Part of our weekly Q&A series.
We began the discussion with a look at how to use orderflow along with the profile to gain greater confidence in directional entries.
Then we opened the floor to questions.
Additional questions asked & answered:
Please explain order flow. TY.
Hey guys, do you also analyze weekly or even monthly profiles? Are there differences compared to intraday profiles?
Imho, Delta can be a two-sided sword. A Bottom reversal, for example, u can say its the strength of the buyers that stopped the down move (positive deltas) or there were passive buyers sitting and absorbing the sellers (negative deltas).
Could you explain your trading plan today?
NQ trade. when it failed to hold a new low and rallied back into the higher volume node, I was looking to buy around 7005 with risk at the low. Do you consider that an early or premature entry?