Recent content by OrderFlowDashPro

Tactical Awareness Here you can see how the lows triggered the buy programs today. Our graybox triggered the plus indicators in real-time. Each new low triggered aggressive buy programs. I run this chart side-by-side AlphaReveal which helps improve my tactical/situational awareness. Right now...

Why Grayboxes? We have 2 types of trading systems that we run, systematic strategies that we're confident in trading in a mechanical way but can adjust/guide with our discretion and grayboxes which give us critical clues to guide our trading but we wouldn't trade mechanically. Now, you might...

Test Lows To Drive Higher There is an old saying that the big money will first sell the market before buying it to make sure that there is support underneath the market. The logic is that the big money won't take any risk. That old adage appears to be true today. Buy programs triggered off two...

How Professionally Do You Treat Trading? While not directly on the topic of tape reading, here's my 20 point checklist for how professional you are in your trading.. add +1 for each yes, higher scores equal higher professionalism 1. Has an empowering belief system (nothing starts from...

Finding The Range For the tape reader, it's important to be able to find the range. This is where the true buyer and seller will step in away from the market. It's important to find this range sooner then later because knowing the market's range tends to be less valuable as more traders...

The Buy Program On New Low This pattern isn't new but is more pronounced now due to the lower liquidity in the market. The algorithmic trader has buy programs set to go off when the market makes a new low or high. We figure this is an institution actually. So, instead of keeping limit bid out...

The Many Changes Of HFT We've found that while HFT in the ES has been talking about for the last several years that recently we believe their activity has became far more pronounced. The effect has generally caused institutions to trade new in ways and has made it more difficult to achieve low...

Buy And Sell Programs One of the things that I key into are the buy and sell programs that hit the market. Much of the advantage that comes from tape reading comes from being able to see these programs. Most institutional programs are programmed to buy on down ticks and sell on up ticks. The...

Trader333: Most people think of randomness as being synonymous with unpredictable. But, really, mathematically one can define randomness based on the characteristics of the data, such as mean, median, drift, kurtosis, etc. In fact, some types of random variables can be traded perfectly. But, I'm...

Trader333: The point I was trying to make is that trading the flow successfully is not just about selling or buying with the flow because that flow mean reverts most of the time. There are a lot of vendors out there who like to use the term "order flow" to describe their trading style because I...

The Greatest Edge The greatest edge for the discretionary trader is the ability too recognize when they have an exceptional versus an average opportunity and to increase their trading size on those high confidence trades. This ability to weight the risk per trade is the big thing that great...

What They Didn't Tell You About Order Flow Here's an important aspect of the order flow and something that most vendors don't even discuss. Most of the time the order flow is mean reverting, just like price. This means it pays to stand and take the other side of the flow. However, about 10%-30%...

Tracking changes in the limit orders We find that changes in the limit orders often precede changes in the order flow. We look for 2 types of patterns: areas where imbalances occur and pulls. The video below shows tracking the net change field as I move a single order. This first field tracks...

DionysusToast, I only mentioned the software because it shows your true motivation in this thread which is too create a negative impression of me behind the guise of offering friendly help. Back to the topic, you've demonstrated your ignorance of CME order handling here at the low level. Hey, I...

Let's go back to the book, we get this . For hypothetical purposes, if there were 1,000 orders in the book within the "no bust" range. And you put in a market order for 2,000 contracts then it sounds like you'd get matched to the 1,000 and then the next 1,000 would be entered in as limit order...