Hi MWF


Yes, I normally trade for just 5 to 20 tick targets and get out.
So the imbalance on the DOM, imbalance on a foot print chart while watching a time & sales tape.

I used to trade longer time frames but after 20 years, got sick at looking at charts trying to guess where price is going by looking at a fixed chart for hours and hours.

Good luck with your journey.

Cools81 

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.

You don't need to figure order flow out, just trade with imbalance signals on an inprint chart, providing the time & sales tape is strong Red or Blue.

willieboy 

Don't waste your time you will never figure out order flow

RickM 

Hi MWF Yes, I normally trade for just 5 to 20 tick targets and get out. So the imbalance on the DOM, imbalance on a foot print chart while watching a time & sales tape. I used to trade longer time frames but after 20 years, got sick at looking at charts trying to guess where price is going by looking at a fixed chart for hours and hours. Good luck with your journey.

cheers for reply. Have to ask, MWF? whats that stand for?

Virtu and citadel have massive daily volumes at the cme. A guess would be at least 30% and I read upward of 50% a few years ago.Theybare the synthetic mkt makers. Anyone can try and compete of course that's why cme futures stock indexes do not need bonafide mkt makers or designated ones. Those hft always ready to put on a trade against you.

MrTrader 

I dont use footprint charts but I felt kind of confortable viewing your chart.. would you mind to share a template of yours? You know.. right click, template, save as.. I think those are all NT's standard order flow indicators, right? I mean, no proprietary indicator.. so I could load the template without any errors... Cheers Sent using the nexusfi.com mobile app

footprint indicator is available from here https://nexusfi.com/local_links.php?linkid=1776
bottom indicator free is proprietary from futures analytica. their footprint looks the same as this free one on this site.
the horizontal channels are the horizontal drawing tool in ninja trader.

just remember footprint is just another tool that can be used to your advantage. Iam also looking at price charts as mentioned already by some experienced traders.
For me footprint is proving to be a very very useful .

yiman 

footprint indicator is available from here https://nexusfi.com/local_links.php?linkid=1776 bottom indicator free is proprietary from futures analytica. their footprint looks the same as this free one on this site. the horizontal channels are the horizontal drawing tool in ninja trader. just remember footprint is just another tool that can be used to your advantage. Iam also looking at price charts as mentioned already by some experienced traders. For me footprint is proving to be a very very useful .

Thanks for all the infos!
I do have a lifetime license, so all order flow tools are avaiable for me..
I was refering to the chart template, if its possible to share the file would be nice,
Thanks!

MrTrader 

Thanks for all the infos! I do have a lifetime license, so all order flow tools are avaiable for me.. I was refering to the chart template, if its possible to share the file would be nice, Thanks!

Here You to

Keep at it. its not rocket science , once you grasp the ideas its really quite easy.

check out some of the videos by axiafutures and tradepro on youtube,
There is enough there to get you profitable.

No. Oder flow is just a way to structure analysis of the data generated by the tape.

Chart patterns, candle patterns, TA, is mostly dumbed down order flow.

It's kind of like cereal really. There's plenty of kids that just only eat a bowl of cereal for breakfast, but the commercials always say that it's only part of a complete breakfast.

Orderflow is only part of a complete strategy. You'll still need to look at correlated assets, understand fundamentals, have strong predictors of order flow to base trades on, and practice good risk management. Order flow is a critical component because it's the most complete way to understand the current market conditions. It's pretty hard for a retail trader to make money purely from order flow these days though because the market is extremely statistically efficient.

Thats a tricky thing to answer. Totally depends on your style of trading. If you were to ask a price action purist, he would say he doesnt need it, or would not even know about it. I would say it offers a good view behind the candles on what's actually going on, and how the action came to be. I think it's best used in combination with other things, like s/r, price action, ect. So really its just a tool, and i would not consider it best or worst then anything else really.