OrderFlowDashPro

Many traders focus on the idea of a setup. The idea of the setup is this idea that specific patterns can be identified that tend to produce a certain kind of result on a consistent basis. I've detailed some of the best order flow "setups" that I've identified using AlphaReveal. However, the focus on setups misses a large part of what the best discretionary traders are actually doing. Of course, most traders have setups or patterns that they can readily identify. Yet, the real strength that many top level traders posses is a process oriented approach to the market. Process based trading is a trading method that focuses on the processing of market generated information. It is this skill of processing market generated information which the best traders possess. A great deal of thought and work went into AlphaReveal specifically to enable traders to achieve their highest level of flow where optimal trading takes place.

Now, the reality is that there are many successful ways to trade and AlphaReveal integrates well with many trading styles. Setup trading involves essentially waiting for the market to reach a very specific state in an attempt to profit from an exceptional opportunity. Process based trading can make use of setups to a greater or lesser degree. However, process centric trading is focused on reading the real-time market generated information to understand what the market is currently doing and where it is likely going in the near term. A wide range of opportunities can be pursued from such a vantage point. Tape reading is a form of process based trading.