Free Trading Education & News
Explore free order flow and options guides, strategies and trading psychology from the HOC team.
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HOC Team
HOC Charts: live futures, order flow and 160+ indicators
HOC Charts is our charting platform inside the HOC Terminal. Live futures data, tick-based order flow and more than 160 indicators, all in your browser.
HOC Terminal

HOC Team
How to use a daily game plan
Every trading day in the HOC Terminal starts with a game plan. Here is how to read it and turn it into a plan for your own session.
HOC Terminal

HOC Team
The weekend review: 5 questions to answer every Saturday
Five questions to answer every Saturday. A short weekly review is the habit that separates improving traders from everyone else.
Education

HOC Team
The trade after a loss: how to stop revenge trading
The most dangerous trade of the day is often the one right after a loss. Here is how to stop revenge trading before it starts.
Psychology

HOC Team
A good trade can lose (and a bad trade can win)
Judging trades by their outcome is one of the fastest ways to ruin a good strategy. Here is how to separate decisions from results.
Psychology

HOC Team
Before you click buy: a 5-question checklist
Five quick questions that filter out most impulsive trades. Ask them every time before you enter.
Psychology

HOC Team
Count in R: position sizing that keeps you in the game
Measuring trades in R instead of dollars makes your results comparable and your risk consistent. It is the simplest way to size positions properly.
Education

HOC Team
The initial balance: the first hour's map of the day
The initial balance is the range of the first hour of the New York session. It is one of the simplest and most useful maps of the trading day.
Strategy

HOC Team
Liquidity sweeps: why price runs the highs first
Price often runs just past obvious highs and lows before turning. Here is why liquidity sweeps happen and how to tell a sweep from a real breakout.
Strategy

HOC Team
Trading the VAL: the value area low setup, step by step
A step-by-step look at one of the cleanest profile setups: price returning to the value area low and either holding or failing.
Strategy

HOC Team
Poor highs, single prints and exhaustion
Some highs and lows are left unfinished. Poor highs, single prints and excess tell you where the auction was clean and where it will likely come back.
Order Flow

HOC Team
Iceberg orders: the size you can't see
Iceberg orders show only a small part of their real size. Spotting them tells you where large players are quietly working an order.
Order Flow

HOC Team
Stacked imbalances, explained
Stacked imbalances show one side overwhelming the other at several prices in a row. They mark initiative, and they often become support or resistance later.
Order Flow

HOC Team
Absorption: when big orders stop the move
Absorption happens when heavy aggressive orders hit a level and price does not move. It is one of the clearest signs that a large passive player is defending a price.
Order Flow

HOC Team
Delta and cumulative delta, explained
Delta shows who is more aggressive in each bar. Cumulative delta shows how that pressure builds over the session. Divergences between price and delta are some of the most useful signals in order flow.
Order Flow

HOC Team
Footprint charts, explained: what's inside every candle
A footprint chart opens up each candle and shows the buying and selling at every price inside it. Here is how to read one.
Order Flow

HOC Team
Volume profile, explained: where the market actually traded
Volume profile shows how much traded at each price, not just when. It reveals where the market found value and where it moved through quickly.
Order Flow

HOC Team
OPEX week, explained
Episode 7, the finale. Monthly options expiration changes the behaviour of the market before and after the third Friday. Here is what to expect.
Options

HOC Team
Vanna and charm, explained
Episode 6. Vanna and charm explain why markets drift when nothing seems to happen. They tie dealer hedging to volatility and time.
Options

HOC Team
0DTE options, explained
Episode 5. Same-day options now make up a huge share of index volume. Here is how 0DTE flow shapes the intraday tape and what that means for futures traders.
Options

HOC Team
The expected move, explained
Episode 4. Options prices tell you how far the market expects to move. Learn how to read the expected move and use it to set realistic targets.
Options

HOC Team
Max pain, explained
Episode 3. Max pain is the strike where option holders lose the most at expiration. It is often misunderstood. Here is what it really measures and when it matters.
Options

HOC Team
Call walls and put walls, explained
Episode 2. Call walls and put walls are the strikes with the most dealer gamma. They often act like magnets and ceilings. Here is why, and how to trade them without getting run over.
Options

HOC Team
The gamma flip, explained
Episode 1 of our options series. The gamma flip is the price where dealer hedging switches from calming the market down to pushing it further. Here is how to find it and how to trade around it.
Options