“Do not sell morning weakness in the strong uptrend” – old Sumer prov
- Joined Nov 2007 | Status: Conscious Incompetence | 3,274 Posts
Don't wish it were easier, wish you were better. ~ Jim Rohn
How to flow with the order flow? 26 replies
Cluster Average doesn't update on chart 0 replies
Mental stops vs hard stops 1 reply
365 Trade: Finding the Flow 11 replies
I am looking for EA to put Buy Stops, Buy limits, Sell limits, and Sell Stops. I will 0 replies
DislikedHi Pips Cruiser,
Thanks for the mention regarding the, "Core Principles Regarding How Changes in Order Flow Affect Changes in Price".
I am Carl Weiss and wrote those original principles.Ignored
Quoting CarnegieDislikedThe last piece of puzzle now sits on what the other phenomena is.Ignored
Quoting A-technical-analystDislikedThe best place to put your stop is right behind the last s/rIgnored
Quoting An-orderflow-analystDislikedThe best place to fade some stops is right behind the last s/rIgnored
Quoting CarnegieDislikedDoes stop-hunting only occur at round numbers and over/belowIgnored
Quoting DarkstarDislikedOrderflow trading in a nutshell:
1)Find the stops and fade them.
2)Find the barrier options and push into them.
3)Find pockets with a lack of open interest and gap them.
4)Find a sequence of stops spaced 10-25 pips apart and prepare to put your kids through college.
Ignored
Dislikedyou can probably place an order on either side of a round number randomly in either direction and grab 10-20 pips if you wanted to trade that way. There are always going to be orders above and below those areas (don't want to say always like 100% always, but 'almost' always).
So are Order Flow traders mostly scalpers? I kind of get that impression... Nothing wrong with that, just curious.Ignored
DislikedI know the thread title is about cluster of stops on chart. And yes charts can be helpful to locate the support/resistance and possible stop locations,etc. But in the end it is all about order, and what will generate order flow.
This thread has far too many charts posted in my opinion. Sometimes they can get in the way of taking your trading to the next level, as you can be grappling with learning the new order flow mentality, but that old technical analysis/chart mentality can be dead weight on your shoulders. And as such many people keep going...Ignored
Dislikedyou can probably place an order on either side of a round number randomly in either direction and grab 10-20 pips if you wanted to trade that way. There are always going to be orders above and below those areas (don't want to say always like 100% always, but 'almost' always).
So are Order Flow traders mostly scalpers? I kind of get that impression... Nothing wrong with that, just curious.Ignored
DislikedThis is all a complicated way of describing breakouts and price action. You can never know about pending orders because you will never have that information. All you have is past price and a derivation of that, so that's all you have to go on.Ignored
DislikedHi Pips Cruiser,
Thanks for the mention regarding the, "Core Principles Regarding How Changes in Order Flow Affect Changes in Price".
I am Carl Weiss and wrote those original principles.
We surface the output of some of our order flow monitoring algorithms along with trade signals for free at http://algofutures.com/.
The insights that are surfaced, IMHO, are quite astounding...there are also some videos and other materials that shed some light with what goes on under the hood of electronic markets.
Everything is free...we're...Ignored
DislikedThere is no order book, or centralised volume information. So not sure what you have but I would guess unless you work for a central bank or a huge IB then you have nothing that is exploitable.Ignored
DislikedI'm also witnessing gold bubble mentality in my country. News reports on TV that people are changing euros to gold, don't use gold as collateral anymore at pawn shops, and small gold bullion (1g, 5g) is selling like hot cakes. Some of my coworkers, which know that I'm into finance, are asking me how to buy gold.
Currently I'm playing with historical gold prices, doing simulations and trying to find the safest way to bet against gold. My current plan is to try catching a few smaller moves (now -> 1250 for example), not the big one, which is riskier...Ignored
DislikedI don't know if that's accurate when it comes to peoples who own gold,it's quite contrary there are few people who own it at this moment.Where did you get that information from, haven't heard a word of it.Ignored
DislikedAnd why would you need centralized information? Have you ever heard about a sample, the very basis of statistics? :nerd:Ignored
DislikedNot sure a particular retail broker's volume is significant against over a trillion a day from the other participants. But if it works for you then go for it.Ignored