Honestly, this is the best trading channel i have seen in my life. My friend started trading and I saw those stupid lines(random support and resistance that made no sense) I felt that was dumb so I searched and I found a youtube ad for a trading course that promised to showcase these tools but after some searching, I found out that it was useless but I got the name of the tools and well I am here now. So thank you so much for this insane channel
Wow I ve been wondering around looking for someone dat can explain dis staff t me in a descent manner ,.finally got u dale ❤ur superb at he u break it down ,I downloaded two of free books soon am joining ur class ,.here is ur new student .may God protect u for me
Very helpful video i recently buy your book from Amazon. I start reading it and for a while i stoped my trading. I found your content important and i feel i can lear from your book as well from your videos. ThNk you soo much
Excellent mate. This for me is great alpha as it’s exactly what I needed at this stage of my trading journey. Wow the journey is loooong and difficult, but I’m getting there. I’ll make it 💪
IM so glad and full of gratitude that i find you you are making big impact in my trading carrier God bless you and keep you healthy you and your family so humble person love you Dale.
Hey man you are a great teacher. This made my life lol. Understand what i am trading lol. So simple just never thought that way. going to keep watching your vids.
Hi Dale, thanks for sharing this kind of number patterns (USUALLY THIS REPRESENTS CANDLES) for BULLISH and BEARISH. Such ORDER FLOW can easily help predict possible entry.
Being a Begginer I was watching videos from Quant Trader, where he frequently mentions you as the Guru on Volume Profile trading. Dale, I wanted to ask if you have your indicators available for TradingView. Also, just by watching 2 of your videos, I was able to place Paper Trades on BTC and ETH and guess what I made 5% plus rise in price while sleeping. The strategy is phenomenal ..... Thanks
Hi Thanks for great video . I am little confused about ask-bid place Passive sellers and buyer , how they cab change the place and how would us know that TIA
Hello, I'm Brazilian and I really liked your video. I am following your material and I will try to apply it to the local currency market. Congratulations great content.
Thank you for this video. I am going to download the Orderflow book. I have already read your volume profile book. I bought it on Amazon. As I was watching this I used to orderflow to confirm a long position I was watching. I could see that the selling was being absorbed by the buyer with the Heavy volume on the bid and ask. I worked perfect. Very interesting.
@@imtiaz1253 yeah, I have been using the footprint as my trigger chart. My win rate has really improved and my initial risk has when way down. That is just me knowing the basics. I can't imagine what the pros can do. Now I need to get better at it.
it is really a great content, but how should i react when the Price Break through thr Support level or thr R Level in this cace i cant tell if this Big volume belongs to Whom? thanx
Hi Dale, thanks for this video about ordeflow ..first few minutes into the webinar and I am getting confused as to me "bid price is the highest price that a buyer is willing to pay for a stock. The ask price is the lowest amount that a seller will accept for a stock. The difference between these two prices is known as the spread". ...and you showed bid = sellers and ask = buyers , the opposite ..secondly in previous ordeflow webinars all the traders explained that they confront bid and ask in "diagonal" and you showed bid -ask horizontally if that makes sense ...in the first exemple 44 bid vs 42 ...whereas in Like's video for instance it would be 55 ( diagonal and above the " 44"...this is confusing ..I hope you can clarify things for me and appreciate all your videos
Hello, yea you compare bid x ask diagonally. I teach that in my book and course, but with these setups I showed you, you actually don't need to compare. Only with Imbalances, and those are compared automatically diagonally. I showed it in the presentation. Bid = aggressive sellers or passive buyers, Ask = aggressive buyers or passive sellers. Depends on the type of order (Market or Limit).
I think there is a critical error at 9:03, this was throwing me in a loop for a while. I even bought the ebook and the error is correct there. It should say "Bid = Aggressive Sellers AND Passive Buyers" instead of "or". Logic: Order flow is about executed trades and trades are only executed if there is a market order and a limit order. This is then the new price. And like Dale also says in his book, you can't know which is which because level 1 data doesn't show
Great video! However you are wrong at something. When there is a trade at the ask it means there is an agressive buyer buying to the passive seller but not one or the other, the same applies for the trade at the bid.
Thank you for your feedback and comment. I appreciate your input. However, I must respectfully disagree. When there is a trade at the ask, it means that someone is willing to sell at that price and a buyer is willing to pay that price. Similarly, when there is a trade at the bid, it means that someone is willing to buy at that price and a seller is willing to sell at that price. There may be cases where a buyer is being aggressive in buying at the ask or a seller is being aggressive in selling at the bid, but ultimately it is the interaction between the buyers and sellers that determines the price. If you are interested in learning more about order flow, I would recommend checking out my book on Order flow, which is available for FREE download on my website trader-dale.com 🙌
Hi Dale. I have a question. The Orderflow software. Does the license only work on a single computer? I want to update my computer and I am interested in the orderflow software. Best regards.
Very great video! I will pass the week to watch all your playlists :-) At the beginning of the video, you were talking about sharing templates. Is it possible to get them or do we have to take your courses right now?
Thanks so much for the important information you are sharing us; On 27:36 on the upper part of the screen shows MULTIPLE HVNs, and it really isn´t; you are showing a VOLUMEN CLUSTERS grafic. Am I right? . Ones again thanks for the valieble knowledge.
Can you clarify why you are unsure whether the high quantity orders are buy or sell? If you see a high quantity in BID it is a big buy order if you see a high quantity in ASK it is a big sell order? Why do you need to guesstimate that?
Hello Dale, at around 4:15 minutes in to video, you are talking about Buyers & Sealers: If Red means Sealers are stronger & if Green means buyers are stronger. I am not sure what does "stronger" mean in this context. If Red, i.e does it mean sellers were willing to sell at lower prices? Does that make them stronger?
Something about the way the FootPrint is interpreted is confusing the heck out of me. The first of which is, if we have the BID on the left of the footprint and ASK on the right, what this tells me is that we have buyer pressure on the left and seller pressure on the right, right?. But this ofcourse is not the full story since we have two kinds of buyers and sellers (i.e. Agressive and Passive). This leads me to my next question. According to the logic presented above, I would associate the Passive Buyers with the BID side and the Passive Sellers with the ASK side. Now that leaves the Aggressive traders. Here is where I get lost. Why are we placing aggressive buyers in the ASK slot and the aggressive sellers in the BID slot? This just feels counter-intuitive to me. Aren't we placing the "market participant", in either slot, based on what "he/she" is doing? (i.e. buying or selling regardless of whether it is aggressive or not?) Somone, please clear this up 😭
What if I use Order flow for S or R levels and take trade using conformation tools (Delta divergence)? Is it fine (Ex: In 30min Volume cluster or Multiple nodes I mark support and resistance zone and in 5 minutes i can use Big limite order, Absorption, or cumulative Delta divergence for confirmation ( 1min)) Please advise 🙂
@@TraderDale1 yeah I read that book, after reading I sent one email to you with my doubts by this same account 👇👇👇 Hi dale, I read your Order Flow book, it is really impressive. I want to trade with your OF Software. Firstly I'm from India and new for currency trading. I'm unsure about something in this, So I request you to advise on this, Is it works well EUR INR pair for order flow.? Is Indian data feed enough off to trade successfully ? Or should I go for a broker that out from India? (Is it really matters trading currencies from India and out side country. ) And any sources available to know this stuffs? Hope you understand my concern. What is the better way to this. Please please let me know on this dale :) Thanks Prajwal
This is some valuable content. thank you for that. I have a question regarding a pullback after a strong move; What is the idea behind these pullbacks. Why there's always a pullback after a strong move? what causes this?
There are buyers and sellers on any and all price point. So imagine 2 opposing forces constantly push and pull an object, do you think the object will move in only 1 direction? Or the object will move back and forth until 1 side win?
Hello Dale, I certainly need the elite package to have access to all the necessary tools. You did say that Ninja Trader platform is free to install your indicators there. Do we need to pay monthly charges for the data to them as well?. Thank you
Mhm, so what was the point of attributing the left side of the footprint to BID and right to ASK if each side has the potential of being filled by Sellers or Buyers? Don't BID and ASK have clear Definitions?
use volume profile, volume, and candles..some patterns give me i think a 70% success rate, do you think using order flow can further increase that rate or is only something additional but not necessary? Thank you
That's a great winrate, I'm supposing it's with 1:1 rrr? (you can't mention one without another!:)) Definitely yes, the best way I've found is actually using it as the confirmation to my pre-defined levels based on Volume Profile, VWAP, and price action.
