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Advice for all that are trying to scalp forex

  • #21
  • Nov 17, 2015 5:15pm Nov 17, 2015 5:15pm
Quoting JoeNY
Stock trading is painfully slow and more to lay out. IMO. No love from me on stocks but Futures....... Hey, give futures and the DOM a shot. If it works for you, cool. Using the DOM while comparing the order book at the same time is what I see most claiming to do. If it doesn't work out, I would put the time and energy into just simply reading the candles/bars while at the same time comparing the volume although not necessary. You will not be wasting your time. Good Luck.
it depends of your style of trading. for me its scalping, and the way how i trade it from DOM. i see no reason to scalp like on 5min charts,
let say you see pinbar on 5min on chart.

i see what all happend during this pinbar and i know all auction was done then let say you see 5min pinbar with big volume and you decide go short coz you know based on history that after pinbar with volume is chance to go short.

but in my perspective all was done. and its no point to long or go short, i made my trades during this pinbar.
hope you see my point what i want to say.


thats why i am not tring use some candles and have no point for me trading pure from charts.
i tried VSA and then i switch to DOM. coz VSA was missing something for me .

but some ppl can trade using charts and activity forex volume.

just for newcomers that struggle in forex. iam just saying there can another way that make at least some sence.
  • #22
  • Nov 17, 2015 5:16pm Nov 17, 2015 5:16pm
Quoting adriann
For all that trying scalping on 1min-5min. i give you my 2cent advice. dont bother with indicator, oscillators. dont waste time on FOREX.(big spread never can give you pure scalping opportunities) dont waste time using all kind of system that are commercial or not. Move on to the market that give you real volume (use level 2 data for order-flow) For example some - Futures market: trading Emini S&P500) - Interest rate market: US Treasuries (TBONDs) or european variations of treasuries bonds on EUREX like "FGBL,FGBM,FGBS" (best for scalping imho treasuries...
Volume these days is masked through options trading so it doesn't provide full picture like it used to.
  • #23
  • Nov 17, 2015 5:27pm Nov 17, 2015 5:27pm
Quoting Phil_GMT
How can you tell real orders from fake? see sp500 bar chart below source : http://www.zerohedge.com/news/2015-0...ini-just-today {image}
you make a point
and you see it right on that chart.

they are quick in and out.
therefore you see so much volume buy and sell
they not going for big 200ticks profit, all happend near 2-5 ticks of profit. depends on market
if you study dom you will see how recognize spoofing vs real bid/offer and more important which one is spoof buyers or sellers.
which one is pulled and stacked bid or offer ?
how fast is traded. how big prints are
this all you cannot see it on forex chart

and on these information matters during scalping.
  • #24
  • Nov 17, 2015 5:28pm Nov 17, 2015 5:28pm
Glad to hear it's working for you. That's what it's all about and that's all that matters. Any trade style that is based around trying to read the order flow is valid in my book. Stay green my friend....

Quoting adriann
{quote} it depends of your style of trading. for me its scalping, and the way how i trade it from DOM. ....................
SPC * Swollen PocketZ Crew!
  • #25
  • Nov 17, 2015 5:31pm Nov 17, 2015 5:31pm
Quoting merquise
{quote} Volume these days is masked through options trading so it doesn't provide full picture like it used to.
yes also on Bonds market Spread trading exist
they buy and sell on different Yield curve like TEB spread.

but its not make any different what you see on DOM
you focus on wich side is stronger or weaker.

sure its not easy
but it make sence.
  • #26
  • Nov 17, 2015 6:29pm Nov 17, 2015 6:29pm
It's in fear when people show what they truly value.
  • #27
  • Edited 7:36pm Nov 17, 2015 7:09pm | Edited 7:36pm
For anyone trading futures, if you like to follow the big money since they move the market, try some tape reading in conjunction with S/R.
When price reaches an important S/R level, watch the tape to see who's being more aggressive with their orders. If big orders are being filled on the ask then price is often headed higher. If big orders are filled on the bid then price is often headed lower.

I feel it's more reliable than watching bid/ask on a DOM since the tape shows trades just closed. Bids/asks can appear then disappear just as quickly so hard to tell what's real & what's "manipulation". The tape shows money put in the market so it's all real.
  • #28
  • Last Post: Nov 18, 2015 2:35am Nov 18, 2015 2:35am
Quoting srt
For anyone trading futures, if you like to follow the big money since they move the market, try some tape reading in conjunction with S/R. When price reaches an important S/R level, watch the tape to see who's being more aggressive with their orders. If big orders are being filled on the ask then price is often headed higher. If big orders are filled on the bid then price is often headed lower. I feel it's more reliable than watching bid/ask on a DOM since the tape shows trades just closed. Bids/asks can appear then disappear just as quickly so...
Agree with you,

but DOM show you actualy traded volume as well. so you see speed of this volume as well as on Tape.
tape is hard to watch and you can easy get lost on which price is holding and not, especially you hard to see Spoofing and icebergs (hidden refreshing orders)

check this out , little customized DOM.
you dont need tape then.
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