Posts: 15 since Aug 2011
Thanks Given: 2
Thanks Received: 43
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Hey there. Well, there's a lot to unpack with your question. I know that you believe it's a simple question, but, it really isn't.
What you're really asking are these questions:
1)"Can I find an edge with order flow?" The answer is yes.
2) "Can I build a process that enables me to execute consistently with order flow?" Again, yes.
3) The third question, and probably the hardest, "Do I have the mindset to become a consistently successful trader using order flow?" That's more difficult for someone else to answer.
No matter WHICH edge / system / approach you choose, you will have challenges in your journey. So, pick one that suits you. Everything has pros and cons.
Order flow is great for short term scalping. When you're good with OF, you can make small profits consistently. There are also some really great learning resources, especially for Jigsaw. However, looking at OF sometimes causes you to lack context about what's happening in the market. This context may result in having you're trades blown out by sudden, seemingly unexpected volume shifts. You can counter this by coupling order flow with an approach that provides you more context around bigger moves. I'm a fan of auction market theory for this (Market or Volume profiles).
Best of luck.
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