SierraOnShop – How to scalp the market with the DOM (PDF)

Why the Depth Of Market is essential?

“An analysis of trading-platform data shows that 80% of day traders are unprofitable over the course of a year”. Most retail traders we can see on internet are using tools based on the price. These tools are not relevant for scalping because we can’t predict the price based on the past. We need to use liquidity and volumes, and the DOM is one of this tool.

Tools used by institutional traders and hedge funds based on liquidity and volume

Depth of market
Heatmap
VWAP
Time and sales
Volume profile
Tools used by retail traders based on price

Thechnical indicators (RSI, MACD, Ichimoku…)
Moving average
Fibonacci
What will you learn in How to scalp the market with the DOM?
You will be able to read the Depth Of Market and all its elements (VWAP, volume profile, inside print…).
You will understand why it is important to go on a centralized market and why the US markets are the best market in the world/.
You will have a clear method with a checklist for structuring your trading .
You will know how to select the best trade with the highest probability of success.
You will be comfortable when you trade in any market condition.
Content:

INTRODUCTION

INTRODUCTION TO FUTURES MARKETS
WHY AMERICANS MARKETS ARE BETTER?
THE ORDER BOOK (=DEPTH OF MARKET, DOM)

WHAT IS THE ORDER BOOK?
BID/ASK
INSIDE PRINT
VOLUME PROFILE
SPREAD
HEATMAP
DIFFERENCE BETWEEN LIMITS ORDERS AND MARKET ORDERS

LIMITS ORDERS
MARKETS ORDERS
WHY SCALPING IS BETTER WITH LIMITS ORDERS
THE DIFFERENT TYPES OF MARKET IN THE ORDER BOOK

HAVE A GLOBAL READING ON THE 4 AMERICAN INDICES

INTERPRETATION OF THE DIFFERENT ELEMENTS OF THE DOM (volume profile, vwap, spoofing, liquidity, market manipulation, absorption…)

CONDITIONS BEFORE PLACING A TRADE

WHERE TO PLACE THE TAKE PROFIT?

MONEY MANAGEMENT & RISK MANAGEMENT

GENERAL ADVICE

SOME TRADING EXAMPLES WITH THEIR EXPLENATIONS

Who is How to scalp the market with the DOM for?
This course is for traders who already has basic knowledge in trading (Chartism basis, draw support-resistance, place an order…) and want to explore the order flow world.

It is for traders who seriously want to use professional tools used by institutional traders. Nowadays, trading funds are looking for traders who know how to trade with the DOM!

It is for traders who want to see other trading strategies that we all see on a daily basis on YouTube, including : RSI, stochastic, ichimoku, MACD…