Roll up your sleeves and get to work on your order flow reading skills!
This market is providing opportunities based on the right interpretation of the order flow script like few times I’ve seen…
Don’t trust me? Watch the video and judge by yourself.
In my last video it was gold, so this time is the turn of the younger brother silver.
This one has got a double whammy of events against buyers…
Not only the 8h has triggered a short, but that comes on the back of a short entry off the hourly…
All happening in the context of a clear and strong bearish trend in the daily as the USD torpedoes ahead.
Remember the two key main features of the OFA indicator:
Magnitude: A major clue that will help determine the health of a trend is the type of progress by the dominant side in control of the trend. We need to ask the following question: Are the new legs in the active buy-sell side campaign as identified by the script increasing or decreasing in magnitude?
Velocity: When it comes to the distance the price moves, the magnitude is only ½ the equation. The other ½ has to do with the velocity of the move or the speed. Was the new leg created after a fast and impulsive move? Or did price make a new low or high with the movement being sluggish, compressive and taking too long to form? A good rule of thumb is to count the number of candles it took to achieve a new leg.
This market is providing opportunities based on the right interpretation of the order flow script like few times I’ve seen…
Don’t trust me? Watch the video and judge by yourself.
In my last video it was gold, so this time is the turn of the younger brother silver.
This one has got a double whammy of events against buyers…
Not only the 8h has triggered a short, but that comes on the back of a short entry off the hourly…
All happening in the context of a clear and strong bearish trend in the daily as the USD torpedoes ahead.
Remember the two key main features of the OFA indicator:
Magnitude: A major clue that will help determine the health of a trend is the type of progress by the dominant side in control of the trend. We need to ask the following question: Are the new legs in the active buy-sell side campaign as identified by the script increasing or decreasing in magnitude?
Velocity: When it comes to the distance the price moves, the magnitude is only ½ the equation. The other ½ has to do with the velocity of the move or the speed. Was the new leg created after a fast and impulsive move? Or did price make a new low or high with the movement being sluggish, compressive and taking too long to form? A good rule of thumb is to count the number of candles it took to achieve a new leg.
👉👉 Join The OFA Inner Circle:
📓📓Learn Order Flow like a PRO:
www.ofa-course.com
🧑🏫🧑🏫 Author of the #1 Order Flow Script:
www.tradingview.com/script/WhQSEfKT-OFA-Order-Flow-Analysis
📧📧 DM me if doubts (100% response rate)
📓📓Learn Order Flow like a PRO:
www.ofa-course.com
🧑🏫🧑🏫 Author of the #1 Order Flow Script:
www.tradingview.com/script/WhQSEfKT-OFA-Order-Flow-Analysis
📧📧 DM me if doubts (100% response rate)
The video explains in detail my thought process...