The following is a short extract from the course "How To Trade The Futures Market", please click here Trade Futures Course for full details on how to obtain the full text, futures trading simulator along with sample data and bonus trading ebooks package.

Find: Order stop place open big sell long 5232 mind looking.

main point is that the information available in the DOM is only part of the picture and it is not certain. Because of these factors I do not use the DOM as a means of gauging the strength and weakness of the market. It is not simply a matter of adding up all the contracts that are bid and comparing it to the number of contract for offer. It is useful, however for deciding where to place an order. If you were long at say 5232 and you were looking for a place to put a protective stop, hiding it behind a big order is a good idea. So putting your sell stop at 5229.5 is better than at 4230. To trigger your stop at 5229.5 the 14 contracts at 5230 will have to be sold first. Similarly if you were short from 5232, you might want to put your protective buy stop at 5237.5, as there is a bulk of orders between 5235 and 5237 to work through before your stop can be triggered. If you were looking to open a position, placing a bid to go long one tick in front of a big order is a good idea because you will be filled before the big order instead of after it. If I wanted to go long at the current prices in this example I would place a limit order to buy at 5231 and if I wanted to sell I would place a limit order to sell at 5232.5. With these orders I would feel confident that I would get filled. 75 Chapter 11: Executing Trades Our ability to execute trades efficiently is dependent on our state of mind. We want to maintain an: Open Focused Objective Positive And flexible mind Such a mind is open to opportunity and quick to accept and respond to losses.

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How To Trade The Futures Market

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