Order Block Trading: Using Tape Reconstructor
It's 7:45 AM on a volatile NQ futures trading day. The market has been choppy since the open, but your screen suddenly lights up with a clear order bloc...
It's 7:45 AM on a volatile NQ futures trading day. The market has been choppy since the open, but your screen suddenly lights up with a clear order block zone. You've been waiting for this setup all morning, and now you're ready to execute your trade before the market moves again. This isn't magic—it's the power of identifying institutional order blocks with the right tools. Order Block is a price area where significant institutional buying or selling activity occurred before a sharp price move. These zones often act as strong support or resistance when price returns to them. Tape Reconstructor is a tool that analyzes order flow data to reconstruct large institutional orders from fragmented trade data. It helps traders identify where large market players are positioning themselves. NQ Futures are E-mini Nasdaq-100 futures contracts that provide a cost-efficient way to trade the Nasdaq-100 index. They offer high liquidity and tight bid-ask spreads compared to ETFs. Key fact: NQ futures offer $239B average daily volume compared to $11B for Apple, $8B for Meta, $5B for Google and $3B Netflix, according to CME Group.