Jigsaw Trading provides a unique set of niche software products for traders that are looking to improve their performance with Tape Reading/Order Flow Analysis.
Tape Reading itself requires total focus and a few very specific memory skills that not every trader possesses. A trader may have the skills to interpret the information flowing through, but lack the mental gymnastic abilities needed to absorb the information in the first place. Jigsaw Tradings' tape reading products consist of a "Reconstructed Tape" and a "Summary Tape" to remove some of the barriers in the way of being able to read tape. There are no indicators or systems, just two simple tools that enable you to see the interest, pace, control and results in a way that is not possible with the standard Time & Sales provided on trading platforms.
Whether you are using the Tape to define a scalp or refine a position trade, Jigsaw Tools will certainly improve your results.
By far the best Tools on the market
Now, I trade looking at Pete’s DOM and the T&S, nothing else. I can clearly see who is in control, when the control changes and what my style of trading is. I 'm finally becoming my holy grail. Thanks to these tools.
Now, I know why so many traders fail. They are looking at the wrong things, when it is all there in front of you. I have been able to pick the reversals one or two ticks to the high or low multiple times. I have a good understanding on management. It feels like, I'm printing free money, effortlessly. I trade with confidence, patience, and discipline. If you really want to turn the corner and become a profitable trader, you need to understand Orderflow. And Pete’s tools will make it considerably easier for you.
Essential for a tape reader. Amazing product AND service.
The D&S greatly surpasses the previous tools, nothing comes close to it's functionality and the incredible intuitiveness implemented, something only a tape-reader could appreciate! Of course, if a trader doesn't use or doesn't plan on using the time and sales and level II, then they won't help, but if they are used, I can't think of a single thing that would improve their trading as drastically and consistently as the Depth & Sales.
Besides a small chart for reference, this and a few of the other Jigsaw tools is all I use, don't need anything else. Hands down the best tool in the market. It doesn't tell me when to buy or sell, or give signals, it's just a tool that let's me interpret the information much better and earlier.
I owe it to Pete, not only did he provide me with incredible software, but the service on top of it all was great. He connects with all his customers and really cared about my own experience and progress using it. All in all, these took me to the next level, I no longer day trade to pay the bills and feed the family, I day trade for pleasure as I've reached financial freedom now.
This tool may be very useful
Overall pretty happy
I have had months of using Jigsaw. Pete Davies, the brainpower behind Jigsaw is a friend of mine. Our wives socialize and our children play. But, our real connection is our passion for trading and the trading ideas and experiences we share. I have watched the program develop with increasing excitement. I have no problem admitting that Pete is a better trader. He has a keen analytical mind and comes up with things I never imagined. The Jigsaw program has been helping me reduce the stress of trading and allows me to enter trades with more confidence. More importantly, it keeps me out of losers. Thanks Pete, you’ve do a lot for me.
Jigsaw Trading tools are plug in indicators for Ninjatrader 7. There are 2 products specifically - reconstructed tape and summary tape.
Reconstructed tape - this uses an algorithm to collect together trades that are likely done in the same order but appear in loads and loads of 1 and 2 lots. There is a description on the website of what it does exactly, it is not the product I use most.
Summary Tape - bow this, IMHO, is a great tool fr anyone who wants to learn about tape reading. For every pair of prices in a market (bid and offer), it shows how many contracts have traded at each price; how many contracts are currently bid/offered; and the net market delta. It scrolls down much like time and sales every time the market ticks up or down.
What is the benefit?
Speaking about the summary tape, it allows you to see the raw action in a condenced - but in now way smplified - form. For example, if at a particular price, 50 lots are traded at the bid (sold), and 1000 trade at the offer (bought), but the market ticks DOWN, that is indicative of someone, somewhere, manipulating the price. Summary tape lets you see this while, and after, it has happened. Likewise, if in a downtrend, a particular price is reached and is always lifted when it gets to a price (i.e. no contracts trade at the bid on several attempts), that is also indicative of someone trying to work an order.
Summary tape makes it easier to see in real time, and also retains the record for you to review if you missed it. There is nothing else like it on the market as far as I know.
What are the bad parts?
Jigsaw Trading products - so far at least - are limited to running in NinjaTrader 7, which has its problems.
Anything else I need to know?
disclaimer: I was involved in the beta testing of these products, and so I got a 30% discount off the retail price
If you haven't used Ninjatrader, there is also a package of "Gomi" indicators which you can download for a small contribution. These two tools combined provide an excellent (and cheap) environment for anyone who would like to explore market profile / market delta / tape reading techniques together.
Presently, the software is very much a "does exactly what it says on the tin" affair. I understand that upgrades and new releases will follow that, technology permitting, will expand on the present functionality at no extra cost to the user.
If you fancy giving tape reading a go, Jigsaw Trading could well be the crutch that gets you beyond the point of exasperation and gets you on the upward sloping part of the J-curve. It genuinly is the unique solution to a popular set of problems. Highly Recommended.
Very good product
Anyone wanting to trade the eminis with an understanding of the dynamics of depth of market to help them trade profitably should find this product invaluable.
Finally makes reading the tape a lot lot easier
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