Friday’s OrderFlow

On Friday we had a classic neutral extreme day with a close at the other extreme.

 

A neutral day is characterized by a range extension on both sides of the IB or initial balance. Once you identify that, the only question for the rest of the day is whether it will close in the center or at the extreme and both the stated objectives carry an over 90% chance of happening.

 

If you see a neutral day you should always trade the last 30 minutes with a reference line at the IB range extension point ( IB high or Low)

 

Nfof 9 Friday'S Orderflow

 

Bnof 8 Friday'S Orderflow

 

From a Market profile perspective, it was easy to trade the Nifty on friday with a gap down not finding new sellers below IB.

 

The immediate though would have been to place swing shorts at either the day high or the previous day 's lows.

 

As mentioned in the chart, the ability to stay above vwap/ dpoc, cross IB high, then PDL and then VAL made it easy to spot long trades.

 

The OF signals could have been easily traded with that line of thought.