Forex, Futures Day Trader
In day trading, I like to analyze volume. Volume analysis forms the basis of how i approach each trading day. Volume can be analyzed in two formats. Volume at Price [VAP] and at Time [VAT]. VAP studies are key and help construct distribution curves or Bell curves that show volume distribution on any particular period.... Continue Reading →
Day trading can provide significant income if you know how to go about it. However, For most traders, a lot of screen time, practice and discipline is needed in order to achieve any level of consistency. As a day trader, I'm always pragmatic. I'm more practical than theoretic. As they say numbers never lie and... Continue Reading →
As a day trader you MUST evolve. The best way to doing this is by doing weekly journals / reviews. In as much as they may seem useless and annoying, they help steer oneself into consistency. Especially if you treat this as a Job. Anyway, this is how my trading week began. I always camp... Continue Reading →
As many of you know, there are many day trading strategies out there. Some with robust risk management and some without. One day trading technique that many traders struggle to find solid risk management strategy is Scalping. Nonetheless this is not the case for day traders that understand the art of tape reading. 6E futures:... Continue Reading →
Many day traders will talk about unfinished auctions and how easy it is to spot them on a footprint chart. They will have strategies built around them. First lets take a deeper look on what they are and how most traders use them What are Unfinished Auctions? They are also known as "Unfinished Businesses". They... Continue Reading →
Hello day traders. Naked POC's always form good strike zones in Intra-day day trading. They are also known as Virgin POC's. Naked points of Control are usually High Volume Nodes [HVN]. Most (if not all) day traders would like to place their long or short trades at areas of least resistance or support. These high... Continue Reading →
I wish there was an order flow scalping crash course back in the day when I started out. The reason is very few day traders had access to level II and basic order flow software. Anyway, when you take a trade for a few 1,2,4,7 ticks you are scalping. How quickly you do this will... Continue Reading →
Most of you day traders already know that VWAP stands for volume weighted average price. You are using it for short term trades (Scalps) as well as for targets (Exits). The so-called big institutions like banks and hedge funds also use it in their automated trading programs. So what makes it a secret weapon? VWAP is... Continue Reading →
Have you ever felt the pain of being stopped out of a trade only to see the market reverse? That's what is referred to as a stop hunt. I know many of you will argue that stop hunting is a myth. You see, trading is a zero sum game. When you loose out on a... Continue Reading →
Order flow ratios help us anticipate potential reversals at key price levels. I use them to Identify both stopping volume and exhaustions. These two terms are very key as far as volume spread analysis is concerned. Here is a summary of key ratio terms. It is important to note that these reversals can be in... Continue Reading →
In order to understand why price moves, it is imperative to read about VSA - Volume Spread Analysis by Wyckoff. I'm not saying that this is the only reason why price moves, but it is one of the best ways of decoding price movements on most majors. I will share why major currencies and not... Continue Reading →
Ever paused and thought of why Forex prices move? There are various day trading theories out there that try to answer this such as technical analysis, candlestick patterns, Elliot waves, Fibonacci, chart patterns among others. Anyway, the hard truth is; Prices do not move because of some magical technical Indicator or tool, but because of... Continue Reading →
When you take a trade and profit on that day, you are day trading. You are basically doing short-term trading whereby you are setting your risk and potential reward. So, every trader would like to realize decent profits every time they open a trade. That said, in order to stay consistent you have to note... Continue Reading →
As many of you know, there are many order flow software vendors out there. Many of us traders are not able to tell which software will add more value to our day trading. Look, I'm not here to make others look bad. I'm only writing this to talk about what works for me and why.... Continue Reading →
Hello Traders, So what are footprint charts? Well, most of us are probably trading on MT4 or MT5. Therefore traditional charting styles such as line, bar & candlesticks are not new to most. Now, all the above charting methods will not disclose the most important piece of information. I mentioned them in my previous post.... Continue Reading →
There is a valuable relationship between PRICE and Delta. Everyone of us here knows what price is, but delta is a new term for many traders. DELTA = Aggressive Buys – Aggressive Sells Remember in my previous post, I highlighted the words "Aggressive Buyers and Sellers". Take note of these key words. They are aggressive... Continue Reading →
Hello Traders, I think many traders don't understand what makes the market move. Many tend to think that the market moves up or down coz there are more buyers than sellers and vice versa. That's not true. Understanding Orderflow answers this question. Order flow is simply a term used in place of transaction flow. It... Continue Reading →
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