Order flow on Dow Jones futures

Order flow, volume profile, VWAP and the Initial Balance on Dow Jones futures (Micro E-mini Dow, MYM), from the Order flow atlas space in Hetman Capital Club. The last three articles take real sessions apart piece by piece.

• Auction market theory: how the market searches for a price both sides will accept The market is neither “too expensive” nor “too cheap”. It's a continuous auction that constantly tests the price at which people want to trade. Auction…
• Exchange or Broker: CME Futures vs CFDs and Forex with a Market Maker Before you start looking for an edge, check what market you are actually trading. The same Dow Jones chart can come from a regulated exchange with…
• Volume profile: how to read the POC, value area, HVNs and LVNs A candlestick chart shows where price was and when. A volume profile shows something else: how much trading took place at each price level. It's…
• VWAP and deviation bands: what they tell you and what they don't VWAP is one of the benchmarks institutions use most often – and one of the most misunderstood indicators…
• The Initial Balance and day types: what the first hour says about the whole session The first hour of the regular session is when the market sets its initial range. In Market Profile theory it's called the Initial…
• MYM contracts and rollover: what you need to know about expiration Unlike stocks, futures contracts have an expiration date. For an MYM trader that means four times a year when you have to…
• MYM Trading Hours: Sessions, Breaks and Clock Changes MYM trades almost around the clock, but not every hour is the same. Liquidity, volatility and the character of the moves depend on…
• The macro calendar: the data that moves the Dow and how to prepare for it Some of the biggest intraday moves come with macroeconomic data releases and central bank decisions. Within seconds…
• A Trading Journal That Teaches: Structure, Tags and Review A trading journal is a trader's cheapest and most effective development tool – and the most often neglected. Most…
• Replay training: how to practise reading the market outside the session An athlete doesn't train only during matches, and a pilot spends hundreds of hours in a simulator. Traders often learn only during the session, with…
• How to read charts from a real market This series has no “how it should look” drawings. Every example is a real MYM session from my own data: Sierra Chart ticks, recordings…
• Absorption on a real market: 51,300 Absorption is aggression that doesn't move price. A passive participant takes every market order at a given level. In theory it's simple. On…
• The jobs report: minute by minute Macro data releases are the fastest minutes in the market. This is what MYM looked like around the September NFP (non-farm payrolls) report on October 2…