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Learn how to use the Market Depth

You should upgrade or use an alternative browser. Discussion in ' Strategy Development ' started by rhay , Dec 23, Log in or Sign up. I scalp the Dax mainly and try to use market depth to position my entries and exits. I realise that this is an inexact and sometimes unreliable science because of the limit display only, pulling and spoofing etc.. However, I do feel that it has something to offer and think I profit from it in quite a lot of my trades.

Has anyone else noticed patterns that they use? I scalp the dax quite heavily.

Generally, I believe that putting stops behind size or getting in behind size will yield poor results in the long run. The market will very often trade to size, so you might be catching a falling sword on frequent occasions.

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Just so you know what my angle is, I trade around to contracts a day and more on active days. I trade but I also bring on guys and train them to trade my money. I thought you should know that my comments are based on experience.

Hi Rhay It is interesting that you bring up the subject of market depth. I to scalp the dax but not to the same extent as FutureTrader71, I trade between about round turns aday.

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I have spent a considerable amount of time studying market depth and I do feel as though there is an edge to be had in there. When I studied MD I was looking at the ratios between the bid and ask sizes at different levels and came up with some very interesting results. FutureTrader71 I take it you have a direct connection to the exchange and only look for about ticks at a time?

Have you ever looked at bid ask ratios using the DAX market depth, as my long term aim is to automate my analysis of different ratios at different level of market depth? FuturesTrader71, How many trades you do on average per day? But let me tell you that only a computer would be able to do that for you.

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