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Vidas - Orderflow 1 reply
DislikedSo this is when 'market whispers' and interpretation of fundamentals comes into play for a much wider picture than the immediate view (unless you are stop hunting also).Ignored
DislikedI think I know what your getting at here... can I ask what resources you use to trade then? It must be some sort of level 2 orderbook data yes? Where do you source this information from?Ignored
DislikedIt's your job to find out:
Why are they trading?
How are they trading?and;
Where are they doing business?
How can i capitalize on the answers i found to the questions above?
DislikedWell, he did say:
So we are looking outside the box to find out who is trading and why. I guess once the 'Hand has been tipped' then price only moves in one direction because it has no choice.Ignored
DislikedWe can't see any, we can only speculate as to where the herd have put them, and then speculate as to what players might do in order to exploit the herd, that's what we're trying to tap in to.
Simple example.....price is at a double top (or whatever) at 1.3980, with a market bias for price to fall. The herd sell at 1.3980 and have a stop at say 1.4015. Sounds like a reasonable bet? Sure.
The strategic players with the ability to move the market short term would also like to sell, but obviously at the best price they can get. They buy,...Ignored
DislikedMan I just asked what products he uses, if hes not using a chart hes using something else, this isnt rocket science. I didnt even ask how hes uses the product. And I didnt ask you.Ignored
DislikedI just asked what products he uses, if hes not using a chart hes using something elseIgnored
DislikedI thought we're talking about spot?Ignored
DislikedIn a round about way we are talking about spot. But where do you think our brokers get their quotes that they feed to us?Ignored
Dislikeddon't worry porkpie,some just won't get it.even if you fed it to them lol
there is someone out there making WAAAAY to much and it needs to be shared around.greedy bastards,no need for that.
i read somewhere,i think bemac maybe,20% of the worlds population posses 80% of the capital.should we not even things out,no?
DislikedThis is not my understanding of price action, order books are driven from limit orders resting in the market. The iceberg effect discribes the way in which large orders are shifted into the market at the same price level, ie. the order is being broken into chunks. This is where most of us lack the proper knowledge of the market, the real money doesnt chase price around, they have their price levels where the have to execute their orders. I read in a study that two thirds of orders executed in the FX market are limit orders. Noice traders have missed...Ignored
DislikedThere is a great read by a trader called 'deeman' over on another board that really describes how stock specialists work orders for big customers. The dynamics of the stock market are a bit different than FX, but it goes a long way to show why ranges form, why price after a breakout will retrace into the old range before continuing the trend or actually reforming the range.
DislikedI believe that our market belief system is our trading methodology. I just don't believe that money that can move the market in such a way as described in that euro chart can be continuously targeted and used to fund the accounts of the big boys. Sorry. The amount of capital required to move the market is phenomenal, if the capital was moving the market it would soon dry up when their accounts were run dry. It just doesnt make sense that this would happen. So as holy grail and secretive as some are making this out to be, I say you need to check...Ignored
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