More from @Am_Shai

Shai | Power trading with Orderflow

@Am_Shai

28 Aug

It's the weekend & I'd like to share with you a money making strategy in the #MarketProfile approach to trading the markets

And No ! I won't ask you to grab a cup of coffee & read this

Weekends are for more than coffee :)

But do take notes. There is a definite edge in this

First and foremost, to all who are new to the #MarketProfile- (MP) is a robust system of trading which involves Price, Time + Volume- 3 parameters

All 3 together, hence a bigger edge to us as traders

You can start reading about the #MarketProfile at - vtrender.com/what-is-the-ma…

The strategy we are going to look at today is called the Initial Balance strategy

The name is important

What's in the name?

Lots! & the game too

The Initial Balance is the first 60 minutes of trading. Now you understand why we use the word Initial .

But Why 60 mins?

Read 17 tweets

Shai | Power trading with Orderflow

@Am_Shai

14 Mar 20

I work with candle sticks also. They are present in all my #Orderflow charts and I have them plotted to the left of my charts .

This disclaimer to all who think I do not use candle sticks and bars.

I repeat they are present in all my charts, even my #Orderflow charts.

But for intra-day , if you are using 5 mins and 15 mins or even 30 mins and using them to make decisions, you are at a big disadvantage.

Allow me to explain. I'll take a few minutes

Candles give us the Open, High, Low ,Close. We call it OHLC.

- 4 parameters to make trading decisions out of.

Then the relation between the open and the close and the shape it gets decides

a) the color of the bar
b) Bullishness or bearishness

Would you agree?

Read 15 tweets

Shai | Power trading with Orderflow

@Am_Shai

14 Jan 19

Around the last week of October I was aware of 2 big conferences which would bring together a lot of new traders, & a few struggling ones, & I had made up my mind to speak at one of these on #MarketProfile and using the message of the market well, to stay ahead of the curve(1/n)

It was a choice for me, and I wanted to offer my time to the one who first came to me. Of the two, TC had built a reputation for conducting these events, and DE was a new kid on the block with people who had previously worked with TC. So there was no choice between the 2 actually

For those unaware, the 2 groups bring together a section of speakers through a discretionary process , for benefits ranging from gate money which is the price you pay for entry to sponsorships to selling their charting software which is true for DE and so far not the case with TC

Read 12 tweets

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