed OR piggy-backs MT5. The platform costs $579 - for more info - check this out - www.jigsawtrading.com/
This has been my experience:
1. Look for large resting orders on the DOM that extend over at least 1-3 bars. These are your initial levels for current support and resistance.
2. Watch for spikes between these levels - the market will tend to move towards those spikes until either that spike disappears or a larger spike appears.
Watch the market for a while, you'll see what I mean. These two rules could be put together into an actionable scalping system. Not that the market will always respect these resting orders levels - if price gets close to those levels and they disappear, price will usually continue through that level. If they stay, or get stronger, that's a strong clue that the market will bounce at or with 3-4 ticks of that level.
thank you for the insight.
Now I know why you guys are the best. THESE ARE REAL REAL TRADERS not bs youtubers
Trading towards depth has changed my trading. My view is simple. The market wants to do business and it needs orders. So it loves moving towards areas of high liquidity. I don’t use it as an indicator of direction but more of an area of interest. Of course aggressive market orders and unplanned news will always do what they want so it’s not 100% by any means but man it’s changed everything for me. Thank you sir.
Interesting. I was watching the power meter. It was slightly long while the market was moving down. The market depth appears to give a better indication of short term direction.
punctual, efficient, truthfull and real, thank you Jigsaw!
this guy is simply a genius
i'm using jigsaw daytradr too.. how to view the market depth histogram like this ?
do you have more videos on DRILLS? this is awesome!
There's more on module 2 of the free course on the members site!
Can I use jigsaw dom on NSE stocks?
Where I can find the indicator if I have jigsaw platform
Hey Peter, how to I switch the vista scale to the right side like you have, I can't find the setting.
It just does that when it's undocked, Mike.
@@peterdavies8568 cheers peter, also is there a way to make the main tool bar to go vertical instead of horizontal?
@@mikefreauf6192 Not right now, Mike!
What is the exact name of the indicator in jigsaw?
This is Auction Vista, so not an indicator per se
Can someone explain the auction Vista chart?
Excellent
What is this plataform?
Isn't offers-bids just a delta histogram?
Delta would normally refer to cumulative delta which is trades at offer and trades at bid. This is slightly different in that it's resting orders, not actual executions.
What was the depth tuner and depth scope set too??
scope at top setting, tuner at 4!
What is the indicator you are using to see market depth histogram like that??
That's the Jigsaw daytradr platform.
@@jigsawtrading Is it a proprietary indicator? I trade AMP futures, what is the additional cost of using Jigsaw?
@@JohnSmith-zs1bf It's a platform that connects to your CQG/Rithmic feed OR piggy-backs MT5. The platform costs $579 - for more info - check this out - www.jigsawtrading.com/
lol thats so backwards , ur not even talking about consumption into the offer or bid and flip of the book taken so 90% of trades will be late
It is so backwards - until you try it. That is the whole point of the drill.
lol, you are a big trading expert, thats why you comment and talk nonsense