Hi,
NQ and order flow are like a match made in heaven for retail traders because it allows them to move in and out quickly and participate in nice moves.
This morning in the NQ Futures there was a great short term long trade that quickly resulted in a quick 8 point move over a couple of minutes based on the order flow.
After the cash-market opened, the NQ futures were drifting lower on continued selling pressure. And the NQ market put in a swing low at 8086.25 where strong buying started appearing and the market rallied about 13 points from that low over the next few minutes.
If you were watching order flow, the signs of the move BEFORE it happened were pretty clear.
Going into the swing low, the delta (net difference between aggressive buyers and aggressive sellers) was strong. -196, -152. At the low delta early on was -43, but what happened? The selling dried up and aggressive selling came in and turned positive reached a high of +51 before settling at just +2 delta. The next bar saw the market trade higher and had more aggressive buying than selling and finishing with a delta of +51. Finally the next bar (2nd bar after the low) had a nice strong positive delta of +145. It exhibited 4 buying imbalances. From the swing low, the POC (point of control) was acting as support for each subsequent bar.
Over the next 2 and 1/2 minutes the market popped up a quick 8 points. From 8092.00 to 8100.00 where it proceeded to trade sideways for several minutes.
If you want to dive deep into understanding the order flow aspects of delta, point of control and imbalances then you should read more about my Orderflows Foundation Course Bundle which is actually 3 individual in depth courses on delta, point of control and imbalance.
Once you understand how to read delta, point of control and imbalances you will have a real and better understanding of what is actually occuring in the market.
These course are not some fluff course where I just simply talk about delta, point of control, imbalances and stacked imbalances. Individually, these courses are a deep dive into specific aspects of order flow trading and analysis and you will come away with knowledge that many other traders don't have or use in their trading.
I also explain 26 trade setups that you can look for in the order flow so you can immediately apply what you have learned.
Find out more about the Orderflows Foundation Course Bundle:
http://www.orderflows.com/foundation.html
I look forward to seeing you on the inside.
Thank you and regards,
Mike
P.S. This is a limited time offer, so don't miss out.
http://www.orderflows.com/foundation.html
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