It is worth noting that the author, Daemon Goldsmith, was a longtime member of the Forex Factory trading community. His membership was eventually revoked in 2017 after some follow‑up products and services disappointed subscribers, but the original book remains highly regarded by those who learned from it. Goldsmith continued trading successfully for his own accounts, making a fortune trading Bitcoin, and his real‑time trade alerts posted to his blog generated portfolio returns exceeding 1000% over the twelve months following the COVID‑19 pandemic outbreak.
itself. He stopped seeing candles and started seeing the "footprints" of the big players—the massive buy orders hitting the offer and the heavy sell-outs hitting the bid. The Turning Point: "Trading for Fun" Order Flow Trading For Fun And Profit Pdf
Place your stop loss just below the footprint candle containing the imbalances. Strategy 2: Spotting Market Divergences It is worth noting that the author, Daemon
Look into platforms engineered specifically for order flow analysis. Top choices include Sierra Chart, ATAS, Quantower, and Bookmap. itself
While trading can be stressful, understanding the why behind price movement through order flow can make it feel like solving a puzzle, bringing "fun" back into trading. 1. Transparency in a Noisy Market
Before using real money, use a simulator to get comfortable with the fast-paced data of a footprint chart. Conclusion
The Tape is a rolling, real-time ledger of every executed transaction. It displays the exact time, price, and size of every trade. Modern order flow traders use "Filtered Tape" to only show massive institutional orders, stripping away retail noise. 4. High-Probability Order Flow Strategies Strategy 1: Identifying Institutional Absorption
