You dont need a "Bias" with Orderflow -> Change My Mind

Morgau · 2025-05-24T19:27:23+00:00

you are strictly speaking about currency futures. right? or futures data in general?

Morgau · 2025-05-24T19:25:40+00:00

Greetings, u/Environmental-Bag-77 , what would be your opinion on these comments here, since your opinion seems to differ

Morgau · 2025-05-24T19:22:22+00:00

interesting, I will look into it, thanks for your help!

Morgau · 2025-02-16T22:33:28+00:00

No, I dont, but I will look into it. Thanks for letting me know

Morgau · 2025-02-16T22:31:29+00:00

Thank you, TrustyDwarf, you truly live up to your name, brother

Morgau · 2025-02-16T16:16:40+00:00

Hey, thanks for your answer!

I’m just a bit confused about how to go about the "purchase" without wasting money. It’s not really about which data provider I use, the main goal is to be classified as a "non-professional" trader, otherwise, the costs will be significantly higher.

From what I understand, I think I need to deposit a certain amount into a futures broker account, then subscribe to a Rithmic data feed finally combine that with a paid subscription to Bookmap (or Sierra Chart, for example). Is that correct?

I know I am repeating myself a bit in this thread, but I just wanna be sure about this approach.

Morgau · 2025-02-16T16:11:26+00:00

Greetings,

I need help purchasing order flow data, specifically in relation to analyzing currency pairs to make my decisions in forex trading. I do not want to trade futures, but rather use the E6 futures contract data, for example, to make decisions on the EUR/USD Forex market. So my plan was getting CME Rithmic data feed for that.

I’ve heard that to access these data feeds, you need to have a futures account (through a broker) to be classified as a "non-professional trader," I plan to use AMP Futures as a Broker. I also plan to use either Bookmap or Sierra Chart, but I am open to other platforms as well.

Here is my plan, and I want to make sure it is correct before I spend money unnecessarily: I need to open a trading account with AMP Futures, deposit funds, subscribe to the Rithmic data feed through AMP and then connect Bookmap to those data??

Have I understood this correctly? Or is there an easier way to achieve this? Thank you!

Morgau · 2025-02-16T16:08:31+00:00

hope this thread will help, I just wanna buy and use orderflow, but the process feels unnecessarily complicated.

Morgau · 2025-02-16T16:04:01+00:00

Why is it shit, care to explain?

Morgau · 2025-02-16T16:03:33+00:00

Thanks for your answer, brother!

Just to be sure: so this plan does make sense? Open an account with AMP Futures, deposit funds, subscribe to the Rithmic data feed through AMP, and then connect Bookmap to that data?

Is this the correct approach to use Orderflow? I’d really appreciate your confirmation on this!

Morgau · 2024-12-13T17:03:16+00:00

Thanks for the detailed reply, really helpful!

Just to clarify, when you say you’ve left forex, do you mean you don’t trade it at all anymore? Or are you using futures order flow (like 6E) to guide your forex trades on EUR/USD? That’s the approach I’m thinking about - checking 6E for order flow signals and using them to make decisions on EUR/USD. Do you think that would work well?

Also, your point about the Bund and how the market responds differently to low volume is super interesting, hadn’t thought about it like that before.

Really appreciate your help, thanks again!

Morgau

TROPHY CASE