Jumper

Yep that was the question, which was answered 5 posts later. Not sure why its dragged on to 6 pages when you had your answer so fast. Ease up on the meds lol

Ok. Its official. There is something wrong with you. You don't get it do you, we aren't puffing up our chests and expressing our egos, I want to know about this stuff as well, and Bruno etc. have only offered to help as he says he does trade this way, which, as far as all of us can tell IS WHAT YOU ASKED IN THE FIRST PLACE!? You are being a smarta$$ about it all and having digs at people here for no reason, what is your goal here with this thread? That is what we are trying to understand, you asked if anyone trades using the DOM, they do. So now what? What do you want from here? We aren't questioning your ability or saying how good we are, WE JUST WANT TO MAKE SENSE OF THIS THREAD and YOUR posts. Just be clear and speak english. Everyone that has spoken in this thread is either offering to help or interested in this topic, yet you go on about not wanting anymore of our "help". What exactly do you want then? Why are you here? You just want to say you have seen pros trade and ask if anyone trades using just the DOM, which yes there is. So thats it? We don't understand you, that is the problem. We're not belittling you or showing how good we are and not offering "help" because we think we're much better than you, you're asking the questions, so people here are doing their best to answer them, then you randomly go off and say you don't need anyones "help". Like you think everyone is conspiring against you or something? Insecure maybe or something, I don't know. As far as Richard being my friend, I have never heard of or seen Richard before in my life, I just said I agreed with his post, which I do, it makes no sense what you are actually trying to do here. You ask question> people answer question> you tell people you don't want their help and to stop blowing up their ego. "Try and get over it".......try and get over what? This is exactly what we mean, why randomly say that? We are discussing this method and Bruno offered to answer any questions YOU had, of which you reply like this. WTF.

Yeah I agree with Richard, you have seen the pros trade, so you would have as good an idea as anyone, people here have told you they trade like it as well, as soon as someone asks how you trade so he can help you use the DOM, you go running for cover? Get on with it, you have asked if its possible to trade just using the DOM, it is. So now what? Thats all you wanted to know? Something you already knew if you can watch the pros.

You are allowed to hang around and watch from time to time? Don't you know what they use then? I understand the single axis thing, weird way of saying it but I get what you are talking about now So what are you after with this thread? Just interested, as if you already know what they use then what are you trying to achieve here?

What do you mean "numbers on a single axis"? Not sure I follow, by the looks of things, it seems as though you and me are the only ones who are wanting/do to trade this way, seems like a pretty tight-lipped subject

Yeah theres stupid ads everywhere here for some reason never used to be this bad, seems to be a recent thing?

by yourself? last time I went in there, I had to clean the cobwebs from the corners. used to be quite a few people in there once upon a time, dunno where they are now.

Yeah I know what you mean, I trade the same way, a video is the easiest thing I can think of to really show the way you trade, but if you aren't sure how to do it then might as well just keep doing what you're doing if you think charts will be useless as well. Most platforms have a feature that shows what trades you took though, which is what I thought would be useful. Anyway, looking forward to your trading.

No No don't get me wrong, I'm not asking you to post live charts in a split second when you are trading live and want to post live, maybe a chart before and after the session showing your trades or something? Just so we know what you are on about, instead of "short @ 82", we don't know what that is based off or anything? I thought it might be a bit easier to understand your trading and reasons for trades if you posted a chart of them after, or say what you're looking for before the session. By the way, I actually think videos are easier to take than screenshots, but please yourself

Do you know how to post charts, or maybe do a video? Its pretty hard to keep up when you are posting like that.

You mentioned about looking for volume @ price and seeing how it reacts there right? What do you use for that? Do you have a histogram in your DOM or some kind of ladder on your chart, like market profile?

Ok great, thanks for that. I try to watch DOM and T&S also, as well as tick charts, tonight I seem to be seeing things pretty well off T&S. Anyway, I'm looking forward to more of your posts, and no need to apologize!

Yeah that helps alot, thanks. What do you look for/see on the DOM? Are you just quick in and out of positions, quick scalps? or longer than that?

on what sort of time-frame do you trade? and by price action you mean what? "price action" is different with every trader I have met. Do you mean a 1 minute chart with just your candles/bars on it and volume? Interested to read your posts too, so keep going

PM me and I can give you some names of some books I know of, although I don't think these will help much, this kind of trading is something that is best learned from experience, hence why not many people can do it properly I believe, as you need to put in the hours before you start to "see" things. Don't get me wrong, I'm not an expert on this at all, I just really like it and it interests and appeals to me, and its definitely a lost art. As far as what you want to train your eyes to see, basically the big orders, big players, need to see what their intentions are and jump on board, also need to watch for acceptance, rejection, speed, absorption of orders, bids and offers being pulled, making one side of the book look weak when their intentions are really the opposite way etc. There are lots of things to watch for, seeing how price reacts to the bigger lots, determining whether its computers or people, watching for bots, fakeouts, icebergs. Million different things, which all take time to see, hence why I am no expert at this and there are no doubt much more experienced traders out there that know more about this, as I said I am very much still learning as you need to put the time in, simply because of the fact that finding anything on this topic is hard to come by! I think it would be great if we could establish some sort of group, of people that are all interested in this, power of multiple minds would only accelerate the learning. I agree with the indicator vs indicator, I'm not for, or against the use of indicators, whatever works for you, I don't really care, I'm not saying this is better than anything else out there, I think thats one thing that is clear, is that there are a million different ways to make money in the trading business, I know plenty of guys who use charts, some use P&F, some use EW, some use order flow/tape reading like we're discussing in here. Whatever suits you and makes you feel most at home is what will work for you. Just my 2c.

This sort of stuff interests me very much. For me, the fact that not many people really know how to do it inspires me even more to learn it, even if it takes months to do it all myself, I believe there is something in this. Pretty much all of the best traders I know do this one way or another, reading order flow, they all keep a very close eye on the DOM. I think T&S can help too, Seeing where the volume is happening, normally watching a chart you see a volume spike, but don't know whether its on the bid or ask or how big the order was, plus charts, although I do keep a few up, I think it hinders me sometimes as I get sucked into the typical "patterns" that are in the TA 101 books, the ones that 90% of traders use and lose with. I'm not real fussed who agrees or disagrees with me on this, its just something I feel, and something I want to learn, its trading and supply and demand in its purest form, I think its only a matter of time before you start to see things, the games that go on etc. if you keep watching it. If you're watching every single transaction go through, bots or algos or whatever they may be, its still going to be recorded, the speed of the tape, different momentum changes, big lots, lots of fast small lots, you have to start seeing it eventually I believe. It can only help your trading IMO, its certainly not going to hurt your results. I have read it and watched the video too, and I liked it. He said himself that it took months and months to start seeing things, which, even though I have watched his video and read the book, it will still take months to see anything, but ofcourse its in people to expect instant results and not put any of the hard work in.

Everything works and everything doesn't. Depends on the individual and how they implement it and their risk management. Context is key.

Did I ever say I was looking for answers that make me a better trader? Dunno what your problem is. As far as I know, this is a discussion forum, you know, for discussing things. Not everything has to help you become a better trader, sounds like your the one looking to become a better trader anyway. I am, for the second time, just interested to hear what people perceive a PA Trader to be, and what a PA Trader actually looks at, like if anyone looks at T&S or stares at the DOM, or whether they just look at a tick chart, 1 min, 5 min. Whatever. Not that hard to understand. Nothing to do with anyone trying to be a "better trader". Re-read the last sentence in my original post. :doh:

Well obviously it won't make anyone a better trader because no one is willing to share anything that will actually make a difference, and yes ofcourse finding a profitable method is more important, heard all that before. I am just interested to hear what people themselves actually think a PA Trader is, it gets thrown around a lot, when its not necessarily true.

Good post, thanks to all who have answered so far. So does anyone here actually trade successfully with a 1 tick chart? This for me is a pure price chart, every single move, no "overview" of a certain time period, just the market, it moves when it moves, not when the time runs out. Keep the discussion going, its something that it rarely properly talked about, I don't think a pure PA trader is one that just doesn't use indicators, theres more to it than that, they have that feel for the market, I suppose getting to know your market is essential for a pure PA trader. Thanks all again

Hi, For those of you out there, what ACTUALLY is tape reading, in our day and age? What do you think trading off "price action" means? 1min chart with DOM? Tick charts? T&S? I have a dilemma, all indicators I have ever used are completely useless, when it comes down to it, they might look fancy in hindsight, but thats about it. So I tend to try to stick to clean charts, 2m with volume and DOM, trading mainly index futs. What exactly is tape reading? Is using a time-based chart wrong for this because of time itself pushing the chart through, so you get a distorted perception? True price action would be something that is PURE price moving by itself, when it wants not being forced to draw empty bars/candles on a time based chart etc? Wouldn't it? I'm just interested to hear from those who ACTUALLY know what they are talking about, that have the experience, that can share with us what trading is actually all about, most successful traders I have seen, and this is personally, from my own experience, have been traders who scalp or trade with just price action, reading the order flow, watching for the bigger players etc It seems to me that its the 90% that get it wrong that are the ones that use MACDs, RSIs, MAs etc. Does it even matter what method/indicator one uses? It seems as though it doesn't, indicators seem to be of not much use if you ask me, so there has to be something else at play? Would be glad to hear some refreshing honest insights/knowledge about what it actually takes to read price action, what it takes to trade properly, the things that one should be looking out for etc. Please dont turn this thread into a fight fest, or a puff your chest up contest. Jumper.

You guys till around? I'm keen to get into PF more, keep the charts coming