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Agree REAL TIME tone is everything . I need to figure out how to configure NT on the 10 sec avg; I do have the FootPrint V2 plug-in (thx mk77ch!). I also keep a DOM on my desktop to trade and watch bid/ask but I dont believe depth of market due to Icebergs; Gemify figured out how to show # contracts traded @ price in quantity beyond the posted bid/ask quantities off time/sales as an add-in on an adjacent column to NT8 conventional DOM; presumably is real time iceberging trades. To me trades talk quotes can walk.
Pilots could never fly without real-time instrument on their dash
Happy 4th......dont get caught last man standing in a tsunami: //youtu.be/r0ladY1kwco
Sometimes just plain wrong turn the card over and just ffnnn buy em <g>
Bruce
Can you help answer these questions from other members on NexusFi?
Agreed........its all about the trades; Trades talk; spoofing, sniping, Iceberging loading the book with timed orders; ect can walk. As old as the paid shill at even the most respectable auction houses. As a matter of fact there are data feeds out there that reward executions with faster time/sales but those can be done with 1 lot orders.
I should point out that the Scalping Education YouTube videos referenced in my post should be viewed in chronological order. The first four or so videos give the substance of the approach. The later videos are more experimental and show Alberto seeing how far he can take the minimal DOM concept.
Ironically, the DOM being used does not display depth of market data, as only price and volume are utilized. I've attached a screen shot of my version of Alberto's non-DOM DOM for reference.
The YouTube video's only show price in the DOM moving up and down. Perhaps entries and exits are show, but not clearly. Is there an explanation somewhere of what he is doing, how he is making entry and exit decisions? (No answer from Alberto).
Be sure to view the videos in chronological order. The early ones show the whole DOM, the later ones are more experimental. For an explanation of what you're seeing, you can contact Alberto from his web site.
I can see in your pic and Alberto's vids, his evolution to just the outline of the volume @PRICE level; same as in the vids, best being the 21 minute one from 12/22 then the next later adding what I presume is RED/BLUE histogram for Delta? I really liked watching his trades in the 21 minute vid as the volume was changing the picture of what looks like a high rise city skyline tallest buildings (greatest volumes) the high rent district; a bit like watching time lapse changes of a city's urban downtown evolution over the years. What is most interesting is the concept of resetting all the data to start fresh before each new trade setup. Really makes for getting an in the moment feel for what's happening with supply/demand and price doesnt even matter as the bid/ask moves up and down the DOM. I'll need some screentime to get the "feel" but scalping for ticks with a quick in/out and counting em up end of day=KISS. Each trade is a new fresh data picture of the skyline. I can remember we used to kid a friend that he lived in a house "that teenies built"; they add up.
Unfortunately, after Alberto's addition of the presumably colored histogram Deltas, everything gets too unfocused on my screen to watch his picks for trade levels' entry/exits in the following vids. But great fresh look on real time setups visually in the moment.