(If you already have an account, login at the top of the page)
futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.
At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.
With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.
We are fundamentally different than most other trading sites:
We are here to help. Just let us know what you need.
We work extremely hard to keep things positive in our community.
We do not tolerate rude behavior, trolling, or vendors advertising in posts.
We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
We expect our members to participate and become a part of the community. Help yourself by helping others.
You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple.
Would reading the tape/DOM/order flow analysis be a viable entry indicator for swing/position traders? I am guessing that a lot of scalpers or intra-day traders watch order flow at least to some extent during their trades, and I wanted to find out if any position traders on futures.io would use it when either picking their entries or exits.
My position would be that if price action is used by many position traders, then tape reading/order flow analysis would prove to be beneficial too. However, it does seem that the DOM/tape reading tools (Jigsaw trading comes to mind) are aimed primarily at intra-day traders.
Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.
Favorite Futures: Currently European and US equities
Posts: 434 since Dec 2013
Thanks: 227 given,
208
received
Tape will get you a more efficient price by gauging the immediate flow of the market. If your analysis is inter day or intra day a better price is a better price imo.
The following user says Thank You to sands for this post:
My initial thought was... If you can "read" order flow well enough to improve your entries, then you are better than most and should just be scalping. Order flow is soooo immediate and doesn't carry forward. Using order flow to manage your swing trades will lead to overtrading and bad habits.
After thinking about it, I could see the DOM as being useful to watch. If you have an important trendline, channel, or area that you are watching, the DOM will tell you if everyone else is watching it too... However, i would not use tape reading or absorption or footprints, etc... These will not add much value.
Combination of all for me. Everyone is different and one has to find his/her own way to read the order flow but find useful all of the above: https://www.youtube.com/watch?v=Qxm9_RQ88Bc (this is long hough!).