DislikedLamerTrader, for me when I conduct my analysis it's all about context within my chart structure, that's first and foremost. It's usually based on a daily or 4 hour chart. From there I use the tools I have invested in. For example the market profile tool, OFA tools (MVH, MVL, LOW VOLUME NODE, POC), then the free tools such as Fibs, Trend-lines, Channels, VSA. Then I look for confluence within my market structure. This may be a Demand/Support zone at a low volume node confirmed by vsa or OFA. It may be a 618% fib extension with trapped buyers (OFA)...Ignored
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
It's all psychology...