Orderflow Quotes

“The most useful order-flow signal is often not an unusually large number, but a mismatch between what traders expected the auction to do and what price actually did.”
― José Luis Rodríguez, Order Flow: Market Mechanics

“Large volume is evidence of activity, not automatically evidence of absorption.”
― José Luis Rodríguez, Order Flow: Market Mechanics

“A footprint tells you where transactions happened. It doesn't tell you who will win the next auction.”
― José Luis Rodríguez

“One of the biggest mistakes in Footprint analysis is treating every large volume print as absorption. High traded volume tells you that transactions occurred; it does not, by itself, tell you why price stopped.”
― José Luis Rodríguez

“Cumulative Delta is not a directional signal by itself. Its value comes from the relationship between aggressive execution, price location and the broader auction context.”
― José Luis Rodríguez

“A Footprint chart doesn't show liquidity sitting in the book. It shows executed transactions. Confusing the two can lead traders to interpret aggressive trading as evidence of resting liquidity.”
― José Luis Rodríguez, Order Flow: Market Mechanics