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Introduction to Order Flow Analysis for Day Trading - 2014
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Those that know Jigsaw or took a look at our website know that we sell a set of tools for reading order flow. Those tools look at order flow in the very short term. This is NOT what we will be discussing today. We are going to keep this with the sphere of applying order flow to daytrading but be looking a little longer term. We are going to look at the Theme or Theory or the concept or the principles behind all order flow tools. Remove any remaining confusion about the theory behind order flow. Why are we doing this? I have come across many people that use one order flow tool but have no clue how to use others. A good example would be someone that trades CD divergences mechanically but is lost when it comes to footprint charts. They don't fully understand the underlying theory behind these tools. The tools are simply a different view of the same information FOR THE SAME REASON. It is my belief that understanding the theory behind such tools will make the use of the tools more productive. After this session, you should understand the mechanics of price change and be able to understand ANY order flow tool. Now -- that doesn't mean you'll be able to use any order flow tool immediately. These tools are a bit like reading a book or riding a bike. It takes practice. Just one thing -- we are going to discuss the merits of a number of order flow tools -- that does not mean I use them all and it does not mean you should do to. You'll end up with analysis paralysis if you try to use all of them to trade off. Finally, this session will give you actionable information that you can take away and start using in your trading. http://www.jigsawtrading.com/blog/1699/
YouTube url:
https://www.youtube.com/watch?v=-rKhybqaNLs
Created:
1. 12. 2016 18:50:49