Year End OrderFlow Educational Update
Traders-
As we welcome a bunch of new readers in the forum, this is a good opportunity to brush up on Orderflow concepts. As many of you know, I am not a chart trader. I rarely ever use any charts (or indicators). If you think my levels are good and are curious how I derive those, read through the below posts which should get you started on the right track.
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
Disclaimer: This newsletter is not trading or investment advice but for general informational purposes only. This newsletter represents my personal opinions which I am sharing publicly as my personal blog. Futures, stocks, and bonds trading of any kind involves a lot of risk. No guarantee of any profit whatsoever is made. In fact, you may lose everything you have. So be very careful. I guarantee no profit whatsoever, You assume the entire cost and risk of any trading or investing activities you choose to undertake. You are solely responsible for making your own investment decisions. Owners/authors of this newsletter, its representatives, its principals, its moderators, and its members, are NOT registered as securities broker-dealers or investment advisors either with the U.S. Securities and Exchange Commission, CFTC, or with any other securities/regulatory authority. Consult with a registered investment advisor, broker-dealer, and/or financial advisor. By reading and using this newsletter or any of my publications, you are agreeing to these terms. Any screenshots used here are courtesy of Ninja Trader, FinViz, Think or Swim, and/or Jigsaw. I am just an end user with no affiliations with them. Information and quotes shared in this blog can be 100% wrong. Markets are risky and can go to 0 at any time. Furthermore, you will not share or copy any content in this blog as it is the authors’ IP. By reading this blog, you accept these terms of conditions and acknowledge I am sharing this blog as my personal trading journal, nothing more.