Daemon Goldsmith - Order Flow Trading For Fun And Profit.pdf Review
In footprint charts: a price level with extremely high traded volume (POC – point of control) but very little price movement. That level is fair value. Expect price to return to it after a deviation.
Goldsmith emphasizes that reading Order Flow is like reading a poker table.
Price approaches a level with large sell limits. Instead of breaking down, the tape shows repeated large market buys eating those sells—but price barely moves. Someone is accumulating. Enter long after the absorption ends and price ticks up. daemon goldsmith - order flow trading for fun and profit.pdf
To practice "Daemon Goldsmith" trading, you need specific tools. A regular chart on TradingView won't cut it. You need Level 2 data, Time & Sales (Tape), and a Depth of Market (DOM).
Here is the toolkit you would find recommended in the first chapter of the lost PDF: In footprint charts: a price level with extremely
| Tool | Function | Why the Daemon Hates It | | :--- | :--- | :--- | | Cumulative Delta | Tracks the difference between market buys and sells over time. | It reveals if the daemon's hidden selling is actually driving price. | | Footprint Charts | Shows volume traded at every price level (not just open/high/low/close). | Exposes absorption and exhaustion. | | Volume Profile | Shows where the goldsmiths left their bags (High Volume Nodes). | Tells you where price will revert to. | | DOM (Depth of Market) | Live view of all limit orders waiting. | Shows the spoof walls before they vanish. |
Warning: Looking at DOM is noisy. It is like hearing every conversation in a stadium. The "Daemon Goldsmith" philosophy is about filtering the noise to find the one order that is lying. The Setup: The market opens
The Setup: The market opens. Price drops 0.5% rapidly. Everyone thinks it is a crash.
The Daemon Logic: The Goldsmith needs to buy a massive position. They let the price fall to scare retail into selling. They buy every share.
Your Execution:
Price makes a higher high, but cumulative delta (total buying – selling) makes a lower high. That is weak new high. Short with a tight stop above the divergence bar.