DislikedYes, but fx is special. If you're holding dollars on the sidelines, you're long dollars, no way around it...
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Vidas - Orderflow 1 reply
Sure, support becomes resistance, visa versa, double/treble tops/bottoms, confluence etc etc etc.....not being funny but this is all stuff we've known about and traded for decades, what's any different this time round?Ignored
DislikedAs the man said..'everyone gets what they want from the market' or something like that.Ignored
DislikedOk, real quick before I really do leave.
Pull up a Eur/Usd H1 chart.
We can all agree that smart money moved price from 1.42 to 1.43 right?
Now, does it look like they unloaded that position at the end of the day Friday?
If not, do we think they will today? If they do, when will this happen? If they don't, what will price do?
None of this is trading advice, just some questions you might want to ask yourself...these are the questions I'm asking myself...I'm not going to pretend I know the answers, but I may have some idea based on previous...Ignored
DislikedPrevious price action demand/sell levels will give you clues as to the strength of an area when price returns. If there was a strong down move from a supply area then when price returns it is likely to be...Ignored
DislikedIn reality, the buyers we are referring to were the original sellers that got this downward movement started in the first place…if smart money is selling, we have a lack of buying, which is ultimately why price moved down (we have to entice buyers with a cheaper price, just as anything in the 'real economy'). Once it did, these original sellers are now buyers, where they take profit and position themselves for the next movement with buy orders…Ignored
DislikedSorry, but this is all mumbo guess-work. Who's to say there wasnt jus average size bids sitting sub 1.42 and lack of sellers caused price to rally, you dont know if there was 'smart money' there. And even so, they could have unloaded the whole position if there was a random buyer big enough sitting around on the way past 1.43.Ignored
DislikedPrevious price action demand/sell levels will give you clues as to the strength of an area when price returns. If there was a strong down move from a supply area then when price returns it is likely to be a high probability trade for a sell. If the price stepped down the strength is not as strong so it might best be to avoid selling at this level or at least wait for price to enter the zone and sell on a pull back out of the zone. It is very difficult to pinpoint the actual sell area and its best to use zones based on previous price action. Sometimes...Ignored
DislikedAs I understand it, a major order may have to be filled in stages due to the need to keep a level of secrecy or simply due to the available orders resting in the market.Ignored
DislikedI guess this time around you know why these things act the way they do...maybe you knew all along...most don't...but don't forget the Who, Why, and When.Ignored
DislikedIn trying to pick up on all the info posted here by the OP and other 'proper' traders, I'd like to ask a question from a bog-standard retail trader's point of view, if I may. Having read stuff from other sources and trying to come to terms with the OP's cryptic clues about getting in ahead of the herd the question I have is this.
As I understand it, a major order may have to be filled in stages due to the need to keep a level of secrecy or simply due to the available orders resting in the market. I have understood this to imply that major players...Ignored
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