DislikedYou make a valid point about using any signal once you understand the directional bias, but by using the signals you mention, your leaving a great deal of profit at the table. Would it not be better to exploit the short term order flow opportunities to get in early in the move?Ignored
But i dont think i am there yet to exploit short term OF to get in early in the move and have small stops.I dont know where i am with this OF thing cause i have not even started reading about market micro-structure. I dont know yet if i want to go down that road.
I like the mindset side of it.
I mean i'd like to develop the mindset of an OF trader. I want to process the information and construct tradable scenarios around it. Its pretty repeating what have been said many times before that i want to know what will make people trade in the future. I dont know how much microstructure knowledge i need to do that but i am trying with basic Fundamental/Intermarket/Technical things i already know.
If i can achieve a mindset that enables me to take trades into direction of the overall market order flow than i am comfortable with entering on a Pinbar, Trend line touch or even a RSI 50 line cross knowing that my trade is a winner no matter what tool is used to get in the market. After i can achieve the mindset and trade successfully for sometime than i maybe i will venture into microstrusture stuff to get closer to short term dynamics.
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