Hey Lamer! Good to see a familiar face.
I personally don't watch the DOM, T&S or volume even, because they've proven to just be too distracting to me. Occasionally I'll use NT's data tooltip tool to check volume on a particular candle but that's about it. I'm staring at the M1 chart like a hawk on that 9:30 open and I'm usually able to get a good read just based on the movement of the candles as they form, so for me, the more focus and simplicity, the better.
I personally don't watch the DOM, T&S or volume even, because they've proven to just be too distracting to me. Occasionally I'll use NT's data tooltip tool to check volume on a particular candle but that's about it. I'm staring at the M1 chart like a hawk on that 9:30 open and I'm usually able to get a good read just based on the movement of the candles as they form, so for me, the more focus and simplicity, the better.
DislikedHello Felix! Magnificent thread, congratulations. It's great to see somebody using a real platform and not that mt4 crap... Personally I prefer volatility and I trade CL and DAX on a daily basis, but the concepts are the same. Do you watch the DOM or anything lvl2 data? For me it added a lot. I.e.: In this post you describe the emotions / thoughts of traders that are trapped. In the middle of December I saw the EXACT same thing on the DAX. 1) I was lucky to be short, price went down from the high 30-40 ticks, and I had a decent 2-2,5RR trade...Ignored
If you can't tell what the herd is doing...you probably are the herd.