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Yes, I recieved that as well just now, not much help for users that have paid and have no access, or the number of new buyers that paid and were not given what they paid for. Let's see if he actually answers email now
Had the email too- let's be totally fair- it must be virtually impossible to be a great coder and a customer service rep and charge such a competitive price for the software- I have only used the product on a trial basis for three days and I must admit whilst I instinctively know it is powerful, I haven't got my head around it totally- if we could focus on discussing and posting how we use it i am sure we more forward together- it is a relief that the NT8 will be ready in the near future.
Totally fair is based on perspective. You have been a user for 3 days. Imagine paying for something and not having access to it for 3-6 months and no replies.
I'm glad that he is now responding, and I think that part of his problem is that he actually charges too little, then doesn't have the financial resources to provide human capital where needed. That's something that he is going to need to sort out very soon imo.
When this software first came out I did some research on it and found the developer's address was a trailer park.
There is nothing wrong with that, everyone has to start somewhere.
But I decided that until it was proven, the risk of purchase was too high.
As a coder myself, it is easy to see how things can be hidden in code and I was not willing to risk my trading revenue on software that was not proven.
I have had experience with other 'failed' trading products and have become more conservative with my choices.
Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
i have used OFA for 6 years..remember all foot print charts are lagging..the orders have already been executed.. it is the resting orders that are waiting to be executed and there composition that lead order flow. you can see the smaller volume profiles on your domes now. if you are trading of a small high volume node of a foot print chart ...you have no idea if there are a lot of orders in that area to support your idea.. book map shows that info better than any thing i have seen. and any changes.. like when the book flips...
but according to your definition (footprint charts are lagging), I would say bookmap is lagging as well. the interesting part about bookmap is, it shows historicalbid/ask (limit orders) data. and that means the orders have already been executed. also the order book itself is about the same like any other dom.
anyway, for me (lagging or not lagging), useful tools for scalping are level 2 (dom, bookmap, auction dashboard etc) and time & sales (footprint chart, auction dashboard etc). level 2 giving valuable information before a trade, and time & sales after a trade.
- level 2:
a lot of limit orders (let's say around your area of interest) can provide support/resistance, but they can also get pulled or traded right through. that information of course can still be valuable. I personally prefer to focus only on the inside bid/ask.
- time & sales:
with footprint charts you can see what's being bought and sold. you can see what price does with a positive or negative delta. imho that's always good to know. also if someone has a large order, half of that order could be placed as a limit order. then the other half could be executed as a market order. both visible on a footprint chart. but with level 2 you would only see the limit orders.
with foot prints you are making the leap of faith that all orders executed on the bid are sellers and all the orders executed on the ask are buyers. if you do not have any thing better ya.. ok i know how to use them too.. like you say you are using other stuff. when the market pull backs into your foot prints you are using the order book to make sure it supports your trade. that is what i was saying... with a dome like jigsaw or a latter like book map i do not need foot prints... most prop traders do not us them . if some one needs them cool...but for some new trader learning order flow ..how many charts should they have up. lets see foot prints , jigsaw, book map.. how about some delta bars... how about some reconstructed tape charting, lets add in the jigsaw volume meter to motor the volume coming in after your in a trade. it turns shades of green and red. lets do not forget the tick meter that makes a faster clicking noise went the orders get executed...and lets get with the program ...we will put a cherry on top. SP pit radio ... we need to here what the floor trader on the big contract are doing...we need a good feel for all this order flow. what about the prem the spreed between the cash SPY and futures or the ticks breath carts ..