Dark Theme
Light Theme
Trading Articles
Article Categories
Article Tools
Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to
register in order to view the content of the threads and start contributing to our community.
It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Updated December 19, 2022
April 8th, 2020, 11:13 PM
Manta, Ecuador
Site Administrator Developer Swing Trader
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,621 since Jun 2009
Thanks Given: 33,356
Thanks Received: 101,989
bobwest
I just realized how weird this is. After reading your last post, I went back to the original and quoted it, and look at this -- the "@" tag is there in the quote that I made just a minute ago, but is still missing from the original:
My guess is that there's some database issue. To be determined....
Bob.
Just a temporary caching issue. Tomorrow I'll delete the post cache, I'm already done for today. It happened because of all the changes I've been making.
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
April 9th, 2020, 12:10 AM
Manta, Ecuador
Site Administrator Developer Swing Trader
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,621 since Jun 2009
Thanks Given: 33,356
Thanks Received: 101,989
I did it from my phone. Any further issues, please use changelog thread.
Big Mike
Just a temporary caching issue. Tomorrow I'll delete the post cache, I'm already done for today. It happened because of all the changes I've been making.
Sent using the NexusFi mobile app
April 9th, 2020, 12:48 AM
Las Vegas, Nevada, USA
Experience: Beginner
Platform: NinjaTrader
Broker: Dorman Trading
Trading: ES
Posts: 60 since Sep 2014
Thanks Given: 779
Thanks Received: 114
Futuresnoob
To the Original poster I feel for you. You asked what you believed was a simple question and instead you opened up the trading version of Pandora's Box.
I've used
order flow in my trading for about 2 year. I own both Jigsaw and Bookmap. I even own the first NoBSdaytrading course. Here are some things I've learned. I cannot trade
orderflow and I definitely can't do it from a standalone
DOM . The numbers moved to fast to remember what they did at which price. I use Bookmap like a hunter uses a scope. You don't lay out in a field all day with your eye glued to a scope. I use it to try and refine my entry on an area that I was interested in trading. I found that if I stare at Bookmap all day I will make up trades.
I will share with you what saved me. Understanding risk management and position sizing. Risk management has a few heads to it but I believe the most important is understanding that no single trade deserves enough of your account to kill you.(search my name and you will find my crack spread gone wrong). The very close second is not taking trades outside of your trading plan. If the
volatility is too great and I cannot pare down my size enough to keep my loss per trade below my limit of about 1% of my account then I don't trade. Oh and journaling. Especially in the beginning. To me if you don't at the minimum track your trades to see what happened before and during the trade how will you know if you are following the setup you tested and what adjustments to make at the end of a sample set.
Remember there are a lot of ways to trade. Some work, most don't. Some curve traders here don't even use charts in the traditional sense. But that's a different rabbit hole. This thing called trading you've decided to do is a lot of hard work. It's a lot harder when don't have someone that is doing it successfully who is willing to hold your hand.
Jason
P.S. @
Hulk what part of Texas are you from?
Thanks for the good words of encouragement !! Cheers.....
April 11th, 2020, 11:39 AM
Milwaukee, WI, USA
Experience: Intermediate
Platform: NinjaTrader
Trading: Equities
Posts: 209 since Oct 2014
Thanks Given: 23
Thanks Received: 207
I appreciate what some of the very experienced have said about order flow being useless at the retail level due to the paucity of actual data we have access to, however, the Jigsaw DOM has been very, very helpful to me.
I use 5-min charts and, when I see what looks like a setup on the chart, I hone in on the DOM and look for as ideal a jump-in point as I can manage. I also can't register the actual numbers because they move too fast, but I can see the little surges and try to use them to catch trades that don't come back against me at all, or very little.
Retail order flow has helped me. In fact, I am recently seeing the first consistent (though modest) rise in my equity curve, ever, though there are additional reasons for that.
Just my $.02
April 11th, 2020, 12:05 PM
Las Vegas, Nevada, USA
Experience: Beginner
Platform: NinjaTrader
Broker: Dorman Trading
Trading: ES
Posts: 60 since Sep 2014
Thanks Given: 779
Thanks Received: 114
DavidBodhi
I appreciate what some of the very experienced have said about
order flow being useless at the retail level due to the paucity of actual data we have access to, however, the Jigsaw
DOM has been very, very helpful to me.
I use 5-min charts and, when I see what looks like a setup on the chart, I hone in on the DOM and look for as ideal a jump-in point as I can manage. I also can't register the actual numbers because they move too fast, but I can see the little surges and try to use them to catch trades that don't come back against me at all, or very little.
Retail order flow has helped me. In fact, I am recently seeing the first consistent (though modest) rise in my equity curve, ever, though there are additional reasons for that.
Just my $.02
An old horse trader once told me that the key to life is to find something that fits your style and you benefit from!!!!
April 11th, 2020, 05:33 PM
Knoxville Tennessee USA
Experience: Intermediate
Platform: TOS
Trading: ES, NQ, CL, /6E futures options.
Posts: 346 since Oct 2012
Thanks Given: 135
Thanks Received: 154
Just my opinion, but I think order flow is most effective for scalping and day trading.
I use the JS Dom and the Sierra foot print chart.
April 11th, 2020, 10:45 PM
Anahein+California
Experience: Intermediate
Platform: Ninja Trader
Trading: Gold
Posts: 29 since Oct 2012
Thanks Given: 206
Thanks Received: 35
Orderflow is a nice subject, but not really useful in actual trading.
April 11th, 2020, 10:47 PM
New York, USA
Experience: Advanced
Platform: Sierra Chart
Trading: RTY, ES, YM, NQ, CL, NG, GC, HG
Posts: 61 since Oct 2016
Thanks Given: 53
Thanks Received: 197
nikotron1124
Orderflow is a nice subject, but not really useful in actual trading.
Really??? That's quite a statement. You forgot to add "For myself".
April 12th, 2020, 02:54 AM
Boksburg, South Africa
Experience: Advanced
Platform: IG Markets
Broker: Ideal
Trading: Stocks,Indexes
Posts: 43 since Jun 2010
Thanks Given: 32
Thanks Received: 33
April 12th, 2020, 03:23 AM
Anahein+California
Experience: Intermediate
Platform: Ninja Trader
Trading: Gold
Posts: 29 since Oct 2012
Thanks Given: 206
Thanks Received: 35
My trading is based on options where I can set my targets and my stops by using the right strikes based on my bullish , or bearish projection. For price discovery I have been using for a long time Rob Smith's approach, the "strat" You can follow him on Twitter @Rob in the black.
Last Updated on December 18, 2022