January 2023 OrderFlow Updates
Educational posts
Traders-
Hope everyone had an awesome new year and can’t now wait to be back to another good year. I know I can not!
While I still give some finishing touches to my weekly plan which should be released in a few hours, I did want to take an opportunity to summarize various OrderFlow educational posts over past few months.
For someone brand new to OrderFlow, I recommend you start from the top and work your way through this post. Many of these posts are FREE to all and I encourage you share with other traders like your self to spread the message of the tape! Even for seasoned pros, it does not hurt to review every now and then.
BASICS:
Terms, Definitions, Basic Concepts
Profile concept is very important and can help visualize momentum. These posts are foundational and I will add any more down the road here in this section.
Intraday momentum:
You do not want to work against the intraday momentum and this is a good indicator to measure that!
Level 2 + some examples:
Intro to DOM (tape): 1st steps towards mastering tape reading.
A sample of execution : tried to answer few questions on how to leverage the levels.
Market internals:
You do not want to ignore what the key market internals are doing at any given time. I think with profile , level 2 and internals, this combo can represent formidable edge.
Longer term momentum:
Most of what I do is momentum. Here are a couple of posts on longer term momentum, outside of day to day action:
How I measure and Trade Momentum
Some thoughts on stops and finding plays on longer term:
How I set LIS on longer term swings
Last but not the least, even if I am down, if I am in good state of mind, I can recoup some of that. With negative mindset, not so much!
Stay tuned for much more !
~ Tic
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