DislikedSorry its just always rubbed me the wrong way - people posting account statements demo or whatever who caresIgnored
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
DislikedSorry its just always rubbed me the wrong way - people posting account statements demo or whatever who caresIgnored
Dislikedwhy are you in here ruining skfxs thread he started a thread to provoke ppl into thinking for themselves. obviously the ppl who cant think for themselves are the ones in here dribbling all kinds of manure. nice way to ruin a good thread
regards damienIgnored
DislikedThat's for sure!
Agreed, there are many possible ways to approach analysis, both KISS and otherwise. Sorry if I gave the impression that correlated markets was the only one. It's just that for me currently, it's becoming another piece of the puzzle that's gaining in significance.
I also agree that complex methods can become difficult to implement, in the sense that one can easily see several reasons to buy, and several reasons to sell, at the same time. I've been there many times, LOL. That's why, at least for me, it's important to have a fairly...Ignored
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Who knows what "order flow" is supposed to really be anyway. It seems like there's 1 or more variation per person here. But hey! As long as it works aye? The principle behind it is still the same - getting in ahead of the liquidity flush down.
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DislikedTo trade orderflow, you make your trading decisions based off of orders you see in the market, not price charts....Ignored
DislikedScotty,
While I know you probably know a lot more about this than I do, I would argue that your definition is too narrow, and probably specific to your particular brand or method. I believe the basic idea of OF trading is simply anticipating order flow. Whether you can actually see the orders or have some other way of knowing where they are (or where they'll come in) doesn't matter, though it may affect your specific strategy. OF trading isn't value trading, though value trading may be OF trading. I don't believe identifying informed traders' behaviour...Ignored
DislikedAs every major player tries to hide his intentions I can't see how one can profit from "knowing the orders" without some inside information, like knowing that Deutsche Bank intents to sell X billion of currency Y till next Friday.
What Scotty wants is to profit by front-running but somehow he doesn't realise he is at the bottom of the food chain and the information that he needs (aka who, when and how much) will be rather used by those who are a few steps above him.Ignored
DislikedAs every major player tries to hide his intentions I can't see how one can profit from "knowing the orders" without some inside information, like knowing that Deutsche Bank intents to sell X billion of currency Y till next Friday.
What Scotty wants is to profit by front-running but somehow he doesn't realise he is at the bottom of the food chain and the information that he needs (aka who, when and how much) will be rather used by those who are a few steps above him.Ignored
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...when I use to trade with fibs I was basing my trade decisions off fibs. Yes, orderflow was the mechanism that moved price, but I made my trade decision with a fib, which has nothing to do with what is really going on behind the scenes of the market.Ignored
Quoting Scotty BDislikedTo trade orderflow, you make your trading decisions based off of orders you see in the market, not price charts. It's much easier than you can imagine. What this does is, in a way, puts you in a virtual pit. You can begin to 'hear' what the other traders are doing. We are never parasitic as I once thought, but we are coat-tailers. Informed traders have very predictable trading behavior and their trades make prices more informative by pusing price back to value. Therefore, when we trade with them we push price back to value with them.
What do you think are the top 3 characteristics of informed traders? (Questions for you to answer personally) Once you have your criteria, go hunting .
Since I've stumbled accidentally upon what OF is, after stumbling in the dark for close to a year, I have a new perspective on TA. It's no different from what I've said in my Quest for Wisdom thread. Basically though, TA is a thought process that happens outside of a market. It provides one with enough data points to begin drawing fallacious conclusions about causation in price movement (illusionary thinking/erroneous pathology). I personally applaud those who can successfully employ statistical data mining techniques, but what they are basing their decisions on does not have much to do with trading, but with hidden patterns in all the numbers. Nothing wrong with that of course, but I like to get to the heart of the matter.
What separates TA and OF/Informed traders is the trading order. On the trading spectrum, the informed trade first, OF/algos trade after them, common TA traders then trade, and then the uninformed. Ironically the most informed trade with the least informed most of the time, while the semi informed traders (TA traders), trade somewhere in the middle. This is why the ignorant usually lose everything quickly, while the TA crowd endures mostly horizontal or worse equity curves.
Sorry, I know you were replying to Hanover, but we do need a definition around here for OF.Ignored