Thursday, October 7, 2010

The Journey of a Trader - Order Flow

I learned early in my trading career and as I've mentioned a few times in this blog, "trading is not a destination, but a journey". There is always something new to learn and another layer of understanding that can be added to our methodology / trading plan.

As I've traveled this journey, I come across certain strategies that resonate with me. They immediately make sense and make an impact "ha,ha" moment enough to want to learn more.

A few months ago I discovered Market Profile and more recently, I began learning more about order flow. I am in the process of understanding more about these to aspects of trading as I think it is a key component to add to my quiver of strategies.

Additionally, I've come to the realization that my trading plan is not what it should be. I do not have enough structure in the plan to maintain a necessary disciplinary road map to follow as the market provides setups and structure.

Although I am a discretionary trader, I must have better structure (trading plan) in order to "play the game". Learning and applying order flow and MP to the plan seems like a natural fit in this journey.

Trade Well !