To trade order flow effectively, focus on these common patterns:
The raw, scrolling log of every completed transaction. It details the exact time, price, and contract size of every trade. High-Probability Order Flow Setups order flow trading for fun and profit pdf 2021
The 2021 revision of this philosophy focuses heavily on the shift toward retail trading volume and the impact of algorithmic execution. It moves beyond the basic "Level 2" data of the past and focuses on . To trade order flow effectively, focus on these
| Tool | Function | 2021 Popularity | | :--- | :--- | :--- | | | DOM & Tape reading | High (The gold standard) | | Sierra Chart | Footprint & Volume Profile | Very High (Cheap, steep learning curve) | | ATAS | Cluster charts | Medium (Crypto focused) | | Bookmap | Heatmap of liquidity | Exploding (Used by prop desks) | It moves beyond the basic "Level 2" data
: Price makes a new high for the day, but the cumulative delta prints a lower high.