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No BS Day Trading www.nobsdaytrading.com


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  #11 (permalink)
 
BeachTrader's Avatar
 BeachTrader 
Phoenix AZ
 
Experience: Beginner
Platform: NinjaTrader
Broker: AMP / CQG
Trading: CL, ES, NQ
Posts: 310 since Nov 2011
Thanks Given: 153
Thanks Received: 432

I use the stuff I learned from No BS to help with my entries and exits. I tried scalping the Treasuries like John, but I just prefer going for bigger wins. So I don't trade exactly like him but what I learned from him helped me, especially watching a pro trade his live account.

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  #12 (permalink)
 dandxg 
Denver, Colorado
 
Experience: Intermediate
Platform: Ninja Trader
Trading: ES, CL, anything that makes $$
Posts: 178 since Nov 2009
Thanks Given: 164
Thanks Received: 77

John is a stand up guy. Jigsaw- Peter another stand up guy, together a good partnership.

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  #13 (permalink)
 deltok 
Singapore
 
Experience: Intermediate
Platform: X trader, meta trader, oanda, city index, ninja trader
Trading: Futures, Forex
Posts: 7 since Feb 2013
Thanks Given: 45
Thanks Received: 1


I bought his basic course (ebook + a video) and his Intermediate and Advance webinar.

I would say it's worth the money.
His basic course is only less than $40 i think. If after reading you think it suit you than you purchase the webinar.
I was a chart trader before, I don't know about DOM.
His basic course taught me how to interpret those jumping numbers on the DOM.
I haven't make big profit from his sharing but it definitely help me reduce my losses very much.


Happy Trading.

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  #14 (permalink)
 
Andrewt's Avatar
 Andrewt 
Perth Western Australia
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Mirus
Trading: ES
Posts: 13 since Jul 2010
Thanks Given: 24
Thanks Received: 8

Hi guys, I am thinking of doing johns course, I have been working with the Jigsaw Dom for a couple of weeks and thought I should learn more. How are you finding the stuff you learnt? has it been a help with your trading,
ANdrew

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  #15 (permalink)
 RichardHK 
Hong Kong
 
Experience: Intermediate
Platform: NinjaTrader, TWS
Broker: IB/Kinetick
Trading: ES
Posts: 236 since Jan 2012
Thanks Given: 132
Thanks Received: 340


Andrewt View Post
Hi guys, I am thinking of doing johns course, I have been working with the Jigsaw Dom for a couple of weeks and thought I should learn more. How are you finding the stuff you learnt? has it been a help with your trading,
ANdrew

Hi Andrew,

If you mean John's $40 course, go right ahead as you will learn lots. The accompanying video does not use the Jigsaw DOM but you still learn the basics of playing the game very well.

If you mean John's live trading webinar, i would suggest holding off for a few more months until you are more fluent reading the tape/DOM/etc. Go through Jigsaw Pete's free course, his videos, and the member ES course and take your time getting into game. After you are thirsty for real live tutoring, John's live webinar is excellent material and he now uses the Jigsaw DOM which makes things better. However, John does not use the snapshot function, or at least not on last webinar, which I find indispensible.

Hope that helps.

Richard
Hong Kong
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  #16 (permalink)
 jonc 
australia
 
Experience: Beginner
Platform: NinjaTrader
Trading: -
Posts: 303 since Sep 2010
Thanks Given: 123
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TheSeeker View Post
In one the free available videos, he showed his trading results for the day which were at about 1000 USD.

He did 100 round turns on that day (5 trades 20 lots) A profit is a profit, obviously, but is this kind of trading doable for the average retail trader with much higher commissions ?

does anyone know if this is his normal performance? 100 lots for $1000 profit is not even 1 tick profit per contract if we are talking about ZN/ZB.

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  #17 (permalink)
 dandxg 
Denver, Colorado
 
Experience: Intermediate
Platform: Ninja Trader
Trading: ES, CL, anything that makes $$
Posts: 178 since Nov 2009
Thanks Given: 164
Thanks Received: 77


jonc View Post
does anyone know if this is his normal performance? 100 lots for $1000 profit is not even 1 tick profit per contract if we are talking about ZN/ZB.

When I bought his cheap course a few years back the most he made was 3-4 ticks he is a hard core scalper/tape reader. And he is trading, I believe, with local rates not retail.

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  #18 (permalink)
 
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 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
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any comment?

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  #19 (permalink)
 ReeceD 
Brisbane, Australia
 
Experience: Advanced
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, ZN, Currency Futures
Posts: 15 since Oct 2013
Thanks Given: 2
Thanks Received: 94

I saw this thread and thought I would add my two cents.

From all my experience trading (10 years) I can unequivocally say that when it comes to creating a semi- stable profit with minimal risk of large drawdown then scalping the DOM is the way to go.

I love trading, and in the past would trade practically everything but there would inherently be large drawdowns in the profit due to unforeseeable fundamental factors. I think people need to remember that trading is about making money, if you are in it for fun and don't care about your P/L then you should start caring.

I recommend (as would most professionals) to get a DOM and stare at it for about two years. Conceptualise what John has discussed in his book (along with the concepts of liquidity, market profile and "value") and then start trading small. Scalping the DOM can be highly profitable if you are willing to put in the time. It takes abolutely no change in knowledge to go from swinging a 1 lot to a ten lot, to a 30 lot. THere is enough liquidity there that you dont even get noticed. Sure 6 ricks on a 1 lot on the ZN is about $100, but on a ten lot is $1k a day, and what about a 30 lot? Start small, think big.

To help you on your path I recommend getting in touch with a Deep Discount Broker. Also limit the number of trades per day (to stop churning of your account) and also have a tight stop limit on each trade. Learn what it means to have a "high probability trade" and to "cut your losses as soon as you know you are wrong." Also, learn about "leaning" and what is required to have both the winners and the losers pushing the market in the same direction.

This is all part of Johns book. This is real scalping and is what the largest futures traders on Earth do. But go with caution...... I never said it was going to be easy..

Happy scalping..

RD.

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  #20 (permalink)
 KosherTrader 
Winchester VA/USA
 
Posts: 57 since Aug 2013



ReeceD View Post
I saw this thread and thought I would add my two cents.

From all my experience trading (10 years) I can unequivocally say that when it comes to creating a semi- stable profit with minimal risk of large drawdown then scalping the DOM is the way to go.

I love trading, and in the past would trade practically everything but there would inherently be large drawdowns in the profit due to unforeseeable fundamental factors. I think people need to remember that trading is about making money, if you are in it for fun and don't care about your P/L then you should start caring.

I recommend (as would most professionals) to get a DOM and stare at it for about two years. Conceptualise what John has discussed in his book (along with the concepts of liquidity, market profile and "value") and then start trading small. Scalping the DOM can be highly profitable if you are willing to put in the time. It takes abolutely no change in knowledge to go from swinging a 1 lot to a ten lot, to a 30 lot. THere is enough liquidity there that you dont even get noticed. Sure 6 ricks on a 1 lot on the ZN is about $100, but on a ten lot is $1k a day, and what about a 30 lot? Start small, think big.

To help you on your path I recommend getting in touch with a Deep Discount Broker. Also limit the number of trades per day (to stop churning of your account) and also have a tight stop limit on each trade. Learn what it means to have a "high probability trade" and to "cut your losses as soon as you know you are wrong." Also, learn about "leaning" and what is required to have both the winners and the losers pushing the market in the same direction.

This is all part of Johns book. This is real scalping and is what the largest futures traders on Earth do. But go with caution...... I never said it was going to be easy..

Happy scalping..

RD.

Good info, do you know how Jigsaw's DOM compares to free DOMs, like the ones offered by Open E Cry or MarketDelta?

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Last Updated on May 16, 2023


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