The key to profitable trading hasn't changed - its the order flow but sometimes a little noise is good.
The markets continuously evolve and change their rhythms but following the order flow is how we can tame them. Sometimes we need to get rid of the noise by using range or renko bars but othertimes we need time bars or volume bars. As always, context is what makes the order flow readable. The chart below gives me information per bar from the markers generated from the footprint bars as well as for groups of bars as seen in the volume profiles. The NQs need more bar type changes due to the speed and slowing they undergo in each 24 hour period. All I am tryingto do is read the market and when I can't, I make bar changes.
No comments:
Post a Comment