Weekend Viewing – Order flow 26-27 March

As I have mention on this blog, I working to improve my understand of order flow and the price action on the DOM.

This is a collection of videosĀ I have read watched over the weekend to help me improve my order flow reading.

Miltos’ Price Ladder Analysis 15/03/16

Via youtube.com

Miltos’ Price Ladder Analysis 08/03/16

Via youtube.com

Price Ladder Analysis with Brannigan Barrett

Via youtu.be

Next week I will be watching

Occasionaly FT71 holds public AMA and webinars. I highly recommend anyone interested in improving their trading to watch these webinars when they are available.

 

Price Action Journal

Price Action Journal

One of the tips recommended by Miltos on the Price Ladder Training Course, is to keep an price action diary, recording how order flow reacts to structure.

Or a Market Structure Journal as Lance Beggs from YourTradingCoach.com calls it.

He is a quick description from Lance’s eBook “The Greatest Trading Book – Ever.”

Whilst I do keep a journal of market structure, and screenshots and videos of the trades I take for my Trading Journal. I have been wondering how the best way to journal the market structure and order flow.

One of the problems with journalling is that it can take up a lot of time. So I am constantly looking for efficient ways to do this that do not hours and hours to the day. I do not mind the hard work, but it has to be process that I can envision that I will continue over the years. If it takes hours per day on top of a full day’s trading followed by a journalling/review process and then a market structure of individuals setups then it could be something that fails by the wayside.

Over the past few days I have been experimenting to find the best way to efficiently journal market structure and order flow, which also includes set up that I am not in for whatever reason.

My current process is to use SnagIt, which is the big brother to the free Jing screenshot software. This allows me to take screenshots and edit them, and take video for longer than 5 minutes.

The other advantage is that the screenshot I can send straight to my journal in OneNote and the videos get sent straight to YouTube. Which allows me to embed the video later, but also keeps all the videos in the cloud rather than hogging memory.

Here is an example of one my Market Structure Entries.

Breakout Play – Stoxx 23rd March 2016

Daily – Bof of inside day low, exp for test and break of inside day high

Above 2980-82 is where potential stops have built.

Target 2989 is previous daily high and minor sz and above 3000-3013 is a major sell zone.

Price has bof low and my exp short term is for a test of the 2980-82. Therefore, looking for an order flow breakout scalp to 2989 and then possible reload for for test of 3000.

Did not take this trade as I was already stalking a Bund Trade.

From start up to about the 15min mark is pre breakout order flow, and after the 15min mark, there is a change where the buyers start to push for the break.

Stoxx – ID Breakout scalp