Based on the specific title and author you provided, this appears to refer to the trading methodology taught by Daemon Goldsmith (often associated with the Shepherds Hill Academy or similar proprietary trading education circles). This methodology is a distinct branch of Order Flow Trading that moves away from standard technical analysis (chart patterns, RSI, moving averages) and focuses strictly on the micro-structure of the market.
Part 3: Core Tools of the Order Flow Trader
To practice this craft, you need three main instruments:
A. Absorption (The Trap)
This is a setup where price tries to move but is rejected—not because of a lack of trying, but because a large player is absorbing the orders.
If you’re looking for a generic write‑up on order flow trading inspired by that title, just let me know and I’ll draft one for you from scratch based on standard order flow principles.
Daemon Goldsmith: Order Flow Trading for Fun and Profit
Transmuting the raw metal of market orders into trading gold
Conclusion
For Fun and Profit
- Profit: The primary goal of most traders is to make a profit. Order flow trading can offer insights that traditional technical analysis might miss, potentially leading to more informed trading decisions and, consequently, profit.
- Fun: While the profitability aspect is crucial, the enjoyment or "fun" aspect likely comes from the challenge of mastering a complex trading strategy, understanding market dynamics, and continuously adapting to changing market conditions.
Actionable Strategies (high-level rules)
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Part 2: The Core Thesis – Why "Order Flow" Beats "Price Action"
Most retail traders use lagging indicators (RSI, MACD, Moving Averages). They are looking at the wake of the ship.
