Jumat, 15 April 2011

Going with the Order Flow

It's not hard to see the order flow. Using my magnifying glass shows an exaggerated view that often reveals a lot.

Range Bars are a very different type of bar chart to most of the others, as they ONLY look at vertical price development.

The chart below is a 1 tick range bar chart but with the indicators based on a 3 tick range bar chart. This is not to be confused with multi-time frame trading, because I am trading the trend of the 3 tick range bar, but by "magnifying" the bars I can see and time my entries in a more granular fashion, especially in these less volatile times.

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