Whenever you place a trade, you do so because you expect other traders to behave a certain way after you enter. For a reversal trade, you expect the majority of traders to trade in the new direction. For a breakout trade, you expect them to carry on aggressively trading through the level. The Jigsaw Order Flow Software Tools provide the clearest way to see if “right here, right now”, the behavior of traders really is changing as expected. Sometimes that means you don’t get into trades because you can see overwhelming trading against you, sometimes it confirms your trade and sometimes it helps you to get in at a much better price.
Who uses the Jigsaw Tools?
|The Jigsaw Tools are used by professional and retail day traders of Futures, Stocks and Forex markets. For a more in depth look at who uses it and why, watch this short video.||
How will I benefit from using the Tools?
||As above – it doesn’t matter where you want to get into the market or why; you will benefit from knowing how the behavior of traders is developing as you get to the point where you want to take a trade. It doesn’t stop once you enter a trade either. Once you are in a trade, you can monitor trader behavior and cut obvious losers before they hit your stop loss. This short video runs through the main benefits.|
The tools offer everything you can expect from a traditional DOM and Time and sales but with many advanced features not present on traditional tools. The format is intuitive and easy to absorb. Experienced Proprietary traders have moved to the tools and been up and running in less than an hour. We present information in a various different ways – numbers, histograms and power meters allow you to mix and match the display to accommodate your preferences. We have advanced order entry features such as Queue Position display, one click order place, move and cancel as well as an “Order Cleanup” that prevents you from inadvertently leaving orders open after exiting a position. We have alerts for various Order Flow “Events” that occur such as when a large trader is trying to hide their real size with an iceberg order.
Key Benefits Run Down
Just like price charts, there are many ways to utilize Order Flow and the Jigsaw Tools are no different in that respect. We can’t cover all the features and benefits on this one page. There are lots more videos on our Free Lessons pages. Let’s take a walk through the major benefits.
|Auction Vista Order Flow Heatmap (included with the lifetime license) accelerates the learning curve and with its visual representation of both historical and real time order flow information.|
|For those new to order flow software, the first skill you will pick up is being able to recognize momentum. If momentum is clearly to the downside and you take a long trade, well – you’ll just get run straight over. If you follow our beginner’s video, you will learn to recognize momentum within hours. Here’s a look at how we can clearly see momentum with the tools:||
||Traders naturally progress onto being able to read more nuanced movements, the way the trade flows. This is much easier to see than explain, so let’s leave the video to do the work.|
|Recognizing absorption and iceberg orders is essential. In essence, it’s the ability to read when someone is stepping up and absorbing the buying and selling, often building a position before driving the market for a reversal. With Jigsaw, this is easily apparent. Here are some examples.||
||In terms of trade management, once you are already in a trade, we have a few neat features that make it easy to discern between price moving your way and order flow moving your way. The idea being that if a market moves against you with weak order flow, it’s not time to panic and close your trade. If price moves against you with strong order flow, then you really do have to consider cutting and you can do that BEFORE your stop is hit.|
Putting it all together – the Learning Curve
|It’s a natural question to ask how long it will take to learn how to use the tools. With order flow, some benefits will become apparent before others. The ability to read momentum is the easiest skill for most people to adopt and that can be used to both help you manage trades AND ensure you don’t enter the market when there is overwhelming momentum against you. If you are new to Order Flow, it’s best to spend just 1 or 2 hours a day watching it. Within a couple of weeks, you should be using that recognition of momentum to significantly improve your trading. Here’s more on the learning process…||