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Is It Possible To Be Successful With A Chart Or Is Order Flow The Only Way?


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Is It Possible To Be Successful With A Chart Or Is Order Flow The Only Way?

  #11 (permalink)
 RielA 
Winnipeg, Canada
 
Experience: Intermediate
Platform: Sierra Chart
Trading: ES/ZB
Posts: 106 since Apr 2015
Thanks Given: 94
Thanks Received: 167

Regarding Charts vs Order Flow..

As speculators we are all at some level concerned with the direction and movement of price. Knowing the mechanics of this is essential for all traders (regardless of their style or strategies), therefore Order Flow is an important aspect of trading to understand.

Whether or not we use it at a execution or strategic level is another matter, as there are many successful traders on both sides of the fence concerning that. However I'm willing to bet that all successful traders understand what Order Flow is and how market liquidity and trade executions move prices.

So to answer your question.. Both.

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  #12 (permalink)
wallo101
Kalamazoo, MI
 
Posts: 18 since Jul 2015
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I just now realized i had all these comments on this thread.

I do agree about all the threads, probably one would have been good enough. I was at a point where i felt like i knew nothing so i thought i could get more opinions by starting threads.

I'm glad i did look up order flow the little that i did, because now i know how the market moves; when there are enough market orders to eat up the limit orders for that level it will move up or down one tick or more depending on how many market orders were executed. Because of this i see how HFT could work for huge players.

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  #13 (permalink)
voluma
Singapore
 
Posts: 65 since Apr 2015
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i believe both could work but with order flow, i think you could do better

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Last Updated on August 30, 2015


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