Order flow basics: the beginner course
Module 02 · 2 · The terrain: futures and their trading dayLesson 8 of 658 min🔒 Students only
Who is on the other side: the market participants
Every time you buy a contract, someone sells it to you. Understanding who these people are, and why they act, keeps you from taking every large order for a signal. Order flow never shows you names; it shows you footprints: a size, a persistence, a rhythm, a reaction. Linking a footprint to a type of participant is already reading.
There are thousands of participants on ES, but they fall into a few families. Each leaves a different trace in the book and in the flow.
Student access · free
The rest of this lesson is for students
Also in this lesson
- The families of participants
- Execution algorithms
- Why retail stops matter
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