Origin Order Flow/Original Order Flow/Fresh Order Flow Flashcards
What is a collective of orders sent from the broker to the exchange orders and can sit on the exchange until filled or canceled?
Order Flow
What are the two types of order flow?
Demand = Buying order flow
Supply = Selling order flow
What does order flow mean?
When prices gravitate from one pile of orders to the next. Price goes from being cheap to expensive & vice versa.
Prices will go the opposite of wherever the pile of orders resides? True or False
False - Where orders reside that is where price will go
How do we identify and qualify Original Order Zone?
Zone formed off a continuation pattern that sits by itself with no historical interaction with another zone could be tested.
Which retest is the strongest, most important, and where we buy-in?
1st retest
How are Origin Order Points formed and when is there a new Origin Order point?
Anytime there is a new All-Time High or All Time Low
What happens the more times a zone is retested?
The zone gets weaker the less order flows resides in that zone
Origin order zones that start at lowest point are considered what zone?
Demand
Origin order zones that start with the highest point are considered what zone?
Supply
How many qualifiers do Fresh Order Zones require to be valid?
Two - Look to see if it interacts with previous zone and Look right for no test.
How many parts do Origin Zones (Levels) require to be valid?
Two parts - left for higher/lower peak/valley and could be retested
Who do we trade with?
Institutional traders - Trade with the whales
What continuation pattern creates new Original Order Flow Zone?
Drop-Base-Drop or RBR
Which retest is going to be neutral/price point where it can go up or down and probability is no one favor.
2nd retest
