What good is the DOM?

Discussion in 'Order Execution' started by macattack, Sep 9, 2013.

  1.  
    #21     Nov 18, 2013
  2. yiehom

    yiehom

    Read the whole thread. I know of a system that preaches just the contrary of that acv system, that is to trade with the biggest side. Now, I think going one side or another is egal, depending on the timing


     
    #22     Nov 19, 2013
  3. RedDuke

    RedDuke

    That's exactly why I started that thread. More often than not, the price gravitates to size.
     
    #23     Nov 19, 2013
  4. yiehom

    yiehom

    When playing large numbers, I have breakouts on mind. They happen at the same zones, obvious supports and resistances. Since I know great majority of them fail, I presume that more often that not the large number will stop the prevailing trend and reverse. The advantage with the dom is that you can watch it play in real time and the guess part of the job is lessened: you see when say the bears step in and don't have to wait for a pin bar to close or the rsi to cross below 70, which can be dozens of ticks too late and you should already be trailing your stop to BE.
    Main problem is the speed of action at those zones, you don't get the leisure to hesitate, or you will miss the trade. But you also very often have a second chance to enter.


     
    #24     Nov 19, 2013
  5. RedDuke

    RedDuke

    Exactly why I coded and display DOM pattern visually on a chart. Automating it is another game all together.
     
    #25     Nov 19, 2013
  6. Paddler

    Paddler

    Thanks for the earlier reply, Jack.

    Last question. How can one monitor and compare the velocity of the T&S and the velocity of the adds and pulls? It doesn't seem possible.

    TIA.
     
    #26     Nov 19, 2013
  7. yiehom

    yiehom

    Agree with the impossible automation part. I guess that is why we are here.
    What did you code that doesn't show on a dom?

     
    #27     Nov 20, 2013
  8. Either manipulation or legitimate orders. But they're targeted because they have to be. Meals for the hungry.
     
    #28     Nov 20, 2013