The most obvious use of this is to see the change in trading activity at key inflection points (e.g. The Pace of Tape (PoT) Smart Gauge comes in over 50 styles and gives you an easy to absorb view of the pace of trading in a market relative to recent historical average. Where traders are stacking (iceberging) and front-running the market in anticipation of the market holding.Where traders are pulling(cancelling) their orders, to avoid a move.Likely location of stop orders/where traders are positioned.The impact of trades hitting the market.
Regardless of how you will make decisions longer term (via the DOM or our more visual tools), spending time doing drills on our DOM will pay off huge dividends in terms of your market understanding. This is where we get a visceral feel for trading activity. It is here we see the interaction between passive traders (limit orders) and active traders (market orders). A tool that is the cornerstone of the proprietary trader’s decision making process. The Depth & Sales is Jigsaw’s interpretation of the Depth of Market (DOM).
