Hi,
I've been trading using an Order Flow approach for quite a while now and it has really improved my trading. I was introduced to this topic by Darkstar's book "Order Flow Trading for Fun and Profit" and it gave me a good basic knowledge about OFT. As all OFT threads are dead, for whatever reason, I'd like to start a new discussion about it. Discuss anything OFT related from microstructure theory to application of OF in the markets.
I'd like to start with discussing stop hunting. So we all know that stops are popular targets for the smart money and big players. Once we know where the stops are...we have to get the right direction and take profit where the stops are. I think OFT is awesome because we're basically exploiting the predictable behavior of other traders (TA suckers, etc.) and profit from it!
OK, share your experiences!
I've been trading using an Order Flow approach for quite a while now and it has really improved my trading. I was introduced to this topic by Darkstar's book "Order Flow Trading for Fun and Profit" and it gave me a good basic knowledge about OFT. As all OFT threads are dead, for whatever reason, I'd like to start a new discussion about it. Discuss anything OFT related from microstructure theory to application of OF in the markets.
I'd like to start with discussing stop hunting. So we all know that stops are popular targets for the smart money and big players. Once we know where the stops are...we have to get the right direction and take profit where the stops are. I think OFT is awesome because we're basically exploiting the predictable behavior of other traders (TA suckers, etc.) and profit from it!
OK, share your experiences!