Order Flow Trading Course Free Download
Xena Donovan
Last year I wrote a book on trading order flow and I had a lot of requests for that book. Now I have taken things a step further and created a full course on how to trade the futures market using order flow.
We offer online trading education with an extensive curriculum developed from our ground breaking research and software. Orderflows.com gives you the knowledge and skills to turn your passion for trading into a rewarding career.
order flow trading course free download
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The Orderflows Trading Course is a unique home study video course designed to provide you with a complete education of Order Flow Analysis of Futures Markets: to help you understand a footprint chart, areas of price rejection, where strong volume is appearing, how to find hidden trade opportunities and much more. It is the only complete, accurate stand alone course on Order Flow Trading developed by a trader for traders.
The Training Is Made In These Bite Sized 20-40 Minute Videos So You Get In-depth Training That Can Be Completed In A Weekend. One video is just over an hour and the longest video is 2 hours and 30 minutes which covers 3 days of trading analysis.
The only prerequisite this course has is a basic understanding of market principles. This course is designed for the trader who understands the markets in general and wants to learn how to apply order flow theory to their trading or become an order flow trader. No prior trading experience is required.
While the Orderflows Trading Course was designed for Orderflows Trader Software users, I have been getting many requests to make this course available to all who want to learn order flow. Even if you are using a different order flow footprint chart your trading education will expand immensely with this course.
The Orderflows Trading Course is not a treasure map to untold riches or an instruction guide to the secrets of trading success. While it does contain many of my secrets as well as extremely valuable information, secrets without action or valuable information without direction and consistency are just like pictures on the wall.
This course will educate you, guide you, assist you, explain things to you and illuminate the way for you. But this course will not trade for you. It will not put money in your pocket nor in your trading account. Nor will it fill your head with misleading guarantees. What this course will do is teach you how to trade.
Aside from the motivation and persistence, which are required for success in any venture, you will not need any other tools in order to get started with this course. When you are ready to start trading, you will need order flow software. I will make a few suggestions, however, regarding order flow software which may prove valuable in your selection decision.
While you may feel that the subject matter is very straightforward and simple, please watch each video a few times, first for the general idea, and then a second or third time for the specifics. I tried to make the videos as short as possible while packing in as much information as possible because no one wants to sit through 20 separate hour long lectures.
I also urge you to take notes either in a separate note book or print out the attached pdf files. The material will be easier for you to comprehend and retain if you take notes. Writing things down has an effect on the mind.
Once you have internalized the concepts please observe them under real market conditions to determine how well they work for you and if they are consistent with your needs as a trader.
So what are you waiting for?
Get the Order Flow Trading Course for just $297
For an Ask Al blog post, a trader had asked Al if he used Time & Sales, and if so, is it any benefit. Al gave a definite NO! to using Time & Sales, which is absolutely correct. Time & Sales is useless, but that is only true for the typical data most traders pay for. Unless traders are prepared to pay for unfiltered tick data, giving us every tick (trade) that takes place, we cannot interpret and make use of order flow.
Anybody interested in following up the order flow tools introduced in the video can find them on the Jigsaw Trading website. There is also a sophisticated graphical tool, Auction Vista, that comes with the Jigsaw toolset but not shown here. I am quite happy with basic tools. An insane amount of free information, much in video format, on how to use order flow can be found on the same site.
This is a really clear overview of order flow / price action trading. I see from previous comments that you were considering doing some more in this series. I would really hope that you do as its very interesting content. Thanks
Thanks for your feedback. Yes, I do intend to get back to more on order flow support very soon. In the final stages of getting subtitles done for the trading course here, and after a brief recharge (really exhausted!) I will get going on live trading videos and similar.
I have yet to increase size enough to make full use of my order flow reading, but can say that I have managed to keep above 80% winning trades for the last year. Was 60-65% for the year before that, and worse when I started! 2016 was my first profitable year (in 4 years of trading, 2+ years of order flow), so working Ok in my mind and book.
Main effect of adding order flow has been to increase my confidence in the reading of setups. I still do not take enough trades, and like Al often says, we can get to see trades on almost every bar, so a lot of upside to take advantage of.
As noted below, I will get into some live trades videos when course videos done, and hopefully demonstrate how this works when money is on the line. Will be looking at the Asian markets as was as the ES.
Richard, thanks for the video. Two questions: one technical, one interpretative. First, I have Jigsaw but I have no idea how you distinguish between the reconstructive tape that is limited to market orders as opposed to the version that includes both. Second, how do you distinguish between large offers traded on the offer that represent profit taking, versus large offers traded on the offer that represent sellers stepping in?
Thanks
Richard, thanks for the explanation. Can I make sure I am following your thought process? The Recon tape set to reconstruct trades represents market orders. The Recon tape set to NOT reconstruct trades represents limit orders. On the Recon tape set to NOT reconstruct trades you reverse colors to blue and pink because this tape then shows the resting buy orders being consumed in blue and the resting sell orders being consumed in pink. The Recon that is set to reconstruct has ask orders being attacked in green and buy orders being attacked in red. Am I following along correctly? Thanks for your time.
Richard,
Since seeing this video, I have been looking at the difference between the tape with the reconstructed/market orders and the non-reconstructed limit orders. Do you have any additional insights that you can provide that explain what you look for between these (similarities/differences). Seems like grouping of the limits is important to show absorption. Watching whether the area then holds or not gives you insight as to the likely direction of the next move.
Thanks,
Craig
Wow, thanks for the kind words Angus. And I consider Peter Davies at Jigsaw to be brilliant and a much better speaker than me, despite his Brummy accent.
I had better get moving on creating an order flow trading trading course! Haa.
Yes, the order flow can be very interesting to watch around our beloved price action setup points. And yes, it can get us out early if wrong, get us in early when right.
Now for the answer. Sure that can happen. Remember we make trading decisions based upon three factors: intraday fundamentals, Reading the Tape, and Technical Analysis. So a big order such as you described would only in unusual circumstances trigger a trade for us. So really your question is when these big orders are placed what information can we learn as it relates to Reading the Tape?
There are patterns that you will spot from the Level II. If you see fake bids going in to trigger sales on the offer, then when you see a big fake bid you know what it means. An Old School trade was to spot a huge order in the NYSE Book and place a trade in the direction of that order. There are still trades to be made following the side of a very large offer, but they are much rarer. Also, more specifically in the late 90s we all knew that GS to the bid prominently on the Tape meant he was selling. So we got short.
Trading is just a game of pattern recognition. Spot the patterns and place excellent risk/reward trades. Good traders do not spend much time caring whether an institution or HFT is trying to game the system? They just decode the pattern and find ways to profit.
Interesting Fact: The bright colored coats you would see people wearing on the floor would assist in the identification of specific traders or the exchange members for whom they work. The standard red was given to traders (also called locals) and brokers on the floor, but many opted for their own distinct jacket designs worn by their entire group.
I can still remember when I first stepped foot on the floor of the Chicago Board of Trade in 2002. I was a junior in college and the experience for me was absolutely electrifying. Ultimately it would set me on a path for my entire professional life.
In order to be a successful trader in the pits you had to be an expert at reading the crowd and the moves of the larger players, all while keeping your cool and managing your emotions in a very chaotic environment.
As technology advanced, more and more volume left the floor of the exchanges and went electronic. The advancement of algorithms were pretty much the final nail in the coffin for floor traders as volume dried up.
In 2008 trading algorithms tipped the scales and began accounting for the majority of trading volume. This made it difficult to read a level II as orders were constantly pulled and added to the book. It became very difficult to rely on a level II alone for an edge.
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