Mastering the DOM: The DOM vs Charts | Gary Norden
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- Опубліковано 28 бер 2023
- ABOUT THIS WEBINAR
This webinar is part of a series Gary created specifically on the DOM. In this particular webinar Gary covers the advantages of the DOM compared to traditional charts . The webinar series is about understanding the strengths of the DOM and why traders may considering using it. This is not a 'how to trade' webinar series.
ABOUT GARY NORDEN
Gary Norden has been a professional trader for over 30 years including several years in the trading pits of LIFFE and as a senior trader at some of the world’s largest investment banks. He is co-owner of NN² Capital and creator of The Norden Method™ a unique style of order flow trading. Gary is the author of An End to the Bull and 'Technical Analysis Exposed - Why Most Technical Analysis Traders Fail.
Follow Gary Norden on his websites:
www.nordenmethod.com
www.garynorden.com
learnoptions.net
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🔍 ABOUT THIS WEBINAR
Learn how to integrate Order Flow setups and strategies for Day Trading and Swing Trading Futures, Stocks, and Cryptocurrencies using correlated market analysis with Bookmap's new Market Pulse addon. You can hear the market correlations. This is real-time forward looking analysis, not hindsight. We read the current market and give insight to where it may move next.
📌 ABOUT BOOKMAP
Bookmap is a cutting-edge trading platform that lets you visualize market liquidity and gain incredible insight into the order book.
Trade with confidence as you watch the market evolve in real-time at 40 frames per second. Identify market trends, discover hidden price patterns, and understand order flow like never before.
GENERAL DISCLOSURE
All Bookmap Ltd materials, information, and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations. Live trading is in simulation demo paper trading mode, and strictly for educational purposes. Live trading executed in simulation cannot accurately represent realistic trading performance.
RISK DISCLOSURE
Trading Futures, Equities, and Digital Currencies involves substantial risk of loss and is not suitable for all investors. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security nor life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
#bookmap #orderflowtrading #marketstructure
Not so sure your point was made, to disregard what others might be doing using Tech levels, but not show what you are doing somewhat blurs the point... Not once did you show a side by side of the DOM and Tech level at the same time to evaluate a outcome while in a trade ... How would it differ? where is the advantage regarding executing an entry or exit through a trade. Watching a blur of numbers without any structure? how does that help? where is your entry ? where is your exit? what would you base this on ? Cant just keep saying "Im not here to teach you to trade" and leave out the most important part of your argument that the DOM has a distinct advantage over Tech levels , but not once show a comparison or not one real life example how this could play out ...
Why is it that when a trader has something that works from their perspective they do the most to sound like what your doing to be profitable isnt the right way to trade. Making money is the end game but as long as what you do works right?
Yes lol. Starts to sound like religious point of views.
I am intrigued to hear of trading with the DOM, as I am familiar with the benefits of TA and I know that Time matters... how can you trade the market without regard for the time of day or time of critical news events? Algorithms are not random, but designed to manage randomness. The market has many different characteristics that technical analysis helps to identify them.
TLDR guy says “the dom is great, charts are useless.” Then rambles for over an hour without providing examples why it is. Don’t waste your time with this.
Charts where created to give Temporal Dimension to market, in economic reality it’s only Price x Transactions; that exists.
This is his argument in this video. What’s your counter?
@@amorfati4096Why should there be a counter argument? I have a 5 min chart with composite and daily volume profiles on the right, on the left I have bookmap. He sees numbers, I see lines. The only difference is the presentation.
Thanks to Bruce and Gary for all great information
is the time and sale has alert?
Is it currently not possible to set a point of control (POC) in Dom Pro? I would be delighted if this functionality could be considered for future updates. Thank you
its in there now
Visualised waiting limit orders are the only important thing of this caos...
i am willing to pay a % of the Profits from what a script can produce on a yearly bases these steps can be added within the script .
This is one of the most repetitive presentations ever. Three videos so far of “DOM rules, charts drool” and no actionable information. He barely even mentions Bookmap.
Who is Gary Norden anyway? You can’t find any real credentials on him, his courses are super expensive, and there are no reviews or Trustpilot entries on him.
Im really skeptical of this guy, even though what he says makes sense. I hope Bookmap has a good reason for having him on besides a payment or affiliate commissions.
Spot on man !!! He is more on speech than action ! As soon as questions became precise on how to read the DOM he suddenly cannot see the screen of the bookmap ladder !!! What a scam
Thanks for this post. You just save me 45 mins from watching this video.
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
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 )
Does DOM work for S&P500 stocks, or is it only for futures?
Everything DOM is probably the best tool to see bid vs ask real time both passive and aggressive
What's the horizontal gray line on the DOM?
You can compare changes in different instruments, looking for correlations
There's a big difference between "I don't know or practice X" and "X doesn't exist". Norden persistently and annoyingly conflates the two, in a way that I think really limits the usefulness of this sort of presentation.
EDIT: Also, the notion that one can look at charts at indefinitely many timeframes has apparently never occurred to the speaker over his long and illustrious career.
The problem is when TA is backtested it is shown not to work. TA is a religion that ignores all evidence that it does not work.
Ignore CHART at your own peril. Chart has its place in trading. Man is a repetitive creature. Even in animal kingdom there is repetition only if you are willing to observe. Plot all man’s action and inaction in a chart or graph then you will see the pattern. There is no randomness.
I'm missing HOW it is done. No practical method is shown in this presentation.
Open/close price is very important. You just do not know why, and nobody tells you;)
Compared to other on point videos out there, this is totally utterly useless, in the sense that firstly, non actionable information, secondly, chit chat all video long and thirdly, of course he has a course :))
My consideration however for the professional approach towards trading and shared views.
The problem with softs is that ICE has very retail-unfriendly real time L2 data... Around $150 per exchange per month.
I dont know why they dont follow CME, Eurex, etc. with their pricing style... Maybe they dont care to attract retail or dont have enough demand from them.
make 100k rn..Do it.
As a former chart user I agree with Gary. Charts are generally useless for short term trading.
I do keep a quote board up that shows the current daily bar for all the markets i watch, so at a glance I can see if various markets are moving together or if correlations are breaking down. But that’s just for general context.
That is Complete and total non-sense. I can do very well scalping on a 1 Minute Chart. Looking to learn about reading the DOM now just to see if it's of any benefit.
@@NicoSimonPrincelyis it? Now
use the dom to scalp! otherwise is useless!
This guy just keeps repeating himself and not saying anything. Take trade in nq or es.....
he is right in a sense,,, you would only know it was lower low once the previous low is broken... so the whole pseudoscience of technical analysis keep looking at the past... but same goes with auction process , you will only know it was val once you have reached vah...