I guess the latest thing is order flow trading . The last time i ask someone he said most big orders that move the market arent sitting ready to be executed . So order flow isnt accurate . What do you user opinion on order flow trading?
order flow is it worth learning
- Thread starter watchdaride
- Start date
Latest if you are ten years behind
But seriously, everything you learn will elivate your game one way or another ... Just don't expect it to be the answer in itself (thus don't overpay to learn it)I could probably out-trade 99% of the guys on here using only time and sales and common sense. Order flow works intraday better than anything else I know but it takes a lot of practice.
Someone is right; big orders generally avoid advertising. Did "someone" offer a more "accurate" tool?
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Most don't want to put in the time of studying tens of thousands of anything, let alone practice, and they wonder why they not "getting" it. It is a constant "Grind" once you have discovered what works, same charting patterns, same volume patterns, same same same, knowing the stats, like listening to clock and sounds of the seconds.
Orderflow is nothing more than additional information; to claim it isn't "accurate" means you were talking with "someone" that doesn't understand it. So you can't detect large orders immediately? Does that make it useless? Is there ANYTHING that can tell you what a large trader intends to do?
How would you like to be long when a passive seller is soaking up all the contracts? After a while you will notice it using a footprint chart or the DOM. Why stay in through the stop run? Will you even know using any other tools?
Watch these playlists from Axia Futures. https://www.youtube.com/channel/UCzFA5mCxXHSCCGxsDBSuRRw/playlists
Start with the footprint videos. The price ladder is more for scalps. You might also find the volume profile videos interesting.
Market delta has some good content as well.
https://www.youtube.com/channel/UCLdZZPcnxZLB_G7bzG8ZM7A
I find the Jigsaw tools very helpful along with a good footprint chart.
I think order flow works best in the futures market due to all trades being centralized. I have no idea if it's useful in the equities market or forex.