Learn how increase your trade profits using order flow and market context.
Order Flow and Market Context are important concepts for experienced futures traders to incorporate in their trading if they aren’t already - it is the difference between being a predator and the prey while trading.
Order Flow is real time measure of the volume in the market, a measure of the amount of liquidity and the number of trades taking place. If read correctly (“reading the tape”), it can be a fairly clear understanding of what other traders are doing in the market - information that many traders don’t even know exists, and a huge advantage over those people!
Market Context is the overall environment in which the futures market is taking place and includes factors like market data, news, and or the like that may impact the market.
By studying these two factors together, experienced traders can better assess the current state of the market and make more informed decisions when trading futures.
The Workshop
In a 3 hour workshop (3 separate 1+ hour workshops), Pro Trader Dan O'Brien will explain the concept of order flow and "reading the tape" in market context, how to do it in the most effective way, and how to use it in your decision-making process.
Dan will also discuss how to use order flow to identify potential trend reversals, areas of support and resistance, and potential breakouts.
Finally, he will provide some practical tips on how to implement order flow in your own trading.
Who is the Workshop for?
This workshop is perfect for traders of any skill level who want to improve their trading results, and it does not matter which software you use to trade with (NinjaTrader, Sierra Charts, TD Ameritrade, TradeStation, BlueWater, etc.).
Whether you are new to futures trading or a seasoned pro, you will gain valuable insight into how to use order flow and market context to identify high probability trading opportunities.
When is the Workshop?
The Workshop will be Tuesday, 5/2/23 @6pm EST , Tuesday, 5/9/23 @6pm EST, and Tuesday, 5/16/23 @6pm EST. Each session will also be recorded, with the recordings delivered to any purchasers for re-watching.
How much is the workshop?
The Workshop is $100 for early signup (prior to 5/2/23), and $150 for the same day.
Instructor Dan O’Brien
Dan O’Brien is a Target Trading Academy co-founder and instructor with over 25 years of experience as a Trader, Developer and Instructor.
Dan specializes in Algorithmic Trading. Over the last 25 years, Dan has developed an algorithmic trading formula that is designed to maximize profitability and minimize risk based on major market movements. For over 20 years, he has worked to effectively “tweak” his formula, and has proven its worth by teaching hundreds of students.
Dan has designed several highly technical order strategies that read each tick and volume update in real-time, with the purpose of joining the “big players” as they move the market, not afterward. Some of these order strategies read what he refers to as "failed auctions," specific size (HFT orders) on the bid or at the offer, mode & mean placement, volume specifics, and more. With these tools, he is not only teaching students how to trade but actually giving them the means to accomplish their goals.
Dan is a true student of the game, and is regularly looking to improve his techniques. By 2010, he had been using algorithms for some time, yet still felt there was more to be learned. He wanted to increase his overall approach to the markets; whether they were currencies, stock futures, or energies so that his prior order entry strategies could be used to their maximum benefits. He devoted time to researching High-Frequency Trading (HFT) techniques, and more importantly, how he could take advantage of them. He did not want to be a market-moving HFT trader, but rather measure their activities and capitalize from their actions.
After thousands of hours of research, Dan identified key reference points and strategies to capitalize on them. He then incorporated several aspects into a new algorithm in order to capture several different types of HFT programs. Today, our students enjoy the benefits of recursive Bayesian estimation algorithms, NASA-level signal processing algorithms, regime-switching algorithms, “Machine Learning” and much more thanks to Dan and his research.
Using his unique Algorithmic Trading strategy, Dan developed CARNAC Technologies.
CARNAC Technologies
If you’ve done any trading in the past, you know that guessing is not the answer. In order to give high probability chances, trading instructor and professional trader Dan O’Brien developed the CARNAC system based on his Algorithmic Trading strategy.
CARNAC uses several very sophisticated algorithms that scan a great deal, from price action to “reading the tape” in real-time to tracking HFT trades. The result is a comprehensive, layered system of cross-checking algorithms that drill down a higher likelihood of a successful trade - the edge that you may need in today’s market.
Some key points:
CARNAC is not a “black box” system; the trader is part of the decision-making process.
The program uses three sophisticated algorithms: “Machine Learning”, “Regime-Switching,” and “HFT Indicators” algorithms. Each algorithm overlays the others, giving a comprehensive “green light” through automated mathematics when all three algorithms are lined up.
Machine Learning algorithms take in large amounts of data and make predictions, which in this case is where the price will be in the future.
Regime-Switching algorithms tell traders which state the market is in; from a futures trading perspective, is the market trending or in mean reversion?
An HFT Indicator algorithm will read the volume associated with each trade as well as the speed that they are placed. HFT trading firms make up a very large share of the daily trading, so this is a must.
While all of these algorithms are independently reading the bar chart’s information, the overall CARNAC system is also “reading the tape” in real time.
Dan is also now beginning to “unbox” the three different algorithms, and make them available as individual overlay indicators for your charts. The HFT Indicator is now available by itself on Sierra Charts - click here for more information!
Well over 10 years of advancements and thousands of hours have gone into the development of CARNAC Technologies. These algorithms are truly unique, and the software is available at no other firm; they were developed and designed by Dan O’Brien and are only at Target Trading Academy.
