Scalping_My Way with ACV

Fascinating stuff, dcraig. What data source/charting package allows you to chart a history of cumulative bids to asks? I have TS and Ninja, and I've never seen anything like that on either.

Thanks.

 

The display is really cool.

 

IB data source and my own software.

 

It looks like the Market Delta software. Good job.

 

Here is an old thread on market depth that may be worth a read:

http://www.elitetrader.com/vb/showthread.php?threadid=42947&perpage=6&pagenumber=1

 

Jack I sure hope you will consider continuing posting your observations on DOM and T&S.

"DOM in the form of a button" could you explain further? Perhaps a screen shot? Not a ladder DOM?

I assume the T&S is "truncated" or gated to filter out low volume prints?

"Hang stalactites" for contract volume, I assume similar to the IB Volume histogram on Booktrader?

"Limits" are from the dominant stalactites?

"Direction" is from the appearance of Bid/Ask with significant volume within the 5 levels of DOM i.e. the wall?

I think I remember you saying the "small side wins" or the low ACV on the DOM dominates. This thread appears to say the opposite that price will move towards the dominant Bid/Ask ACV... but perhaps only if Cumulative Bid is 2x Cumulative Ask for example.

Jack would you mind putting a nail in this one for me?

Regards, BigMoose

 

TO ALL OF YOU A HAPPY NEW YEAR

 

would you say that you are the absolute perfect trader who never makes any mistakes? or is there probably still anything new that you could learn?

 

Could someone look at the picture I posted and tell me what is important here. The way I see it their are 47 on the Bid and 25 on the Ask. So ther are Twice as many contract on the Bid.

However the Bid prices are below the Ask prices. The way I see it this is telling me it should be going short, is this right?

Thanks for any help
Trusten

 

yours is ER2 DOM, the 2:1 ratio works best on ES I think.