Order flow as indicator for stocks too? - futures io
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Order flow as indicator for stocks too?


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Order flow as indicator for stocks too?

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  #1 (permalink)
sirhaver
Tel Aviv, Israel
 
 
Posts: 1 since Apr 2021
Thanks: 0 given, 0 received

Hey guys,

I know this is a forum for futures and my question is stocks related, but I see that the Order Flow tool is being used primarily for scalping futures, and I was wondering if it could be a good indicator (for entry and exit) when scalping penny stocks as well?

I just never saw any day trader using it when day trading (or scalping for the matter) penny stocks

Thanks a lot, any help is appreciated

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  #2 (permalink)
 iq200 
Surrey, UK
 
Experience: Intermediate
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sirhaver View Post
Hey guys,

I know this is a forum for futures and my question is stocks related, but I see that the Order Flow tool is being used primarily for scalping futures, and I was wondering if it could be a good indicator (for entry and exit) when scalping penny stocks as well?

I just never saw any day trader using it when day trading (or scalping for the matter) penny stocks

Thanks a lot, any help is appreciated

Absolutely orderflow can be used IMO even though there is a lot of manipulation. Concentrate on the liquid stocks.
I generally look at stocks with:

average daily volume > 2million
Daily ATR > $1+
Market cap > 2billion
Price > $10
Ideally some news whic will generally make them move.
You will usually see these as gappers in pre-market.

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Last Updated on April 23, 2021


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