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Is anything better than order flow?


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Is anything better than order flow?

  #111 (permalink)
kovacs
London, UK
 
Posts: 12 since May 2022
Thanks Given: 13
Thanks Received: 6


El Duderino View Post
Greetings, all.

It's been nearly a year since I responded to that fateful question, "Is order flow good shit, or what?" (I paraphrase somewhat, but I believe that captures the essence of the query).

Since that time, I've spent countless hours living, breathing, and sleeping order flow. Jigsaw and I became fast friends, to the point where I can now do a passable Peter Davies impression. In my beloved Sierra Chart, I have multiple DOMs constructed. I've built and contemplated heat maps, and have viewed low time-frame swing charts next to price ladders next to variously filtered time & sales "tapes".

And then...I stumbled (as I so often do) upon the following website:

Scalping Education ? [AUTOLINK]Depth of Market[/AUTOLINK] Trading

And BAM! There it was. Or rather, there it wasn't. Because Alberto, the proprietor of the site--and YouTube channel of the same name--had discarded the guts of the conventional DOM and just used price, volume at price, volume imbalance at price, and cumulative volume delta to trade. Basically, price and a few volume variants.

For me, it's the ultimate KISS, as applied to reading the market in the moment.

Of course, that's just me.

At any rate, I pass this on to the community. Maybe it will float your boat, maybe not. I've emailed back and forth with Alberto several times and he has responded to my questions and comments with unfailing patience, courtesy and, I feel, generosity of spirit. And whereas previously I clenched my buttocks mightily when working the ES using order flow, I now sit calmly and even hazard a smile while using Alberto's approach.

Have a good weekend, everyone.


Do you know if he is a successful trader? I googled his name and on his Linkedin page he says he worked for Futex as a trader between 2000 - 2016. Then here is this crowdfunding page from 2017 where he says: "After work experiences as a teacher, a trainer, a coordinator of projects for disadvantaged youth and, for many years, a stubborn and mostly unsuccessful financial trader, I would like to change my professional engagement and be involved, once again, in educational and social activities, starting a new career in development. " https://www.justgiving.com/crowdfunding/alberto-cevese

And according to his Linkedin he is now a school teacher. He definitely knows how to read / teach the DOM as he was a trader for many years, but I'm not sure if he is a successful trader or not.

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  #112 (permalink)
 
trymph's Avatar
 trymph 
chicago us
 
Experience: Advanced
Platform: NinjaTrader
Broker: Ninja
Trading: Futures
Frequency: Many times daily
Duration: Minutes
Posts: 71 since Mar 2022
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@ kovacs............I looked at the progression of posts/video's suggested by the dude also. IMHO it seems that upon a closer look at the trades themselves as posted in YouTube, Alberto is using the dartboard method of trade entry spots. With enough $$$ drawdown during the life of a trade's open position, one can usually profit by a few ticks......eventually. That is of course unless you blow up the account when the position never returns into profitability on a one-way blind alley.

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  #113 (permalink)
kovacs
London, UK
 
Posts: 12 since May 2022
Thanks Given: 13
Thanks Received: 6



trymph View Post
@ kovacs............I looked at the progression of posts/video's suggested by the dude also. IMHO it seems that upon a closer look at the trades themselves as posted in YouTube, Alberto is using the dartboard method of trade entry spots. With enough $$$ drawdown during the life of a trade's open position, one can usually profit by a few ticks......eventually. That is of course unless you blow up the account when the position never returns into profitability on a one-way blind alley.

It's quite a suicidal method in my opinion. So many youtube educators and course vendors can't make money with their own method. They teach because they often invested lots of time and probably money in learning those concepts and want to make some money out of it, one way or another. Unsuccessful traders create even more unsuccessful traders.

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  #114 (permalink)
 HiLatencyTRDR HLT 
Midway florida
 
Posts: 462 since Dec 2018

Yes buy low and sell high. You don't need anything at all just look at the price from where it was yesterday. Subtract 200 points and buy then

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