Order Flow and volume profile trading

[Kumar997]

Hi Jitender,

Go to Tools-->Instrument Manager --> Select the Instrument list where u had added NIFTY

Change the desired value under Ticksize .

Hello Everyone!

Can anyone please guide how to change tick size of Nifty or for that matter any scrip.

Thanks

 

[Jitender Yadav]

Yes this has been a great initiative for learning thanks to mt4trader.

Another novice question here.

 

[amandeep86]

Hi Mt4trader,

Heartfelt thanks once again for introducing the orderflow concepts and the set up. Able to take the trades with super conviction.

Adding MP to the order flow has helped in identifying the nature of the day that would unfold.

Regds

Hi Kumar997,

Please share your thoughts on using MP with intraday NPOC trading.

 

[amandeep86]

Yes this has been a great initiative for learning thanks to mt4trader.

Another novice question here.

Yes its unfinished auction

 

[Kumar997]

Amandeep,

Still assimilating the information gathered on the MP. Below is what i had been looking at

1. Value & Value area relationships has to be understood
2. Open with respect to VA plays a key role in understanding which side the day will be biased
3. POC with respect to previous days plays a role. Ex. Higher POC, with lower close and open within VA area could probably make a decline first.
4. Market action within the 1st two 30 mins could also give a direction.

Check Market delta website -> learn --> Market profile. Go through the Blogs too. its loaded with information.

Market profile by itself is a Vast subject. At the moment trying to use it for initial bias & S/R Points. If a NPOC around the VA areas, then time for decision.

Hi Kumar997,

Please share your thoughts on using MP with intraday NPOC trading.

 

[mt4trader]

Yes this has been a great initiative for learning thanks to mt4trader.

Another novice question here.

yes it is failed auction.
this will give big move.

 

[mt4trader]

i am outside within 1 or 2 days i will back

 

[rvlv]

hi
It seems order flow system is good in NINJA TRADER.
Ninja trader is a hard thing to go with.

 

[mt4trader]

hi
It seems order flow system is good in NINJA TRADER.
Ninja trader is a hard thing to go with.

once setup it is easy to use
lot of indicators and trading systems available.
ninjatrader and tradestation is most widely used.
ninja is free software.once you learn you will never look into
any other software

 

[amandeep86]

hi
It seems order flow system is good in NINJA TRADER.
Ninja trader is a hard thing to go with.

Its all complicated in beginning, once u use it it becomes comfortable