ELI5 (Explain Like I'm 5)
What is OrderFlow?
#ES_F #OrderFlow #Weekendstudy #ImNotAFuru
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What is OrderFlow?
#ES_F #OrderFlow #Weekendstudy #ImNotAFuru
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OrderFlow is not magic it is quite simply a different way to view the market as opposed to price action or traditional technical analysis. No magician skills required.
The interaction of these tools in a live setting allow you to find "interest" or "lack of" in order to execute in areas of lower risk. Watching these interactions can give you a gauge of market sentiment. Is price fair? Who's in control? Where should I execute?
Volume By price, this is volume at price. Not by time. How most people view volume, this shows you interest in trading at specific prices. Where most of the volume traded for the day, high volume areas and low volume areas.
Market Profile, this is a 30 minute chart just using letters instead bars.