
In this section of the course you get a breakdown of what to expect and start to digest the scale of what you will be achieving by taking the course. Order flow has become an essential in trading financial markets more than ever before.
In this section we will look at how to observe the passive order state, the impact of time on trades and how you can start to make sense of what is happening on your DOM before you even consider placing a trade. You will have to monitor a few variables, this course will help you do that.
In this section we continue off from part 1 to explore market orders and last trades, what they tell us in a live market and how to best interpret the data. You will hopefully find some useful hacks in preparation for executing into fast moving markets.
One of the most important aspect of trading is being able to time the trades. In this lecture I will explore the relationship between reading and executing. What to look out for and helpful descriptions all using a live DOM.
In this lecture I pick up from part 1 focusing on trade entry and stop placement and a deeper exploration of the relationship between traders who are offside and those who know when to execute. A chance to see when your opponent is clearly wrong.
In this lecture we take a look at risk from a different point of view, especially exploring predatory algorithms and questionable techniques traded on exchanges. These are important risks to assess before you start trading on exchanges.
In this final section, we get an opportunity to recap and also explore the concept of managing risk on the trade.
As a someone who has been in financial markets for well over 15 years now, I can safely say... Markets are my life. In that time I have traded multiple assets and managed to a large degree a very successful personal and group portfolio. The Order Book has been very influential in my exchange based trading and whether I was taking a position with counter party closed book risk, like CFD's or I was taking an exchange based clearing house covered counter party risk, my DOM was always with me.
In this advanced course on Order flow and DOM trading, I will take you through the importance of trading with the DOM as markets blast into the algorithmic era. You need to know what kind of animals you are dealing with, why trading in 1985 is very different from 2020 and why by 2050 it will look even more different. You will learn the skills to build on your order flow knowledge with a live DOM replay.
What you will learn
How to read and understand the DOM
Get a 360 view of executing on the DOM alongside charts
How to read charts alongside DOM
Understand and identify predatory traders
See when your opponent is offside
And much more...
I hope you enjoy this latest instalment in Order flow. Join our Discord community for more support.