Daemon Goldsmith - Order Flow Trading For Fun And Profit.pdf [exclusive] Online
An institution wants to sell 1,000,000 shares. If they show that, the price plummets. So, they use an Iceberg order. They show 10,000 shares; when those are bought, another 10,000 appear.
A market order sweeps multiple price levels on the DOM in milliseconds, eating 3–5 ticks of limits. This is institutional hunger. Follow the sweep direction with a market order of your own—but wait for a tiny pullback first. daemon goldsmith - order flow trading for fun and profit.pdf
After a strong move, the tape goes quiet. Spread widens. Very small trades. Then suddenly: a large trade prints at market. That was the first mover after consolidation. Enter immediately. An institution wants to sell 1,000,000 shares
Institutions often push price to trigger a cluster of stop-loss orders resting just beyond obvious support/resistance levels. As these stops are hit, they act as market orders that fuel the institution's position in the opposite direction. The trader learns to anticipate these traps and enter when the "real" flow starts. They show 10,000 shares; when those are bought,
A candlestick alternative that shows, within each bar, how many contracts traded at each price tick, plus the delta (difference between buying and selling volume at each level).
