Key Support and Resistance Levels in Day Trading
In this video, i discuss how to mark up a basic chartbook on Sierra Charts
I detailed the key inflection points to which a trader needs to pay attention. I show areas on the chart where large orders will be populated.
This is part of the OrderFlow series, and this episode shows the preparation a trader should be carrying out prior to each session. The Depth of Market (DOM) should then be utilized to nail down an entry point!
The studies used in this chart are as follows:
Daily OHLC - Plotting the previous day's open, close, high, and low
Initial Balance - The range set for the first hour of the US session
Volume by Price - Monthly volume profile
Live OrderFlow trading examples? • How To Trade OrderFlow - Live Trade Exampl...
Absorption and Sweeps on the Depth of Market (DOM)? • How To Trade OrderFlow - Absorption and Sw...
How to read the DOM? • HOW TO READ THE DOM? Depth of Market Expla...
How to set up and configure the Depth of Market? • What is the DOM? How to Configure it in Si...
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