Are you looking for a FlowTrade review? The Bullish Bears were FAST to hop on this tool and adopt it before the rest of the world found out about how great it was. You could say it’s the best thing since sliced bread. It doesn’t matter if you are trading large caps or potstocks. This tool gets it done.
Why? Because it shows you what the algos are doing in real-time. It’s not a lagging indicator; it’s a LEADING INDICATOR! Some would call it a crystal ball. We tend to refer to it as “the secret sauce.”
However, it’s affectionately known as the flow algo index within the FT community.
Why should you use FlowTrade? Well, for one, have you ever wondered why the bear flag failed? Or didn’t that head and shoulders pattern break down? Read on to learn how to avoid getting trapped in patterns that don’t follow through!
Here, we see a great short trade setup from a block trade with the flow index showing hard selling at the open 10-13-2020. This is what we call a confirmation trade. In the left-hand corner, note the block trade level 10-8-2020 price of 438.57. We had a confirmed long trade because the algo index was pointing up.
Table of Contents
FlowTrade Review Introduction
FlowTrade has some unique abilities. Two main reasons:
- Flow Algo Index. This might be the best day trading indicator in existence. This proprietary indicator shows up as a line on your charts. This line shows you what “smart money” is doing in real time. Smart money is a high-frequency trading computer. The “algos” are controlled by hedge funds, large institutional money, and investment banks. The million- and billion-dollar forces are in control of the market. These funds and their trading activity comprise 80% of the stock market.
- Dark Pools & Block Trades. The FlowTrade platform tracks both of these types of trades in real time. These heavy-duty trades happen in a nanosecond and fill a large order to purchase shares. Block trades are recorded in real-time, and many platforms cost money to track them. However, no other platforms plot then block trade on your chart with a date and time stamp as a horizontal line. Dark Pools have 24 hours to record their activity on the exchanges. So, you will often see a DP print on your FlowTrade chart with a different date or time. You know a secret zone of support or resistance is being exposed when it shows up. Previous Dark Pool prints and block trades should be seen as support and resistance on the chart.
FlowTrade Setups Review
Here, we have a divergence setup on $BA – Note how the algo index was declining. Traders look for short pops into horizontal resistance zones and short entries on bear flag breakdowns of previous supports.
On this image of $INTU, notice the algo line was continuously rising. Price was trading/dropping, but the “smart money” continued to buy, pushing the price past previous highs. The trade is CONFIDENT because we can see the algo flow going into the ascending triangle breakout!
Here, we see a solid confirmation play on Flowtrade with $NVDA. The algo line continued to buy and even pushed strongly above price and flowed toward the algo. These plays are great when looking for daily breakouts or general momentum trades.
On this slide, we see a divergence setup. The algos bought as the price dropped. Eventually, a daily support level held, and price “chased” the algo line, which was leading it. It’s so important to know price action when using FlowTrade. You must have the trading skills to use this tool; you cannot buy just because the algo line is heading up. There is much more to it than that. Big money can hold and remain solvent much longer than the average retail trader. So, study your candlestick charts carefully before you use this tool.
Here, we see a nice short trade-off of resistance with Algos selling hard. The algos continued selling for a great trade. The trade was confirmed with a bearish wedge breakdown below the block/dark pool levels.
COURSE | |||
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DESCRIPTION | Learn how to read penny stock charts, premarket preparation, target buy and sell zones, scan for stocks to trade, and get ready for live day trading action | Learn how to buy and sell options, assignment options, implement vertical spreads, and the most popular strategies, and prepare for live options trading | How to read futures charts, margin requirements, learn the COT report, indicators, and the most popular trading strategies, and prepare for live futures trading |
INCLUDED | Daily watch lists • Trade rooms • Trading scanners • Discord • Live streaming Day Trading > | Daily watch lists • Trade rooms • Options scanners • Discord • Live streaming Options > | Futures target levels • Trade rooms • Real time teaching • Discord • Live streaming Futures > |
FlowTrade Stock Price and Symbol: Are They Publicly Traded?
Investors cannot purchase shares of FlowTrade because the company is privately held.
How to Use FlowTrade
So, by now, you’re probably beginning to understand the different ways to use FlowTrade effectively. The charts on FT give you insight into what is happening behind the scenes.
Knowing what big money is doing, when they are doing it, is the number one confidence booster. However, before you trade, you should refer to this trade chart and confirm the following before you make a trade:
FlowTrade Trade Guide Before You Place a Trade
FlowTrade Block Trades Review
Did you know you can scan for block trades and dark pool prints with FlowTrade?
One of my favorite features is opening a tab in my browser and monitoring the block or dark pool prints in real time. As we know, big money rules price action. They place HUGE orders that most traders miss. Well, you won’t miss any big orders on your favorite or all stocks, depending on whether you choose to use their filter. Check out the dark pool trades placed today, for example:
In the image above I have filtered it to show only dark pool prints as these are where the sneakiest types of trades are placed away from retail traders eyes. I specifically trade around these levels. If you want to know if the trade you are in is truly bullish or bearish, look to this software for direction.