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i trade all Major markets (FDAX, GC, CL,..) (partly with CfDs or mini Futures) so my Approach is less based on time consuming DOM Observation (actually I don't know how that works although i tried to learn and study it)
i just figured out a trading style with entries based after abnormal high Volumina in certain Price Areas
i am reading your stuff and try to make sense out of it (as said I dont have any DOM trading experience - does it still work to trade only with observing DOM and T%S ?)
imho it's suicide to Exit too early on intraday rallies, bc. whatever fixed target Price I tried to figure out there was Always a Rally that went above/below that (eg sometimes rallies in CL go straight over a big Point or more)
Yes, it works to trade just the DOM, but not for me. I need the interaction between DOM and MP/VP. I design my scenario/playbook with the MP/VP , support and resistance. I wait for the confirmation in the DOM to execute. Sometimes i need just the DOM when there is a big order.
If you want to learn DOM Trading i strongly recommend to watch Webinars of: Axia Futures, John Grady, Peter Davies and for VP/MP James Dalton. Here on Futures.io do you have a lot of very good webinars (Future Trader 71).
If you are a beginner i would suggest to focus on 1 or 2 Markets and get very familiar with that markets. Because every Market is different and has his own structure.
Any view on why bunds have been offered for past two sessions, FESX was down 2% and bunds still offered.... US puts new tariffs on France and bunds offered... All thoughts welcomed.
Thanks
Yesterday was another one of those times where correlation of bund and fesx broke down, bund down 80 ticks and fesx down 46. Any thoughts on why?
Thanks