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Exactly Peter!!! Exactly
How you doing? Texas is wet and boring. Its rained so much our cows are going blind. They are dragging their tail in the mud and its pulling the skin over their eyes!.....LOL
Carl....
You can show the volume profile for the whole ETH session or RTH session on the DOM, or any session you specify from the sessions menu, or make your own custom session.
With Jigsaw the order book details and exact volume come from the DOM, you can have Vista open if you like. So all the information is on two windows rather than one Bookmap window. Therefore the Vista chart can be compressed to show lots of range if say trading the Nasdaq, but the DOM can still be at a size to read volume traded and the orderbook at an individual level. Bookmap on the other hand is all together so if you compress it down to see the days swings in a thin instrument, you can no longer read what is happening at individual levels because the orderbook and traded volume is consolidated. Horses for courses.
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
thanks for the posts. I find placing trades and managing them with bookmap one of the best things besides the heatmap. Why do you find placing trades with jigsaw better?
The simple answer is, I know how to use Jigsaw better.
The other reason is, I look at correlated markets before I make a trade. Why do you want to go long ES if you see the NQ, RTY or YM ticking down? I also look at ZN, ZB they are usually going opposite of ES. SO, if the ZN is ticking up I don't and wont go long ES. Charts and Bookmap are too big and I can look at a DOM faster. I can center all the DOM's with a click of my mouse and if I'm wanting to go long ES, I want to see NQ and YM going that direction. SO If I see NQ and YM north of center line I take ES LONG. Charts don't tell you what is happening RIGHT NOW where as Centered DOM's do. I can't get that look on Bookmap. I would need to scan 6 monitors to get the same info I have with one monitor with 6 doms. I hope that helps.
So, on bookmap, you can't just align a bunch of DOMs? My main screen using SC DOMs (which are quite good except for a couple of irritations) is exactly this (7 side by side).
If you don't mind answering, how is it to place and cancel orders .. easy, quick, ...?
I can't figure out how to post charts in private chat so here you go.
This is how I saw my first trade this morning. zoom up on the chart and you might be able to read the notes. Let me know. The simple truth is I drew a profile on the over night low's 2 bottom bars. When the market comes down to test the level I start looking for liquidity, Icebergs bigger volume etc to take the trade. This is what I did. Look at the time on the Bookmap chart around 8:40 and you can see 3 times we tried to get through it and each time that big buyer was there to take everything the sellers were able to sell.
>My main screen using SC DOMs (which are quite good except for a couple of irritations) is exactly this (7 side by side).
Is that Bookmap? Cause I'm not sure what a SC DOM is. (Sorry)
I never could figure out how to place just dom's using bookmap but on the other hand I didn't spend a lot of time on it because I already knew how to use Jigsaw. Plus I have this theory that when you learn something, something has to be pushed out. I took a James Dalton course once and forgot how to change a tire.