
The key to understanding order flow trading is to combine it with the price action. Price action by itself can be difficult to read. Order flow by itself can also be difficult to read. The art and craft of tape reading is the combination of order flow and price action. The key take away and insight is to watch both the price and the order flow. Trading at a high level requires integration and understanding of other market player behavior. Strong buying that is unable to drive the market to new highs or strong selling that is unable to drive the market to new lows can reveal where markets may pause or reverse.
And, that order flow information is most useful in the immediate context. And, that's why OrderFlowDashPro's AlphaReveal was designed for reading markets in real-time. And, our methods combine well with traditional chart or graybox trading. While just one technique of many, if you are looking for something to get you started then you find it valuable to pay especial attention to candlestick wicks on a short time frame chart while tracking the order book and order flow in AlphaReveal. If you are serious about trading then be sure to grab our free trial today and see what order flow trading can do for you!
Friday, May 26, 2017 4:19:00 AM