Extracted Thread (per thread starter's request)

Thank you rocky, im honored by your answer.
I think exactly the same. The more i progress in my journey, the more I see that context is the most important thing. Sadly people (and commercials) don't talk about these things. When people post they usually post an already winning trade and they simply say "6E pinbar", or "6B 4h BEOB bamm". The new people and people who get stuck in the box see only these PA patterns and some mediocre confluence with levels. However they totally forget where the market is going, and what it wants to do. Do you mind sharing your Context analysis a few times? Im very curious.
RR is also very important. Honestly as CL lost a bit of volatility in November I have gone a bit underwater, cause I was still expecting the good 4-5R trades Whatever.

About Jigsaw / Tape / No BS.
Honestly ES and ZN were too thick for me. Especially ZN. Im really the volatile type of trader i like to trade volatile makrets and I haven't found that much amount of games on CL or YM regarding the DOM.
However I might have a tip for you. The jigsaw DOM "resets" itself if a given price is not traded for 2 seconds. So if 30.00 trades then price leaves it and gets back 5 seconds later I doN't see anymore what was traded there before. For me it became very confusing after a time so I pushed this 2 seconds up to 15 or 30. Thus my DOM became something like a fast moving Footprint.

Last friday I had a DEMO trade (as Im only experimenting with trading the close). It demonstrates the concept well. If you look at the DOM you see that price traded up with a nice Momentum, but then hit a node, where sellers were stacking the offers. I enterd 3 cars with 6 tick SL. Went into the Round Number, reversed took my out at BE cause I was too greedy Whatever.
I also suggest you to aggregate the large trades on the tape. Thus you dont see "1 1 1 1 1 1 1" but you see a 20 print.
When I had time to record my trading (August-October) it helped me tremendously. Unfortunately as not being a trader for living yet now I dont have time to look through the tape / analyze the whole recording.

Personally I also had OFA, but after a time I didn't like it cause for me it was like a black box system. And it somehow felt wrong to rely on something, when I don't even know what that thing is.

Anyway.
Looking forward to your market structure commentary And also for some DOM videos
PS: You can also try YM. That moves much better than CL... Much more $$$$

Cheers,
Stephen

Very nice Rocky!

Thanks SRT, this was a perfect example of how to follow Big Volume. Rocky.

Hi Rocky and all the rest. I just found your thread about a week ago. I read through half the posts here and I am really impressed with the content and support from all.
I trade the forex spot market currently using PA, S/R, Fib ret and currency correlations.

I have watched some Sam Seiden videos and been to other sites, RTM -Read The Market to learn more about S/D trading. I guess my question is,

with the trading strategy Rocky taught on this thread in the beginning using BB Fibo ex, ret, TL of this thread still relevant compared to how Rocky trades today
using VSA OFA and the rest?

I've never traded futures before and I get and understand about the volume issues that the forex spot market has. But if the futures market is the place to be to gain more transparency, I would have to seriously consider making a transition.

Thank You Sincerely

As further my reading this thread, I found on pg 59 post 1170 a post from Laurence asking Rocky pretty much the same thing I did from my post above

Rocky replied in post 1171 basically saying, everything he taught is still relevant.

Time to get to work finding fresh demand zones and applying the tools that Rocky spelled out for confluence and confirmation
and also get a demo account to trade futures to learn the newer tools VSA, OFA and such

Rocky Thanks for Having This Thread

artimusfree

Hi!

Futures are centralized - yes, and thus they give you transparency for volume.
But never forget that trading is 85-90% psychology 5-10% MoneyManagement and ca. 5% technical analysis... Don't think that rocky is profitable due to these tools and spending shitload of money on these will have a huge impact on your trading.
There is a forum (ca 100-150 bucks is the lifetime membership) where you find tons of tools for NinjaTrader. The footprint is called gomi footprint ladder... Just google it. It's the same as OFA...)

Good Morning Stephen and Artimusfree. Artimusfree, LamerTrader is absolutely correct in saying that you do not need the software that we both own to be a successful
trader. The tools simply give use a slight edge that will improve the returns that we gain. Basic chart structure, Supply/Demand, Fibs etc....are more than enough
to get by in this business. Just don't expect to become a millionaire over night.

There is plenty to learn from my post and Stephens post that will keep you busy in educating yourself on the proper way to trade. One word of advise is don't get hooked on using lagging Indicators for your analysis. That road will lead to failure, Good Luck, Rocky.

Thank You LamerTrader and Rocky for replying to my posts. Your well deep experiences and advice are greatly appreciated.

I'll have to look into gomi footprint ladder for curiosity sake. As of now I'll be trading in the forex spot market. It's going to be a good learning curve
for me to learn about the futures market and all that is involved with it, plus the Ninja Trader platform, which I just learned Ninja Trader is a futures broker who bought out Mirus about a year ago or so... anyway

I'm looking forward to the task at hand

Thanks again and good trading

artimusfree

You can get free feed:
http://www.ampfutures.com/ninjatrader_cqg.php

And renew it every 30 days. Ninja platform is way more serious than MT4. You will need a few months until you figure it out but it's well worth.

Best of Luck!

quote You can get free feed: http://www.ampfutures.com/ninjatrader_cqg.php And renew it every 30 days. Ninja platform is way more serious than MT4. You will need a few months until you figure it out but it's well worth. Best of Luck![/quote]

Thanks LamerTrader I'll have to check it out

Good Trading
Artimusfree

Or you can just call it support and resistance. :-)
Doesn't really matter until you are buying low and selling high :-D

Doesn't really matter until you are buying low and selling high :-D

Stephen, How would you determine if you are buying low or selling high? A candle will not give you that information. As you know since you own both the OFA tool and the Jigsaw tool that the only true way of putting the probabilities of a successful trade on your side is through order flow and market imbalances.

Not all Support/ Resistance/Supply/Demand levels are created equal. When PA approaches these levels 99.9 % of the F.F. community have no clue what's inside that candle, they can not see the Imbalance of Bids and Offers once PA hits that zone/level, which is extremely important. They cannot see what created that level in the first place. Supply/demand/support resistance levels are not created equal. If that was the case then everyone would buy at demand and sell at supply thus eliminating liquidity, there would be no market.

Volume imbalances make it easier to identify strong levels in the order flow and avoid the weak levels.

Looking inside a candle where 7 contracts hit the Bid and 4000 hit the Offer say's a lot about that level. If price moves away from that level and returns a few hours later ​then my radar is on and I'm intensely examining the Depth of Market for an entry either long or short. These are tools that have increases my win rate even though they are not necessary in order to be a successful trader. The tools keep you out of weak trades, let you know when to cut your losses short and when to enter with the least amount of risk.