I basically taught myself order flow scalping with the hope of free videos on YouTube. Below are some of the resources I believe are the better ones. Nothing is perfect, and a lot comes from taking the information and testing things out, and ultimately refining it to be your own style. These resources though are a good starting point.
My Beginnings – From Technical Analysis To Order Flow Scalping
When I first started trading, I went down the usual roads of learning technical analysis. MACD, RSI, EMA, SMA, Bollinger Bands, the list goes on. Everything looked great in the videos, so simple. In practice though nothing worked as good as people made it seem. Sure, it could be in a big part my amateur abilities, but even still, it all seemed a little arbitrary. Looking then at technical analysis with more of a critical eye, I started to really doubt how reliable it is.
I have to admit, when I see charts now with about 10+ indicators on them, I have to admit I laugh. If it works for you great. But usually it seems more like people trying to overwhelm people with information to make themselves look smart. Using information from the past to predict the future just wasn’t sticking with me.
Technical Analysis On Overload
Enter order flow. I don’t remember specifically how I came across it or whose video I saw first, but somewhere in my YouTube travels I stumbled on the concept of using the actual, in the moment, buying and selling happening to see what people were doing. Not only what was being bought and sold, but what orders were on the books, limit orders, at the various prices above and below the current price. Actual supply and demand visualized not with lines and dots, just pure numbers.
Sample Jigsaw Daytradr Depth of Market
But that’s enough about my background and distaste for technical analysis. Suffice to say, order flow just made far more sense to me from day one. Sure there’s some learning to do about what all the columns of numbers mean, how they move, how to interpret them. That’s where the below helped me learn.
Learning Order Flow
There are a few YouTube channels I recommend to learn order flow. I will mention I never paid for a course, a webinar, a chat group, nothing. Everything was learned for free, on YouTube. I did pay for Jigsaw Daytradr software when I realized I really wanted to embrace order flow scalping, and in that I had access to over 10 hours of additional trading on the Jigsaw website, but that was a bonus, the software is of course what I wanted.
Peter Davies – Jigsaw Trading
Peter is the founder of Jigsaw Trading, who makes Jigsaw Daytradr, the software I personally use. It is one of the few Depth of Market (DOM) specific software packages. While most trading software will offer some type of DOM, they don’t allow you to see the all of the information as Jigsaw. Actual orders being added and removed, executions, strength meters and more. It’s highly customizable, below is an image of one of my Jigsaw set ups for trading treasuries.
Jigsaw’s YouTube channel has a combination of both “how to use Jigsaw” type of videos, and also actual scalping techniques. If you like Peters teaching style, like I mentioned above if you buy Jigsaw you get access to about 10 hours of additional order flow scalping techniques taught by Peter. He’s a great guy, and active as well in the various trading forums.
John Grady – No BS Day Trading
John’s material is what I primarily learned scalping using Jigsaw from. His content is somewhat dated, many years old now. That said, the concepts still apply the same today. John is also why I switched to trading treasuries from crude oil. As much as I wanted the action, I saw the reasoning behind scalping treasuries. Slower moving product, more obvious order flow action. John does sell courses on his site, I haven’t taken them myself.
Axia is a prop shop out of London, and puts out a lot of content, so you would have to look for the order flow specific content. It is good, they are a bit more on the selling themselves side, just as a warning. Still, I think there’s value in the order flow content.
Fat Cats of Wall Street
I recently found Fat Cats channel. He’s a scalper, a bit of a character, but I like his content. It’s no nonsense, lots of swearing, but you get the feel he’s a real guy just scalping and talking you through his logic. He’s not selling anything, and I like his reasoning process in trading.
Futures.io is a popular trader forum and I do highly recommend it. Besides being a forum, they host webinars often. They have quite a bit of content on their YouTube channel, but there is scalping information on there. As well you will find the people mentioned above who have hosted webinars with Futures.io, so for example Peter Davies or John Grady will have additional content on Futures.io channel.
If you are interested in learning order flow scalping, the above will keep you busy for hours, days weeks. Use the resources as a starting point. You won’t be an order flow expert after any video. Take the knowledge, try things out, adapt to your own style. Test things out. I recommend not paying for courses, and never pay for gurus or experts. I learned on my own, for free, and you can too.
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