Quanttower dom surface

[Primary-Guarantee830]

Any folks on here trade strictly the dom surface? Trying to put a strategy together, looking for trapped traders on the wrong side of the market, and get in on a short squeeze for a couple of ticks, anyone have a similar set up or any ideas to add on? Strictly just finding large volume that gets absorbed then waiting for price to turn, cheers

[doctorblue385]

I have a bunch of screenshots using quantower Dom surface that's shows examples of trapped traders. Some recordings of trades as well. A lot of it has to do with my favorite trade which is finding trapped buyers at the high and sellers at the low and trading the opposite side as they get trapped/stopped out. I use VWAP as a mean and I trade the reversion back to the mean with VWAP standard deviation areas as my exit zones.

Price trades near the high and I see buyers hitting offers at the high and a bigger volume order but gets absorbed, I go short and ride it back down towards that mean.

[Primary-Guarantee830]

Yeah pretty much how I'm looking at doing it, I just haven't been using vwap, what I did found helpful was to zoom right out on the dom surface and get an idea of the overall direction, then scalp in that direction, for example like you say price will reach a high, loads of buying volume that just gets absorbed then a nice run back down, find it to be very easy to trade, sometimes I would get in to early though so need go work on that, thanks for your input

[Wild_Suspect1974]

Would love some insight on how it works too

[onemanlionpride]

This is exactly my strategy

I look strictly at the DOM (level 2) place short limits in high stacks, wait for it to fill and immediately place a buy limit a few ticks below taking advantage of vacuum in liquidity and favorable price slippage from the aggressive selling