dojirock wrote:dchappy wrote:Excellent trading ..I would like to learn more about order flow trading ..specifically how are you spotting your entries ..are candles involved or strictly volume ..Thanks ...
Same here, looking for a additional way to spot target areas.
doji
order flow trading is basically looking at the depth of market for patterns to profit from
its basically mainly scalping for 1 - 5 ticks
you look for people to do people stuff

be greedy or fearful
what they got, what they want to trade, what they dont want to trade, how they trade it etc.
sometimes you can spot an algo doing some shady sht ---- but still its there to trick people so you might aswell just watch people
now way of doing this allows me to scalp but also trade some bigger moves (although i know people who would argue if its still order flow trading)
to make a long story short i dont care about the candles (for the most part)
at least not in a traditional sense ---- im not opening and closing based on candles
of course im aware of my chart placement but thats not because of the chart
i know where are the daily highs and lows
i know where are the previous swings
as TRO famously said: "price is the same on every time frame"
its like scalping the daily candle looking at that daily candle

as i said somewhere here ---- i had to trade for around 3 years without charts
i look at the transactions going in and people moving orders around and form an idea about whats going on
i trade (almost) every day and i watch levels being traded
so over time i get the whole map in my head
of course just because someone bought yesterday @ .10 doesnt mean he will buy again next time we visit .10
and just like with technical analysis there are unfortunately no black and white rules
its all context ---- as always ---- up momentum candle off the low is a different thing then the up momentum candle pushing to new highs
i can elaborate on this for hours
also its my first time talking about it so im surprised at what comes to my mind

but i dont want to bore everyone to death
also you guys are well seasoned traders so im aware there are not a lot of things i can tell you that you dont know about
the questions you asked are very open ended
so please let me know if there are any specific things i can help with or elaborate on