I trade primarily using volume bid/ask studies... I want to warn you that divergences like the one you posted on your picture don't always play out like that....
In fact, i look at a specific delta # or more in order to be considered valid as a trade entry to go counter trend. What that number is depends on your time frame etc... so you need to do your own due diligence . Hope this helps.
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Yea I understand what you are saying... I have a sytem I have been working on for sometime now and was just looking for a order flow / not based on volume indie such as on the chart to add to my system... or rather compliment it
Broker/Data: Amp Futures/CQG and Interactive Brokers
Favorite Futures: ES
Posts: 64 since Aug 2009
Thanks: 6 given,
I've looked at Gomi's indicators half a dozen times and can't seem to find any coherent discussion anywhere as what they mean or how they might provide trading signals or what a trade setup looks like. I've looked at Market Delta's videos...lots of stuff about software "features" (as if I care) but very little useful guidance for someone who wants to trade instead of play with software. I've seen abstract discussions about theory, debates about data providers, etc. But so far not much that is useful for someone coming new to the whole order flow approach to trading. Any suggestions as to where I might find something a bit more concrete...like chart setups and trade setups?
Comparing GOM and MD to OFA is like comparing NYC to Omaha just because they are both in the USA. I own OFA v5 after paying MD $100+ per month for years. There is no comparison. It's not just about the price ladder - anyone can build that. These guys are 10 years ahead of the industry. Now the trade tracking gauge is fully automated. Trader Kingdom has a webinar by them tomorrow. If you are really lost in this comparison you should check it out or get a demo for yourself. Asking a bunch of people who don't own it but criticize everything with a price tag is not going to get you anywhere.
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