Dear Trader:
 
You may have attended some of my recent webinar sessions at which I showed how I have used the DOM (depth of market) trading tool to substantially increase the experimental real-time account in which I taught myself to use this incredibly powerful tool.

DOM is not the Holy Grail of trading but it is absolutely amazing how much information it can give you about support, resistance, buying power, selling pressure, timing, and more effective order placement, especially if you are a short-term trader.

So many of you have asked me to present a webinar wherein I teach how I use the DOM to maximize my timing and to make very short-term trades as well as day trades. Don't get me wrong. Using DOM Is NOT a mechanical trading system. It involves a thorough understanding of what the information means but moreover a dynamic decision making process of how to apply the extremely valuable market generated information that DOM can give you.

In order to effectively use DOM (see example of DOM screen shown below) you need to understand exactly what the display tells you and what it means. As the DOM data changes, which it does constantly during the trading day, you need to understand what the changes mean and what they are telling you about the status of the market but moreover what will happen. Using DOM successfully involves time, study, and planning. I will show you what I have learned.

No one taught me how to use depth of market. I learned it myself by trial and error and I believe I can shorten the learning curve for you and help you implement DOM effectively. Whether you're a day trader, a short-term trader, or a position trader, DOM can give you valuable information to help you pinpoint and vastly improve timing for entry and exit.

Do you understand it? Do you know what it means? Do you know how it can give you valuable information about what's going to happen next? Sometimes DOM tells you that everything is in balance. There is no advantage to the buyer or seller. And other critical times DOM can tell you whether you're better off on the long side or on the short side. And then, once you're in a trade DOM can help you exit the trade at an optimum price. Why? Because DOM shows the balance of buy orders below the market and sell orders above the market so that you can judge whether there is buying power or selling pressure. These are my terms that I have developed from my own independent study and application.