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Trading desk: advanced order flow

Module 08 · 8 · Like on a trading deskLesson 24 of 289 min🔒 Students only

A pro's pre-market routine

Before the open, a desk does not "watch the screen": it prepares. Forty-five minutes, four blocks, a one-page document.

1. The levels

Yesterday's high and low, yesterday's VWAP and POC, value area, overnight range, upcoming opening range, round numbers, unfilled imbalance zones. Ranked: confluences of levels (two or three references at the same price) first.

2. The context

  • Macro: the day's release calendar, with the exact time. A major release in the first hour changes the plan.
  • Structure: where are we relative to yesterday's value area? Has value been migrating for three days? Trend or balance likely?
  • Related markets: the ES, rates, the dollar, the large-cap tech names in pre-market for the NQ. Not to trade them, but to know whether the NQ is alone or accompanied.
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The rest of this lesson is for students

Also in this lesson
  • 3. The scenarios
  • 4. The risk plan

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