some more on OI much of wich is already known
http://www.nasdaq.com/investing/forex-open-interest.stm
http://www.nasdaq.com/investing/forex-open-interest.stm
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
DislikedHey slim please see post #1. That's all it took for me, and if I can get IT so can you!
Good LuckIgnored
DislikedWell since I'm not one of the mystical kung-fu cryptic thread kinds of posters... I'll just blurt out exactly what I see on those charts. If the big important FF "insider super duper secret holders" want to send me PMs telling me not to give it away, I guess they'll have to pound sand.
All three charts show annotations which pertain to a single price bar. Each bar does the following:
1. It opens at or near an area of consolidation which is a previously tested area of S/R.
2. Price then moves away from the open (obviously)...Ignored
Dislikedwow a great thread..
"Am i good enough to adapt by increasing the SPEED at which i process orderflow?"
That's your edge once you 'understand'.It's the SPEED at which you PROCESS ORDERFLOW."
waiting for PA confirmation seems to directly contradict this speed criteria..
oi my head hurtsIgnored
DislikedWell since I'm not one of the mystical kung-fu cryptic thread kinds of posters... I'll just blurt out exactly what I see on those charts. If the big important FF "insider super duper secret holders" want to send me PMs telling me not to give it away, I guess they'll have to pound sand.
All three charts show annotations which pertain to a single price bar. Each bar does the following:
1. It opens at or near an area of consolidation which is a previously tested area of S/R.
2. Price then moves away from the open (obviously)...Ignored
DislikedProbably at this point, the best we can do (until we are privvy to either a major orderbook and/or other insider info) is just be aware that stop hunting is a possible outcome and take pipmutts suggestion of scaled in entries and wider stops (if you choose to use them).Ignored
DislikedPutting my head on the block here but not necessarily Bleek.
It all depends on your perspective.Ignored
Disliked...but that would imply you would always need to be right. We only have to look at the charts to see the market run away in minutes on occasion, a false move with no stop in those areas would make for serious hits!
I can just about understand having a disaster stop 50+ pips away from entry as a just in case, but I still like to place 'correct' stops appropriate to the trade.Ignored
DislikedOr how you manage being wrong? It depends on how close you are to the market IMO. Shorter term, yes, price can run away from you very quickly but longer term is a much slower and drawnout process which give you a greater opportunity to manage your drawdown more effectively and allow YOU to choose when you exit the trade and at what price.
Different strokes for different folks i suppose.
Nice chart by the wayIgnored