Academy · free
Learn order flow trading from zero
The complete course, free to read here: from what a market is, through futures and XAUUSD, volume and delta, VWAP, volume profile, auction market theory, footprint charts and the order book, to putting it all together on gold and testing ideas honestly. Every example uses real COMEX gold futures data, with XAUUSD equivalents.
Part I · Foundations
0Trading from Zero: Markets, Gold, CFDs and FuturesWe start from nothing. You will learn what a market and a price really are, what it means to buy and sell, how traders can profit (or lose) from a falling price as easily as from a rising…1The Gold Futures Contract and the Trading DayLearn exactly what a futures contract is and who stands on the other side of your trade; how margin, leverage and daily mark-to-market move money in and out of a futures account; the two…2Why Volume? Price Is the ResultLearn what volume-based trading adds to ordinary price-chart trading, and what it does not add. We follow the chain from decisions to orders to trades to price; see why moving averages, RSI…Part II · The Tools of Volume
3Volume and DeltaLearn how the raw stream of gold trades is turned into the numbers that order-flow traders read: how each trade gets labelled a "buy" or a "sell" (and where that label can be wrong), how to…4VWAPLearn what the Volume-Weighted Average Price (VWAP) actually measures, why it began life as a yardstick for how well big institutions execute their orders, and how to calculate it by hand…5Volume Profile I: Building and Reading a ProfileLearn to turn the volume bars at the bottom of a chart sideways and read volume at price instead of volume over time. You will find the Point of Control (POC), build the 70% Value Area by…6Volume Profile II: Shapes, Yesterday's Map and Value MigrationIn Chapter 5 you learned how a volume profile is built and how to find its point of control (POC), value area (VAH and VAL), and high- and low-volume nodes. This chapter teaches you to read…Part III · The Auction
7Auction Market TheoryAuction Market Theory (AMT) is the framework that ties your volume measurements together into one picture of what the market is doing. You will learn why markets exist, how to tell balance…Part IV · Inside the Bar
8Footprint Charts: Inside the BarYou will open up a single candle and look at every trade inside it. You will learn what a footprint chart is built from, how to read one cell ("bid × ask"), how to calculate row delta and…9Footprint Patterns, HonestlyYou will meet the best-known footprint patterns — exhaustion, finished and unfinished auctions, absorption, effort versus result, trapped traders, delta-POC shift and CVD divergence — and…Part V · The Order Book
10Liquidity, the Order Book and the TapeWe go one layer beneath candles and footprints, into the machinery that produces every print: the order book of waiting orders, the queue that decides who is filled first, and the tape that…Part VI · Practice
11Putting It Together on GoldYou will turn the separate tools of the previous chapters (VWAP, volume profile, auction theory, delta, footprint, the order book and the tape) into one repeatable decision process…12Honest Research: Testing Ideas Without Fooling YourselfLearn to judge any claim that "this strategy works", including your own claims and ours, using the standards of honest research. We cover the classic ways a backtest lies (look-ahead bias…Reference
RGlossary, Pre-Session Checklist, GC→XAUUSD Conversion and Contract Cheat SheetA glossary of every important term in the book, from A to Z, with a pointer to the chapter where it is explained in full. A one-page pre-session checklist you can print and use before every…