Mar 302012

After 1 month of testing with a small group of traders, the feedback has been overwhelmingly positive and I’m happy to make my automated order flow signals available to everyone real time.

The basic idea of the signals is to find potential reversals by monitoring for transitions in the order flow from buying to selling or vice-versa.  They’re currently available for ES and I’m working on making them available for Stoxx as well.

I’ve been showing these signals on my charts (the red & blue arrows), so if you’d like to see how they work, you can review the past month of charts.  I do want to point out the way I use these signals is for timing my entry at my levels after I have verified the R:R.  I have found these have helped improve my greatest weakness:  being early with my entries and exits.  Not every signal results in a reversal, if it did I’d be a gazillionaire by now.  They’re just another piece of the puzzle.  I believe there are very few really good R:R opportunities per session and these are often accompanied by a signal.

You can read more about them here: Order Flow Signals Service.

Here is an example from yesterday:


Mar 302012

Today was a day where I stayed out of trouble.  I didn’t take the long signals because I didn’t want to fade (but the long signals would have worked pretty well).  And then once that was rejected shorts were risky.  I tried one but scratched when it came back on it, much to my regret.  Tried another later in the session but when the open held I scratched it too.  So all gains were made in Globex (on that first sell signal).

Mar 282012

Today was a tricky day.  Pre-market the signals worked great but I cut the first long short.  During RTH I took the first long signal but scratched it when it came back.  I almost took the short at 1402 but I was waiting for a test of IBL and I missed it.  I was a bit disappointed by that as I really thought we’d get more continuation down.  Then I did some bottom fishing, got the last long signal but was out by VPOC and I really cut that one short.

I’m gaining confidence and just need to stay in the winners longer.