anywhere i can learn about order flow?

[TAjammy]

really interested in this, seems like you need it for intraday trading. So far all i've foun is a few articles, tha'ts it. Are there any good books which describe order flow in detail?

 

[Papa Lazarou]

really interested in this, seems like you need it for intraday trading. So far all i've foun is a few articles, tha'ts it. Are there any good books which describe order flow in detail?

I'm not sure I'm on your wavelength on this one. 'Order Flow' is not exactly a trading strategy!

Lets say you were an oil trader. Brokers could show you their flow of orders. I.e. "we're sellers of the arb @ -2.20, 500 lots".

You get several brokers showing you their order books and you begin to have a better vision of the market and what other traders are looking to do.

Bit more insight into the market than just what the screen depth shows you. That's all.
Unless you are talking about a different definition to me?

 

[TAjammy]

well, i mean time and sales, that mr charts guy uses it, can help you determine if a breakout is actually a breakout,etc

 

[cr6196]

get ninjatrader from amp futures and you can watch es,ym,nq,zb,tm,fdax with market depth and T&S

 

[cr6196]

or you can also get level 2 for uk stocks from money am,adfvn etc etc

 

[megamuel]

Mr Charts uses level 2, I think thats what you are looking for.

 

[Charlton]

really interested in this, seems like you need it for intraday trading. So far all i've foun is a few articles, tha'ts it. Are there any good books which describe order flow in detail?

First - you don't need it for intraday trading - some like to use it and some don't. It used to be more widely used, but for various reasons including algorithmic trading engines it is less "in fashion". You have to make your own mind up on its efficacy, but that is what you are trying to do.

Second - try googling "Level 2" and you will find masses of links.
Here's just one to start you off

Introduction To Level II Quotes

Third - look at this thread

http://www.trade2win.com/boards/level-ii/33410-book-about-level-2-trading.html

Charlton

 

[TAjammy]

thanks charlton

 

[jon1971]

I'm just a tad late to the party on this, especially so since the OP has been subsequently banned.

For anyone else out there who may be interested in the concept of order flow and how it can be used to pre-determine market turning points, and how it can be seen in the price action, you may find this link to be of use....

http://www.fxstreet.com/search/cont....aspx?id=5766b88a-1a31-4102-8221-e9bf77216d2f

The webcasts are Forex specific, but the general principles can be applied to any market...