Order Flow
Twitter: HittaMike (DM is open for any questions)
*Here is a document filled with Order Flow Educational Videos and Documents. I
am making this document to help beginners. I do not take credit for these
fantastic videos, I simply want to help beginners have an easier way of FINDING
them. Hopefully this makes it easier for studying as I wish I had something like
this when I started. Enjoy!
*If you like to trade options and are confused on if you can use DOM, you cannot
use price ladder for equities, however, you can still use Market Profile. Market
Profile is extremely useful and used by many traders.
*If you are completely new to order flow, learn the basics of market auction
theory and what makes price move up and down. Then watch the order flow
beginner videos. Watch these videos in depth and take notes! They are jam packed
with great information for anyone wanting to learn order flow.
Start with this. Best beginner video for learning how to read DOM. Simple and not
confusing like most.
https://www.youtube.com/watch?v=XRC0HhhI_ek
This video is also a beginner video on order flow, it is a little more dense so watch
that one first ^
https://www.youtube.com/watch?v=iWwxMokC0F8&t=136s
Locating Trapped Buyers and Sellers (Very useful) (TPO charts also show where
supply and demand are being cut off)
https://www.youtube.com/watch?v=dpVK2MrxyLs
https://www.youtube.com/watch?v=Ek8bXLeRTCc
Here is another great free Tape Reading/ Order flow resource. It has multiple
lessons.
https://www.jigsawtrading.com/free-order-flow-analysis-lessons/
Understanding how the market really works. (Market Auction Theory)
(IMPORTANT, If order flow is confusing you, then watch these two videos and
then go back and relearn orderflow and it will most likely clear up any confusion!)
https://www.youtube.com/watch?v=6gDMNIU4LOk
https://www.youtube.com/watch?v=9A7a7Fk2F9g
FUTEX LIVE (Recommended by Tic) (Watch these once you are comfortable
looking at numbers on the DOM)
https://www.youtube.com/watch?v=geunrSPbDZU&t=64s
https://www.youtube.com/watch?v=ZRdYVkf7ckU
https://www.youtube.com/watch?v=KaUTgeyKMV0
https://www.youtube.com/watch?v=3-dMFzxgiKk
I HIGHLY recommend learning how to read Market Profile (TPO Charts) too. Here
are my favorite videos for that. (Order Flow and Market Profile go hand in hand)
https://youtu.be/h2jtuMqA5iQ
https://docs.google.com/document/d/1IpIRU1F19_9EAx-X9d46UkKNmvfTtY4RR8
3naZF8CBA/edit?usp=sharing
https://www.shadowtrader.net/glossary/gap-rules/
https://www.youtube.com/watch?v=hVOxIYelTOI&t=1s
PLATFORMS with DOM
-Sierra charts is extremely powerful. You can use it for anything; DOM, TPO,
footprint, etc. It costs about $40 a month. If you want a powerful platform, Sierra
charts is the way to go IMO. $40 a month may seem like a lot but in reality, it’s
cheap compared to other platforms that are excessively and disturbingly
expensive.
-TOS is okay but I recommend looking into another platform for DOM. TOS is
known for not being as fast as AMP Futures or others when it comes to filling
orders fast.
- Jigsaw
-Trading Technologies
My setup:
Sierra Charts with AMP Futures. I use the SC Data Feed.
This is an old pic but this is what my setup looks like. However, I will have the DOM
on the left side instead of those internals. I have my internals for NYSE and
NASDAQ on a different screen. The right side of the screen is my Market Profile
setup. Helps me visualize where supply and demand may be shut off and gives me
structure and guidance when it comes to where I pick my levels. It may look
extremely confusing but trust me… it’s just as easy as reading a regular chart.
I will find a DOM for beginners to use that is free. To be honest, most screen time
should be spent watching people trade on their price ladders. Like the Futex Live,
before you even need to get your own!
People I recommend following on twitter:
@Tictoctick
@vwaptrader1
@Reveretrading
@DateMike17
@Doublewidecap
