The support forum is built with (1) General and FAQ forums for common trading queries received from aspiring and experienced traders, and (2) forums for course video topics. How to Trade Price Action and How to Trade Forex Price Action videos are consolidated into common forums.
Brooks Trading Course social media communities
Brooks Trading Course Learning Resources >>>
I've been studying AL's PA for the last few years and am now wondering if AL or anyone else has ever taken a serious look at trying to gain edge by adding Order Flow (Delta Volume, etc) and/or TPO or Volume Profiles or FootPrints? Order flow advocates say that PA is misleading and doesn't provide enough nuance leading to failed and late entries/exits. They claim that being able to see the order flow data provides earlier insight into reversals etc. However, I wonder if all the extra information is just unnecessary redundancy? Has anyone ever tried to combine these techniques?
You can do fine without the added mental overload that order flow brings but some do enjoy it, myself included. If you have reached consistent profitability, and well skilled in recognizing good setups, then adding anything else is not necessary. Just increase size.
But yes, I do find order flow helpful although you still need to apply probability to what you are interpreting. You may well see large iceberg orders holding the market, suggesting a reversal, but that reversal may still not happen for another 10 or more points down/up. So large accounts with wide practical stops still needed with current market conditions.
I recorded a video on topic when Al dismissed Time & Sales as no use, which is actually true. A key objective for this video was to show how market moves. Watch it here:
www.brookstradingcourse.com/guest-traders/order-flow-support-price-action-trading/
You bring up an excellent point in recognizing that more isn't necessarily better. Yes, watching how prices move can provide insight into directionality. Al brings this up in the books and most overlook it. "Watching every tick".
The graphics already provide insight into where higher volume areas exist simply by how they construct areas of S/R, overlap, etc. Areas of breakouts through supply/demand are already visible on the chart and simply take a little time to become familiar with.
Smaller isn't necessarily better either. Trading a 1 minute chart doesn't necessarily yield more than a 5 minute chart as variance and directionality are not the same concepts. The 5 minute graphic is an excellent place to begin.
Can some trade the 2 minute or 1 minute. Certainly. But it can be more difficult to separate the good bars and setups from the reset as mentioned in the variance vs directionality.
With the above, what Al has created is more then enough and contains the key core central concepts as well as a lot of sophistication. However, as Al would say, if something is useful to you and you are profitable - well that is enough. :).
The key in trading is to simplify as much as possible, because there is so much which one can become lost in which wouldn't necessarily provide additional edge. Occam's Razor can weed out the insufficient. . .
The most useful aspects which I have seen are already in BTC but it does take practice.
Good trades to you!
