Resource to learn trading DOM

Well if that thread is any indication...that's far from it...sorry.

Trading on dom or price ladder is irrelevant to your chosen holding time.

Some good suggestions given, mixed in with a lot of ignorance though.

 

Correct, DOM is only good for few ticks give or take. That is why I abandoned it.

 

Thank you so much for the valuable information

 

Heard about Propex, but don't think they do offer educational course. They offer in-house training for their recruited traders if I am not mistaken. Very competitive to get in too.

 

Yeah only a few ticks..



I guess it just didn't work out for you.

 

Which instruments do they trade? I don't think DOM specifically (vs orderflow, volume profile, etc) is applicable to such liquid instruments as ES or NQ.

 

And your point is? a human can only trade 1 Dom at a time, algos can infinite. I eventually matured to algos.

 

I guess the question is - why couldn't the algo be adapted to go for larger moves?

 

Exactly...a price ladder doesn't necessarily and automatically make you a 2-3 tick 50-100 r/t scalper...many use it as an entry refinement tool for whatever time frame a trader feels most in tune with.

 

Point is...your preferred trade "time frame" has little to do with using a price ladder. Just because many scalpers do really well on a price ladder doesn't make most price ladder traders scalpers.

btw that was not an algo...easily done with KB shortcuts.

another


There are specifics to look for using a decent ladder and no NT8 doesn't cut it.

Unless you know how to read...last trade quantity,bid/offer reloads,flipping conditions and trade velocity...you don't know how to read a price ladder.

Yes I have also added a few execution algos,but the above is what I have been manually executing on for a few years...just missing less now.

My last post in this thread...all the info one needs has already been posted.

Goodluck!