One of our many successful students recently shared his journey to trading success using the principles of order flow trading.
Hi there! My name is Milan and after I completed the program and reread the lessons about 10 times and made a ton of notes, I saw it as my task to find as many order flow strategies as I could find.
Initially I was all crazy about finding the next best strategy, like in my old days of technical analysis trading. One of the lessons promised me there are a lot of inefficiencies in the market that can be exploited and I felt like going nuts because I could not find them!
Then I focused on the core strategies presented in the lessons and for me, it was all about the order and stop information. I interpreted many moves as stop hunts and was looking for the next best bid or offer level cited to bring a trading opportunity.
Well, after some time, I realized that was not really what order flow trading was about.
What transformed my mindset was the realization that this is not about knowing every level where bids/offers or stop loss orders reside, but getting an edge .
To do that I asked myself the following questions: What am I doing? Why should my strategy work? What advantage do I have? What about the participants taking the other side of my trade (not technically my trade, but generally the other side)? And so on...
This was the point where my performance took a sharp turn to the better. I reorganized my complete approach, recognized what my edge is, why it exists and what I will be looking for when trading.
I still take notes of various bid/offer levels and where I expect stops to be (both not hard to predict once you understand how), but what changed is that I don't care about those levels until I see a high probability trading opportunity . That is the point where I will focus on certain levels, but otherwise, I am not trying to interpret which bids and which offers will have any impact.
Sentiment is really the largest factor for order flow trading. I initially tried to find strategies for trading when sentiment was unclear. I HAD to trade. Well, it didn't work out well, because I was impatient, had the impression I must take some action and my trade ideas were just crap.
Focusing on clear sentiment gave me an edge . I must wait more patiently for a trade now, but guess what? That patience improves my self-confidence .
I generally monitor markets 12 hours every day, but only take a trade if sentiment is clear and I see a high-prob opportunity according to my trading plan.
Watching markets all day but doing nothing sounds crazy, but it helped me a lot. When I see a trade according to my plan, I TAKE IT! The patience gives me the necessary confidence in my trade ideas that I need for the entry, the trade management, and the exit.
I believe many order flow traders are drawn toward intraday trading. For a newbie, the newly learned material is likely very exciting and he/she is drawn into over-trading and over-interpreting various market situations. That is exactly what happened to me.
The key to success is to think really hard about your core strategy and your approach and ask the questions as mentioned above. Be tough with yourself regarding this.
One thing I would strongly suggest is to enroll in the Order Flow Training Program. Before completing the mindset lessons I was lost and confused, not even knowing where to start. It definitely helped me get on the right path to earning the kind of money I deserve and I know it will help you too.
Thank you for reading and may peace & profit be forever yours - Milan