Blog Educational

Peter Davies / 1 min read

Share:

Practical Application of Order Flow - 2014 Edition - Part 1

We first presented the "Practical Application of Order Flow" with Topstep Trader in early 2013. This year we have split the webinar into 2 parts.

Part 1 deals with 2 major topics.

The liquidity/price action relationship and how liquidity pre-empts changes in price action (as well as the VIX on some markets). We look at how using just one aspect of Order Flow can help you understand why your favorite market might be "misbehaving" and at actions you can take to pre-empt and react to that.
Scalping. We look at why scalping might be a good place to start for a new/unprofitable trader as well as actual entry and exit points to scalp off. We look at three distinct scalp trade types - temporary value, trading into stops, liquidity vacuums.
We take an in depth at where stops reside and when to expect a "pop" off stops as opposed to a scenario where the market turns around more gently because traders have time to work an exit at a daily low/high.

Part 2 will deal more specifically with what to look at on the DOM/Tape at the key turning points.

As usual, for best results switch to Full Screen, Full HD mode.

The presentation material for this webinar is here: PracticalApplicationOfOrderFlow-Pt1

Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.

Jigsaw Leaderboard
Note that the Jigsaw Leaderboard contains a mixture of SIM/Live Traders. For many traders, you can click by their name to see the trades along with the SIM/Live designation.

The following is a mandatory disclaimer for SIM Trading results:

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT TRADING RESULTS.