$NVDA Order Flow - Explosive Move Called By The OFA Script
Hey traders,
This is another post that centers around the use of the OFA script.
So,
NVDA has gone ballistic with a 20% rise post-earnings.
As order flow traders, all we had to do was to let the OFA script show the way.
But how? By paying attention to the hidden signals, created through the constant formation of fractals...
Which subsequently tells us an accurate picture of realized order flow.
By adding the OFA script, you could have called the fresh buy-side expansion (circle) followed by the exhaustion (diamond).
If then you applied my prop entry signal, it would have yielded some extraordinary results.
Remember, when using the OFA script, it comes with highly accurate signals that, at its core, apply 2 main areas of study:
Magnitude: A major clue that will help determine the health of a trend is the type of progress by the dominant side in control of the trend. We need to ask the following question: Are the new legs in the active buy-sell side campaign as identified by the script increasing or decreasing in magnitude?
Velocity: When it comes to the distance the price moves, the magnitude is only ½ the equation. The other ½ has to do with the velocity of the move or the speed. Was the new leg created after a fast and impulsive move? Or did price make a new low or high with the movement being sluggish, compressive and taking too long to form? A good rule of thumb is to count the number of candles it took to achieve a new leg.
DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
This is another post that centers around the use of the OFA script.
So,
NVDA has gone ballistic with a 20% rise post-earnings.As order flow traders, all we had to do was to let the OFA script show the way.
But how? By paying attention to the hidden signals, created through the constant formation of fractals...
Which subsequently tells us an accurate picture of realized order flow.
By adding the OFA script, you could have called the fresh buy-side expansion (circle) followed by the exhaustion (diamond).
If then you applied my prop entry signal, it would have yielded some extraordinary results.
Remember, when using the OFA script, it comes with highly accurate signals that, at its core, apply 2 main areas of study:
Magnitude: A major clue that will help determine the health of a trend is the type of progress by the dominant side in control of the trend. We need to ask the following question: Are the new legs in the active buy-sell side campaign as identified by the script increasing or decreasing in magnitude?
Velocity: When it comes to the distance the price moves, the magnitude is only ½ the equation. The other ½ has to do with the velocity of the move or the speed. Was the new leg created after a fast and impulsive move? Or did price make a new low or high with the movement being sluggish, compressive and taking too long to form? A good rule of thumb is to count the number of candles it took to achieve a new leg.
DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
👉👉 Join The OFA Inner Circle:
📓📓Learn Order Flow like a PRO:
ofa-course.com
🧑🏫🧑🏫 Author of the #1 Order Flow Script:
tradingview.com/script/WhQSEfKT-OFA-Order-Flow-Analysis
📧📧 DM me if doubts (100% response rate)
📓📓Learn Order Flow like a PRO:
ofa-course.com
🧑🏫🧑🏫 Author of the #1 Order Flow Script:
tradingview.com/script/WhQSEfKT-OFA-Order-Flow-Analysis
📧📧 DM me if doubts (100% response rate)
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