i pull the trigger when others are fearful---me
- Joined Feb 2006 | Status: Blah blah blah | 1,410 Posts
The breaking of a wave cannot explain the whole sea.
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 don't know if this has been posted yet...
http://arxiv.org/abs/1003.2981Ignored
DislikedInteresting. That is one of things I have on my TODO list for looking at Time Sales and Level II data. Try and figure out Market orders, when an order is moved and when an order is canceled. I believe it will give a better clue into the motives of the traders in the market.Ignored
DislikedKeep studying man..I'm doing the same thing. The one common link that connects these orderflow guys is a strong understanding for market microstructure. They know all the little intricacies that a lot of us dismiss as un-important. Obviously we have some learning to do. Gaston said once, that all the information we need is out there, we just need to dig for it a little. I ordered a book that both Gaston and Darkstar both mention, it's called "market microstructure for practitioners" by a guy named Larry Harris. It was a cool 50 bucks, but totally...Ignored
DislikedA thought on this: People often try to identify where S/R is and place their orders there as if they are betting price will or will not pass the S/R. Thats almost a 50/50 game of chance. I dont think thats how S/R should be thought of. Rather i think it could be smarter to enter once you are certain price has past that S/R area or been rejected by it, like skfx showed in one of his charts, this one:Ignored
DislikedOh boy, I'm really putting my foot in it today, that comment wasn't directed at you or anyone specific really
.....but now you come to mention it, what is the reason?
Great sport analogies by the way, I loved the F1 speed-watcher one, brilliant!Ignored
DislikedIt's easy after the fact to see which way to have traded a S/R. That was a 4hour chart and the move before the fake break was a successful bounce. Then if one had traded the breakout, they'd have lost. How many pips past S/R did it go, 50? Where is the point that we know if it's going to be a bounce or breakout? It's so subjective. No-Brainer Trades is a great thread for S/R trading.Ignored
DislikedYes the pip distance would be one thing to look at, and perhaps also engulfing, perhaps also how fast its doing that meaning it might be an idea to look at say maybe M5 or so. Thats just a guess. And i agree its so subjective, if it was not all prices would be fixed forever.Ignored
DislikedAlmost do not follow FF anymore. But wanted to make a rare contribute in tribute to SKFX who started this thread and got me thinking about orderflow.
I'd say, it's a mindset. It's looking at the chart, and thinking about where big money players would most likely begin to place their orders. That's how you get in at the tip of the pinbar or often times even, the high/low of the day.
Also, what situation would force a whole buncha people to NEED liquidity SO badly that they all scramble to hit the market? That's when you see those ridiculously...Ignored
QuoteDislikedIt's a damn useful tool in the box that augments all the other tools. No holy grail here.
DislikedOne of those posts that make me smile and realize "somebody out there gets it".
You are spot on especially about orderflow being a way of thinking about the market instead of a trading method (which is what most think). It's a mindset game. Sort of like poker in that sense, I guess, though this is a bigger and more complicated environment.
Needless to say, I can confirm this as well:Ignored
DislikedOne of those posts that make me smile and realize "somebody out there gets it".
You are spot on especially about orderflow being a way of thinking about the market instead of a trading method (which is what most think). It's a mindset game. Sort of like poker in that sense, I guess, though this is a bigger and more complicated environment.
Needless to say, I can confirm this as well:Ignored
DislikedFor all the order flow practitioners in this thread - random question: how did YOU discover order flow trading? Just stumbling upon it by blind luck, or did you have a mentor?
Excluding people who learned it from order flow threads on this forum, obviously.
ThanksIgnored
DislikedI would answer you, but it looks like you've excluded me from the people group whom you'd like answers from.Ignored
Dislikedand continue to shroud "the holy grail of orderflow method!" with voodoo.Ignored
DislikedHaha, feel free to answer. I was just wondering how some people discovered OF in the first place since the info seems to be all over the place and hard to understand (maybe its just me)Ignored
DislikedFor all the order flow practitioners in this thread - random question: how did YOU discover order flow trading? Just stumbling upon it by blind luck, or did you have a mentor?
Excluding people who learned it from order flow threads on this forum, obviously.
ThanksIgnored