Thanks for the exchange of ideas today, guys!
The forum's been having a real dry spell lately - unless you count the astrology thread -
The forum's been having a real dry spell lately - unless you count the astrology thread -
How to Use Orderflow in Forex - Any Ideas? 9 replies
Question about OrderFlow or OrderPosting via Broker or LiqProv 1 reply
Collection of posts/threads from orderflow traders 0 replies
Using future orderflow, to predict spot prices 16 replies
Vidas - Orderflow 1 reply
DislikedI believe Porkpie means "orders sitting at those levels" when he says "stacked orders".
Actually, I like the "stacked orders" metaphor very much. There is a guy called Sam Seiden who has several online seminars and therein he talks about this stuff (google him, they are worth a look). He started as a floor trader somewhere before everything was computerized, and he always mentions how he could literally see orderflow by looking at his desk and noticing at which prices level the thickest stacks of pending order slips were sitting... that was...Ignored
DislikedIf those stacks of tickets were all stop orders then I'd be pretty excited, but it sounds to me like good old limit orders. The problem is that limit orders don't move price, but they do allow it to move. I've become a full blooded momentum trader, but if I was more contrarian I might care about limits more. If for example I knew that there was some level full of limit sells, I might take that as a place of value and maybe I should consider selling off of it..Thats just boring to me though, because the only way price is going to move down off of...Ignored
DislikedThe funny thing about this thread is that there is a huge gap between theory and practice. There is really next to nothing in this thread that will help you in filling it. I don't mean to be disrespectful, but even SKs charts are somewhat illogical in the context of trading orderflow.
You can't see anything but price on a price chart. I think thats why they are called price charts.Ignored
DislikedYou're correct my friend. My studies on the subject of order flow have taken me far and wide. I've been at this a long time and I feel like my education has finally started to round out. The book mentioned several times in this thread (Larry Harris "Trading and Exchanges") is just a starting point and a boorsomely basic one at that. Allow me to sum up the most important part of it: "the only traders who make consistent $$$ are the ones with superior information - typically information about value (fundamental...Ignored
DislikedThe most valuable commodity I know of is information, wouldn't you agree???
Gordon GekkoIgnored
DislikedLOL, and then it happens. Low liquidity, slow market, 25pip run up to take out the stops behind 1.44 on Euro. Happened sooner than I thought...but still. What next? Nothing. The move is done, and Tokyo open is about to start, different ball game.Ignored
DislikedIs anybody still on this wild goose chase? I have to say im pretty disappointed. I thought i'd find some solid info on order flow here, but this thread looks like witchcraft to me.Ignored
DislikedIs anybody still on this wild goose chase? I have to say im pretty disappointed. I thought i'd find some solid info on order flow here, but this thread looks like witchcraft to me.Ignored