Hi,

I'm looking for advice on reading orderflow at the micro level.

I understand that you can't just watch trades being executed and take a trade anywhere, these things need to be considered in context (support and resistance), and not taken in a vacuum.

I'm looking to trade the ES intraday, marking support and resistance on a higher-time frame chart for context (30 minutes) and then taking trades on a smaller timeframe intraday chart such as a 6 range or 4 renko.

How do you visualise who is in control at the present moment? I want to understand how and why price moves, why it stops and who is trapped at any given moment.

I've attached a couple of charts below - Does anyone follow what he's trying to indicate and what the indicators are showing?

Can anyone point me in the right direction, please?

Thank-you,
Thomas

thomasblake 

Hi, I'm looking for advice on reading orderflow at the micro level. I understand that you can't just watch trades being executed and take a trade anywhere, these things need to be considered in context (support and resistance), and not taken in a vacuum. I'm looking to trade the ES intraday, marking support and resistance on a higher-time frame chart for context (30 minutes) and then taking trades on a smaller timeframe intraday chart such as a 6 range or 4 renko. How do you visualise who is in control at the present moment? I want to understand how and why price moves, why it stops and who is trapped at any given moment. I've attached a couple of charts below - Does anyone follow what he's trying to indicate and what the indicators are showing? Can anyone point me in the right direction, please? Thank-you, Thomas

Hi Thomas - sounds like you may be interested in watching these videos

Free Tape Reading and Order Flow Training Materials

They provide both theoretical and practical aspects of order flow - they helped me significantly to understand things like who's in control and why.

thomasblake 

How do you visualise who is in control at the present moment? I want to understand how and why price moves, why it stops and who is trapped at any given moment.

For the "how & why price moves" - I use the analogy of "floors & ceilings" to describe how market orders (well, actionable orders) consume liquidity in order for price to progress.

Webinar was on BMT & is here: https://nexusfi.com/webinars/may4_2013/order_flow_techniques_part1/

The first 20 or so minutes describes the mechanics of price movement.

Remember - there's always a lot of people doing a lot of different thing - so it's not an exact science, with exact answers all the time. It's about seeing things that tip the scales in your favor...