Hey everyone, as the title says, i’ve just recently started learning about Orderflow, Auction Market Theory, Wyckoff, etc. I have been trading for roughly 3 years, but i’m still very unsure of whats good and bad in Orderflow. I trade MNQ on the 5 minute chart, please give feedback about my strategy.
Liquidity Sweep (From best to worst)
- Price breaks Yesterday VAH/VAL [VPVR] – after 09:30
- 09:00-10:00 candle CRT High/Low
- Price breaks Today VAH/VAL [VPVR] – after 09:30
Trap
- Wyckoff phase C = Price swept the liquidity but stalls
- Bookmap large red line swept and price stalls after
Entry (All are individual confluences) (From best to worst)
- Volumetric Bar Statistics visible absoprtion (For Long: Min delta is large but candle moved upwards / For Shorts: Max Delta is large but candle moved downwards) (This is my entry alert)
- – Cumulative Volume Delta Divergence with the candles (This needs to occur for a setup to be valid)
- – Delta flip from one side to the other (On the absorption candle to confirm direction change)
Targets (Strongest to weakest)
- VAH/VAL
- Point of Control
- VWAP and Standard Deviation Levels of VWAP
RULES:
- No trades before 09:30, and Liquidity sweeps don’t count as points before NY open
- Volume profile morphology for daily bias and alert
- No timeframe hunting for CVD Divergence – sticking to 5m
- Momentum is NOT Absorption and don’t FOMO into trades because of it
- CVD Divergence is mandatory
- Stoploss around 10-20 points away always (Roughly 1:5 Risk to reward)
- If a trade stalls or shows more rejection/absorption constantly then exit early
submitted by /u/Heronic35 to r/OrderFlow_Trading
[link] [comments]