Any Good Books on Order Flow
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Any Good Books on Order Flow
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Any Good Books on Order Flow

  #1 (permalink)
Yonkers
 
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Any Good Books on Order Flow

Hello,
Are there any good books on Order Flow, Delta & anything that pertains to profile.
Thank you

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  #3 (permalink)
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nightangel0203 View Post
Hello,
Are there any good books on Order Flow, Delta & anything that pertains to profile.
Thank you

the book by the pivot boss has got the wright mix of stuff your looking for. you can find a free pdf down load if you know where to look. pm me if you can not find it.

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  #4 (permalink)
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Regarding profile and order flow

* Market profile is not a trading technique but a market visualization technique.
* I hypothesize that profile became popular with floor traders because they already had the market cognition behind profile because they were tape readers and didn't have charts. As a tape reader, you must keep track of price in your head. The way you do that is to repeat it. So, the volume information can be inferred from the change in price over time. So, market profile was a visualization of what floor traders had to do in their heads anyway. However, if you don't have the market cognition piece in your head then profile won't make much sense because it is learning it backwards.
* It is not possible to learn tape reading or order flow from books. I am sure you can learn something but it is unlikely to take you more then 25%-50% of the way.
* What I used to do and found that worked well was just to get a some vague impression of how some technique was suppose to work and then I'd study it and find out how it really worked.
* Even more so, today's markets are becoming super efficient. The time is now better spent in running your own proprietary analysis then in reading books.

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  #5 (permalink)
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nightangel0203 View Post
Hello,
Are there any good books on Order Flow, Delta & anything that pertains to profile.
Thank you

I second tpredictors comments. You can't learn order flow from reading a book. The best (IMHO) place to start is with Jigsaw's Order Flow Analysis Lessons. Before you buy anything, watch those videos.

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  #6 (permalink)
prague
 
 
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no book

the only good book on orderflow is orderbook

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  #7 (permalink)
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nightangel0203 View Post
Hello,
Are there any good books on Order Flow, Delta & anything that pertains to profile.
Thank you

Is this some type of quiz.....lol..... There are many many great books....gets to reading my friend...

https://www.amazon.com/James-F.-Dalton/e/B001I9QF5Q

https://www.amazon.com/J.-Peter-Steidlmayer/e/B001IOH58M/ref=ntt_aut_sim_1_1

And many others. Before you jump into order flow learn about what is happening in a regular auction.... a two way auction. Why do some buy and others sell?

Why do you buy what you buy in day to day life at the places you do? Why sell something (car, boat etc...).

The market is just life.

How well do you understand it????????????????????

Ron

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  #8 (permalink)
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We have some free materials dealing with order flow and delta. Here's a PDF that will shed some light on it. https://marketdelta.com/wp-content/uploads/2016/10/Learning-to-Read-the-Footprint-Chart.pdf

More videos and downloads are available half way down this page: https://marketdelta.com/solutions/footprint-charts/

nightangel0203 View Post
Hello,
Are there any good books on Order Flow, Delta & anything that pertains to profile.
Thank you


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  #9 (permalink)
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Blash View Post
Is this some type of quiz.....lol..... There are many many great books....gets to reading my friend...

https://www.amazon.com/James-F.-Dalton/e/B001I9QF5Q

https://www.amazon.com/J.-Peter-Steidlmayer/e/B001IOH58M/ref=ntt_aut_sim_1_1

And many others. Before you jump into order flow learn about what is happening in a regular auction.... a two way auction. Why do some buy and others sell?

Why do you buy what you buy in day to day life at the places you do? Why sell something (car, boat etc...).

The market is just life.

How well do you understand it????????????????????

Ron

I would disagree that the market is like a regular auction.

Most of the trades are speculation, people trying to guess what everyone else is doing.

There's no-one on this site that buys a contract of ES, CL etc. for the same reason someone buys a car in a car auction.

Nope - everyone here is buying ES, CL because they think the price will go up as other people buy after them.

It's a different dynamic.

If you put yourself in the position where you trade because of x but everyone else trades because of y, then I think it makes life more difficult. Everyone trades because of x.

The markets are also 4-way, not 2-way. There's no real-life auction that is a 4 way auction with a spread between the pairs of activity. There's no real life auction where 'diming' effectively keeps the 2 sets of activity glued together.

I think terms like "the market is auctioning up" is nothing more than a clever buzzphrase. It just means "moving up" the term auctioning gives no additional value, it doesn't help. It just makes people sound clever.

This is not an attack on you Ron. It's just that market movement is the result of everyone trying to guess what everyone else is going to do.

Just my 2c!

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  #10 (permalink)
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DionysusToast View Post
I would disagree that the market is like a regular auction.

Most of the trades are speculation, people trying to guess what everyone else is doing.

Exactly.

And that's also why the average trades are so small - ES ~4, NQ ~1.6, YM ~1.4 contracts per trade at the moment all
day long during the RTH. Most orders simply exist in order to "ping" the market and find out if a minimal increment
triggers a move or not.

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