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I've been SIM trading NQ/CL faster markets lately after listening to a mentor. I'm coming from slower bonds so it is like a different world. I find that I don't even need to look at the DOM, let alone a chart to trade. Of course, I look at both of those for context. I think that the faster markets are more about getting into the flow of how they move, being able to spot when velocity is increasing and moving in a way to just jump on for the ride. Trading the moment with a filter. Only when it slows down can you use, say, the Jigsaw/Sierra Charts/ATAS extra data on the DOM to make those type of predictive plays based on seeing the market orders print. Looking at resting limit orders pulling/stacking seems to be a fool's errand in faster markets.
My biggest lesson has been to use a bigger stop and equal profit target. 10:10 is what I've been playing with.
Can you help answer these questions from other members on NexusFi?
