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What is this fascination or rather infatuation with order flow?!
Time frame of your trades and the size of your own trades changes the order flow.
Order flow in real time in an electronic exchange is doing you zero as far as I'm concerned with the mkts. It is just one more set of noise.
Focus in my opinion would be better spent looking at time and sales and previous prints in a latent space in order to possibly find an edge for the future direction.
Up is up and down is down that is my order flow.
Seems to me anyone teaching the virtues of order flow could not make order flow
Work for them or they would not be teaching.
Jigsaw is far from any type of holy grail unless you created built and profit from creating a new way to visualize big data which is all they did.
Fancy and blurry bubbles of different sizes may be more fun and interesting than candles and bars on a chart and if that helps you then good for you, but anyone saying
Order flow for retail human eyes or even auto populated spread sheets for an at home computer has real value then I say question the value of that person.
Hey fellow aussie!!
Love your thioughts. Are you watching imbalance on tick charts/DOM and targetting 2-5 ticks OR watching imbalances into floor/ceilings like this?
USA close session just gone. I enjoy this way the best I think. Each to their own this game. I tried scalping but its too fast for my small brain LOL. I am enjoying this way. Any thoiughts greatly appreciated. Thanks.
order flow gives me a head Ak . swing trading is less stressful and time consuming . using a stop of one days ATR with a profit target of one weeks ATR is a much simpler process . it also cuts a lot of expenses of trading , special data and software , news feeds , commissions , slippage , over trading , not being able to execute your trading plan ect. ect . it cuts the time element , looking a a screen day and night , searching for endless information , endless preparation and documentation , you have a more normal life . i know how to use order flow , its not that . i traded the ES ever day for 5 years . just an alliterative view . hope it helps
Cheers mate!
Heres US close that just happened. It was a lot of fun. missed imbalance move but still got many moves. even the failures make $. imo understanding volume, deltas, auctions vs weak liquidity is the key. But hey each to their own. 5:1 minimum today. 10:1 if you got them all and managed properly with full focus. incredible. happy trading!
Thanks.
Its just Sierra Charts. Pretty standard.
No, the white lines Ive just drawn those to show the exh/abs/hvn of deltas/volume.
LOL just realised my delta on that chart is wrong. Should be Volume not Trades.
I like to keep an eye on the volume profile for clues relative to where price is in each individual auction; and have started looking at 15 minute bar ends for testing areas that show supply and demand areas to trade against. Remember that algos move probably 90% of the trade volume so try to determine via patterns and the above where to best place risk.
Order flow (I think) is an extremely nuanced and technical approach to trading, making it probably even more difficult than using technical analysis on price charts. But then I started trading almost 40 years ago before there was any of this stuff even available so I had to learn to do with what I had. Looking at bar end testing on 30 min and 15 min bars can really tell a trader a lot about supply and demand zones. Combine that with a good volume profile set to session start and end, will be a simple and robust way to approach proper risk placement.