Live YM tape reading scalping - daytrading for a living

[pipercolt1963]

You would think that 300 would have held, I wonder if he pulled that order before it hit it.

[DayTradersWin]

You may be interested in day trading, day trader, day trade videos - technical analysis - for wealth building

[ImC00LyourNOT]

hey im sure you answered this somewhere but what DOM software are you using i use infinity AT i need a faster data feed though

[TheDaytradingroom]

@ImC00LyourNOT Hi that was Interactive Brokers DOM with tradestation in the background. I find tradestation pretty quick though these days for data.

[TheDaytradingroom]

Thanks Josh, I actually used the DOW cash 8300 level as my final target in this case and stuck my bid at the futures price equivalent. I like to use the cash market where possible to keep an eye on key levels.

The initial setup was based on a closing drive taking out the earlier days low causing traders to exit quickly. Even more fuel to this fire was the false breakout higher at 20:11 London time sucking in buyers who now become disappointed as the low gets taken out.

[joshdance]

Thanks for another great video-- at the end you show the dow chart--did you use this as your setup for your initial entry, and then you went to the DOM to scale out?

[talebi818]

True Market Technician, very nice trade

Can you do a vid on combating HFTs and Algos in the Futures markets? Been hard finding them since there is no level 2 for Futures.

Thanks

[TheDaytradingroom]

@talebi818 Thanks. A vid about spotting algos, nice idea.