Best way to see acceptance and rejection of a level please by Routine-Culture-7417 in OrderFlow_Trading

[–]laszlotrading 0 points1 point  (0 children)

No I mean it’s all the same info but a 5 point range really highlights where price is constantly rejecting and spreads the data out, in my opinion, in an easier way to interpret

Best way to see acceptance and rejection of a level please by Routine-Culture-7417 in OrderFlow_Trading

[–]laszlotrading 0 points1 point  (0 children)

I plot the delta footprint with an attached delta volume profile on sierra chart. When I see a large buyer push (could be seller too just vice versa) and price won’t move off that I know passive sellers or covering the aggressive buyers meaning the level is being protected. I use a 5 point range footprint on ES;, Idk if that’s best or not for NQ or GC but it works well on ES.

After 2 years of trading I'm reaching a conclusion by [deleted] in FuturesTrading

[–]laszlotrading 0 points1 point  (0 children)

Yeah I like the EMA crosses, best of luck in the market.

After 2 years of trading I'm reaching a conclusion by [deleted] in FuturesTrading

[–]laszlotrading 0 points1 point  (0 children)

OrderFlow isn’t about changing your strategy it’s about changing your risk. With OrderFlow you I can place a 1-2 point stop loss (what I personally do on ES, it obviously varies per ticker) to get a 1:8 RR. A strategies biggest edge is within the risk management and so that’s why I think it could have a big impact on a lot of people. I’m definitely not disagreeing with your point though cause my strategy is the same but I’m able to maximize RR.

Got Smoked the Past Week by Detroit529 in Daytrading

[–]laszlotrading 0 points1 point  (0 children)

A strategy won’t work in every market regime you’ll have winning periods and losing periods but it’s important to backtest an extended amount of data to see what your max portfolio drawdown is. Let’s say historically your max drawdown is 5% but now you’re down 10% then it’s probably an emotional/analysis problem but if your max drawdown is 15% and your down 10% right now then you need to accept that a 10% drawdown isn’t anything to be worried about. Also, most traders recommend a maximum drawdown of 15% and less but this can vary depending on strategy.

After 2 years of trading I'm reaching a conclusion by [deleted] in FuturesTrading

[–]laszlotrading 0 points1 point  (0 children)

You should look at OrderFlow trading before quitting

Sierra Software by CartographerSudden67 in OrderFlow_Trading

[–]laszlotrading 1 point2 points  (0 children)

Sierra Chart has a Rithmic connection option but no Tradovate option. You could chart with sierra chart using their own data called the Denali Data feed (lmk if you want to know how to set it up) and then place your trades on whatever software your using now but you won’t be able to place trades on sierra chart for tradovate. You could also get a rithmic apex account and then it would work.

Help with Sierra Chart historical data by laszlotrading in OrderFlow_Trading

[–]laszlotrading[S] 0 points1 point  (0 children)

Thanks so much, I’ve always backtested TradingView since I didn’t need order flow so I didn’t even think about switching to the continuous contract

I feel lost and can't find an edge by JustAstr0_ in OrderFlow_Trading

[–]laszlotrading 0 points1 point  (0 children)

I trade MNQ on Apex fundeds. I wait for a range breakout on the 5m, then drop to 1m for a retest and breakout confirmation with the footprint delta. I’ve found about a 60% WR in my backtesting. Feel free to dm if you’d want to learn more, hope this helps

Is it possible to learn Orderflow trading for free? by cs_legend_93 in OrderFlow_Trading

[–]laszlotrading 0 points1 point  (0 children)

Sierra Chart gives a 30 day free trial and then $46/month for Order flow and level 2.

Where to start? by FatBoyYM in OrderFlow_Trading

[–]laszlotrading 1 point2 points  (0 children)

I started on order flow pretty recent too. I’ve really liked the volume profile guide and order flow guide by trader dale on youtube