Being a trader is lonely, but being a great trader is lonelier still
- Joined Aug 2012 | Status: Trends, Levels, Confirmation, Bayes | 1,834 Posts
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What is order flow trading? 93 replies
Supply demand trading and order flow 46 replies
How to flow with the order flow? 26 replies
Domino's Price and order flow trading 1,400 replies
Order Flow Trading with ICCE Channels 3 replies
Disliked{quote} Yes I get where you are coming from but I haven't really figured out a good method to trade higher time frames (H4 and above) yet though - still learning and experimenting - so I can't really comment on whether this will work...Ignored
Disliked{quote} Learn VSA man, it will give you an edge. Or better yet learn wyckoff, a lot harder but a more complete picture.Ignored
Disliked{quote} I think most of the methods out there are all related in some way or another. It's always good to know more but I think ultimately these things don't help make you make the good trades... Thing about trading the daily charts is that the results can take a long time to present itself, especially when trading with a huge R:R ratio (1:10) like mine (I have just taken a string of 13 losses for a 13% loss over the last 2 months); so it's too early to say what works and what doesn't, I'd give it a year at least.. I don't believe in backtesting...Ignored
DislikedPlease let me offer this. Several years ago, when I traded futures, I participated in a demonstration offered by a futures broker. The broker's purpose was, of course, to get more clients, but the demonstration showed how a professional trader uses their trading platform—understand that this trader was a former S&P floor trader who became an off-floor trader trading the e-Mini S&P. He had been trading 15+ years, and he was not a retail trader. The demonstrations were one hour long, and were offered every trading day for one month. Each session included...Ignored
Dislikedroundturn, I just want to say something you are one of fhe few like me who rarely talk in forum. You joined in 2007 and have only 2 post... But by now you should at least trading well in forex. Thank you for sharing your experience. I know it must be hard trying not to talk at all since 2007 while absorbing/filtering all the knowledge these past year. I would like to comment about the way the trader play. The trader STILL use indicator so that mean that it must help him filter something. And secondly some people have lot of experience so when they...Ignored
DislikedI trade the order flow for 8 years. Unfortunately it is much difficult these days probably because of the HFT's and lower volatility. To trade the order flow you need to know very well how the market operates and what is the motivation of the largest market participants. They just want to make money and that's why the order flow goes in the direction with least resistance. Of course it may go first in the opposite direction if they need liquidity. I used the following strategies during the years: - test of support/resistance levels (options barriers)...Ignored
DislikedPlease let me offer this. Several years ago, when I traded futures, I participated in a demonstration offered by a futures broker. The broker's purpose was, of course, to get more clients, but the demonstration showed how a professional trader uses their trading platform—understand that this trader was a former S&P floor trader who became an off-floor trader trading the e-Mini S&P. He had been trading 15+ years, and he was not a retail trader. The demonstrations were one hour long, and were offered every trading day for one month. Each session included...Ignored
Disliked{quote} Thanks lot man, what you said there made some sense, and I have noticed that the market does seem to follow the path of least resistance more often than not. i will review your post some more tomorrow and see if I can use any of the information in your post in my strategy.Ignored
Disliked{quote} This is just the basics. The trick is to know well the market and update your strategy when the trading conditions change. For example, the 3rd type of strategies could be traded only via options now.Ignored
Disliked{quote} I have already accounted for that. And my trades average about one or two instant the most. Meaning on a 1 hour time frame, a trade might last about 2 hours the most, after that the flow dries up most times to not worth being in the trade, I might monitor it sometimes, but it's tiring so I just cut them now. What you describe there is real market info that I had to deal with, so I know you at least been trading flow. On an 30 minute chart I have averaged that good market movement only last for about an hour and a half, but it's an on going...Ignored
DislikedNot sure if this will be of much relevance since I don't trade spot fx anymore, but... I trade FGBL (bund futures) and my method is definitely based on "order flow". I use Market Delta's footprint as my main tool for reading the flow (it's basically a "chart" but at each price point it shows the orders which hit the bid vs the orders that lifted the offer). This allows me to see the impact of orders on the market - for example, if lots of orders have hit the bid at some price without breaking through. Kind of a historical time & sales in chart form....Ignored
Disliked{quote}Some get there orders information before it affects the market. I on the other hand have to wait for it to hit the market before I can jump onto it.Ignored
Disliked{quote} Absolutely nothing wrong with that and in fact it keeps you away from 'attempting' to predict. Its all about anticipating and then reacting to expected outcomes. In fact if your making decisions based on orders entering the market (as opposed to interpreting limit orders etc..) then maybe building a 'pseudo' cumulative delta indi across all your currencies may help you. Just some thoughts...Ignored